Partners practical investment advice with true stories of investor fraud and company misdeeds, demonstrating how to make money and conquer the ever-changing market.
This book provides valuable insights into the perspectives and motivations of key players in the corporate world, including auditors, analysts, companies, and their CEOs. One of the most compelling aspects is its revealing of the roles and interests of equity research analysts. Understanding these dynamics is crucial for anyone planning to benefit from their research reports, making this book an essential read for investors.
The description posted for this book says it: "is a scathing critique of the greed that permeates all levels of Wall Street,"
I don't agree. Everyone who invests in stocks has some greed in them and that is what makes us invest in stocks AND makes us vulnerable to the crooks on Wall street.
This book details some of the recent scams and the reader then has the knowledge that can help him avoid future imitations.
Faber supplies the facts, a ghost writer puts them in an entertaing form and the result is a book that is both fun to read and helpful.
People who are greedy and not cynical especially need to be aware of the many legal and not legal ways of being ripped off.
Unlike other books on investing, this one puts more emphasis on avoiding losses , than on tips for picking stocks. Any one who has been in the stock market knows it's a lot easier and quicker to lose money than to make it. So avoiding losses really is the #1 priority.
I started buying stocks when I was 15, I've looked through a lot of "investing" books, but I found all the others to be unhelpful, uninteresting to read, and wondered if the author really knew what he was talking about.
Previously I thought the only book worth reading for the wanta be investor was EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS.