Back and better than ever, If You're Clueless about the Stock Market and Want to Know More is the ultimate stock-market primer. It's packed with user-friendly tips, charts, sidebars, pop quizzes, and resources throughout.
If You're Clueless About the Stock Market and Want to Know More is the perfect title for this snappy info-guide from Seth Godin, a prolific "book packager" who has developed a number of bestselling personal finance tomes. Aimed at the beginning long-term investor--rather than the day trader wannabe often targeted by today's investment tutorials--this book covers virtually all the essential techniques and procedures involved in the process, and it does so in a clear and logical manner. It offers helpful explanations for standard practices, such as deciphering balance sheets and income statements, as well as more sophisticated concepts like options, futures, shorting stocks, and buying on margin. There also are good sections on dealing with brokers, formulating an investment strategy, and using the Net to research and trade. Know absolutely nothing about the market's organization or operation? Godin even provides the fundamentals ("the basic function of the stock market is to provide capital resources for corporations that seek to expand their operations and finance their growth") and a brief history (beginning with America's first stock exchange, formed in Philadelphia two years before Wall Street) to get you started. --Howard Rothman
Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Not a great book for the beginner:
Picked this up thinking it would be a good intro to the market. I was badly mistaken. You can tell the author knows a lot about the stock market, but he does not know how to explain it to someone new. I do not recommend this to beginners because of the wordage, and also don't recommend it to more advanced users as it is probably a rehash of what you already know.
So - So:
the book was fairly uninteresting and almost too broad. I felt like after every tiny section, he assumed you understood and just moved on. I was really clueless and was wanting just any information I could get my hands on. I did learn a little but it wasn't necessarily that helpful. The other reason I chose this book was because the author's name came up when I was discussing Malcolm Gladwell with a friend of mine. I assumed he might be just as intriguing but I got quite the opposite within the text.
Stock Market:
An interesting read for anyone who knows very little about the interworkings of the market and global economics.
Good book, But you Need to GO Further:
These days it's really hard to find trading knowledge that is practical & simple to understand. Most of the info outhere is full of the same thecnical analysis jargon that makes you lose a lot of times. Basically most tehcnical trading books tell you the same story but organized in different chapters using different words and charts as examples. Some places on the web have pretty practical information. One site that I recommend is StressFreeTraders com. They have a pretty clear way for trading... more info
