- Paperback: 164 pages
- Publisher: Investment Publishing; 1 edition (September 1, 2009)
- Language: English
- ISBN-10: 0615287484
- ISBN-13: 978-0615287485
- Product Dimensions: 6 x 0.4 x 9 inches
- Shipping Weight: 2.4 ounces (View shipping rates and policies)
- Average Customer Review: 4.4 out of 5 stars See all reviews (43 customer reviews)
- Amazon Best Sellers Rank: #801,447 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Why Are We So Clueless about the Stock Market?: Learn how to invest your money, how to pick stocks, and how to make money in the stock market 1st Edition
Use the Amazon App to scan ISBNs and compare prices.
Frequently Bought Together
Customers Who Bought This Item Also Bought
From the Back Cover
Most people work hard for their money, and it is sad to see them lose it so quickly in the stock market. They assume that because they are successful in their careers or businesses, they will be successful in investing.
To make money as a doctor, lawyer or business owner requires a certain skill set that makes one's products or services desirable in the marketplace. Investing requires a completely different skill set.
A successful investor does not need an advanced degree in economics. He or she does not even need to be that smart. A successful investor only needs two things: 1) capital to invest and 2) the ability to recognize good companies when they are selling for less than what they are worth.
Few people find success in stock market investing because they do not know how to recognize good companies that are trading at reasonable prices. Basic knowledge of how to evaluate investments will help them make better choices when deciding where to put their money.
This book teaches investors how to recognize good companies, evaluate their current worth, decrease the chances of making investment mistakes, take advantage of Wall Street's short-sightedness, build wealth through stock market investing ... and much more.
About the Author
Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management firm that builds and manages customized investment portfolios for its clients. He is the author of "Why Are We So Clueless about the Stock Market?"
Top Customer Reviews
This book was published right after the market bottom in 2009. Skonieczny provides four case studies (BNI, MCO, WFC, THO) in which he values each using his DCF model and analyzes their moats and competitive advantages. An investment in anyone of these companies in early or mid-2009 would have provided extraordinary returns. But then again, almost any stock purchase at that time would have given you nice returns.
This book was highly recommended by Jae Jun of oldschoolvalue.com.
It gets most, or all, of the ideas from the likes of Lynch, Buffet and Graham.
What I did not like was that it only concerned itself with one type of investment. There was for example no turn-arounds or asset-plays (in the words of P. Lynch).
Thus, all in all, great introduction to value investing. But don't stop after reading this, keep going!
I would recommend F wall street as the first book to start with.