Why are the smartest, most successful professionals so often failures when it comes to investing? Can stock prices really be so illogical that even doctors and lawyers can't figure them out? Ultimately, is it possible for anyone to decipher the financial markets?
Fortunately, the answer is yes. In Investing In One Lesson, investment guru Mark Skousen clearly and convincingly reveals the reasons for the seemingly perverse, unpredictable nature of the stock market. Drawing upon his decades of experience as an investment advisor, writer, and professor, Dr. Skousen explains in one spirited, easy-to-follow lesson why stock prices fluctuate with such apparent irrationality. Lifting back the veil of perplexity and confusion that surrounds the workings of the stock market, Dr. Skousen explains:
*Why good news for the economy is often bad news for the stock market
*Why stocks of old, established companies in shrinking industries tend to be a better investment than shares in rapidly growing firms in cutting-edge fields
*Why stock prices can suddenly skyrocket or collapse--regardless of market fundamentals
*Why initial public offerings often enrich insiders at the expense of the majority of investors
*How Wall Street is like a giant casino--and how it isn't
The perfect investment primer, Investing In One Lesson provides an introduction to everything from day trading to contrary investing to chart-based techniques. Dr. Skousen's book concludes with a comprehensive but simple investment strategy to maximize your returns without having to dedicate countless hours to researching the market. Dr. Skousen packs his book with entertaining personal and professional anecdotes illustrating his central point--that the business of investing is not the same as investing in a business. He offers investors a wide-ranging but accessible course on investing history, psychology, and strategy--all in one lesson.
"If you could identify one lesson of investing, what would it be?"
This question, repeatedly asked of Mark Skousen by everyday investors, intrigued the stock market expert. Could he sum up his decades-long experience as an investment advisor, professor, and writer in a single lesson? Was it possible both to explain the cryptic workings of the stock market and also relate a comprehensive investing strategy in just one book? This book represents the definitive answer to that question. With Investing In One Lesson, Dr. Skousen has compiled a primer that will put even the most baffled investor on the road to success in the stock market. Mixing sober investment guidance with compelling stories from Dr. Skousen's years of exploration in the stock market jungle, Investing In One Lesson is an engaging, indispensable guide for surviving and thriving in the peculiar universe of Wall Street.See all Editorial Reviews
Bought this book because Dr. Skousen is an Austrian economist and I am a believer in Austrian economics. Read morePublished 7 months ago by Jimmy
Henry Hazlitt's "Economics in One Lesson", which has deservedly become a classic, shows how the consistent application of one simple principle can generate a sound... Read morePublished 13 months ago by DAJ
I've been searching for decades, and at age 58 I finally found the most liberating and smart way to invest, and Dr. Read morePublished on May 2, 2011 by William B. Wanamaker
I have read lot of books on investing over the years, but this book is just superb. I won't say it is the best, but it is in the top 10. I could not put it down. Read morePublished on August 12, 2009 by Mariusz Skonieczny
I wanted to know about investing and this book can get you there without the need to get proficient deciphering or memorizing the investing industry jargon and trade language... Read morePublished on March 28, 2009 by Pedro Pacheco
There are few infallible truths of investing but Prof Skousen identifies the one principle that comes close to gospel in explaining how investors grow rich-and stay rich. Read morePublished on March 24, 2009 by Jusuf Hariman
It would be pointless to repeat all the great things about this book, such as explaining basic consepts of investing by very simple way and explaining many reasons for market... Read morePublished on July 25, 2008 by Esko Grönroos