Battle for Investment Survival

second hand product was delivered

The advice in this book is still valid, if you want to invest you need to be involved. The book is a guide not a 100% fool proof get rich quick scheme. Its a guide for retail investors to start planning for success. You will need to read other books about successful investors to find a precise strategy like How to make money in stocks by William O'Neil for example. I like this book because it gives me confidence that what is happening today has happen in the past and will repeat itself. Fast enjoyable read.

empfehlenswert. Man merkt, dass ein erfahrener Praktiker am schreiben ist. Die Börse ändert sich nicht, alles immer wieder gleich im Zeitablauf.Eins meiner Leiblingsbörsenbücher (und ich kenne seeeehr viele).

This is the book Nicolas Darvas and William O'Neal both used as their "Bible" in stock trading as they both made millions. Since these men are my mentors through their writing and I admire both of them I had to read this book. I was not disappointed after years of reading and trading this book took me to a new level and improved my style. If you only take away a few principles from this book it will pay for itself many times over, if you study it and use it with dedication you will eventually become a millionaire through smart investing. Gerald Loeb was a top broker for E. F. Hutton and also made a fortune in his own account. He opened my eyes to very important concepts and made them clear. For one, stocks are for selling, people buy them so they can later sell them for a profit. So what we are looking for is simply a stock that others will buy in hopes of a future profit. A stock's prices do not top out at the height of the underlying businesses fundamentals, they top out when expectations for the the future is the highest. We should not look for a $1 profit on a thousand shares of a stock it would be better to look for a $10 profit on 100 shares. We should not even risk our capital on a stock unless it has the potential to increase by at least 50% in a reasonable time maybe 12 months. Do not over diversify for portfolio he agrees with Warren Buffett that we should but all our eggs in one basket and watch that basket carefully. It is actually safer to invest with companies you know inside and out. Buy a stock by starting with a small initial buy, if the stock goes up by more, but only buy after your first purchase makes you money, if it does not sell because you were wrong. This is a small taste of the wisdom this man has given us with his 40 years of experience. This book was originally written in 1935 with its last update coming in 1965 its wisdom is priceless and timeless. This edition by Wiley investment classics is nice and will be the center piece or your stock trading library and one of the few you will ever need.

Delivered as promised

A must-read for all investors.