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Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market
 
 
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Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market [Hardcover]

James "RevShark" DePorre (Author), James J. Cramer (Foreword)
3.6 out of 5 stars  See all reviews (42 customer reviews)

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Book Description

0132213087 978-0132213080 October 18, 2007 1

Profit from Your Unique Advantages as a Small Investor--Speed and Flexibility!

 

“The book you are holding is, hands-down, one of the most original and insightful books I have ever read when it comes to teaching you, the individual investor, not only why you have the ability to beat the Whales of Wall Street, but also how you can do it.”

--from the foreword by James J. Cramer, CNBC’s Mad Money and TheStreet.com

 

“Even investors who concentrate on fundamentals can benefit from Jim DePorre’s Shark approach to investing. At the very least they will know why, for a time, they can get the facts right but the stock wrong.”

--Herb Greenberg, senior columnist, MarketWatch.com

 

“There are very few traders who have RevShark’s intuitive feel for the market. I especially appreciate Rev’s unique ability to recognize and utilize the distinct advantages of being a smaller, individual investor versus the less agile large institutions.”

--Barry Ritholtz, Chief Investment Officer, Ritholtz Capital Partners

 

As an individual investor, you can swim circles around the “whales” of Wall Street…by investing like a shark! In this book, James “RevShark” DePorre reveals how to maximize your powerful and unique advantages as a small investor: speed and flexibility. You’ll develop a completely new way of looking at the stock market, learn when to attack, how to move aggressively, how to stay flexible…and when to swim away in the face of danger. You’ll learn why “buy and hold” is today’s riskiest strategy…and exactly what to do instead. In short, you’ll learn the same disciplined investment techniques that helped DePorre build a tiny nest egg into a huge fortune and transformed his life.

 

If you read TheStreet.com, RealMoney.com, or SharkInvesting.com, you already know DePorre and his inspiring personal story of how he lost his hearing, career, and marriage…turned to online investing out of desperation…and succeeded beyond his wildest dreams. Now, in this fast-paced, insightful, and entertaining book, DePorre shows how you can do it, too.

 

How to invest like a shark…

  • Stay in motion, trolling for your “next meal”
    Stalk your prey patiently, relentlessly, and without emotion
  • Move fast when there’s blood in the water
    Know when to strike
  • Know when to swim away
    Sell when you sense danger
  • Feed on the frenzied crowd
    Profit from others’ fear, despair, stupidity, and greed
  • Use all your unique advantages and strengths
    Leverage small caps, technical analysis, and the tremendous power of cash
  • Invest with the shark’s attitude
    Be active, adaptive--and control your own destiny

 

 

 

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Editorial Reviews

From Publishers Weekly

DePorre, noted stock market investor and writer for TheStreet.com and RealMoney.com, offers advice to small investors. The key to maximizing assets, he says, is shark investing—protecting capital while aggressively pursuing profits. Small investors' quickness and flexibility is a powerful advantage that they should exploit. But most small investors are passive, DePorre claims, holding investments for long-term gains, although this conventional investment wisdom results in only mediocre returns and carries the risk of greater loss. Maintaining the shark analogy, he tackles topics such as the myths of Wall Street, understanding market dynamics, portfolio management and how to put everything together, offering cogent, practical advice. Graphs and charts illustrate key points, in addition to a useful glossary. But the shark theme gets old quickly and makes otherwise sound advice appear gimmicky. However, for first-timers planning to enter the market or those hoping to improve their results, DePorre's advice will be a welcome guide. (Nov.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

As seen on Fox Business News, Fox Business Network's "Happy Hour" and TheStreet.com TV with Jim Cramer.

Product Details

  • Hardcover: 240 pages
  • Publisher: FT Press; 1 edition (October 18, 2007)
  • Language: English
  • ISBN-10: 0132213087
  • ISBN-13: 978-0132213080
  • Product Dimensions: 9.2 x 6.3 x 0.9 inches
  • Shipping Weight: 14.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (42 customer reviews)
  • Amazon Best Sellers Rank: #393,483 in Books (See Top 100 in Books)

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Customer Reviews

42 Reviews
5 star:
 (19)
4 star:
 (7)
3 star:
 (4)
2 star:
 (3)
1 star:
 (9)
 
 
 
 
 
Average Customer Review
3.6 out of 5 stars (42 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

31 of 34 people found the following review helpful:
3.0 out of 5 stars OK for Beginning Traders, Not Much New for Veteran Traders, November 30, 2007
By 
mac_rmm (Pennsylvania) - See all my reviews
This review is from: Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market (Hardcover)
I read this book hoping for some insight to some of the specific trading strategies RevShark uses, as I have read his website and newsletter periodically throughout the past few years and find myself usually enjoying and agreeing with his market insights. I was a little disappointed in that regard. If you are an investor just starting out, then the book will help you understand that much of what you see on CNBC and read in magazines like "Money" and "Kiplinger" will not help you become a successful investor. Buy and hold is dead, and this book explains why. But for an experienced trader, there is very little here. There were no specific trading strategies, just a summary of some basic ideas from technical analysis and chart reading. There was also a chapter on investor psychology, but again, nothing that has not been discussed in many other books. I was expecting more.

If you are a new investor, may I suggest that you instead get "How to Make Money in Stocks" by William O'Neil. The ideas in the two books are very similar, but explained much better in O'Neil's book.
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17 of 21 people found the following review helpful:
2.0 out of 5 stars Nice story, general advice, but very little *usable* information, March 6, 2008
This review is from: Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market (Hardcover)
This book disappointed me.
The story of man-with-hardships-does-well is nice. The title hints at the reader getting advice on how to also do well - and does not deliver.

The title would have been more descriptive if the "invest like a shark" and "How" parts were removed, and it was just titled "A Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market"
(and now wants additional income from selling the story)

You get generally good-sounding advice ("invest when the odds are in your favor") but no way how to know *when* the odds are in your favor, or advice to "use charting to know when the large-movers (Banks, funds, etc.) are buying in and then join them" - but no real advice what chart signals will tell you this, or will tell you if they are still buying, or you are too late.

There is a lot of text about how Sharks are successful, and advice to be like them - fast, aggressive, etc. etc. - but no real advice what this means in practice.

At the end of the day, you get almost no advice you can use and apply,

The only two pieces of advice I found useful here are also commonly given (for free) in every other books and web-site:
- Cut you losses and do not wait for the stock to rebound
- Use a defined set of rules to decide when to buy/sell, and not gut-feel so emotions will trip you up less.

I would not recommend it to anyone looking for how to trade, Novice or Experienced, maybe only to people interested in the biography of successful traders.

Theerfore, I have to say it is not worth the price, and you are better off looking for it in a library - or spending your time and money on something more useful.











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14 of 17 people found the following review helpful:
4.0 out of 5 stars Great book for new traders, November 30, 2007
This review is from: Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market (Hardcover)
This is a four star book for new traders, it lays out the basic principles that has made me thousands of dollars in the market. I would highly recommend this book to anyone just starting out trading stocks. However experienced traders will likely be disappointed that the author does not go into more detail or give a more advanced technique for trading profits. I would look at books by Nicolas Darvas, William O'Neal, Alexander Elder, or Jesse Livermore if you have advanced past the basics. Here is a summary of what this book has to offer in lessons:

#1 Protect your capital above all else.
#2 Manage your money. Cut your losses short if you are wrong. Do not allow losses to get away from you.
#3 Use charts to see the action of buyers to get a read on supply and demand for a stock.
#4 Hold multiple stocks and diversify the price you pay for them and the time in which you sell them. Move in and out of shares gradually, do not buy all your position at one time.
#5 Take larger positions when the odds are in your favor that you are right.
#6 When in doubt, sell. You can always buy your stock back if you change your mind.
#7 You must respect the market. It is illogical and sometimes you are just lucky or unlucky.
#8 Invest like a small investor, quick ins and outs for a profit. Do not invest like a fund manager with slow long term positions in slow moving stocks.
#9 Be patient, persistent, and methodical.
#10 Never stop learning more about the markets and how they operate.
#11 Just knowing the basic fundamentals of a stock's annual earnings growth compared to the P/E is all you need most of the time. What really matters is the supply and demand of the stock.

Beginners grab this book. Advanced traders keep looking, nothing new here.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
tiger sharks, street addict, market beast, money management system, investing approach, money management rules, investing style, investing game, precious capital
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Shark Investing, Wall Street, Shark Investors, Worden Brothers, Portfolio Management, Investing Shark, Navigating the Market Seas, Edit Daily, Developing Your Inner Shark, Nasdaq Optionable, Understanding Market Dynamics, Dell Computers, Jim Cramer, Etlit Daily, Empowering the Individual Investor, Motley Fool, Putting It All Together, Warren Buffett, Dow Jones Industrial Average, Shark Myth
Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
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