If you're new to investing in equities, this book would be a good starter. Jim puts alot of emphasis on stock selection, and not enough on money managment. In my opinion, I value money mangment over stock selection overall. I like the book overall but when you jump from texts on how to quantify market & credit risk and advanced texts on options, it didn't stand out as a "golden text", like some have made it out to be. Another thing is that you can't go more than 3 pages at a time without reading how Wall St has an IQ of 45 or how good he was at his hedge fund, Come on Jim, give us a break!
Overall I'd say it's a good read, you should buy it, it's a good take from someone who after all, ran a profitable hedge fund for a decade or so. But again if you're new to equities, I'd STRONGLY recommend Marcel Link's "High Probability Trading", it's the best text ever for any level in terms of overall content.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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