Type of bind: Paperback
EAN num: 9780975584200
ISBN number: 0975584200
Label: Data Driven Publishing
Manufacturer: Data Driven Publishing
Page Count: 501
Printing Date: 2004
Publishing house: Data Driven Publishing
Sale Popularity Level: 770870
Studio: Data Driven Publishing
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Editor's Notes and Comments:
Product Description:
Data Driven Investing-Professional Edition answers dozens of questions that stockbrokers prefer to duck, revealing both the flaws in the traditional investment system, and the common sense secrets that successful investors have used for decades to beat the big guys. This is the very first time that dedicated investors can find in one place all the tools, simply explained, that make it possible to earn superior returns. This revolutionary approach-based on hard data and common sense puts into your hands the power to control your investment destiny.
User popularity level:
Rated by buyers -
I agree with the other reviewer's praise of the authors writing style. Their prose is elegant and they make use of examples to paint a clear picture of the concept for their readers.
I am an experienced investor and found it insightful and enjoyable. But I imagine a beginner would also benefit. The concepts are so well explained I thought it might make an excellent textbook for a college course.
There is a very interesting section that describes the authors' research into long-term investment cycles and how to best match an investment type to a particular cycle. The authors have included all of their research in the form of tables, but you can skip the tables and read just their conclusions and advice.
The author has also included his real brokerage statements as an appendix. I didn't read these. I suppose they are there to add credibility to his outstanding track record.
My favorite section was a scholarly recap of all of the different types of psychological biases that afflict investors. These can be helpful in gaining a trading advantage on other investors or can be therapeutic in evaluating your own trading foibles.
I also liked the section where they took you through a typical trading day and shared their routines for gathering and analyzing data. This section had lots of miscellaneous tips and practical trading techniques that the reader can employ.
I received the book as a gift, but I would gladly have bought it and would recommend it to anyone who is interested in being a better stock trader.
Rated by buyers -
I have not yet carefully reviewed every chart in this thoroughly well researched book, but I have read the text, and I think it is the finest, most insightful investment book ever written --which is perhaps reflected in the author's astonishing performance.
I would recommend this book to every person who invests in stocks---even if only in mutual funds.
Mr. Matson is obviously exceedingly well educated and qualified, and perhaps just plain brilliant, so wading through some of the book it is a bit tough. Nevertheless, if anyone wants a truly superb, incisive education in actually making a great profit in the stock market, this book, more than any other I have read (including Lynch, Makiel, Buffet, Graham, etc.), is the one to buy and study.
One caveat---I doubt that Mr. Matson would be able to achieve the same astonishing peformance were he managing a portfolio of more than, say $100M, as the methodology he uses seems to me to be more uniquely suited to small stocks otherwise unsuitable for very large portfolios.
But, for the average investor, and anyone who has less than, say $5 million, invested in the market, this book should be your Bible.
Truly a stupendous effort, and an outstanding book richly laden with insights helpful to the somewhat sophisticated average investor.
This book is definitely a gem.
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