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Smarter Than the Street: Invest and Make Money in Any Market Hardcover – October 22, 2010
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About the Author
Gary Kaminsky is the cohost of CNBC’s "The Strategy Session" and has been one of Wall Street’s savviest money managers for the last two decades. He worked at Neuberger Berman, LLC, where Team Kaminsky’s assets grew from $2 billion to $13 billion during Wall Street’s lost decade.
Top Customer Reviews
There are some interesting anecdotes about his time at Neuberger Berman, but that's memoir. I'd be very interested in a Kaminsky memoir, but this book was sold as investing advice. It's a bit of an odd fit.
The book has a clear self congratulatory tone, which gets irritating in the second half of the book. I understand the need to emphasize your successful track record to establish credibility, but it is way overdone in this book. The first thing I remember about this book is how smart and honest and (consequently successful) team Kaminsky has been over the years.
Also beware of the dishonest promotions by the author's Professional network (people who the author appears with at CNBC's fast money). During the show, these people promoted the book with the attitude of a snake-oil salesmen. Case in point, look at the first review posted by Anthony Scaramucci (who appears at CNBC regularly).
I find two of the author's advise misleading and potentially harmful.
1) The author suggests that by reading several sources of information 45 minutes a day is sufficient to get a good grasp on the direction of the financial markets, identify companies/stocks with good potential, and manage a portfolio of about 25 stocks.
This is way too optimistic. Only a Professional of 20 years (like the author himself) can do that. If you think you can succeed following this schedule, you are in for a costly disappointment.
2) The author suggests that you use leveraged ETFs as a hedge to your long term portfolio, which essentially means that you may hold on to a leverage ETF for months or even years.Read more ›
Most Recent Customer Reviews
I found the content disappointing given the grand title and glorious background of this author.
I don't feel much illuminating thoughts coming out of this book. Read more
Gary Kaminsky in my opinion is one of the few people on television that investors need to watch. Unlike many others, Gary actually had skin in the game and was a very successful... Read morePublished on January 30, 2011 by D. Bello
This book was great. Exactly what we were hoping for.
Well written, easy to read, informative and interesting.
Would highly recommend it.
I have been active in the market since 1971, read 'em all and done 'em all. This is a totally useless book in my humble opinion. Did not learn anything new at all.Published on December 25, 2010 by Thomas A. Kennedy
This is without a doubt the best investment book I have ever read....I only wish it was written 10 years ago when I started my own trading it would have saved/made me a lot of... Read morePublished on December 18, 2010 by Traverse
After reading the book I asked myself what new stuff did I learn that would help me do better and I couldn't think of anything. Read morePublished on December 2, 2010 by Amazon Customer
Mr. Kaminsky should donate the profits (if any) to his favorite charity. The inside jacket says, "The book Wall Streetd oesn't want you to read", what do they have against a good... Read morePublished on November 10, 2010 by ez