Customer Reviews

Why Stocks Go Up (And Down) (Fd-Investments)

5 star:		(7)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(1)

 

 

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!

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

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.

I think that this book is great for anyone who has no pior knowledge of stocks. It gives an indepth look at the stock market that is understanible and helpful.

For several years now, I've been trying to read books like Graham's The Intelligent Investor and Fisher's Common Stocks, Uncommon Profits, but was always stymied by some language that the authors seemed to just expect me to know already. I heard about this book from an interview with Michael Burry, the brilliant investor who shorted the subprime CDO market (see The Big Short by Michael Lewis), who said that it is a great book to learn the fundamentals.

It is really clear that Bill Pike has taught this subject for many years, as he seems to anticipate all the questions that a beginning investor would have and answers them in such a clear manner--clearer than any other teacher I've come across. This is how all introductory books should be written!

I purchased this straight from billpike books (through Amazon) and it was cheaper than Amazon's listed price, and came early. Now I can finally tackle the stack of investing books that I've acquired over the years AND UNDERSTAND THEM!

Excellent book on understanding the capital structure of companies and how that affects valuations. Great material!

My order shipped directly from billpikebooks - arrived early in perfect condition.

Teaches the basics. I have read a lot of books, but this was a good review of basic principles. Am going to re-read several others after this (including Benjamin Graham's book, The Intelligent Investor.
Never read SECURITY ANALYSIS, but will read that next.

Nice to review.
Victor.

but this book is not helpfull