To calculate the overall star rating and percentage breakdown by star, we do not use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyses reviews to verify trustworthiness.
A book clearly written as something of a children's introduction to stocks. The book makes sense, is a fairly accurate, if dumbed down, exploration of the basics of stock trading, and can provide the faintest of outlines of a method you can try to use if you want to be a day trader. But that is unlikely unless you've already got enough money that day trading is an excuse not to get an actual job. The upshot of it all is "here's how you theoretically beat the market" and "use my secret formula" which turns out to be a free online program that records trends and suggests worthwhile stocks. Sound too good to be true? The author says so himself: it is. It is an algorithm that does a slightly better job than an actual broker, which is to say it doesn't do a great job. The program has shown below average results since this book was originally released. The author implores you to stay with it because he cites data "proving" its predictions could have made you a multi millionaire from the late 70's to early 2000's, but perfect hindsight will have that effect. I don't know whether the author believed his program could make millionaires or if he even cares beyond making a quick buck from a book written in one afternoon. In all, it's a good introduction to stock trading, if you haven't hit puberty yet. I would hazard to even call it stocks 101, so you would do well to spend your money on a book with more substance, which won't be hard.
It does beat the market of that I have no doubt but where it falls at the first hurdle for me at age 63 is time. I simply do not have enough time for the strategy to work or the nerves to watch my stocks fall and hopefully rise again. By the time the market wakes up to the value in the stocks it recommends I might be dead. A brilliant book which is well worth the read. If you are on the last leg like myself you could do a lot worse than order Stan Weinsteins book at the same time. I have no doubt that if I had bought this book twenty years ago I would be a very happy and wealthy man now.
Simply explained for a beginner but biased towards magic formula which makes sense but have to have a fairly high risk appetite. This is not a book that teaches you how to beat the market through traditional means. It's more of a follow this computer driven model to make investing easy for those not interested in the intricacies of analysis. Very easy read and worth buying to gain a fundamental understanding of the markets
Joel Greenblat consegue explicar, de maneira extremamente simples e eficiente, o funcionamento de uma empresa e o seu processo de análise do ponto de vista do investidor. Ao longo do livro ele prepara uma séria de argumentos para defender o uso de um processo chamado Magic Formula para comprar empresas listadas na bolsa.
Não uso muito a Formula. Gosto de fazer analises mais profundas, já que trabalho com análise fundamentalista. Mas independente disso, o livro vale a pena ser lido, principalmente para pessoas que estão começando a estudar agora.
Linguagem bem simples, fácil de entender e engraçado. Incrível perceber que Joel Greenblat entende e domina tanto do assunto a ponto de explicá-lo de maneira que uma criança conseguiria entender.
Even you can invest without emotions and come out on top? Well not quite but close, this book gives you the tools to start as a Quant(rule based) investor but it will be up to you how you implement it. It is written for the rest of us and an easy read.
I was hoping for a book that would teach me something about the London stock exchange. This book is American and whilst I learned something that would be applicable to any stock market I would have been happier if I had learnt more about the workings of London Stock Exchange.
Very informative and great for picking current successful companies.....BUT...it wont pick you the next up and comers; that will take reading this plus other books on value investing; overall a very useful and educational book.