12/04/2009

Review of Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market (Hardcover)

I read this book hoping for some insight to some of the specific trading strategies RevShark uses, as I have read his website and newsletter periodically throughout the past few years and find myself usually enjoying and agreeing with his market insights.I was a little disappointed in that regard. If you are an investor just starting out, then the book will help you understand that much of what you see on CNBC and read in magazines like "Money" and "Kiplinger" will not help you become a successful investor.Buy and hold is dead, and this book explains why. But for an experienced trader, there is very little here.There were no specific trading strategies, just a summary of some basic ideas from technical analysis and chart reading. There was also a chapter on investor psychology, but again, nothing that has not been discussed in many other books. I was expecting more.

If you are a new investor, may I suggest that you instead get "How to Make Money in Stocks" by William O'Neil. The ideas in the two books are very similar, but explained much better in O'Neil's book.



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