The author of this book teaches its readers that it is better to invest in shares of quality companies instead of entrusting mutual funds, he says:
"As a money manager, I don't like mutual funds. Never have. Never will. In general, I think they underperform and overcharge. Worse, most of the people who manage mutual funds don't have even a penny of their money in their own funds."
Most Americans are afraid to buy stocks on their own but it is costly to think this way because as the author argues, stocks rise most over the long term and value stocks provide the best risk-reward ratio. These quality companies share traits such as strong management, creativity, efficient expenses, and a clear future vision. Some of them include Cintas, Expeditors International, Paychex, Walgreens, and Wal-Mart. Investing is not that hard. A quote from the book by Warren Buffett is below:
"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
I recommend this book to readers. More Americans should get educated on the subject because Wall Street is simply taking advantage of our lack of education.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market