From Library Journal
Investing the mere price of either of these books will bring substantial rewards to the beginning investor. Scott’s guide achieves its ambitious goal of explaining the intricacies of the stock market and its investment potential. Wallace’s guide is broader in scope, aiming to educate novice investors about managing money with a variety of investments. Each author brings a significant amount of financial expertise to the topic. Scott (accounting and finance, Vald…
Buy Guide to Investing in Common Stocks at Amazon
What is a stock? What is a stock market? What do brokers do and how do they do it? Market makers, specialists, pit bosses – wass’up wid dat? Mr. Scott explains it all without the usual BS of Wade Cook-ish advanced strategies for people who don’t have a fundamental understanding of the market. Mr. Scott tells you how the market operates – not how to play it. It’s like the owners manual for a car. He tells you what makes the car work but leaves it up to you as to how fast you want to drive. I bought this book a year or so before I started investing over three years ago. It was a favorite of mine along with Mr. Scott’s other books on personal finance, mutual funds, and the stock market in general. I am an aggressive growth investor spending over 20 hours a week on the market. A value investor who buys and forgets about a stock for 20 years will get the same benefit as I did from this book. Knowing how the market and investment vehicles work takes a lot of the old “Did I do the right thing with my money” worries away. This book is a very big step in the direction any investor needs to go before turning over so much as one penny to a world of fantastic dreams and incredible pitfalls. The market is way more fun for those of us who understand it.
As a novice investor I found this book to be just what I was looking for. It explains stocks in a way even I can understand. I recommend this for people who are just getting started with the stock market.
If you want to try your luck in investing in Common Stock, this book will provide the knowledge you need. It will help you avoid the pitfalls commonly made, even those made by so called experts. Selecting a profitable stock is tricky at best. This book will guide you through the many obstacles to ensure you make a sound choice. It will also explain the role of the broker, how stock is evaluated and the risks associated with ownership. This book is worth the read and will give you the understanding you need to procede with your investments.