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The Little Book of Investing Like the Pros by Joshua Pearl is quite possibly the most tedious investment book ever written. I had previously thought nothing would ever top the Morningstar Guide called The Five Rules for Successful Stock Investing by Pat Dorsey for sheer tedium. But the Little Book takes the crown. If anything is going to propel you to start looking at Stock Charts, the 50-day Simple Moving Average, and the MACD (pronounced MacDEE), these two books should. Unless, of course, you happen to be an Institutional Investor or Professional Money Manager. Then, the Little Book of Investing Like the Pros would be relevant. But for most so-called "Retail Investors," this book is going to be an extremely tough read. It took me over nine months to read and I had to force myself to finish it.
Now, just to be clear, I'm not saying it's a bad book. The investment approach presented by Mr. Pearl is certainly legit. But as mentioned above, it's geared for investment pros, not the small-time investor. And it's not that the subject is beyond the understanding of retail investors. Mr. Pearl does a fine job of explaining things. But I don't think very many, if any, retail investors would have the time, discipline, patience, or desire to follow the extremely time-consuming, complicated, and tedious process. There's a phrase that became popular a few years back called, "getting into the weeds." That's what this book does. If you thought Fundamental Analysis was tedious enough just looking at Financial Statements and Financial Metrics, wait till you read this book.
This is a great book for picking stocks, with very specific instructions. Until the last chapter on portfolios, then they kind of wave their arms and say 'do whatever you want, but these are the things you need to consider.'