Customer Review

3 of 5 people found the following review helpful
5.0 out of 5 stars A Masterful Book. Simply Extraordinary!, April 17, 2009
This review is from: The Winning Investment Habits of Warren Buffett & George Soros (Paperback)
This is something I rarely do, but I am compelled to write a review for this marvelous investing book. I have been trading and stock buying for about a year now, under the very careful tutelage of a great friend who has worked on Wall Street for 15 years, very successfully too.

All of my trades are real inside information. I trade options too, but at the end of all the time and effort, I have barely covered my transaction costs. Of course, I have made mistakes, and made my own choices as well, but looking back as I combed through the many many trades I did this year whilst filing my meagre tax return, it dawned on me that over 60% of the ideas I had were good, and would have been winners, but I suffered from a couple of fundamental flaws, which plague most people who delve into the markets.

I didn't feel as though I deserved to make money. Maybe it seemed too easy. Maybe I was taught to have great respect for the market... to treat it like a seven-headed serpent. And I did. I took very small, careful positions, and sold very soon after I had made a small profit. Conservative. Safe. No risk. Cut losses immediately.

Most of my small winnings were given back with ill-thought out options trades, just trading through boredom, or taking a stab at something that looked likely to happen.

However, without saying too much more, I can honestly say that over the last year, there were about 3 trades I did that were absolutely 100%, couldn't fail, homeruns. They were obvious winners. But again, I got in small, "saved my powder" and took a profit early.

This book, which is how Warrren and George Soros trade and invest, has turned my entire world upside down, and for the first time since I started trading, I actually feel as though I can make some SERIOUS money in the markets.

This book is a goldmine, filled with strategies that go against all the conventional wisdom, and what's so amazing, is that after you read this, you almost feel sorry for those poor little investors that spend their life trading with little amounts, across a wide range of stocks.

.... "I only have about one great idea a year, and I won't do anything until I find that idea. That's when I act. It has to meet every one of my criteria, and if it does, I buy as much as I possibly can." --Warren Buffett.

Best of luck,
--James
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
 


Review Details

Item

Reviewer


Location: LONDON

Top Reviewer Ranking: 4,470,899