by Edwin Lefevre
This book came highly recommended, and for someone intensely interested in financial markets, it has value. It may be an Investment Classic. It is written in textbook fashion, meaning it is poorly written and prolix. It is a blue pencil special.
This reader read 100 pages and stopped. The first problem is the text is a narrative using I: Everything must be explained by I, and neither I nor the author do that. I does not explain well the stock market, stock picking or timing. It seems out of nowhere I is in a brokerage shop or a firm where he buys or sells. I happily tells when he’s made money, based upon what analysis of the market, a stock, conditions or being drunk or using drugs? (e.g. Union Pacific)
This reader tired of reading that I had talked to friends, brokerage people, or there was this stock or that, and all the while this reader knew he was reading too many words. There ought to be one-quarter or one-third fewer words in this book, because there is no explanation of analysis or the market or stocks. This reader did not need to read that many words about I’s social career. Hence, the text should be 200-225 pages instead of 300 pages.