21 of 23 people found the following review helpful
Helps you hone your investing skills - must read,
This review is from: The Perfect Speculator (Paperback)
I learn by repetition, if I take a vacation, I sometimes have to go back and re-learn that which I thought was automatic before I left. Brad, besides talking about the selection process for new potential buys (which he keeps very simple like other reviewers have said) also discusses a daily routine, which he summarized into "20 Rules of Speculation." I found these to be very valuable.
This book helped me re-learn what William J. O'Neill discussed in "How To Make Money In Stocks." O'Neill talked about a prior run up, but I couldn't fully grasp it until I read Brad's book. Another valuable lesson for me was on p.93 where he discusses how to pyramid-add onto a position which is different from O'Neill's method. Essentially this "formula" allows Brad to exit a position without losing any money after he has already added to his initial buy.
Everything about this book is simple, and I think that's the beauty of it; I'm glad there was no fluff. I definitely recommend it, and like other's have said, think it is complimentary to O'Neill's "How To Make Money In Stocks," and Darvas' "How I Made $2,000,000 in The Stock Market."