The Stock Market Outsider: Becoming a Billionaire: Valuable, Practical Insight (英語) ペーパーバック – 2014/2/13
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Hundreds of billions of dollars change hands in the stock market on a daily basis. With this huge amount of money moving around daily, the average investor never becomes rich in the stock market. Why is this?
Average investors do not know how to apply psychology and business acumen to investment decisions. Instead they attempt to mimic the behaviors of successful investors such as Warren Buffett, George Soros, and Carl Icahn in a desperate bid to achieve half their success. Millions of investors mimic these strategies and still do not become rich.
This fact applies universally - even the most successful psychologists, corporate executives, statisticians, and finance professors cannot seem to leverage their knowledge to succeed in the market.
Does this mean that it is impossible to become rich in the stock market? Of course not; it is very possible. The distinguishing difference between the average investor and the successful investor is a history of consistent, insightful trading.
Becoming better than the average investor means seeking out knowledge that the average investor does not have. Nearly all investment books are devoid of this prized knowledge - which is why the average investor, reading the average investment book, never acquires sufficient insight to succeed in the market.
"The Stock Market Outsider: Becoming a Billionaire" ventures into a realm beyond that of the average investment book. It provides an interesting, practical approach to succeeding in the market using psychology and business acumen to drive investment decisions. The book focuses on the core principle of stock market success - investing in businesses that are most likely to increase in value and understanding when to enter and exit positions. It disregards the unnecessarily complex and risky trading strategies that many traders use to their own doom - strategies that are closer to gambling than true investing.
Philip Fanara is an author, contributor to TheStreet, and Certified Internal Auditor with a career broadly spanning over multiple business areas. He is an avid data miner, possessing over 10 years of investment experience, an M.B.A. from Louisiana State University, and is certified in Risk Management Assurance. "The Stock Market Outsider: Becoming a Billionaire" is the culmination of his years of experience, education, and research on business and investments. The strategy detailed throughout the book was developed after devoting a year to intensely analyzing market data, psychology, and his past trading successes and failures.
It’s all here, and is given to you straightforward and very clear. He has a quick wit, that had me laughing, but he stays on point and doesn’t use a bunch of fancy trading words that don’t help you understand. My favorite part is the formula to calculate a company’s standings, couldn’t believe the great template that I think I’ll always use.
I have already started making money with my stock picks; I made a nice profit too! This is actually not uncommon in the world of investing. Thanks to books like this you can figure out how to do it too.
I would get this book if you are serious about making money and sick of the same bump and grind, day after day.
Here is something that will get you a step ahead of the game!
The book is packed with useful information along with being easy to read and funny, which is rare for books on finance.