Take Stock: A roadmap to profiting from your first walk down Wall Street. [Paperback]

Ellis Traub (Author)

Book Description

Publication Date: October 25, 2000

This book empowers the individual investor by showing how to technically chart and then analyze the critical items that fundamental analysts use.

Elegant in its simplicity, the author's message is especially welcome for those who still believe in a long term, buy and hold stance that doubles your profits steadily and surely. Written for those who are new to investing, as well as for those who've yet to take their "first walk down Wall Street", this book presents a sound but simple savings strategy.

Editorial Reviews

Review

"Ellis Traub has NAIC's method of selecting stocks from a fundamental approach and explained it well." -- Kenneth S. Janke, President & CEO National Association of Investors Corporation

“...[Traub's] new book is greatly anticipated by all who have known and learned the fundamentals of stock investing from him.” -- Ann Molison, an individual investor from Fort Collins, Colorado

“A brilliantly written fascinating story of one man’s journey to a knowledge and successful use of investing methods that work.” -- Thomas E. O’Hara, Chairman of the Board of Trustees, NAIC

“Ellis Traub has written an investment guide that will interest all investors..." -- Stephen Sanborn, Director of Research, Value Line Publishing, Inc.

“Ellis Traub is a treasured resource for and among long-term investors." -- Candis King, a financial columnist from Wheaton, Illinois

From the Author

I lost nearly everything I had in the stock market years ago---and was scared out of investing for many years. So I wrote this book to share with others the simple truths that could have made a huge difference for me had I known them then---things that work for me now.

Successful investing is not "rocket science." And the NAIC (National Association of Investors Corporation), a 50-year old, non-profit organization proved to me that anyone can do it---even people who knew as little as I did. I've simply tried to pass on what I've learned in as easy-to-understand a way as I could. My hope is that each book that gets into someone's hands represents one more person that will avoid my unhappy experience and enjoy success earlier in life than I did.

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Product Details

• Paperback: 264 pages
• Publisher: Kaplan Business (October 25, 2000)
• Language: English
• ISBN-10: 0793141494
• ISBN-13: 978-0793141494
• Product Dimensions: 9 x 7.3 x 0.6 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (16 customer reviews)
• Amazon Best Sellers Rank: #586,090 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 17 people found the following review helpful:

5.0 out of 5 stars A wonderful "first investing book", January 23, 2001

By 

Brian Lewis (Bellevue, WA United States) - See all my reviews

This review is from: Take Stock: A roadmap to profiting from your first walk down Wall Street. (Paperback)

Ellis Traub has gotten it *just* right: a beginning investing book that isn't so basic that it doesn't say anything (experienced investors can get a lot out of this), yet is very approachable and easy to read. The basic philosophy of "buy quality growth stocks at a reasonable price" is clearly illustrated - - - he doesn't just talk general philosophy, but instead shows you exactly how you can do your own stock analysis.

This approach to investing has long been a core part of the success of the "investment club" phenomenon, but with "Take Stock" Ellis makes it available to everyone. I strongly recommend this book to anyone who is interested in investing in the stock market.

15 of 16 people found the following review helpful:

5.0 out of 5 stars Must Reading for More Successful Investing, November 18, 2000

By 

Dan Hess (Raleigh, NC USA) - See all my reviews

This review is from: Take Stock: A roadmap to profiting from your first walk down Wall Street. (Paperback)

Ellis Traub has reduced the complexity of stock market investing to simply how to identify good companies worthy of purchase and then how to buy them at an appropriate price. He explains in simple and easy to understand terms what constitutes a good company and good value. He starts very basically by listing mistakes he has made so others can avoid duplicating these and in short order how to become a more successful stock market investor. I wish Take Stock had been available to read before making my first investment.

I especially liked his new investing term "technamental" which applies technical graphic methods to fundamental analysis. Simply stated he uses the pictorial aspects of graphics to enable easily identifying how to recognize aspects of good companies and good value.

This is must reading for both the new investors as well as the investor who may wish to improve their investment batting average. His easy to understand step by step methods should enable all investors to improve their investing performance.

18 of 20 people found the following review helpful:

5.0 out of 5 stars A TRULY UNIQUE BOOK ON INVESTING, November 29, 2000

By 

JimBo (Ann Arbor, MI USA) - See all my reviews

This review is from: Take Stock: A roadmap to profiting from your first walk down Wall Street. (Paperback)

When I say unique I genuinely mean unique. I challenge you to find another book on investing that gives you an entirely specific METHOD for evaluating growth companies for investment. You can find lots of investing books that tell you all sorts of good general principles about investing, but then they leave it up to you to apply these principles. "Take Stock" presents a completely specific method, step by step, and provides you with a CD containing software allowing you to apply this method on your computer. (Instructions for non-computer users are there too.) The method is essentially automated so you can use NO personal judgment at all or as much personal judgment as you wish.

The book is written in plain straight-forward sentences and is remarkably easy to understand.

The method it describes selects companies very, very conservatively too. This is extremely important because if the method were too "loose" it would encourage beginning investors to make too many mistakes. As Traub points out it is better to be overly conservative and be surprised at better than expected performance of your portfolio, than to be risky and lose money too often. His method will lead you to invest in only the most consistently performing growth companies.

So do yourelf a favor and buy a book on investing that really tells you how to do it!