or
Sign in to turn on 1-Click ordering.
Express Checkout with PayPhrase
What's this? | Create PayPhrase
More Buying Choices
33 used & new from $4.61
Have one to sell? Sell yours here
or
Get a $0.30 Amazon.com Gift Card
F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us
 
 
Share your own customer images
Search inside this book
Tell the Publisher!
I’d like to read this book on Kindle

Don’t have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.

F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us [Paperback]

Joe Ponzio (Author)
4.9 out of 5 stars  See all reviews (13 customer reviews)
List Price: $15.95
Price: $10.85 & eligible for FREE Super Saver Shipping on orders over $25. Details
You Save: $5.10 (32%)
o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o
In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.
Want it delivered Monday, September 13? Choose One-Day Shipping at checkout. Details
20 new from $5.98 12 used from $4.61 1 collectible from $10.00

Frequently Bought Together

F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us + How to Value a Business + The Little Book That Beats the Market (Little Books. Big Profits)
Price For All Three: $44.37

Show availability and shipping details

Buy the selected items together

  • In Stock.
    Ships from and sold by Amazon.com.
    Eligible for FREE Super Saver Shipping on orders over $25. Details

  • How to Value a Business by Frank M. Singer Paperback$19.95

    In Stock.
    Ships from and sold by Amazon.com.
    Eligible for FREE Super Saver Shipping on orders over $25. Details

  • The Little Book That Beats the Market (Little Books. Big Profits) by Joel Greenblatt Hardcover$13.57

    In Stock.
    Ships from and sold by Amazon.com.
    Eligible for FREE Super Saver Shipping on orders over $25. Details

Customers Who Bought This Item Also Bought

How to Value a Business

How to Value a Business

by Frank M. Singer
5.0 out of 5 stars (1)  $19.95
The Little Book That Beats the Market (Little Books. Big Profits)

The Little Book That Beats the Market (Little Books. Big Profits)

by Joel Greenblatt
3.8 out of 5 stars (224)  $13.57
The Little Book that Still Beats the Market (Little Books. Big Profits)

The Little Book that Still Beats the Market (Little Books. Big Profits)

by Joel Greenblatt
$13.57
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)

by Benjamin Graham
4.6 out of 5 stars (176)  $12.49
The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market

The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market

by Pat Dorsey
4.6 out of 5 stars (45)  $9.50
› Explore similar items

Editorial Reviews

Product Description

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." --Warren Buffett

Investors shouldn't hate the market because of its up and downs. They should capitalize on it--and give a middle finger to those brokers wasting their time (and money) buying and selling, viewing investing as just buying stocks and not taking ownership of a company. In this book, Joe Ponzio gives an "f-you" to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in--but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one--you will profit from their long-term performance. It's the perfect guide for anyone fed up with Wall Street's bull.

About the Author

Joe Ponzio has seen the "dark side" of Wall Street. Having worked for two of the largest firms in the industry, he left the Wall Street titans in 2002 to found the Meridian Business Group, a successful portfolio management firm dedicated to performance, safety, and putting his money where his mouth is. Today, Mr. Ponzio manages individual portfolios as well as a private investment fund modeled after the early partnerships of Warren Buffett. His website FWallStreet.com is a popular value investing site and is a permanent link on CNBC.com's Warren Buffett Watch. He lives and works in Chicago, IL.

Product Details

  • Paperback: 288 pages
  • Publisher: Adams Media; Original edition (June 18, 2009)
  • Language: English
  • ISBN-10: 1605500003
  • ISBN-13: 978-1605500003
  • Product Dimensions: 8.4 x 5.4 x 0.9 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 4.9 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Bestsellers Rank: #34,576 in Books (See Top 100 in Books)
    #91 in  Books > Business & Investing > Investing > Introduction

    •  Would you like to update product info or give feedback on images?

More About the Author

Joe Ponzio
Discover books, learn about writers, read author blogs, and more.

› Visit Amazon's Joe Ponzio Page
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Search Inside This Book:
Inside This Book (learn more)
Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Search Inside This Book:

What Do Customers Ultimately Buy After Viewing This Item?

F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us
92% buy the item featured on this page:
F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us by Joe Ponzio Paperback 4.9 out of 5 stars (13)
$10.85
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
3% buy
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham Paperback 4.6 out of 5 stars (176)
$12.49
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
2% buy
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports by Thomas R. Ittelson Paperback 4.6 out of 5 stars (67)
$12.23
The Little Book That Beats the Market (Little Books. Big Profits)
2% buy
The Little Book That Beats the Market (Little Books. Big Profits) by Joel Greenblatt Hardcover 3.8 out of 5 stars (224)
$13.57
› Explore similar items

Tags Customers Associate with This Product

 (What's this?)
Click on a tag to find related items, discussions, and people.
 
(5)
(3)
(3)
(2)
(2)
(2)
(1)
(1)
Agree with these tags?
See all 11 tags...

Your tags: Add your first tag
 
See most popular tags

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more
 

Customer Reviews

13 Reviews
5 star:
 (12)
4 star:
 (1)
3 star:    (0)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.9 out of 5 stars (13 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

 
15 of 15 people found the following review helpful:
4.0 out of 5 stars Value Investing that Emphasizes Cash Flow, June 27, 2009
By Jeff Partlow (Annandale, VA United States) - See all my reviews
(REAL NAME)   
This review is from: F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us (Paperback)
I'm certainly glad that the somewhat objectionable title did not dissuade me from reading this book. The title comes from the author's contention that the brokerage and mutual fund industry is driven by their own greed. Thus, their focus is primarily on sales rather than what should be their objective, namely identifying good investment opportunities that will enhance our investment returns. Although I have no disagreement with this viewpoint, I'm pleased to report that a relatively small portion of the book is devoted to this topic. Most of the book is a practical guide to value investing.

The primary thesis can be summarized as follows: "So the key to making long-term gains in the stock market is simple. Figure out which companies will grow and buy them at a cheap price." It is easy to agree with such an objective, but how do we do that? What distinguishes this book from the myriad value-oriented investing books now available is the author's emphasis on the importance of analyzing a company's cash flow characteristics. This is a welcomed viewpoint that transcends the traditional value investor's financial ratios of P/E, P/B, and P/S.

The author describes how Warren Buffett utilized the cash flow concept of owner earnings since the mid-1980s, even years before the cash flow statement became a required corporate quarterly financial reporting document. The author uses Enron to demonstrate the desirability of analyzing cash flows in lieu of reported earnings. The two primary analysis tools espoused by the author are "Cash Yield" and "Buy-and-Hold Valuation". Historical examples using Johnson & Johnson, Coca Cola, and Microsoft are helpful in answering the when to buy? and when to sell? questions. An additional benefit from this book are the interesting, common sensical insights in the areas of portfolio diversification and also "The Psychology That Will Drive Your Investment Success".

The improvements that would take the rating from four stars to five stars would be: (1) Less repetition of a few of the viewpoints provided; (2) Reduce the terminology confusion. For example, "Cash Yield" would be more appropriately termed as "Owner Earnings Yield". The same problem with clarity exists in use of the terms "Buy-and-Hold Valuation" and "Cash Return On Invested Capital"; and (3) Rather than relying solely on historical examples of how to identify buying and selling opportunities, it would also be even more useful to the reader if a specific example of how to use the tools to identify a current worthwhile investment opportunity was provided.
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No


 
10 of 11 people found the following review helpful:
5.0 out of 5 stars Joe Ponzio Understands and Explains Buffett Better Than Others, July 1, 2009
By Rob Joseph (Atlanta, GA) - See all my reviews
(REAL NAME)   
This review is from: F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us (Paperback)
Joe Ponzio's "F Wall Street" is a true achievement in clarity and investing wisdom. Over the past 14 years, I have read virtually every book or article or essay written by or about Warren Buffett and Charlie Munger, and nothing captures the value-oriented, fundamentals driven "Focus Investing" approach of Buffett and Munger better than this well written and explained book. Ponzio, who fully gets the irony of his name being similar to the namesake of all pyramid schemes, knows of what he writes, having left high paying jobs on Wall Street disgusted with an industry that has lost any semblance of truly serving the average investor to start his own firm dedicated to providing honest, long-term financial advice to average and well-heeled investors.

Ponzio starts simple, explaining the integral parts of Buffett's "follow the cash" approach to screen truly good long-term businesses from weak ones, then goes on to nuts and bolts of how to properly value a business using discounted cash flow analysis -- all in accordance with Buffett and Munger's advice. He then goes on to analyze how to execute another favorite Buffett approach -- merger arbitrage or "workouts" -- in a way that makes this somewhat more advanced tactic accessible to the more ambitious individual investor.

What sets F Wall Street apart from other books is it's clear to read style, and its ability to boil down essential and somewhat complicated value-investing concepts into easy to understand principles -- much like Buffett himself in his annual letters to shareholders. But Ponzio is not just another commentator -- he is a true practitioner of Buffett's art, with a comparatively short-term (a few years) but so far impressive results in his portfolio based on the approaches espoused in the book. More on his portfolio can be seen on his blog[...]. The blog offers much of his principles for free and is worth visiting, but the book is well worth the price for bringing all the principles together in one place and bringing the reader through the base-logic all the way through the more advanced concepts in a logical progression.

In my view, having read all of the books on Buffett from Hagstrom to Mary Buffett to Lowenstein, this book does a better overall job of capturing the nuts and bolts of Buffett and Munger's approach, though the others are worth reading as well to round out one's knowledge of Focused Investing.

I am in no way affiliated with Joe Ponzio or his firm. I am simply very impressed with someone who has so well captured Buffett's "Focused Investing" approach, and shares Buffett's passion for educating his fellow man.
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No


 
4 of 4 people found the following review helpful:
5.0 out of 5 stars A Gem of a Book!, July 8, 2009
By Jonathan Watson (Los Angeles, CA USA) - See all my reviews
(REAL NAME)   
This review is from: F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us (Paperback)
I have read many books on investing; my favorites include Graham's Intelligent Investor and Security Analysis as well as Fisher's Common Stocks and Uncommon Profits. This book ranks right there among them. In a clear, concise manner Mr. Ponzio takes the reader through the steps required to understand investing, value businesses, and purchase securities. Appropriate for beginning investors, but with valuable information for even the most seasoned- I highly recommend this book! If you are looking for a place to start learning about investing, purchase this book and Graham's Intelligent Investor. If you have read a ton of books about investing, you still need to read this book!
Help other customers find the most helpful reviews  
Was this review helpful to you? Yes No

Share your thoughts with other customers: Create your own review
 
 
 
Most Recent Customer Reviews

5.0 out of 5 stars A Great Read....
This book has changed my whole approach toward managing my own investment portfolio. The author knows how to present information for this complicated subject in a easy to read... Read more
Published 4 days ago by JRM Book Reviewer

5.0 out of 5 stars Joe Ponzio puts value investing into perspective
I've read quite a few books on investing and I honestly have to say that this book really put value investing into perspective for me. Read more
Published 7 days ago by The Poor Trader

5.0 out of 5 stars Makes investing much simpler!!!
This is a great book for new and veteran investors. It breaks everything down to where it makes sense. The cash flow technique is really helpful and is done in detail. Read more
Published 1 month ago by IG

5.0 out of 5 stars It works
This not only makes money, it is "safe" (caution that word has many meanings). It is a simple theory. Buy low, sell high. Read more
Published 4 months ago by Kevin J. Mcfadden

5.0 out of 5 stars Must have for Value Investor
This should be a must read for anyone who wants to invest in stock by themselves. Joe goes through step by step process of analysis and investing in stocks.
Published 4 months ago by Saji Mathew

5.0 out of 5 stars It's all about the CASH!
This is good straight shooting book for novice investers, actually some so called pro's should read this. Read more
Published 4 months ago by C. Schalm

5.0 out of 5 stars You cannot afford not to know the information in this book
If you still think that your broker or mutual fund has your best interest in mind, this book will be a wake-up call for you. Read more
Published 13 months ago by Mariusz Skonieczny

5.0 out of 5 stars Great New Book
As a financial planner for the last 7 years, I thought I was pretty set in my ways. That was until I read F Wall Street. Mr. Read more
Published 14 months ago by James Robeson

5.0 out of 5 stars Wall Street makes money from the investor, not for the investor.
Joe Ponzio does us all a favor by dissecting the analysis of a company. From what numbers matter most on a balance sheet to the rhetoric we should ignore from Wall Street, Joe... Read more
Published 15 months ago by Dennis

5.0 out of 5 stars Few Honest Investors Left
I have to be honest- when I purchased this book I had no idea who the author was, I just liked the title after the year I have had in the market. Read more
Published 15 months ago by Wall St. Hawk

Only search this product's reviews


Customer Discussions

This product's forum
Discussion Replies Latest Post
No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
 


Active discussions in related forums
Search Customer Discussions
Search all Amazon discussions
   


Look for Similar Items by Category

Look for Similar Items by Subject

Search Books by subject:

















i.e., each book must be in subject 1 AND subject 2 AND ...
 

Feedback

If you need help or have a question for Customer Service, contact us.
 Would you like to update product info or give feedback on images?
Is there any other feedback you would like to provide?

Your comments can help make our site better for everyone.


Your Recent History

 (What's this?)

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.