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This book is the most complete step-by-step guide on stock picking I’ve read. This book is not a niche book on valuation or technicals, but an overview of the PROCESS of investing. I didn’t realize how few books there are like this. How do you know when your research is finished? What are the pros doing and researching that I am not? What am I missing? All these questions were answered therein.
The authors Pearl & Rosenbaum come from an investment banking background and previously wrote a book called “Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions”. Some of the book discusses event driven opportunities that an investment banker would have an intellectual edge investing in (e.g. mergers, spin-offs, LBO’s, bankruptcy turn-arounds, etc).
The most helpful part of the book was the Word and Excel templates the authors use to organize their process. I went to their website and downloaded the templates and they greatly help in streamlining your research. Again, this book’s value was not in the nuts and bolts but in providing a framework to put it all together.
What I like the most is that the book is not a gimmick. It contains no trading tricks or get rich quick shortcuts. The authors provide the tools and a method for you to begin your research and the rest is up to you.
My friend recommended this book this for me, and I absolutely loved it. During my quarantine, I set out a goal to better understand stocks and markets when the economy began to struggle, and this is the resource that I have turned to. I cannot wait to apply the methods I learned throughout the course of this book. I have taken taken many finance courses during my time as undergrad, and none can even compare to this great read. This book not only educated me in how to invest, but also gave me the tools to land my first finance job in NYC.
They have a simple and straightforward goal in an incredibly confusing and intimidating space. The first book anyone and everyone should read before they enter the investing arena. I heard these two speak at my school last year. I was incredibly impressed my their knowledge and background and although I haven’t finished it yet, it’s living up to my high expectations.
Every college student interested in banking should study this religiously. It provides a great foundation for LBO’s and the way in which the big banks work. Debt, Equity, M&A, exc.
What a great read! This book helped to prepare me for my investment banking internship this summer, and I’m recommending it to all of my colleagues. Coming from a liberal arts school, this is a great place to start and is an essential resource for anyone trying to get into the banking industry. The real-life examples that they use from their past experiences make this book come to life, and it allowed me to relate to the material. Clean, organized, and a quick read!
I was recently told that I should look into investing my savings, but I had no idea where to start. Markets and stocks are incredibly complex, and this was the first resource I found that was able to simplify the industry. The organization of the text is great as it allows me to go back to brush-up on topics and terms when I hear about them on the news
There has been a surge in trading these past couple months. Along with golf, investing has been a continued quarantine activity. Platforms like Robinhood, celebrities like Dave Portnoy, and market volatility are all factors contributing to this upswing. After reading this work I feel as though I have more tools in my arsenal while investing.
I’m a student who likes to play the market, but has little training. I picked up this book, read it in a day and feel like I’m finally able to understand how to think about stocks like a pro. I’m excited to put what I’ve read to work in my portfolio.
Fairly easy read for how complex some of these concepts are. I haven’t found a book that has all these concepts in one arena. Not only a great place to start, but also a great resource to brush-up on old concepts as well.
Very easy to follow and great insight for picking stocks. Highly recommend for anyone who is an investor, at any level, to read this book. This is very well organized and really easy to understand, which I really enjoyed coming from someone who is at a starting level.