- Unknown Binding
- Publisher: Center for Economic Development & Research, University of North Texas (1991)
- Language English
- ASIN: B0006DGO24
- Average Customer Review: 4.4 out of 5 stars See all reviews (66 customer reviews)
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During a period of market mania or depression, his practical advice will steer you toward timeless principles of successful investing.
I found the book to be clear and accurate, a combination that seldom occurs in investing books. I have reread this book several times, and have learned much from each rereading. One of the book's strengths is to help you understand how much to pay for a rapidly-growing stock. Momentum stock investors: Be sure to read this book.
The benefits of this book are enhanced by also reading Investors Business Daily.
To be honest, I was a slow learner too. So,let me take you back a little bit. I first picked up this book in '92, read it, got excited but then went back to doing it my way. I picked it up again in '94, read it and made a note in the book that a company stock called DELL fit the profile of his CANSLIM methods, set the book down, forgot about it and went back to doing things my way. (Didn't buy DELL in '94) Finally, early last year of '98, I again picked up the book and read it. This time I saw a little note that I had written in the book in '94 about DELL and thought to myself 'why was I so stubborn' about 'doing it my way' that I missed out on so much valuable time and money. Since then, I've bought the stock and a few others that have catapuled my portfolio balance to over 200%. Now that feels real good.
Like me for the first time, you'll probably understand most of what he says in the book but you may not relate to what he says entirely until you've been practing or 'getting your feet wet' in the stock market for a little while. Since buying and selling stocks is not a perfect science but rather an art, you will need to go back and reread the book many times over while you're in the market before you'll truly 'get it'.
My only critism about his CANSLIM method is that he steers you towards buying stocks with a low number of floating shares which indicate small to mid cap stocks because he says these stocks have the greatest upside potential. I disagree because hitech stocks like Dell, Microsoft, AOL, and Cisco that have gone global can still grow very rapidly if not faster than some of the small guys.
Other than that, armed with this book and his Investors Business Daily, you'll be able to achieve the returns that you've always wanted.