I have a friend who is a successful day trader. I’ve been a truck driver for years. I can see the trend the way things are going – automation is everywhere. That’s why I got into trading. I wanted to have a way to generate income independently. And being on the road has provided plenty of opportunity to study. Back to my friend – it was from his advice on where to start that I picked up this book. Having no investing experience, I was lost at first. I was also concerned because he told me it was originally published in 1949. He assured me that many of the same principles still apply, even though everything is electronic and regulations have changed.
I can see why this book is considered a classic. Graham, the author, details his philosophy on minimizing loss, emphasizing research and analysis over other approaches. Avoid emotion/temptation and always having a reason to trade is echoed throughout the book. I’m grateful for my friend’s suggestion in reading this first. I probably would have lost a few thousand at least just guessing market trends. Over the years, additions and annotations have been made to bring the book more up to date.
Remember that the performance and value of companies impact all types of markets, even the futures I trade now. This book helps you find returns on investments in companies (stock trading). Regardless of the type of market you trade, I definitely think this will be helpful. And for its very low paperback price on a major book seller that shares it's name with one of the world's largest rivers, it’s a steal.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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