Review: No mumbo-jumbo, it's short and to the point
Rating: 5 out of 5
Date: 08 25, 2012
I'm retired now with most of my income derived from a pension. I don't do a lot of investing, and when I do, it doesn't involve large sums of money. Nevertheless, my curiosity was piqued when I noticed this little book purporting to distill the secrets of investing down to only 16 pages.It's a very different approach to investing than what I was taught many years ago. The book makes a case for focusing on the price of the stock, not the company's performance, with the preferred stocks having strong upward momentum. The logic behind this approach presumes that stock prices are governed by the same laws of supply and demand that affect other commodities. A real-world example was examined, which focused on the optimum price to buy shares, as well as advice on setting a stop loss price to minimize losses.With minimal experience in investing, I can't comment on the validity of evaluating stocks by the methods proposed in the book, but the author did present a convincing argument. Whether it's compelling enough to persuade a reader to actually invest in this manner, you'll have to decide for yourself, but it's an interesting proposition.Note: My 5-star rating is not intended to imply that I agree with or endorse the investing advice recommended in the book. The rating is for the quality of the writing and the logical case that the author of the book made to support his/her approach to investing in stocks.