ACKNOWLEDGMENTS

No book can be written without help and inspiration from a number of valuable contributors to the project. We are especially thankful for the intellectual impact of the educational community, which includes Dr. Henry “Hank” Pruden, professor at Golden Gate University in San Francisco. Hank, a longtime educator and advocate of market analysis, was the original matchmaker who introduced Martin Pring to Joe Turner. This eventually led to the formation of Pring Turner Capital Group in 1988. Another long-term associate, friend, advisor, and innovative educator is Bruce Fraser, to whom we are indebted for pushing all of us further and higher in pursuit of portfolio management mastery. Additionally, we give special thanks to Robin Parker who also opened our minds to reach a greater understanding of our own unique offering to the investment world.

We acknowledge the good people at Dow Jones Indexes who discovered Martin Pring’s business cycle research and validated the longstanding investment approach of Pring Turner Capital Group that is detailed and utilized in this book. Certain chapters in this book would not be possible without the exhaustive research efforts conducted by Steven Malinsky, David Krein, and Jeff Fernandez. The team at Dow Jones Indexes was instrumental in developing the Dow Jones Pring U.S. Business Cycle Index.

A special thank you to Richard Ciuba at Dow Jones Indexes for introducing us to Noah Hamman at AdvisorShares who had the idea to launch an actively managed exchange-traded fund based on our business cycle strategy. We are looking forward, by early 2013, to introducing the Pring Turner Dow Jones Business Cycle ETF (symbol DBIZ) to advisors and investors who have been searching for an “all-seasons” investment vehicle.

We appreciate the efforts of the staff at McGraw-Hill, especially Mary Glenn and Jane Palmieri for their patience and for tolerating all our editorial shortcomings. They worked with our raw material, pushed us on deadlines, and took the book past the finish line.