Author Steve Nakamoto spent five years on iVillage, the world's largest women's online community, serving as their Mr. Answer Man relationship advisor. Not surprisingly, the two-time Writer's Digest Award-Winning author's recent books have been in the personal development/relationship genre. But his newest book, a guide for independent investors seeking counsel in today's difficult stock market, may surprise some people. In 'Wall Street Craps,' Nakamoto writes about his nearly forty-year love affair with Wall Street and his fascination with the game of craps. Although he earned a degree in business administration/finance, 'the only things that interested me at the time were making money and investing.
'The author's varied business endeavors over the years led him to Las Vegas on multiple occasions and it was on one such trip that he was struck by the notion that playing craps was the perfect metaphor for playing Wall Street. Given this revelation, 'Wall Street Craps was simply something that I felt destined to express and create.'
In his Introduction, Nakamoto simply and clearly lays out what the reader will take away from his book. 'In my book, you'll learn a simple, yet sophisticated approach to playing the stock market. This approach uses an innovative 'crap game' metaphor to help investors quickly grasp the nuances of this challenging investment arena.' With that, the author leads the reader through ten, easy to read and follow chapters that explore what he considers to be the ten most critical areas to understand in order to accelerate one's success in the market.
The content of 'Wall Street Craps' is solid. It includes interesting background on the modern evolution of trading and investing, varied philosophies and approaches to 'the game,' and a few new twists on proven, effective strategies. I found the ideas in Chapter 3, Money Management, to be especially relevant to that subject beyond the stock market. I like Steve Nakamoto's tone and manner in writing about trading and marketing in "Wall Street Craps." He makes "the game" entertaining, fun and fairly easy to follow and understand. Despite some instances of over-hype, there is plenty of savvy substance to contemplate and empower individual investors to take a shot at the market, even if they've not fared well in the past. Since most of Nakamoto's audience will likely already perceive that Wall Street is a crap game, the book's title should play nicely to them.
Writer's Digest Book Awards
- Many valuable nuggets of tips/pointers on how to invest in the stock market are cogently presented. Adroit use of subheads makes it easy to read and absorb the material. Many relevant quotes from various luminaries add to the content. Amusing cartoons lighten the narrative. Many useful web sites are listed, and there's an excellent glossary of financial/stock market terms. Following the steps and suggestions are no guarantee of coming out ahead in the volatile stock market, but your chances should be much improved.The Midwest Book Review
- Wall Street Craps
is a no-nonsense guide to making money in the stock market. This book's simple approach emphasizes the importance of keeping a sharp mindset and not allowing one's emotions to get the better of one's judgement. Gambling analogies are nonstop for Wall Street demands just as much if not more alertness as a Las Vegas casino.
This excellent primer, filled with sound advice for playing the Wall Street game, also warns of when it's best not to play if one's finances are thin or if the game is taking too high a toll on one's physical or mental health.
2012 Global Ebook Award Winner in the category of Finance/Investments/Wealth --2012 Global Ebook Awards