Book Description

"Everyone knows Warren is the greatest investor of our time. . . .This book for the first time captures his genius as a manager."
–Jack Welch

"Everyone who reads it comes away singing its praises"
–Warren Buffett

Much has been written about Warren Buffett and the philosophy that made him the most successful investor in history, yet nothing–until now–has been written about his role as manager of the diverse companies under Berkshire Hathaway’s ownership.

Berkshire Hathaway expert Robert Miles explores the hands-off management style that has proven so successful for both Buffett and Berkshire Hathaway. Including rare interviews with executives who run the companies within Berkshire Hathaway holdings, The Warren Buffett CEO provides a unique insider’s perspective from managers such as:

• Lou Simpson and Tony Nicely, Presidents and CEOs of Capital Operations and Operations, respectively, Geico
• Ajit Jain, President, Berkshire Hathaway Reinsurance Group
• Richard Santulli, Founder and CEO, NetJets

Besides revealing the successful management style of the powerhouse holding company known as Berkshire Hathaway, The Warren Buffett CEO sheds light on the company’s future as well as on who will succeed the "Oracle of Omaha" when he steps down. You may never get to work with Warren Buffett, but in reading The Warren Buffett CEO you will understand what it is like to work for "the best boss in the world." ... Read more

Reviews (21)

The soft facts of Buffett's success.
Robert Miles's most recent book grants overwhelming insights into the Buffett style of management.
Though having also been interested in the usually finance driven literature on Warren Buffett, I always missed to learn more about the soft facts in the incredible success story of Berkshire Hathaway.

This book perfectly filled this gap!

According to me, the chapter "Buffett CEO Compensation" is particularly interesting if one considers the current management desasters caused by the "motivation" tool called stock-options. Miles has prepared a good overview on Buffett's convincing anti-stock-option arguments and describes how Berkshire Hathaway compensates its CEOs with cash only. Very clear and very simple, as most of Buffett's fundamental rules.

Highly Recommended!
Robert Miles knows Warren Buffett, and it's clear that he also knows a thing or two about the people who run the companies in Buffett's Berkshire Hathaway. Armed with information gleaned from eight months of intensive interviews, Miles uncovers what makes a Berkshire manager tick, and covers the workings of Berkshire, itself, as well. Writing through the voices of the CEOs he portrays, Miles skillfully weaves the colorful histories of 18 firms into a revealing set of success stories. Many tales are similar - the CEOs love their companies; they worked hard to build solid businesses and no one regrets selling his firm to Berkshire. They all sound genuinely happier than you might possibly believe, and each chapter has business models you shouldn't miss. We invite any executive to enter these pages for an insider's view (still, it doesn't hurt to remember, they all knew Warren was gonna read it).

A Pedestrian Book Saved Only by the Managers Themselves
Thank goodness Berkshire Hathaway is populated by so much management talent. Even Robert Miles' mediocre writing and pedestrian insights can't obscure the real value of this book, which is to document, in a detailed and therefore fairly convincing way, Warren Buffett's exceptional ability to choose and motivate people.

Buffett's techniques for dealing with people are well-known (he talks about them constantly) and this book has almost nothing really new to reveal, but Berkshire junkies will enjoy the anecdotes and facts that bring Buffett's concepts to life in a more concrete way. Even though many of the stories are recycled, hearing a few of the managers speak in their own words and tell their own versions is revealing. That Buffett himself made a kind remark about this book is unremarkable. What else could he possibly say about a book that features some of his key people? Bottom line: this is definitely a book for those already familiar with, and enthusiastic about, Buffett.

Miles' publisher, Wylie, has created a virtual industry out of quickie trade books about Buffett. Wylie's new twist in this book is the Berkshire managers, who provide whatever shine it emits. But somewhere along the way, a mighty big assist must have been delivered on the editorial end to tone the writing style down into something publishable. How so? Miles himself comes across as one of the most self-aggrandizing, uber-promotional, un-Buffett-like people imaginable. That someone could write about Warren Buffett, with seemingly so little concept of what the man is about, is amazing. It wouldn't be the first time Buffett's name has been exploited by someone who barely knows him, but Miles takes exploitation to a whole new extreme. The Robert Miles web page, which reminds one of a three-card monte dealer or perhaps, one of the more gelatinous used car salesman types, speaks for itself. The headline, "You May Never Meet Warren Buffett, But Hear Robert P. Miles Speak and You'll Feel Like You Have" says it all. If you want to read a book about the value of humility by an author who has the nerve to compare himself to Warren Buffett, well, this is that book.

Highly Recommended!
Robert Miles knows Warren Buffett, and it's clear that he also knows a thing or two about the people who run the companies in Buffett's Berkshire Hathaway. Armed with information gleaned from eight months of intensive interviews, Miles uncovers what makes a Berkshire manager tick, and covers the workings of Berkshire, itself, as well. Writing through the voices of the CEOs he portrays, Miles skillfully weaves the colorful histories of 18 firms into a revealing set of success stories. Many tales are similar - the CEOs love their companies; they worked hard to build solid businesses and no one regrets selling his firm to Berkshire. They all sound genuinely happier than you might possibly believe, and each chapter has business models you shouldn't miss. We invite any executive to enter these pages for an insider's view (still, it doesn't hurt to remember, they all knew Warren was gonna read it).

Great book about the inner workings of BRK
Skim through the back of the 2002 annual report, and you'll see a list of the dozens of operating subsidiary companies within Berkshire. To my knowledge, this book covers the managers of these companies in more depth than any other book. It is essential to learn about these managers because among them will be chosen the successors of Mr. Buffett. Personally, reading this book gives me confidence in the future of Berkshire in the post-Buffett/Munger era. I especially liked the chapter on Ajit Jain, who has not been covered by other books. This book is an absolute must read for those planning on holding their Berkshire shares forever. ... Read more

Reviews (5)

Every Investor Should Read This Book
Like every book by Nick Murray, this book is excellent. As a financial advisor, this is one book that I would certainly give to every one of my clients and recommend to anyone else, but not for the reasons given in the previous review.

Statistics show the the average mutual fund investor consistently underperforms the mutual funds that he or she owns. Why? Because they sell AFTER the fund has dropped 10% and buy back in AFTER the fund has risen 10%. After five years, the fund has delivered 10% average annual returns, yet the investor has achieved only 5-7% average annual returns (or worse). Murray correctly believes that the secret to long-term investment success lies in the investor's behavior, not in his ability to pick the best stocks or mutual funds. In this, and every other book by Nick Murray, he teaches investors how to fight their emotions and look beyond short-term performance to become better long-term investors. He preaches about the wisdom of dollar cost averaging and about buying stocks when they are "on sale."

Murray also supports his bias toward equities with a clear, concise explanation of the "real" risks that every investor faces. Every investor will get something out of this book.

Sales Material
Nick Murray is the financial service industry's God. His book, The Excellent Investment Advisor is on every successful financial advisor's shelf. (...) Most people who buy this book are financial advisors who then give it to their clients, particularly the ones who are beginning to notice that the best that their advisor can do for them is match the market's return, and will thus underperform the market by however much he charges in fees. The marketing technique of Murray is to shift the client's attention off of performance and smother the client with confidence in the trust of their relationship. This book was written toward that end. If you read this sales pitch from the industry's God, then I suggest that you also read the advice of the industry's Devil: Jack Bogle, the founder of Vanguard Group, particularly his latest - Common Sense on Mutual Funds. Go to the index and make sure that you read what he writes on "wrap accounts"

Must read for clients of financial advisors!!!
This book, simply and conveniently, describes necessary investor behavior to accumulate wealth. This is a great book for financial advisors to send their clients and prospects to easily explain the "trick" to wealth accumulation and preservation. Some of the concepts and charts clearly illustrate what most of us try, sometimes in vain, to educate our clients about. Excellent tool for financial advisors. I highly recommend this!!!

Excellent Investment Book
Nick Murray does a great job of explaining the concept of investing in mutual funds to creatate wealth. This book is simple and easy to read, a great book for a beginner. The internet has made investing very complex, Nick Murray has made the process simple.

Simple Plan, Great Advice
As the name implies, creating wealth truly is simple, and inevitable, if you stick with a plan. This book gives novice investors a guideline for how to get started and to create a plan for creating wealth that you can't outlive and still leave some money to your heirs. I have read several of Nick Murray's books, but this one is the first intended for the general investing public. As usual, as only he can, Nick takes a rather complex subject, and simplifies it so that the average investor, or beginning investor, can understand. If you are looking for the "hot" fund or for a get rich quick scheme, this book is not for you. However, if you are interested in putting together a plan to create the wealth that you desire, I think this book is for you. An easy to read handbook for disciplined investors. ... Read more

Book Description

MARTIN PRING ON TECHNICAL ANALYSIS

McGraw-Hill's Martin Pring on Technical Analysis series introduced individual investors to the value and legitimacy of technical analysis­­helped by the worldrenowned Martin Pring brand. Each book focuses on explaining and demonstrating one of the key tools of technical analysis, while the interactive CD-ROM/workbook format helps traders develop their technical analysis skills.

The Martin Pring on Technical Analysis series is a compelling new chapter in supplying accurate, timely information to technical traders everywhere while, at the same time, introducing traders to the foundations and proven methods of technical analysis.

Today's volatile markets are tailor-made for day and swing traders, who are realizing that the disciplines and precision of technical analysis are the ideal fit for this high-pressure, analytically rigorous form of trading. Technician's Guide to Day and Swing Trading is a complete handbook for day and swing traders looking to improve their understanding of market dynamics, uncover securities with the highest probability of substantial, near-term price movement, and then select profitable entry and exit points with greater precision than that afforded by fundamental analysis alone.

Reviews (2)

Combination Book & Video Presentation
The "Technician's Guide To Day & Swing Trading" by Martin J. Pring has a great CD presentation. The CD presentation covers the same information in the book chapter by chapter. I found the CD presentation much easier to understand than reading the book.

The book combines technical indicators with tips for day and swing trading under different market conditions. Overall, I would highly recommend this combination book and CD to anyone that wants to make money in the stock market. From my own experience, the material sets reasonable expectations and does not make false claims on making easy money in the stock market over a sustained period of time.

Excellent introductory book
Whatever one thinks of technical analysis, even a died-in-the-wool fundamental and value investor trembles at the thought of going against the famous "head-and-shoulders" pattern. This book will give you an excellent background in the basics without overwhelming you with a lot of technical detail. The book discusses everything from moving averages and Bollinger Bands to oscillators such as relative strength, MACD (moving average convergence-divergence), ROC (rate of change), the parabolic indicator, and Pring's own proprietary KST indicator, and so on. Also, the included CD contains a four-hour video presentation on the most important topics. Pring says in the introduction that, in contrast to most CDs in books, which are throw-aways, the CD is actually the most important thing and the book is the "throw-away." In any case, there is a lot of value and information here between the book and the CD and overall this is a fine book to get you to the next level in terms of your trading expertise. ... Read more

Book Description

With the low cost of modern computer hardware and software combined with the communication of price data via satellite, a new and rapidly expanding market of traders using computers has developed. This essential book bridges the gap between the basic instruction that comes with software programs and what a trader actually needs to know to develop and text profitable futures trading system. With specific information on how to set up and use computer-generated technical studies of the most popular indicators, the book includes: How to build a trading system tailored to the reader's specific need; Practical instruction on how to display and analyze technical information; Advice for developing well disciplined money management and risk control strategies; techniques for monitoring a trading system to detect if something has gone wrong before major losses occur. ... Read more

Reviews (6)

Excellent Book
This book gets a 4 stars rating because of its expensive price (the book is only 220 pages and full of empty spaces). But, price is always subjective. You may treat it as the cost of your education.

Anyway, what makes this book so very valuable is the fact that it is easy to read, clear, definitive, and yes it has so many valuable information on what parameters to use for each indicator. How many of you left confused on what parameters should be used? This book will definitely clear away the clouds in your mind.

LeBeau has done extensive research on indicators such as ADX and his insights on other popular indicators are extremely valuable.

The title may be slightly misleading because bulk of the contents is explaining each technical indicator (120 pages), while only 45 pages on explaining how to build a trading system. Yet, it is clear and concise.

The final Chapter is also valuable. It deals with 12 Day Trading systems that the author has selectively chosen out of all day trading ideas he has or has received from other great traders.

ok
If you like this sort of thing sure go for it. I don't but well written

Many concrete tips
I only discoverd this pretty old book recently. I am suprised to find there are quite a lot of trading tips. What make this book stands out of the crowd is the tips were very concrete and practical. The discussions about exit and stop loss are parcticular good. Many other books just said cut the loses quick. How quick? When? This book gives you some hints. The authors also give some tricks in using indicators which I hope I could know earlier.

You should buy this.
I know Charles Lebeau. He does occasional system seminars with my father Dr. Van K. Tharp one of the "Market Wizards" and author of Trade Your Way to Financial Freedom. Charles Lebeau is a great trader. When anyone ask me about a technical indicators book this is the one. Charles is very through. He noticed the best traders in the industry are usually right 30% to 40% of the time. They just cut their losses short and have these huge winners. Charles tested most of the major indicators against random entry i.e. (Flipping a coin) most of them don't do any better. Your exits, psychology, and money management determine if you are making money or not. Don't pay too much attention to your entry. This book explains his results and how to use each indicator. Almost any indicator will work with proper money management. I done well even with flipping a coin and the right stop. The indicator best for you is one you feel comfortable with and will stick with. BUY THIS BOOK and hopefully what I wrote may make some sence to you.

Decent Info on TA
This book is nothing special. I really disagree with the author's interpretation of the ADX indicator. Absolute level is far more important than slope. The day trading systems shown will lead you to the poor house in no time. Presents some novel ideas though. ... Read more

Book Description

THIS BOOK HAS BEEN RECENTLY UPDATED TO INCLUDE ALL OF THE NEWEST ETFs OFFERED AND AN UPDATE ON THOSE ETFs FOR WHICH COVERED CALL WRITING IS NOW AVAILABLE.

"COVERED CALL WRITING WITH EXCHANGE TRADED FUNDS (ETFs)" is a tutorial investment program designed for investors who utilize Exchange Traded Funds (ETFs) and who desire to learn about and implement a covered call writing strategy to achieve conservative double-digit returns.It is primarily for investors who have some knowledge of stock market and Exchange Traded Fund investing but are new to covered call writing. As a companion book to "COVERED CALL WRITING DEMYSTIFIED" for ETF investors, it simplifies, fully explains, and instructs investors on how to use covered call option writing on ETFs.The program outlined in the book offers perhaps the single best opportunity to achieve double-digit investment returns in the slow growth or no growth stock market expected by many experts in the future.This strategy works best in such a market environment.The investment approach of writing covered call options, a more conservative investment strategy than just owning ETFs alone,!has been available for decades.Until now, however, it has often been unknown or misunderstood by many investors, especially its use in conjunction with ETFs.

Why is "COVERED CALL WRITING WITH EXCHANGE TRADED FUNDS (ETFs)" needed? Many nationally recognized investment experts believe that the U.S. stock market in the future will most certainly produce significantly lower returns than the high returns of the past for many years to come.Some noteworthy examples:

* "The long-term prospects for equities in general is far from exciting." - Warren E. Buffett, The Chairman’s Letter, Berkshire Hathaway, Inc. 2000 Annual Report, Page 3

* "Over the next century you should expect your share prices to average 6% (return) a year. Over the next five years, ten years, I think you’ll be lucky to come out even on share prices." - Sir John Templeton, pioneer in the mutual fund industry, Business Center, CNBC TV Interview; October 1, 2001

* "The Dow has gone absolutely nowhere for three, coming on four years now.I think this will last maybe for another ten years." - John Bollinger, noted technical analyst and creator of the "Bollinger Bands," CNBC TV Interview; October 29, 2001

"COVERED CALL WRITING WITH EXCHANGE TRADED FUNDS (ETFs)" is unique because:

(1) A list by category of all Exchange Traded Funds is provided, specifically indicating those ETFs that offer covered call writing. Each ETF on which covered call writing is available is ranked according to the extent of call option writing choices available and the volume of option trading to assist investors with selection of the best alternatives for covered call writing. Other information about each ETF is also provided.

(2) A detailed investment program is outlined for personal implementation to assist investors in achieving consistent double-digit returns utilizing covered call writing on Exchange Traded Funds.This investment strategy is most effective in a slow growth or no growth stock market, the kind of market projected in the future by so many investment experts.

(3) The entire subject matter is centered on a focused area of standardized options...covered call writing on ETFs an investor owns or acquires in the future.

(4) A complete education on the subject is provided.

(5) Unlike other books about options, it is easy to understand by any investor.

(6) Easy-to-use Microsoft® Excel templates for PC use as well as manual worksheets are provided to assist in making specific investment decisions regarding which covered calls to write on ETFs, to effectively track results, and for other planning purposes. ... Read more

Reviews (6)

Revolutionary strategy coupled with clear, concise tactics
The thoughts discussed in this book are nothing short of revolutionary in terms of investment strategy and expected return implications. This book was obviously written by a practitioner who really "gets it". Mr. Kadavy explains his arguments and tactics in a very easy to understand manner -- much thanks for the cutting-edge piece which will certainly change many investors' portfolio strategies and returns!

OUTSTANDING FOR NEW CALL WRITERS
This book was written for investors that are new to covered call writing and want the diversification they can get from ETFs. I just wanted to throw my two cents worth in, because the reviewer who said the book wasn't of any value because he's an expert call writer obviously missed the point. The description of the book clearly states that it is for those of us who are new to this. Didn't he bother to take time to read the book description? I might agree that if you are really an "expert" at this already, you probably don't need this book. But a real expert would have read the book description to see if it made any sense for him to buy it. All I can say is that I'm very glad I bought two of Kadavy's books about covered call writing (also bought "Covered Call Writing Demystified"). For those of us who bought all of the wrong stocks during the bubble and watched them go down, the combination of buying diversified ETFs and writing covered calls on them should be good for solid returns way into the future. This book will tell you what it is all about and how to do it too in a way that you can understand and work for yourself without some broker churning your account.

very basic covered call information
If you have never written a covered call of any kind this work might be helpfull to you. If on the other hand you have experience with type of investment then this booklet covers only the most basic covered call information, it has nothing new and nothing that is specific to ETF's. As an experienced call writer I was very diappointed in the content of this booklet.

A MOST TIMELY AND PROFITABLE BOOK
I am new to covered call writing, but have found this book to be my solution to the stock market doldrums. I liquidated my poorly performing mutual funds and have purchased ETFs with the help of the information provided in this book. I then started writing covered calls on them. So far my results easily substantiate the book's claim that double-digit returns are there to be had using this strategy. For the first time in several years I have some hope of recovering my losses.

A real side benefit for me is that the income I get from covered call writing is tax free. I'm using my past mutual fund losses to offset the nice gains I'm realizing from writing covered calls!

I'd highly recommend this book to anyone, but particularly smaller investors who can't get broad divesification through individual stock ownership. The strategy is also excellent for those who have losses. As in my case, you should be able to use those past losses to offset the gains from your call writing so that no taxes have to be paid.

THIS BOOK IS AHEAD OF ITS TIME
The use of Exchange Traded Funds is rapidly replacing mutual funds as the investment of choice for stock investors. Yet, even so, with the long-term prospect of stock prices growing much more slowly than in the past, new ideas are needed to achieve acceptable returns. "Covered Call Writing With Exchange Traded Funds (ETFs)" offers a turnkey solution for double-digit investment results. Its "how to" program provides what in my view is an optimum situation...diversification through the use of ETFs and increased returns through covered call writing. Since covered call writing can't be done on mutual funds, ETFs are becoming the logical choice for investors because of this and for many other reasons described in the book. The ability to write covered calls on ETFs just adds frosting to the cake. As investors experience only slow growth in their stock portfolios over the coming years, as I believe they will, this book, and a similar book for individual stocks, "Covered Call Writing Demystified," should find a growing audience. ... Read more

Book Description

The Technical Analysis Course has gained a loyal following for its unique lesson-per chapter format and comprehensive coverage of the tools and strategies of technical analysis. This third edition provides revised and updated details on every key aspect of technical analysis. New sections answer questions on current topics including Bollinger Bands, curved trend lines, moving average convergence-divergence, the market's change to decimal pricing, and much more.

Thomas A. Meyers, C.P.A., C.F.A., C.F.C.U., is chief financial officer for a large insurance group.

Reviews (19)

Meyers clearly explains the art of reading charts.
If this book doesn't provide the very clearest explanations of technical analysis that is out there, it certainly is a contender for the crown. Each chapter or lesson is followed by a quiz to ensure that you've picked up the key points.

Technical analysis is used by momentum investors (traders if you prefer) to increase their chances of making successful trades. Although some investors on the net would tell you that chart reading is akin to tea-leaf reading, they'd be wrong. I'm conservative enough to combine value investing with my trading, but trading alone can be very profitable to one who takes the time to learn about charts.

The book consists of nineteen lessons:

Lesson 1 - Definition of technical analysis and its basic principles.

Lesson 2 - Chart Construction -- the types of charts, charting services, personal computer software.

Lessons 3-5: Profitable Chart Patterns

Lessons 6-10: Key Analystical Tools

Lessons 11-13: Advanced Analysis. These are especially excellent chapters since they make the "advanced" topics very accessible.

Lessons 14 and 15: Alternative Charting Methods. The lesson on Japanese Candlestick Charting is outstanding.

Lessons 16 and 17: Overall market analysis.

Lessons 18 and 19: Putting It All Together.

An investment of thirty minutes a night for three weeks will repay the investor with more tools to bring to the table to improve his investing track record.

For those who scorn (i.e., do not understand) charts, let me just offer this. Technical analysis does not, of course, double as a crystal ball. But, it can provide a significant edge.

There can be no guarantees, but I believe that this book will pay you for its cost hundreds or thousands of times over. (It has certainly repaid me. But, you've got to read the book and you've got to pull the trigger on some trades.)

Good luck. Better still, read the book and use its information for your benefit instead of relying on luck, hunch, and the free advice that is worth only its price.

A good place to start
This book is a great place to start if you know nothing about technical analysis. It is very well organized, and the quizzes help to reinforce the lessons of the text. Meyers starts with basic chart construction and the types of charts, moves through reversal and consolidation patterns, gaps, trendlines and channels, and support and resistance before taking on any computed indicators. Next he moves through moving averages, relative strength, and volume indicators, and finally oscillators. He then digresses to cover point-and-figure charting and candlesticks before concluding the book with a discussion of market and sentiment indicators. Once this material is mastered, the more detailed discussions of Murphy or Edwards and Magee will make a lot more sense.

Outdated, Inaccurate, Expensive
I'm so sorry I spent hard-earned money on this book, I wish I had read the reviews here first. I can find very little use in today's market for a collection charts on stock movements from 20 years ago. Of course, history can be a guide, but nothing in this book takes into account all of the changes in trading technology. Most of the "tips" here date from a time when there was no program trading, and no one did any trading at home via the Internet. If you attmept to do technical analysis by calling your full service broker, perhaps you will find something useful in this book (once you get past the series of errors, there are plenty of them). I learned much in the stock market from my bad trades; I just learned something about book buying from this completely regrettable purchase.

Not Very Useful
This books seems to have been written to explain the stock market movements during the 1980s. There are a few theories to explain movement of NYSE big board stocks, and almost no coverage of NASDAQ. If you try to map these theories to the NASDAQ-fueled boom ending in 2000 or the slump since then, the author's weakly defined premises break down entirely. This book would have been useful in 1982, but I need to trade in the 2003 market. No help here; in fact, much of it is counter-intuitive. I tested it with a sampling of 10 stocks over a three month period ending in early March 2003. Using the "methods" described in the book, one would have lost money on 9 out of the ten trades (whether long or short). These trades netted an average loss of 28%. The one winner gained 11%. I could not afford to stay with this book's technique's for very long. To be fair, I then tested the methods on 10 more stocks from 1999-2000, when the market was booming. Again, the author's methods failed. Seven losers, averaging 32% loss, two winners averaging a 17% gain, and one break even. Save yourself from market losses, and the loss of money wasted on this book.

Badly Organized Jumble of Techniques
This book was assigned reading for a college-level investing course; now I understand why the professor drives an old car and teaches this class instead of making money in the market. In all my years of schooling, I've never encountered something so poorly assembled. I have unearthed a few useful concepts, but they are largely buried in an pile of tired market cliches and chart after chart of dated 1980s investing patterns.

There are many other books on the topic (you can do a search on "technical analysis" right on this Amazon site) that are both current and accurate. I keep a lot of my textbooks after finishing a course, I find them to be useful references. This one will go immediately to the used section of the campus bookstore. ... Read more

Book Description

Welcome to the arena of "penny stocks."These are stocks that sell for $5 or less a share.

This book is a collection of interviews of fifteen successful individuals who have entered into the exciting world of microcap investing.They come from different walks of life.They share a love for small companies with great futures.These investors have one thing in common:a successful investment system named "Bowser's Game Plan."The Game Plan helps with the selection of companies to consider, when to buy their stock and when to sell for maximum profits.These investment techniques are explained in simple-to-understand steps.

Also, eight financial advisors and professionals tell their views regarding the positive reasons for investing in microcap stocks.One of the most noted professionals is Lou Dobbs, who appears daily on "Moneyline," on "CNN Business News."

Max Bowser includes a chapter on how to prevent being victimized by brokers that sell and later manipulate a company's stocks.A list of brokers that have been accused of operating these scams is included. ... Read more

Reviews (4)

A THIRD BOOK BY MAX BOWSER BASED ON 30 YEARS OF WEALTH
I have been following the writing of R. Max Bowser for about 30 years when he first started his newsletter, "The Bowser Report."
Somehow, I got on some list where I got the first year of its subscription for free. I have been a subscriber almost every year since. I have now read all three of his books, with the newest being GUARANTEED PROFITS WITH SMALL STOCKS: THE ONLY INVESTMENT SYSTEM THAT COMES WITH A $5,000 GUARANTEE. I am not aware of any financial newsletter writer that makes any similar guarantee. Max has been investing in penny stocks for about 30 years. His book, PENNY STOCK WINNERS, is full of stories of small time investors that have made out well using his success principles. Big money magazines and financial newsletters seem to ignore Max since he deals with trading stocks that sell for $3 or less a share. But after follwing his advice for about 30 years, I recommend that any reader interested in trading in low-priced stocks take a look at all 3 of his books. There are several other authors that deal with penny stocks and I recommend readers interested in this area to read all the books they can in this area. One last thought-- most of the big stocks may have once started out as penny stocks.

Author's Comments
In response to a Spotlight Review by a reader from Shoreline, WA, on February 28, 2004, who had comments about my book "Penny Stock Winners." In this critical review, the person was prinicipally dissatisfied because there were only a few penny stocks listed in the book. About this, we have two comments:
(1) There are two definitions of penny stocks. One is of a stock that sells for under $1.00. The other one, which is sanctioned by the Securities & Exchange Commission, is that any issue under $5.00 is a penny stock. The reviewer from Shoreline is only concerned with the stocks under $1.00.
(2) The book was not written with the intention of listing stocks. Instead, as the title indicates, it is the case histories of subscribers to our newsletter, "The Bowser Report," who have successfully followed our investment techniques. Those techniques are explained in detail in two other books I have written, both of which are available on Amazon and elsewhere--"Making Dollars with Pennies" and "Guaranteed Profits." And, furthermore, in each of these books, there is a coupon which entitles the reader to request a free sample copy of "The Bowser Report,"--the only newsletter published for stocks $3.00 a share or less--which lists many penny stocks each month.
All three of the books mentioned are published by Marathon International Book Co., Madison, IN, jwortham@seidata.com.
---R. Max Bowser, ministocks@aol.com

Penny Stock Winners
First of all I would have rated this book only a quarter of one star but the lowest rating was one star. Now, after having said that I would like to say that there were a few penny stocks mentioned in this book but for the most part, stocks listed in this book were what I would categorize as low-priced stocks instead. How can you classify a stock trading as high as five dollars as a penny stock? In my mind, it's apples and oranges.

I also did not think that bringing up religion in this book was relevant and I saw it mentioned over and over.

I did like the Lou Dobbs interview and that was about it.

For newcomers interested in penny stock investing stay away from this book because it has no value as far as I'm concerned.

Sorry, Mr. Bowser but I returned the book for a credit.

Middle America taking risks and being rewarded...
First let me say that although at least two chapters in this book are repeated verbatim in Max Bowser's other book, "Making Dollars with Pennies" (chapters I identified are "Wannabe Ostracized? Buy Minipriced Stocks" and "Why does Merrill Lynch hate $2 Stocks?"), this is definitely not the same book in a different cover and you are really missing out on a true gem if you don't get this one.

In contrast to "Making Dollars with Pennies", which was more of a "how to" type of work, this book mainly consists of profiles of successful investors, which are for the most part excerpted from past editions of the Bowser Report (therefore, if you've been subscribing to the Bowser report for a while you've read practically everything in this book - still, it's refreshing to read it all bound up as a book). About two thirds of the profiles are of past or current subscribers who are following Bowser's "game plan" and doing well (although the figures are presented in a fuzzy manner). The remainder are various participants in the small cap stock market. Strangely, the one interview with a bona fide celebrity, Lou Dobbs of CNN, fell flat with me; he seemed out of his element.

The subscriber/"Winners" represent a broad cross section of Middle America, with all of the everyday problems of regular people (divorce, illness, unemployment or a general lack of money to invest). A significant portion of those profiled have a military background, and they are not necessarily of the World War II generation where military service was well nigh universal in men. Bowser himself retired from the military before starting his "Bowser Report" in the 1970s and one suspects that perhaps his subscriber base grew through word-of-mouth among military people. If there is anything in particular that sets the winners apart, it's that they all appear to be self-starters who are willing to stick to their guns with investment ideas and let the chips fall where they may. They also appear to show significant emotional maturity towards their investments. Although they often invest in companies profiled in Bowser's Report, they tend to view the investments as "their" picks, whether the stocks ultimately end up winning or losing. They don't run to Bowser and whine.

Although I don't know specifically how many people subscribe to the Bowser Report, Bowser's market strength is alluded to in the book more than once, particularly in the days following when Bowser issues a buy recommendation on his "Company of the Month". As Bobby Cohen, a market maker, reports on page 176:

"Max, on the Monday after you pick a Company of the Month - there is a huge number of buy orders. A market maker doesn't have to be a rocket scientist to know there's something happening with the stock."

Because the interviews in this book span the 1990s, one can see in retrospect how much the internet has changed the investing landscape, such as when Lenny, interviewed sometime around 1996, remarks [p. 75]:

"Do you realize how difficult it is for a guy sitting here in a small town in Maine to get the phone numbers of these companies [that Bowser covers]?"

I rate this book so highly not because any particular investor in this book is brilliant. In fact, they each appear to have significant flaws. The impressiveness of the work comes from seeing the American everyman & woman grapple with independence in a stock market that is blatantly not set up to serve them first. Rather, it is geared towards mutual funds, pension funds, brokers, etc., all of the big players. To see all of these people go against the grain and succeed is very heartening. ... Read more

Book Description

Russ Whitney has made millions through real estate now you can, too!

Russ Whitney was a twenty-year-old high school dropout working in a slaughterhouse for five dollars an hour when he set out to become a millionaire. Armed primarily with guts and determination, he became one of America's youngest self-made millionaires by the age of twenty-seven.

Russ Whitney is living proof that you don't need formal education, capital, or even credit to get rich. But what you do need is a plan: a practical program of tried-and-true moneymaking techniques to help make your own financial dreams come true. In Building Wealth, Whitney shares the very strategies that have helped thousands nationwide duplicate his successes. Learn how to:

Book Description

"There is one thing that can be said about A Fool and His Money that cannot be said about any other volume of investment advice: You will never make a penny from the information in this book. No work on the subject of personal finance has even tried to make this claim before. That is because works on the subject of personal finance are all lying. John Rothchild is the only fully honest author in the genre."—from the Foreword by P. J. O'Rourke.

A veritable gold mine of comic insight into the predicament of an average investor's avid pursuit of wealth, A Fool and His Money is John Rothchild's critically acclaimed personal account of a year devoted to investing his money in the markets. The entire investment world—its characters, institutions, customs, and myths—passes under Rothchild's sharp and profoundly humorous scrutiny.

Acclaim for A Fool and His Money

"What makes this book so good is that Rothchild can explain things like naked puts . . . and leave the reader both edified and laughing. . . . Witty, fast-paced, and educational."—The Washington Post

"You'll relish John Rothchild's comic tale. . . . The book nears guaranteed delight."—Newsday

"A Fool and His Money may be the funniest book about investing ever written. It's a reader's capital gain."—New York Post ... Read more

Reviews (11)

Excellent Read
I thoroughly enjoyed this book. Whilst Rothchild is not giving out specific advice on the stock market, he does provide a good general overview by relating his one year's journey into the stock market. A clear message from this book was that the "experts" are incorrect more often than not and that there is more rumour than fact floating around.

Written with a lot of honesty, great humour, and most definitely worth reading.

A reflection of ourselves
I must say that Rothchild has successfuly written a book that an average investor loke you and me can identified with.

Just think about it, how many times we purchase a stock because we heard a conversation in the toilet about a particular company and regret for our action later.

We always insearch of a get rich quick formular in the financial market, but we ended up poorer instead. Rothchild illustration of how an average investor trying to make the big bucks definitly can make people like myself to identify with him, thus relating out own experience with his character in this book.

Great reading for the weekend!

Buyers Remorse, the average investor's story
"A fool and his money" is the story of buyers remorse of one very lucky investor, who walked away with 50 percent of his money. Zero game means one person is a winner and another person is a loser. John got a bad taste, as he discovered the hazards of his margin being called and being forced too come up with 8600 dollars, too cover his investments and learned once again the average investor can not afford too invest. Bottom line, the lucky disappear into anomity, no one knows there name only their story; the losers feed the winners; and the winners are always looking for new losers.

John made a few mistakes, acted on weak advice, and held on too long after realizing his mistake. John gave some very insightful information about mutal fund managers. At the time of the book 9200 fund managers were controlling 75 percent of the wealth. John says, mutal fund managers don't outperform the averages because they collaborate between each other on selection. Outperformance is shunned because it distinquishes one mutal fund manager above another and makes the other look bad; and his claim for why mutal fund managers don't beat the average.

The Federal Reserve buy Bonds and use bonds too control the money supply. The Bonds represent assets which banks can loan money against increasing the available money supply to the consumer. If inflation increases, the Fed sells Bonds decreasing the money supply and increasing the interest rate. So, the Fed regulates inflations by controlling the amount of money supply.

A reality check for the average investor
This book was first published in 1988, after the 1987 crash. The wisdom and essence of the book is still as valuable now in 2002. It is entertaining as well as educational. The author went out of his way to describe his experience or experiments in various areas of investing, giving knowledge and first hand information on how the investment world runs from different perspectives. The author took a year to study investing and invest with his real money, with the assignment of writing this book about it at the end. As a result, his investment decisions and variety and frequency of his investment may be atypical of an average investor. However, his description of the phychology of an average investor is quite accurate.

Quite disappointed
Normally I would check the Amazon rating before I read a book. The average rating of this was 4.5 and so I picked it. I dont know whether I am not an average investor or what, I dont take it interesting nor helpful nor amusing nor.... Mr. Rothchild did try to write something good for his target readers with a different style and angle, something I can appreciate. However, something important, say lessons/points noteworthy for his readers, are absent. You read it but you can forget the content real fast. ... Read more

Amazon.com

Dr. Richard McCall, a psychologist who teaches martial arts principles to professionals, turnshis attention exclusively to the fiscal battlefield in The Way of the Warrior-Trader: The Financial Risk- Taker's Guide to Samurai Courage, Confidence and Discipline. Likening today's high-performancetraders to Japan's legendary samurai, hecombines personal anecdotes with success stories to show why the mind is the most important weapon inboth arsenals--and how it can best be used in battle. ... Read more

Reviews (13)

good starting point
This book is a good starting point for those unfamiliar with "The Way of the Warrior". Although it is for the "warrior-trader", the principles McCall writes about are applicable for everyone. If you apply the methods described in this book, you will definitely see an improvement in your life and also your trading.

As a martial arts instructor, McCall of course knows a lot about the principles he writes about. However, his comparative lack of knowledge of trading shows and the book is weakest in the parts where he attempts to describe how to apply those principles to trading.

The beginning chapters are better written than the last few chapters. The author prefaces everything with "The Way of Warrior..." and uses "warrior this" and "warrior that" over and over again which gets rather tiresome. It should be understood that when reading a book entitled "The Way of the Warrior-Trader", the principles contained within are those of "the Way of the Warrior". Zen meditation, the central concept of this book is well described and easily understandable and applicable for those who have never meditated before. However, deeper understanding of the techniques of Zen meditation should be obtained by reading other books such as "Zen Mind, Beginner's Mind".

Still, you should definitely read this book to understand the importance of self-discipline and self-mastery not only in successful trading, but in all aspects of life. Other books to read that further explore this subject are:

Trading in the Zone- Mark Douglas (for more specifically applicable trading psychology)
Art of War- Sun Tzu and The Book of Five Rings- Miyamoto Musashi (for more on warrior principles and tactics)
Zen Mind, Beginner's Mind- (for more on zen meditation).

Do you want to prepare yourself for any Battle?
The Way of the Warrior Trader is the best book I have ever read on being mentally prepared for any activity that you do. Dr. Richard McCall, a psychologist who teaches martial arts principles to professionals, has used his background in the martial arts and the samurai to add a zest to an easy read about discipline, mental approach and adding confidence to your stressful daily activities. I am a skilled craps player, or rhythm roller, and staying in the zone when I am throwing the dice is important to winning money at the tables. I had heard that McCall does his training of discipline at the craps tables so I decided to read his book. What I found is a book that is a must read for any trader, athlete, gambler, or anyone that needs to be mentally prepared for their daily tasks or activities.

Dominator

Outstanding !
This is one of the best books I have ever read. It is also one of the most useful books I have ever read. I have traded futures for a couple years now and in the past 3 months I have decided to try to pick up my game. I have read Reminiscenses of a Stock Operator, Market Wizards, the New Market Wizards, High Probability Trading, and a few others. I am nearly finished reading Trading in the Zone by Douglas (a great book). I bought all of these from Amazon.com based on the reviews I have read here. I have learned much from all of these books and recommend all of them without reservation.

"The Way of the Warrior-Trader", however, is definitely unique. And I don't mean that it is simply an interesting novelty, it is much, much deeper than that. This book transcends trading and yet, at the same time, I think it is a more pertinent book for most traders than all of the above (in my opinion Trading in the Zone is equal to this book for traders, but it has a narrower focus). The other books tell you how others succeeded, but this book prepares YOU to enter the fray with the proper motivation and battlefield psychology.

PLEASE don't think this is just another mushy self-help, positive thinking book. Far from it, this is a reality-based, purpose-driven book that prepares you for the dangers and potential rewards that lie ahead. He eschews the typical shallow and covetous motivational approach, and takes a much deeper and much more effective "way". One that will not sound like every other "Retire rich in 3 years!!" book that you will forget 30 seconds after you finish the book.

This book is about more than trading, it is about risk-taking in general, be it financial, personal, physical, emotional, etc. If you have a dangerous or challenging job or are facing a challenging situation in life, I would not hesitate for a second to recommend this book. It is really that good. Just the "A" in "A.CT.I.O.N." alone has changed my entire approach and outlook to trading and others issues in my life. Very similar to Trading in the Zone, but from another angle.

This book does not appeal to your longing for riches or "lottery ticket" dreams, rather, it appeals to human issues that are much deeper and more enduring. You will find yourself motivated on a different and higher level, and this new motivation will be of a more permanent nature. I am what many of you would call a fundamentalist, right-wing, Bible-thumping Christian, yet, I was able to pass by some of McCall's Eastern religious views because I was moved by his message and his encouraging approach. Very much the approach of a kind and attentive instructor gently leading his pupils to a new way. Irrespective of my ultimate success or failure as a trader, I have gained much from this book that I can use in many other areas of my life. I highly recommend it.

I've read em all
I've read em all - Douglas,Steenbarger,Toppel,Tharp,Kiev, Koppel, well you get the idea, and they are all helpful but this book is the best of the lot. It gets you mentally prepared to trade or what other challenges you face in life. Don't fail to read and study "The Way of the Warrior-Trader" by Dr. Richard McCall - you will be glad you did.

So So
This book isnt so bad, but there are many more that will be much better remembered and used than this one ... Read more

amazon

It's quaint that in this day of search engines to help us find more search engines, some old-fashioned reference books are still perennial sellers. When The Irwin Guide to Using The Wall Street Journal premiered in 1984, the future day traders of the world weren't trading much more than Atari cartridges. So, the advent of this sixth edition--penned, as ever, by Michael B. Lehmann, a University of San Francisco economics professor who has developed a popular seminar class around it--receives a round of well-deserved kudos.

Even if, that is, its title remains a bit of a misnomer. For this is not, nor has ever it been, so much a guide to using the WSJas it is a tidy primer on the fundamental workings of the U.S. economy and stock markets, intended not just to help readers enjoy the WSJ more, but to help them more fully comprehend what they read there. Lehmann covers just about everything, like a rigorous-but-not-draconian year of Economics 101: from how and why interest rates affect markets and when to expect the next recession to the Federal Reserve's impact on your investment portfolio and which fixed-income market is right for you. The guided tour Lehmann gives is well organized and accessible to the average financial layperson who can handle sentences slightly longer than those in USA Today and doesn't think "Federal Reserve" refers to an early 19th-century architectural style. A certain amount of patience may be called for, too: though no opaque academic text, The Irwin Guide is far from one of those Dummies/Idiots books that somehow crams the greatest matters of civilization into what generally look like coloring books for adults. Lehmann's text is dense, relieved only occasionally by various charts or articles previously published in the WSJ. Curious is the near-total absence of terms you would have expected to see in an update from the 1996 edition--terms like "Internet," "dot-com," and "WWW." But after six editions you have to think that Lehmann's a sly one--maybe he speaks most eloquently of how the current dot-com/IPO mania will play in the long term by saying absolutely nothing. --Timothy Murphy ... Read more

Reviews (7)

Very Useful Material
I invest extensively in the stock market and had been looking for an economics book which is practical and detailed (but not overally technical like a college textbook). This book was exactly what I needed. This book's focus is on the data and what is is saying about economic conditions. The beginning of the book is historical and general then goes into detailed explainations of the economic data reported in the WSJ (as well business TV shows and on the internet). The data is explained clearly and concisely, and its impact shown with graphs overlaid with recession periods. The book includes data leading up through the stock market bubble of the late 90's ending just before the bubble burst.

I would recommend this book to someone who is looking for a practical guide to understanding economic data and what it is saying about the overall economy. The book's emphasis is on the data available to the general public and its implications, not economic theory.

Good Monetary Primer
This book is a good introduction to the principles of the macro economy.

The author explains the basics of the federal reserve system, monetary policy, the causes and effects of inflation, and various personal investment products such as stocks, mutual funds, commodities, and money market accounts. The basics of each is explained, and the author shows how each is tracked daily in the Wall Street Journal. The purpose is to allow individuals to understand their investments, track their progress, and be able to react to changing market conditions. Its all sounds very axiomatic, but the great thing about this book is that it states basic principles that are often assumed, and thus left unstated.

For example, if the following excerpts are helpful to you, then this would be a great book for you:

Page 15: "The forces of supply and demand condition every business cycle."

Page 25: "Bank lending finances spending, and spending generates inflation. The Fed controls bank lending and can thereby control inflation."

Page 33: "Every commodity has a price; the interest rate is the price of money. As with any commodity, the price fluctuates according the the laws of supply and demand."

Page 165: "Mutual funds are popular with individual investors because they permit diversification in a wide variety of securities with a very small capital outlay."

These are examples of the points covered, and the level at which they are covered. If the above quotes sounded obvious, this book may be below your expertise. But if you finally want to understand the jargon you hear on CNNfn, this book will do the job.

This would be a great book to buy as a graduation gift for a high school senior, or anyone without a background in finance.

Be your own economist
Financial literacy is one of the basic keys to achieving Financial Independence. Money is seen with the mind, not with the eyes. Those who can read financial numbers and news will eventually control those who cannot. Many people make decisions to buy real estate or stocks, or enter into businesses, based on their emotions and not on any understanding of the financial rationale behind it. That's why 9 out 10 people don't make money.

The Wall Street Journal is the best source of all the financial, economics and investment news, figures and data you need to get started on acquiring financial literacy. Having said that, for one who has not studied economics or obtained a finance degree, it can be quite a task trying to understand all that information. This is where The Irwin Guide to Using The Wall Street Journal helps the interested reader to make full use of The Wall Street Journal to become his/her own economist.

Not many books like this book come this far. This book is now into its 6th edition, having been first published in 1984. This edition has been updated with more current and post-1996 examples and illustrations.

I like how this book takes the various sections found in The Wall Street Journal and explains the significance of the information, figures and data and then relates it to the reader's understanding of finance and economics. This certainly enhances the reader's appreciation of the nuggets of information found in The Wall Street Journal. This book also enlightens the reader as to the various choices of investments out there - from stocks, to commodities and metals, and to money market investments.

All in all, I found this to be good book for those who have no prior education in finance and economics but who are willing to take action to learn more. Even those with a basic knowledge of economics will stand to gain from this book.

For those who may require a more basic book on understanding economics, I would like to recommend Economic Literacy by Jacob De Rooy or The Wall Street Journal's Guide to Understanding Money & Investing. And for those ready to take on more complex readings, I would recommend R Mark Rogers' Handbook of Key Economic Indicators.

Everyone's Access to the Wall Street Journal
Whether you are a mutual fund manager or a private investor, a CEO of a multinational firm or the owner of a small business, a retired millionaire or a young professional just starting out, a new capitalist or an old Marxist, this is the book for you. Whoever you are, this book gives you the tools to intelligently read and use the premier business publication of today--The Wall Street Journal. The writing, the charts, and the statistical analyses are so crystal clear that you can truly use the Wall Street Journal to be your own economist. Complex concepts such as the price earnings (P/E) ratio for the Dow stocks, for example, are fully explained, placed in their historical and contemporary context, and are shown to have important implications for the investor, the business person, and the financial advisor. Statistical reports in the Wall Street Journal are explained as more than isolated pieces of data, but rather as part of the economic matrix of the world economy. The classic business cycle is the economic and literary tool that the author uses to organize his book and to advance the reader's understanding of what is happening in the world economy--and why. In short, the author has done a masterful job in explaining how we can use the Journal to understand the past, the present, and the future of our economic world. Read this book, and your perceptions of that world will never be the same.

Highly recommended
This book is an excellent introduction to how the U.S. economy works, what the Federal Reserve system and Alan Greenspan do, and how the economic information published regularly in the Wall St. Journal can be used to follow and forecast business and economic trends. The book is clearly written and easy to follow. I would recommend it to anyone who wants to learn more about how the economy works, and/or wants a greater understanding of what they read in the Wall Street Journal. ... Read more

Book Description

Simply put, the essential first book for any investor.

Based on the million-copy seller A Random Walk Down Wall Street, this concise new guide by influential and irreverent author Burton G. Malkiel takes the mystery out of personal finance by outlining Malkiel's own ten-point plan for success. Easy to read and easy to follow, this practical book aimed at the investment novice cuts through the jargon to give readers the confidence and knowledge to make wise investment decisions that will provide consistent returns.

Beginning with the basics—"Fire your investment advisor" and "Start now"—Malkiel carefully and with good-humored authority lays out the rest of his "blessedly brief bare-bones guide to investing" (Business Bookpage). ... Read more

Reviews (10)

A Good Place to Start
This is a good place to start if you want to get in on the action and try to prepare for your financial future. The advice is mainly sound: Start early to take advantage of compounding. Beware of financial advisors for they are mainly interested in theirown financial health and not yours. And for heaven sakes, get rid of that credit card debt. Small economies (a dollar here and a dollar there) mount up. Persistence is more important than insight, savvy, or market timing. A good way to go broke is to purchase those IPO's (Initial Public Offerings) and hold them while the lock up expires. IPO is like taking heroin intravenously. Sure it can be fun for awhile, but it also can lead to death. Oh, yes about those CFA (Chartered Financial Analysts), stock analysts, brokers and other gurus: Forget them for they are more often wrong than right as a detailed retrospective analysis of their predictions clearly shows. The real problem with a book like this is that it is overly general and simple. The advice can't apply to all people at all times. Yes, it might be safe to diversify and rebalance your portfolio. But then again, it might be safer not to do those two things. Bill Gates made money by being concentrated in one stock. George Soros made a billion in one currency (the British Pound) on one bet at one time. When these gentlemen diversified, they didn't do as well. Rebalancing your portfolio each year means you sell the stocks that did well and buy more of the ones that didn't. You could end up with a portfolio of cripples that way. What really counts is owning the right asset at the right time. This book doesn't tell us how to do that. Instead, it suggests we abrogate our individual judgment to market professionals and just buy an index. That results in the usual dilution of experience so characteristic of modern times. It's just like sex with a condom, low nicotine cigarettes, decafe coffee, hot tubs that are luke warm, etc. -- safe alright - but not much fun.

A great book on investing
I've read a number of good personal finance and investment books but I have to say that I like this one most of all.The author is well respected and an authority in the field.The book is a quick read but it's filled with useful information written in a very readable style.I wish every book was like this.

Malkiel gives the reader some very fundamental advice on investments (index funds), asset allocation and planning your finances based on your risk aversion and age.It's simple and very straightforward.There are no gimmicks or get quick-rich schemes.And that's what I really liked about the book. This book gave me the confidence to manage my own investments and knowledge to do it intelligently.I would highly recommend this book to anyone especially people who are new to investing or people who are confused about all the options out there.Simply a great book!

Simply Brilliant
RWG to Investing shines in its simplicity and brilliance.
The only investment book and probably the only financial advice (advisor) you will ever need.

Stop Right There
This book has a lot of interesting information however, the theory behind it, that nobody can beat the stock market except for "business people", because stocks are efficiently priced is a bit absurd. Every day I receive a fax touting one pink sheet stock or the other. I have, out of curiosity looked into some of these company's and found that they often have little or no assets and are mainly shell corporations. The point is that because of the constant touting there stockprice almost always rise significantly and than plummets. This "pump and dump" form of market inefficiency extends to much larger securities (e.g. .Com bubble) as well. It is difficult to argue that since stockprices are determined by people who aren't always rational, that value of a security is at any random point in time rationally priced.

The argument that managed funds (after fee's) underperform index funds is a truism just as much as stocks will outperform bonds over the long term is. Stocks outperform bonds because a company's wouldn't borrow money unless they could reinvest that money at a higher rate. Similarly, Mutual Funds, in aggregate, since they own so many securities become in effect almost the same as index funds except they charge higher fee's. If your really interested in learning more about proper portfolio allocation read The Intelligent Investor by Benjamin Graham.

None of The Wall Street Reforms or Tax Cuts Have Been Aimed
at average investors.So don't wait for the "magic" to happen.Get educated about investing.This is certainly one of my top 10...Smart investors make their own magic, one step at a time... ... Read more

Book Description

Here is a timely, comprehensive, and invaluable guide to using offshore investing as a method of asset protection. From evaluating places in which to invest to avoiding offshore scams, this easy-to-understand book provides you with all there is to know about keeping the money you earn.

Reviews (15)

Definitely a keeper!!
This book should definitely be on the bookshelf of anyone seeking to invest offshore. The author provides excellent insights into the hows and why's of offshore investing. Although the organization of the book was sometimes hard to follow, and did assume some technical knowledge of trust concepts, overall it was a good book and worth the money.

Outdated, old-fashioned and Politically biased book
First, the disk is useless. 80% of the references to internetsites are outdated. The other 20% are of questioinable nature (pureself-promoting advertising sites). Second, the author spend 30% of the book trying to convince the reader (which he patronizingly refers to as the Reluctant American) that it is worth-while to look off-shore for asset protection and tax avoidance structures. I expect most people buying this book would already be inter