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Mastering Fundamental Analysis [Hardcover]

Michael C. Thomsett (Author)
3.0 out of 5 stars  See all reviews (7 customer reviews)


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Book Description

July 1, 1998
Adapt investing strategies using the same disciplined analysis that has made Warren Buffett successful. "Mastering Fundamental Analysis" performs the valuable service of leading everyday investors into better investment decisions, while allowing them to learn at their own pace through the use of worksheets, graphs, sidebars, and step-by-step examples.


Editorial Reviews

About the Author

Michael C. Thomsett has written more than 50 books, including Mastering Fundamental Analysis (Dearborn), Mastering Technical Analysis (Dearborn) and Getting Started in Options (Wiley). Prior to his writing career, Thomsett worked as a professional accountant and operated his own public accounting and tax consultation business.

Product Details

  • Hardcover: 256 pages
  • Publisher: Kaplan Publishing; First Edition edition (July 1, 1998)
  • Language: English
  • ISBN-10: 0793128730
  • ISBN-13: 978-0793128730
  • Product Dimensions: 9.3 x 6.3 x 0.9 inches
  • Shipping Weight: 1.1 pounds
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #1,410,170 in Books (See Top 100 in Books)

More About the Author

I have been writing professionally since 1978 and fulltime since 1984. Previously, I was an accountant.
From 1978 to 1984 I wrote part-time and also was a consultant in the financial services industry. Once I began writing fulltime, I began in the magazine journalism field as a freelancer. In 1985 and 1986 I wrote approximately 500 articles in business, trade and professional magazines. I then switched over to books exclusively and have written over 70 books. These include my own as well as ghost-written projects.
Today I like to work on multiple books at the same time, normally two or three projects. Being able to switch back and forth keeps the writing process fresh and interesting. I generally write from 7 a.m. until noon and spend afternoons on research.

 

Customer Reviews

7 Reviews
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Average Customer Review
3.0 out of 5 stars (7 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

14 of 14 people found the following review helpful:
2.0 out of 5 stars Overly Verbose and Superficial., November 3, 2005
This review is from: Mastering Fundamental Analysis (Hardcover)
Contrary to one reviewer I think the purpose of this book would be to teach fundamental analysis. To dismiss the Efficient Market Theory is not the main goal of this book, because if you do any type of technical or fundamental analysis this is a pre-condition. If your purpose is to dismiss EMH, get Louis Bachelier's thesis and do advanced statistical tests.

But the book should be better. What I did not like in this book: The author is repetitive, verbose. That is, he "talks" too much. Besides, I think he should exemplify his analysis with REAL CASES getting financial statements from, say 2 companies, make a spreadsheet and analyse them in detail, showing you how to really use fundamental indicators (not only the blah blah blah). He should give you price targets and buy/hold/sell recommendations.

On the contrary, he only talks about things. It lacks depth.
In a certain sense, the book seems a general public magazine. And several chapters are dedicated to commentaries about other things that are not related to fundamental analysis. This would not be a problem had the author explained well the main subject, that is, Fundamental analysis.

Also the book has errors in simple formulas, like the weighted moving average. The order of the quarters in the example is wrong (the last quarter should have the greatest weight as the text explains). This kind of error is horrible. If you intend to explain simple things for people that do not know these things you need to be careful and not make errors in the examples, at the risk of a complete confusion. The book has another error in the explanation of the return rate. Someone that knows what is a weighted moving average can discover these errors, but Thomsett should be more careful.
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13 of 14 people found the following review helpful:
1.0 out of 5 stars Useless, March 24, 2005
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This review is from: Mastering Fundamental Analysis (Hardcover)
I ordered this book from Amazon and just finished reading it. The book has no useful value. It starts as a basic manual on Fundamental Analysis of companies, but quickly devolves into an unsystematic pile-up of various facts and opinions about investing, which have nothing to do with the topic of Fundamental Analysis. It is does not fit any specific level of the investment expertise. "Useless" pretty well sums it up.
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13 of 15 people found the following review helpful:
5.0 out of 5 stars Fundamentals, August 12, 2000
This review is from: Mastering Fundamental Analysis (Hardcover)
If you want to get in the stock market and want to choose stocks properly, this book will help a lot. However, it would be a lot easier to master the techniques if you have a little accounting background. Good book with simple and direct-to-the-point explanations and illustrations.
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Inside This Book (learn more)
First Sentence:
Most investors depend on financial information to judge companies. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
preferred stock ratio, odd lot theory, odd lot traders, common stock ratio, quick assets ratio, lagging economic indicators, working capital turnover, debt capitalization, auction marketplace, net margin, technical indicators, book value per share, fundamental analyst, bond ratio, stock listings, fundamental analysis, fundamental indicator, diluted earnings, ratio showing, total capitalization, trading fees, fundamental tests, trading range, capital strength, volume trends
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Value Line, Dow Jones Industrial Average, Mastering Fundamental Analysis, New York Stock Exchange, The Wall Street Journal, Investor's Business Daily, Treasury Notes, Consumer Reports, Coupon Yield, Different Drummer Investing, General Electric, The March of the Contrarians
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