This guide to how to invest demands no background in stock market investing, finance, or economics. Starting with the inception of a company, the book presents basic investment concepts and the basics of financial statements, public offerings, and price/earnings ratios.
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Book Description
Editorial Reviews
Review
Why Stocks Go Up (and Down) provides a sound understanding of the fundamentals of investing in stocks and bonds. The book details the basics of financial statements, public offerings, price/earnings ratios, cash flow, earnings dilution (a key concept) and more. It presents the knowledge that is necessary to get the most from many other investment books which attempt to convey wisdom without first conveying adequate background knowledge. The book is the outgrowth of the introductory course the author taught for many years for the Boston Security Analyst's Society. This book lives up to its subtitle, "The book you need to understand other investment books." --From the Publisher
About the Author
Bill Pike is a former stock and bond fund manager at Fidelity Investments. He has taught the Boston Security Analysts' Society's introductory investments course for over 15 years.He is an M.I.T graduate with an M.B.A. from Columbia.
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Most Helpful Customer Reviews
11 of 13 people found the following review helpful:
5.0 out of 5 stars
Excellent first book on investments,
By A Customer
This review is from: Why Stocks Go Up (and Down) (Paperback)
I have been a professional money manager, in charge of over $5bil. in international funds. This was the first book I read on the subject of stocks, over 15 years ago, and I still think it's one of the best: lucid, friendly, non-patronizing. It dares to cut through the obfuscating language of the profession and the tons and tons of blah, blah, blah, and answer that basic question, "What is a stock?" This is the one book I'd recommend to anyone wanting to find the answer, complete beginner and seasoned veteran alike. (I am constantly surprised to find out that even professionals can't give a clear answer to this question; and the market's behavior over the past 2 years suggests that many never knew it in the first place.) To first-time readers, I envy you; good luck on your journey!
3 of 4 people found the following review helpful:
5.0 out of 5 stars
An Amazing Book,
By A Customer
This review is from: Why Stocks Go Up (and Down) (Paperback)
I have read multiple, as well as a variety of books over the past fifteen years,since I started to invest in the market.I read the first edition many years ago, and I read the latest edition several months ago. The excellence continues.You will not learn technical analysis, but you sure will learn the basis of fundamental analysis in a lucid and highly stimulating manner. Use this book as the foundation and then use any of the multitude of books out there to expand this basic knowledge.When you further your reading it will be done with a sound basis in fact. Good Hunting
2 of 3 people found the following review helpful:
5.0 out of 5 stars
Great Primer,
By J02446 "j02446" (Boston, MA) - See all my reviews
This review is from: Why Stocks Go Up (and Down) (Paperback)
This book is very useful for anyone who wants to learn about the work that an equity research professional does. I think it's excellent.
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Inside This Book
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First Sentence:
Our story begins in late 1993, when Mr. Jones had the inspiration that he could build a better mousetrap. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
liquidating preference, total ownership equity, inventory writedown, selling new stock, liquidating value, book value per common share, unregistered stock, convertible issues, nonconvertible bonds, tangible book value, common dividend, earnings dilution, finished copper, why stocks, deferred expense, cash flow from operations, capital spending program, primary offering, cheaper stock, preferred dividend, redemption date, subordinated debentures, dilution calculation, assets portion, four investors Key Phrases - Capitalized Phrases (CAPs): (learn more)
Wall Street, New York Stock Exchange, Goldman Sachs, Plant Number, Equity Current, General Motors, National Market, Actual Forecast, American Stock Exchange, Assets Liabilities Current, Capitalization Long-term, Capitalizing Assets, Internal Revenue Service, Jones Mousetrap Company, Federal Reserve, Financing Growth, Ownership Equity Paid-in, Stock High New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Our story begins in late 1993, when Mr. Jones had the inspiration that he could build a better mousetrap. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
liquidating preference, total ownership equity, inventory writedown, selling new stock, liquidating value, book value per common share, unregistered stock, convertible issues, nonconvertible bonds, tangible book value, common dividend, earnings dilution, finished copper, why stocks, deferred expense, cash flow from operations, capital spending program, primary offering, cheaper stock, preferred dividend, redemption date, subordinated debentures, dilution calculation, assets portion, four investors Key Phrases - Capitalized Phrases (CAPs): (learn more)
Wall Street, New York Stock Exchange, Goldman Sachs, Plant Number, Equity Current, General Motors, National Market, Actual Forecast, American Stock Exchange, Assets Liabilities Current, Capitalization Long-term, Capitalizing Assets, Internal Revenue Service, Jones Mousetrap Company, Federal Reserve, Financing Growth, Ownership Equity Paid-in, Stock High New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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