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Why Stocks Go Up and Down, 4th

$39.99 $29.00

Why Stocks Go Up and Down, 4th is devoted to educating readers on the fundamentals of investing. Investing in stocks without an understanding of fundamental analysis and stock valuation is little more than gambling. The authors are experienced portfolio managers who have taught investments to both individual and institutional investors for many years. We assume no prior knowledge of investing, but because the book was initially written for people in the investment industry, we go into far more detail than other investment books.

Category: Tags: , , Product ID: 169

Description

Why Stocks Go UP and Down, 4th provides a sound understanding of the fundamentals of investing in stocks and bonds. The book details the topics of financial statement analysis, cash flow generation, and stock price valuation in far more depth than other foundational books. It is perfect for readers with little or no background in investing, and is certain to add value for experienced investor as well.

An excerpt from the book can be found here.

Additional information

Weight .73 lbs
Dimensions 9 x 6.5 x 1 in

1 review for Why Stocks Go Up and Down, 4th

  1. Administrator

    WHAT DO READERS SAY?

    The following are reviews from readers who purchased the book on Amazon (average rating of 4.2 out of 5.0):

    ★★★★★ Excellent first book on investments “I have been a professional money manager, in charge of over $5bil. in international funds. This was the first book I read on the subject of stocks, over 15 years ago, and I still think it’s one of the best: lucid, friendly, non-patronizing. It dares to cut through the obfuscating language of the profession and the tons and tons of blah, blah, blah, and answer that basic question, ‘What is a stock?” This is the one book I’d recommend to anyone wanting to find the answer, complete beginner and seasoned veteran alike. (I am constantly surprised to find out that even professionals can’t give a clear answer to this question; and the market’s behavior over the past 2 years suggests that many never knew it in the first place.) To first-time readers, I envy you; good luck on your journey!” – A customer

    ★★★★★ All new investors should read this before any other book “For several years now, I’ve been trying to read books like Graham’s The Intelligent Investor and Fisher’s Common Stocks, Uncommon Profits, but was always stymied by some language that the authors seemed to just expect me to know already. I heard about this book from an interview with Michael Burry, the brilliant investor who shorted the subprime CDO market (see The Big Short by Michael Lewis), who said that it is a great book to learn the fundamentals.

    It is really clear that Bill Pike has taught this subject for many years, as he seems to anticipate all the questions that a beginning investor would have and answers them in such a clear manner–clearer than any other teacher I’ve come across. This is how all introductory books should be written!
    Now I can finally tackle the stack of investing books that I’ve acquired over the years AND UNDERSTAND THEM!” – B Winter

    ★★★★★ Great Primer “This book is very useful for anyone who wants to learn about the work that an equity research professional does. I think it’s excellent.” – JO2446

    ★★★★★ “If you are a complete neophyte wanting to learn how to read/understand/analyze financial statements then this book is for you. This book starts off by describing what a company is, how and why everything is accounted for – in simple and unassuming language. The book also explains the concepts in detailed yet straightforward way such as working capital (receivables, inventory, prepaid assets), financing (equity/debt) and finally what makes common stocks move. It was perfect for me because I hadn’t taken a single course in accounting and didn’t have any background in finance. Overall – excellent intro book for beginners wishing to learn and understand the basics.” – SSD

    ★★★★★ An Amazing Book “I have read multiple, as well as a variety of books over the past fifteen years,since I started to invest in the market.I read the first edition many years ago, and I read the latest edition several months ago. The excellence continues.You will not learn technical analysis, but you sure will learn the basis of fundamental analysis in a lucid and highly stimulating manner. Use this book as the foundation and then use any of the multitude of books out there to expand this basic knowledge.When you further your reading it will be done with a sound basis in fact. Good Hunting!” – A Customer

    FROM GOODREADS…

    ★★★★☆ (4.5 out of 5.0)
    “An in-depth introduction to stock and bond investments. Assumes the reader has no prior background. Covers in narrative form with examples: fundamentals of financial statements, financial ratios, primary and secondary offerings, price/earnings ratios, commonly misunderstood terms such as ‘capitalize’, ‘equity’, ‘cash flow’, ‘diluted earnings’ and more. Book is not just a glossary, but explains things in depth.” – GoodReads

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