Unwritten rules of Wall Street–what works, what doesn’t, and how investors can tell the difference Investing is governed by unofficial rules, passed to investors through brokers, the financial press, and even fellow investors. For more than a decade, in two previous editions, Stock Market Rules has helped investors separate the most valuable of these maxims from the meaningless and even potentially harmful. But with recent market turbulence and scandals blindsiding millions of…
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5.0 out of 5 stars
Superb Stock Trading How-To
Absolutely terrific…Stock Market Rules, (Third Edition), analyzes and explains fifty axioms (the rules) to tell you those which really work, the ones which used to work but…
This book is promising, but ultimately disappointing. A beginner investor will find this book confusing, because it skips around multiple topics without much contextual or background material. An intermediate or advanced investor will find this book trite, because each topic covers familiar ground, and lacks any depth or detail. You will find a few good tidbits here and there, but overall the content is shallow.
The author is a fan of Dow Theory, and the book is littered with references to Dow Theory this and Dow Theory that. The text is overly reliant on the Dow Industrial Average, which in my opinion is an inferior index to use when analyzing the general stock market. Unless you are interested in one of the merely 30 old-line slow-growth industrial companies that comprise the DJIA, you would be better off using the S&P 500 Index or the Nasdaq Composite Index for your market study.
Remarkably, this book appears not to have been edited at all. Despite being in its third edition, the book contains numerous typographical, numerical, and factual errors in both the text and the illustrations. In a casual reading I noted more than 10 serious errors. Table 3-1 shows 11 companies, with their current and historical prices, along with the percentage-change in each price. 7 of the 11 calculated price changes are blatantly wrong! It is hard to trust an investment book that can’t calculate percentage-change correctly. Table 3-2 lists a company stock buyback totaling only $250.00. The text refers to “Points A, B, C and D” in Figure 5-3, but no such points appear on the Figure. And so forth all throughout the book.
Paying money for this book is a poor investment. Borrow it from your local library instead.
3.0 out of 5 stars
So Now You Know Why…
This book explains the logic and reasoning behind the 50 most popular Wall Street axioms and mottos.