Midas Investing:: How You Can Make at Least 20% in the Stock Market This Year and Every Year [Hardcover]

Jonathan Steinberg (Author)

Book Description

Publication Date: November 5, 1996

A step-by-step guide to investment shows how to pick money-making stocks, explains how to evaluate investment opportunities, and presents successful strategies and methods for making money in the stock market. 20,000 first printing.

Editorial Reviews

From Library Journal

Investing isn't brain surgery, says Steinberg, son of famed financier Saul Steinberg and publisher of the monthly newsletter Individual Investor. Persistence and common sense help, but the chief ingredient is getting the right information and using it correctly. The audacious claim in Steinberg's subtitle is based on his own successes using his "key elements," some of which are rapid earnings growth, insider buying, and price momentum. The longest and most helpful chapter walks the reader through the numbers of IBM's 1995 annual report, analyzing the income statement, the balance sheet, and the cash-flow statement. In concert with many other similar works, Steinberg's book assumes (probably wrongly) that the average investor will be phoning company officials for clarification and information. Some of his "key element" information is most readily available in his own newsletter, which he touts often, but his book should help even experienced investors become better stock pickers.?Alexander Wenner, Indiana Univ. Libs., Bloomington
Copyright 1996 Reed Business Information, Inc.

From Booklist

Steinberg is the son of corporate raider and financier Saul Steinberg, but, at barely more than 30 years of age, Jonathan has already more than made it on his own. The Individual Investor is one of three investment publications he owns, and he has won the Wall Street Journal's regular stock-picking contest a number of times. Midas Investing explains his investment philosophy, which focuses on stocks with market capitalizations of less than $250 million, called "small caps." His five-part selection system includes looking at earnings, insider buying, momentum, and trends and themes, and it requires ongoing evaluation of selections and potential selections. Steinberg argues that small-cap investing favors the small investor "who does some homework," and he offers clear and practical tips suitable for even the novice on how to do the research necessary to complete that homework. David Rouse

Product Details

• Hardcover: 230 pages
• Publisher: Crown Business; 1st edition (November 5, 1996)
• Language: English
• ISBN-10: 081292388X
• ISBN-13: 978-0812923889
• Product Dimensions: 9.3 x 6.1 x 1.1 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,008,143 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 14 people found the following review helpful:

1.0 out of 5 stars Puh-leeze, don't make me laugh, December 16, 2001

By A Customer

This review is from: Midas Investing:: How You Can Make at Least 20% in the Stock Market This Year and Every Year (Hardcover)

This is a book written by a guy without a college education and no real experience in the financial industry. He was unusually lucky during the bull years of the 90's picking stocks on paper - and I should emphasize "on paper" because his one venture into money management ended disastrously. Since the market crash, his media "empire", along with the investments his company made, have been completely wiped out.

If you want to take investment advice from a notable failure, be my guest. Be aware that whoever wrote the editorial review probably got paid handsomely to write it.

2 of 8 people found the following review helpful:

5.0 out of 5 stars an investment classic, April 1, 1997

By A Customer

This review is from: Midas Investing:: How You Can Make at Least 20% in the Stock Market This Year and Every Year (Hardcover)

Midas Investing tells the average investor how to prosper in the market. It tells how to use strategies like insider trading, earnings, momentum and updates to beat the market averages. For beginning investors a must read book