Top critical review
5 people found this helpful
Mostly self promotion
on January 28, 2016
The author does cover the background and general investing techniques of investment legends but it felt as though the author wrote the book really as an endorsement and promotion. The author owns a website where you have to pay to use the the screens and techniques outlined, they also are a registered investment advisor firm (ie they want you to invest your money with them), and they even have their own ETF that they started (an ETF is like a mutual funds but traded like a stock). So, if you want background info on investment legends and some (definitely not all) of their screening criteria then the book is a decent read. Many times in the book it'll say: this is one way this guru chose investments, if you want more info go to my website...which leads to the aforementioned.
I also found it interesting that the author discusses in the introduction that professional investors almost always underperform the market yet the authors company has paid investment website, their own ETF fund, sub-advises to a mutual fund, and has financial advisors sell their managed accounts. Although performance is admittedly short on their ETF, as of end of 2015 as well as the date I write this 1/28/2016 the ETF has underperformed on every timeframe there is including since inception, YTD, and 1 year. As someone that says not to use professionally managed money it seems ironic that they have their hand in making money from investors in so many different areas.