- Hardcover: 288 pages
- Publisher: McGraw-Hill; Clean & Tight Contents edition (1972)
- Language: English
- ISBN-10: 0070497729
- ISBN-13: 978-0070497726
- Product Dimensions: 9.1 x 6.6 x 1.1 inches
- Shipping Weight: 1.6 pounds
- Average Customer Review: 4.0 out of 5 stars See all reviews (20 customer reviews)
- Amazon Best Sellers Rank: #441,694 in Books (See Top 100 in Books)
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100 to 1 in the stock market;: A distinguished security analyst tells how to make more of your investment opportunities, Hardcover – 1972
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Top Customer Reviews
In spite of the the rather glamorous title, the book is actually about Buy and Hold investing. Yes, it is true that you could have made a million dollars by buying any of about 350 stocks he mentions if you had invested $10,000 and just sat back and watched it grow over time! Doesn't sound that exciting, does it? However, I hope you didn't miss the point that he mentions AT LEAST 350 opportunities to have done this! Most of the companies' names will be quite familiar to most readers.
With the histories of many of these companies available, Mr. Phelps goes back in time to examine what it was about these companies that made their potential as great as it was. How can one begin to see what it takes for a company to do well? Well enough to drive its stock from $1.00 to $100.00 over a period of time? This is the heart of Mr. Phelps' book. He comes up with common characteristics that show up in many of the stocks he uses as examples.
Now, what about his strategy of stock ownership? He says that the best way to preserve the wealth you accumulate from investing is to NOT SELL your stocks! Uncle Sam always wants a piece of the pie when you decide to cut it! Mr. Phelps says that no matter how long it takes, it's better to pass on stocks to your heirs than it is to sell them too soon!!Read more ›
Let me illustrate my point with an example. Toward the end of every real estate bull market, books come out on how easy it is to make money flipping homes. The books must sell to some degree or the publishers wouldn't publish them. Few actually succeed at it because:
* It's a lot of work
* It's competitive
* It only works well when you have a bunch of people who are uneducated about the value of their homes and are willing to sell them to you cheap, and/or offer you cheap financing while you reposition it.
* Transaction costs are significant, and improvements don't always pay back what you put in.
You could make a lot of money at it, but it is unlikely. Now with this book, "100 to 1 in the Stock Market," the value proposition is a little different:
* Find one company that will experience stunning compound growth over 20-30+ years.
* Invest heavily in it, and don't diversify into a lot of other stocks, because that will dilute your returns.
* Hold onto it, and don't sell any ever, ever, ever! (Forget Lord Rothschild, who said the secret to his wealth was that he always sold too soon.)
* Learn to mention the company name idly in passing, and happily live off of the dividends, should there be any. ;)
Here are the problems. First, identifying the stock will be tough. Less than 1% of all stocks do that. Are you feeling lucky? How lucky? That lucky? Wow.Read more ›
Those are the trends. Back then airlines and Pharma stocks were the future high growth trends ( I mean come on Really - duh). Tires? Automobiles (do your homeowork on Henry Ford) were in a serious growth phase, last time I checked, automobiles need tires. Definitely, GE (duh - Electricity was still pretty new) back then was a huge trend if you do your history. It's the same now. Spot the trends and invest for the long term. Internet of Things, 3D Printing, Solar, Biotech, Cloud, Online Video/Movies, Social Media, Cyber Security are some examples of the huge trends of the future. Sometimes you have to open your eyes and listen instead of being quick to criticize the highly successful investors. They must be doing something right. The internet makes it easier than ever to spot the trends. The internet makes it easy to find good companies with a strong management team. The internet makes it easier than ever to find good companies with rising earnings/revenues quarter after quarter. I suggest you read the book again with your eyes open and your mouth closed. You might make some really good money!
Most Recent Customer Reviews
collection of experiences in stock market, lots of advises mainly at the later chaptersPublished 16 days ago by omer albeladi
100 Baggers was based on this, but 100 Baggers is better. This book, however, is good too.Published 1 month ago by Damon Ronald Felton
What a great read. This one is an undiscovered gem. I'd put this one in my
personal "top 10" of investment books to
The theory and the explanation is very good. However, the book is based on the stock market from the 1930's to the 1970's. Read morePublished 6 months ago by Brian A. Zuckerman
This is a book that can open up your myopic eyes to the possibilities of a great future by buying and holding the right stocks. However the author never advises, buy and forget .. Read morePublished 10 months ago by Aravind MS
This book lacked any clear framework for identifying stocks that will turn out to be 100 baggers. It rather looks back at stocks that have increased 100 times, which is not that... Read morePublished 10 months ago by Marc
Surely the most worthless book I have ever read on the stock market. Each chapter meanders on about what a particular stock did. Read morePublished 12 months ago by Amazon Customer