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Confessions of a Stockbroker: You, Too, Can Find Tommorrow's Blue Chips Before Wall Street Finds Them

Confessions of a Stockbroker: You, Too, Can Find Tommorrow's Blue Chips Before Wall Street Finds Them

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Rating: 1 stars
Summary: Waste of Time
Review: After reading this book I can honestly say that I didn't walk away with one valuable information other then not wasting my time reading a sequel to Confession of a Stock Broker. A waste of time and a waste of money would be the best way to describe this book. If you're looking to read a book which wont provide you with any benefits then this is it.

Rating: 5 stars
Summary: Great Read
Review: Great Book
Easy to follow
The man makes sense
No mumblejumbo investment talk

Rating: 1 stars
Summary: St. Augustine Need Not Worry
Review: Look up the word meretricious in the dictionary - you'll probably see the cover of this book. This is the worst type of non-fiction- boring to read, misleading and worst of all dangerous if the "advice" within is followed. Is anyone else suspicious of the sample "client portfolios" provided? Hmmmm....a client has over a dozen positions in the portfolio and guess what - all big winners, no losers. Anyone who has spent a minimal amount of time studying the market knows this is highly unrealistic. Lanyi must think his readers are either suckers or fools. I can only assume he has something on the publisher and/or editor to get them to back this vanity project. After reading Confessions, I wondered why Amazon does not offer the option of giving a book no stars. If ever there was a book that deserved it - Confessions of a Stockbroker is it.

Rating: 1 stars
Summary: St. Augustine Need Not Worry
Review: Look up the word meretricious in the dictionary - you'll probably see the cover of this book. This is the worst type of non-fiction- boring to read, misleading and worst of all dangerous if the "advice" within is followed. Is anyone else suspicious of the sample "client portfolios" provided? Hmmmm....a client has over a dozen positions in the portfolio and guess what - all big winners, no losers. Anyone who has spent a minimal amount of time studying the market knows this is highly unrealistic. Lanyi must think his readers are either suckers or fools. I can only assume he has something on the publisher and/or editor to get them to back this vanity project. After reading Confessions, I wondered why Amazon does not offer the option of giving a book no stars. If ever there was a book that deserved it - Confessions of a Stockbroker is it.

Rating: 1 stars
Summary: Waste of Time
Review: Mr Lanyi sent me an autographed copy of this book in order to solicit me as a client for his private banking practice. I read it out of curiosity; it took me maybe an hour. I can't imagine how he could think that this book would bring him clients.

The book is written at a fifth-grade level, using simple sentences arranged into short paragraphs divided by asterisks. The biographical notes are standard Horatio Alger stuff about rags-to-riches; there is nothing telling or insightful in them, just many stretched analogies in which Mr Lanyi attempts to relate his life story to his investing philosophies. The investing methods presented are vague, cliched, and seem to concentrate on unheard-of small-cap stocks. Polanyi says "I look for companies that are growing," as if he were the first to come up with this idea.

Worst of all, this book emphasizes the stocks Mr Lanyi picked that ended up skyrocketing -- and there is nary a mention of the failures that even the best stock recommender has. Why doesn't Lanyi include an honest chart of how many successes and how many failures he's had? One would have to be very, very naive to think that Lanyi is telling the entire story when he talks about his successes.

Overall, I can't see anything of financial, educational, or literary value in this book. I thought about giving it away to a library, but I don't think financial misinformation such as this should be spread. This book may just end up in the mixed-paper recycling bin. For educational reading about stocks and stockbrokers, try "A Random Walk Down Wall Street," "Reminiscences of a Stock Operator," or "Where Are the Customers' Yachts?"

Rating: 1 stars
Summary: Blue Chips or No Chips
Review: Not only is this book not very good, it could be dangerous to you investment health. The book is tedious, especially in the slow moving middle sections. In addition, Lanyi's simplistic approach to investing ignores the tremendous risks inherent in buying small cap stocks. My advice to him: save your "confessions" for people not interested in making money in the stock market.

Rating: 1 stars
Summary: USED CONFESSIONS FOR SALE
Review: Potential readers of this book should look at the number of used books available for sale. 22 COPIES!!! If that doesn't tell you something I'm not sure what would. At some point in the near future, I expect Mr. Lanyi will have to pay people to read his book. My advice, don't take the bait; life is too short and time is too valuable. "Confessions" contains little of value for either the novice or experienced investor. One last comment to the guy trying to sell an autographed copy for over $20 - you're dreaming. An autographed copy is probably worth less than a normal copy.

Rating: 1 stars
Summary: USED CONFESSIONS FOR SALE
Review: Potential readers of this book should look at the number of used books available for sale. 22 COPIES!!! If that doesn't tell you something I'm not sure what would. At some point in the near future, I expect Mr. Lanyi will have to pay people to read his book. My advice, don't take the bait; life is too short and time is too valuable. "Confessions" contains little of value for either the novice or experienced investor. One last comment to the guy trying to sell an autographed copy for over $20 - you're dreaming. An autographed copy is probably worth less than a normal copy.

Rating: 4 stars
Summary: Great Reading, Very Inspiring
Review: This book is an excellent tool in personal motivation. A very good read that gives insight to the complex world of Wall Street.

Rating: 2 stars
Summary: One to rent, not own
Review: This book is poorly written and edited. The middle section contains about 100 pages of obvious filler, consisting of descriptions and histories of several companies in which Mr. Lanyi's clients have supposedly invested. The author's attempts at humour are mostly shopworn cliches that grow tedious by the third or fourth chapter. Anyone looking for serious and intelligent investment advice would be well served by looking elsewhere. Confessions of a Stockbroker seems more of a marketing piece designed to get Mr. Lanyi more clients than an effort at educating or helping the average investor.


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