Wall StreetWith the U.S. and European debt crises, concern about a double-dip recession and some lingering numbness from the market woes of a few short years ago, these are uncertain times. And investors are looking for investment strategies that will lead to wealth amid all the uncertainty.

But to be successful, you should forget the notion of getting rich quick. Fast and furious doesn't work on Wall Street, and neither does putting all your investing chips in one pot. If you want to be a successful investor, think long term and be ambidextrous. At least according to Larry Light, a former editor at The Wall Street Journal and BusinessWeek and author of the new book, Taming the Beast: Wall Street's Imperfect Answers to Making Money.

To "tame the beast" that is Wall Street, savvy investors must be nimble, understand a myriad of investment strategies and know when and how to use them, he writes. His book includes a primer of sorts on the power and pitfalls of value- and growth-investing strategies, as well as of investing in real estate, hedge funds, bonds, currencies, commodities and oversees investments.

It's All About Diversity

Taming the beast is about diversity, Light suggests, which isn't as easy to achieve as you might think. Many strategies must be explored to get to that blessed state where you can say, "I've got plenty of money to sustain me, thank God," he writes. The trick is to be sufficiently flexible to dip into any or all of them, but, by the same token, to know each strategy's limitations.

Light contends that successful investing doesn't require a fancy MBA from an expensive university, "It's not quantum physics," he says. But it does require intelligence and diligence. You have to put in some study time, read everything and watch for trends and opportunities. Figure out what investments appeal to you and under what conditions they thrive, he advises. Ask questions, talk to people and ponder, he says.

What could be the worst move for investors right now? Letting emotions rule. "Don't follow the herd," he says. "If everybody is doing something, it must be right? Wrong."

Check out this video to get more of Light's wisdom on taming the beast:

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americandoo

"TIME FOR BIG INVESTORS TO STEP UP TO THE PLATE LEAD AMERICA BY
INVESTING IN AMERICA" "WHEN YOU INVEST IN AMERICA YOU INVEST IN YOUR CHILDREN'S
FUTURE"

"INVEST IN A LARGE PROJECT THAT WILL MAKE A DIFFERENCE FOR THE FUTURE"
Similar to this idea; In past history when the USA needed a Moral Boost to our
Country we built such things as; The Largest Bridges, Dams, Statue Of Liberty,
Worlds Largest Futuristic Fair, Landed on the Moon etc.

It is overdue for us and time for us to build the Largest & Best Futuristic
CITY IN THE WORLD, using ALL OF OUR CUTTING EDGE TECHNOLOGY­.

Countries CUTTING EDGE TECHNOLOGY and BEYOND ALL OTHERS ! !

Find a location in the USA somewhere that has the space for our "FUTURE CITY
PROJECT"

Where Our Future City will Utilize all of the Newest and Cutting edge combined
technology in the world to build our City using entirely GREEN energy with ZERO
POLLUTION ! ! !

Our City Could Have A NEW VERSION OF THE STATUE OF LIBERTY, Holding
the torch in one hand and our GREEN PLANET EARTH in her other hand, her head
raised high looking Up at the sky.

This would make a GREAT FILM based
on a True Story with the help of A TEAM OF BIG MONEY INVESTORS ! ! !

Use your Imaginatio­n think how; GREAT THIS WOULD BE FOR AMERICA & OUR
ECONOMY ! ! ! !

"DREAM BIG...DO BIG"

Thank You, Respectful­ly, Michael V. Caldwell

August 05 2011 at 12:15 PM Report abuse rate up rate down Reply
rcumor

There is only one you need to know that will get you thru any termoil....The 4 Gs ....GOD, GUTS , GUNS, an GOLD !!!!

August 05 2011 at 9:56 AM Report abuse rate up rate down Reply
BHarrison2

If enough people pull their money out of the markets and the banks, then eventually the government, the financial institutions, and the Wall Streeters would have to improve how the markets operate . . . that is a basic principle of "capitalism". We need to deny them the use of our money until and unless they start payingmore in interests and they improve the integrity of the financial and Wall Street operations.

August 04 2011 at 2:44 PM Report abuse rate up rate down Reply
BHarrison2

". . . savvy investors must be nimble, understand a myriad of investment strategies and know when and how to use them . . " . . . Well, that should EXCLUDE and be a deterrent against the vast majority of the Americna citizens. And based on experience and history, people cannot rely on financial investors who are motivated by their need for fees from investors also. The quandry is that the Markets have simply become too complex and technical; the Wall Streeters and hedge fund owns basically don't lose; and the system is set up to milk the investors. As noted by many such as Jim Crameer (who got welathy doing this) they drive the markets up and down and maake fortunes off of their fees and arbitrage. It is all akin to Las Vegas gambling where "the House always wins". Congress and the SEC need to regulate the markets for basically simple operation where there is some integrity to investing in the markets. Otherwise, more and more Americans will reject investing in the markets. Just as the bankers used the LDOs, CDOs, derivatives to defraud the consumers, the Wall Streeters have similarly concocted complex schemes to milk and scam the investors. Wal Street and hedge funds don't create jobs, they merely enrich themselves by scamming the investments of others. The markets have become "stack decks" in card games that investors will lose in. It is time for basic changes in how the markets are operated. Once it becomes too complicated then the American people have no business investing in it, do they?

August 04 2011 at 2:40 PM Report abuse rate up rate down Reply