Top positive review
37 people found this helpful
a good book for beginners, but I was offended by all the false reviews
on March 11, 2012
The main point of the book is that it is much easier for a stock to go from 5 to 7, then from 50 to 70. This is due to lack of institutional ownership, and to market inefficiency at low prices.
The book is for beginners, and mentions a lot of things that experienced investors know.
1. It goes over using value line, standard and poors, and yahoo finance to do research.
2. It tells you to look at insider trading activity.
3. It introduces you to free stock screeners.
4. It has you look at what famous investors own the stock.
5. It has you look at charts.
The best part of the book for me was that it taught me that refiners, and investment companies can get very cheap in a bad economy, and that if you buy them then, you can make huge profits.
The worst part of the book for me, was recommending buying small biotechs. I don't believe the average investor would have any success picking which biotech will succeed, and which will fail. Also, she mentions reading the 10ks, and financial statements, but does not tell you how to do it.
I was personally, very offended by all the reviews I believe to be false. Granted, many people, have one or two friends, write a positive review, but in this case there were 30. I can tell if a review is fake, if it is glowing, and more to the point, if that is the only review the author has ever written. I am surprised that someone at Hilary's level, i.e. a hedge fund manager, a stock analyst, and a commentator on nightly business report, would sink to the level of having 30 friends write in fake reviews.
(I want to update this review by adding one thing. As someone who has been an investor for almost 2 decades now, and have read hundreds of books on investing (someone of them textbooks in finance), there is no easy way to make a killing in the market. I beat the market by maybe 3 points a year on average, and that is after reading hundreds of books on investing, and taking a class on a market beating strategy from someone who I respect a lot. Hillary herself knows that reading this book will not allow you to make a killing.) The best book for people learning about the market is the "The four pillars of investing" by William Bernstein