Top critical review
13 people found this helpful
no secrets revealed
on 3 July 2011
You will not find any investment secrets revealed in this book. The descriptions are of traders ranging from one with a PhD in econometrics, investment bankers, to yes, one or two more ordinary mortals. The descriptions of their investment methods are not detailed enough to enable you to apply yourself, and indeed some of them are for the advanced investor only. And how many of us are going to invest enough in a company to be able to enter into discussions with company managment, as a number of these investors do?-or attend 50 agms a year? If you are a beginning investor, I dont think this book will advance you much, and if you are advanced, you will have your own modus operandi anyway.
Save your money, and read some descriptions of strategies that can be readily applied, eg The little book that Beats the Market, or David Stevensons "Smarter stock picking " To be fair, there are some ideas in this book which you might find useful, and of course a fair collection of aphorisms. But there is nothing that you will be able to apply out of the box to help you make money. I found it quite woeful on stock selection. Uninspiring in the extreme. Really not sure why anyone would want to read it, apart from the character sketches of the investors. You would be better off with Market Wizards, or if you want an investment book written like a novel, try "The Big Short"- thats very educational as well.