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Rating: Summary: This book seems dangerous Review: I thought the book was poor, but, acceptable for a beginner, who was willing to read many books before this book. Then I read page 106, Gallandar sites a rule "Never Buy Firms With A Share Price Over $ 25.That is pure absurdity. Don't read this book, even if it is free, unless, you are receiving more than $25 to read it.
Rating: Summary: This book seems dangerous Review: I thought the book was poor, but, acceptable for a beginner, who was willing to read many books before this book. Then I read page 106, Gallandar sites a rule "Never Buy Firms With A Share Price Over $ 25. That is pure absurdity. Don't read this book, even if it is free, unless, you are receiving more than $25 to read it.
Rating: Summary: BRILLIANT!!! SURE TO BECOME A CLASSIC Review: In 50 years time, this is a book that will be looked back on as seminal in understanding investing.
Rating: Summary: BRILLIANT!!! SURE TO BECOME A CLASSIC Review: The author presents good stock market advice hidden in the form of a play. The setting is a family gathering in front of the TV, watching a baseball game. I don't quite see the connection and would have preferred getting the advice without the play. At least it's better than getting recipes in a book about the stock market.
Rating: Summary: Methodology? What methodology? Review: The so-called methodology in this book consists of no fewer than 83 "rules" of stock-picking that don't appear to have any basis in research or analysis. Some of these rules range from silly ("Never Buy Firms With A Share Price Over $25") to plain conventional wisdom ("Diversify", "Higher Risk, Higher Potential Reward") to strategies shown in other works to have a detrimental effect on returns ("If A Stock Sinks, Consider Averaging Down", "Sell at Least 50 Percent Of The Stock Near The Target"). There are certainly no secrets being given away here (while the author talks about stocks he had purchased, he did not mention at all how what types of screening or other methods they use to find these stocks). Meanwhile, the portfolio constantly alluded to in the book (in the "Boxscore") contains stocks that performed abominably (a stock that went from US$2.26 to $0.13, another that went from US$31.17 to US$10.25) in addition to their winners. Real investors with a few thousand dollars to start with cannot afford the level of diversification the author advocates, so following one or two of their bad calls, and (heaven forbid) averaging down on that stock as the author recommends "considering", could wipe an investor out, or certainly put him off the idea of investing. Any evidence of a selling discipline is completely lacking. For a new investor that is not interested in parting with his money to hear the latest guru musings but wanting to make serious, market-beating, long-term returns I recommend reading James O'Shaughnessy's "What Works on Wall Street" and "How to Retire Rich". Mr. O'Shaughnessy actually did extensive quantitative research to come up with his rules (there are far fewer than 83 of them), and he's not out to sell you a newsletter. The publisher has kindly included in the back of the book a form for those to order more copies of the book or to subscribe to the author's newsletter at US$200 a year.
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