26 of 28 people found the following review helpful
Very good guide for beginners,
By A Customer
This review is from: The Unemotional Investor : Simple Systems for Beating the Market (Hardcover)
Nice books for a beginner investor like me. Used very simple formulas, which an ordinary people could understand. The interesting thing in the book was the transition from one approach to another, which led the reader to capture all approaches in his mind by the end of the book.
Even though Sheard did not use many technical terms, I would prefer that if the book had a glossary at the end for some financial and technical terms listed in the book.
I felt that Sheard was very optimistic about the stock market, he displayed the market as a road of roses and did not give much concern for risk analysis.
Still early to judge all his approaches, as he relied on hypothetical models and history data. The coming years will prove his methods. The FAQ at the end of the book had added value to the book.
Finally, it seems that the book was written mainly to US residents, as a reader from outside US some hidden cost had been excluded from the evaluation of the approaches, like the currency exchange rate, the cost of the investment information resources.
I recommend this book for any beginner investor.