In this revised edition of his classic book, The Prudent Speculator, Al Frank discusses his investment philosophy and reveals precisely how he goes about picking stocks and managing a portfolio. In addition, he provides advice on an important, but often neglected, subject: the psychological aspects of investing. Franks rigorous, value based methods have proven themselves over and over again. Specific topics include: The four cardinal principles of investment; Identifying undervalued companies; Managingyour stock portfolio; The myths and magic of margin; The Tao of investing.
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Most Helpful Customer Reviews
12 of 12 people found the following review helpful:
5.0 out of 5 stars
A must for every value investor.,
By "juniorbuffett" (Lycoming New York) - See all my reviews
This review is from: Al Frank's New Prudent Speculator: The Master of Value Investing Shows You How To Pick Winning Stocks, Revised Edition (Hardcover)
Unlike some books, were authors write about great investors or skilled authors with little practical experience present their opinions, Al Frank is a great investor and a skilled author with lots of practical experience. Thus, the book is a pleasure to read, more comprehensive than most and presents conclusions drawn from decades of value investing in common stocks.With a folksy, down to earth approach, the author goes over what's most important for a long term investor: Patience, Stock Selection, Diversification and Risk Management. Important financial ratios are also explained and the use of margin is reviewed in great detail. In fact, there are very few investment books which deal with margin as well as this one. This is probably because not many investment book authors have as much experience in this area as Al Frank. However, this is not a get rich quick book, but instead the presentation of a logical, long term seasoned strategy.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Al Frank: The Philosopher Investor,
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This review is from: Al Frank's New Prudent Speculator: The Master of Value Investing Shows You How To Pick Winning Stocks, Revised Edition (Hardcover)
The book is a breath of fresh air, providing a solid value-based strategy for investment togethr with a sound intellectual justification for it. In my more than thirty years of investing life encompassing a bevy of strategies and literally hundreds of books on investment, I have not come across a professionally trained philosopher writing about investment. Al Frank is that investor philosopher. If you want an intellectual challenge coupled with a proven strategy of investing in stocks, read this book. Think, profit and enjoy!
7 of 10 people found the following review helpful:
1.0 out of 5 stars
Not much meat,
By A Customer
Amazon Verified Purchase(What's this?)
This review is from: Al Frank's New Prudent Speculator: The Master of Value Investing Shows You How To Pick Winning Stocks, Revised Edition (Hardcover)
Basically this is typical value investing with a small cap bent, though he will buy value at any price. Chapter two covers this and the rest of the book will put you to sleep. He's long winded, add small type and over 350 pages... it was a struggle to finish. Much of it could have been left out. 50 pages are a review and comments of past years portfolios. Another chapter is on his pet peeves, one on funds, one defending use margin and one on Tech analysis (he doesn't use it for individual issues, but he looks at a few general market indicators to guage risk and overbought levels in the market). Except for a chapter 9 analysis of Ford, there isn't much about selection besides chapter 2. His returns were made using full margin. His best contibution it to say don't be too rigid on the numbers, be flexible. Usually stocks will be undervalued on a couple measures but not all of them. I'd recommend any other book on value investing.
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