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Investment Book Reviews: Have You Been Brainwashed?
Most
popular investment books are published for the already rich and famous, by an
industry that has become just too good at the business of selling books. Rarely
will a publisher take a chance with the work of an unknown author. Certainly,
it's a no brainer to sell a Jim Cramer, Peter Lynch, Robert Kiyosaki, or Maria
Bartiromo effort while a uniquely new approach to solving the puzzles of Wall
Street, presented by an unknown writer or commentator, requires some major
financial risk.
Big
publishers want to sell already big names; discovering new ones is not in their
wheelhouse. Are they responsible for the problems in the financial markets? Of
course not, but they do have a perverse, if indirect, impact. By constantly
publishing the same Wall Street friendly message, they contribute to the
brainwashing.
Without
a wider distribution of new ideas based on old wisdom, Wall Street as usual
remains Wall Street as usual and the average investor remains uninformed and
ill advised about the dangers of the financial markets. The biggest investment
mistake generators are cleverly ignored by most of the books I've read about
investing--- even compounded.
The new
generation focus on calendar year instead of market cycle performance; the
worship of portfolio market value alone, for all securities, even those
purchased solely for income production; the use of gimmicks and products
instead of securities for portfolio development; the acceptance of speculations
as acceptable, "alternative" investments.
Appreciating
the differences between investing and speculating, and learning what to expect
from your securities in cyclical markets are things that investors must learn
about. Have you been brainwashed? These 15 Amazon members are learning to think
outside the Wall Street box, without any help (or investment) from publishers:
1)
Super Investing Book: I've read a bunch of books on investing and money
management, and this is the best, BY FAR!!!!! It's so good, and refreshing,
that I've read it twice. (R. Q. A., Bryan, Texas)
2) Back
to Basics: This is an eye-opening and intelligent book, which at once offers an
analysis of the investment industry and a practical guide for non-professional
investors--- a clear set of economic principles mixed with clear commonsensical
advice. The author--- describes how to benefit from the ups and downs. Great
book. (Professor P. W., Jerusalem, Israel)
3) The
Best Investment Book I Have Ever Read: For skittish investors such as me, [the]
unique Working Capital Model reduces the emotional factor by taking the
emphasis off market value and focusing on growth of working capital. I
implemented and followed the trading strategy myself. You would do well to buy
this book and read it two or three times. It will save you [from] a lifetime of
mistakes that come from following conventional wisdom. (D. J. F., Peoria, IL)
4) Easy
to Understand, Even for Non-Investors: This book seems to be much easier to
understand than the stock market trading systems advertised on TV. (P. L.,
Manchester, CT)
5)
Happy User: You can take this system to heart--- and to the bank. It works for
me. (L. J., Phoenix, AZ)
6)
Unique Advice that Stands Out From the Crowd: This is one of two [books] that
stand out. Besides being written in an entertaining and irreverent style, it
has immensely practical advice. Focus on making money on the market's inherent
volatility vs. trying to guess what's next. Saves a lot of time and appears to
work. (C. M. Rakes, Annandale, VA)
7) An
Enlightened Self-Managed Investor: Not only did I identify many many mistakes
that I had made thru the years, but the logical approach outlined [in the book]
has to make sense to anybody who has tried to get meaningful portfolio
guidelines for future investments tailored to individual needs. Great Book! (A.
C., West Palm Beach, FL)
8)
Right on the Money: I didn't want to put the book down until I was through.
[The] trading strategy is refreshing information that should make a lot of
people a lot of money with less risk. (D. M., SC)
9)
Investing Made Successful: I heard [the Author] on a talk-radio program and was
intrigued by the premise of the book. After reading it, I'm convinced. I'm
migrating from mutual funds to individual, high quality equities. [The book]
was a slap in the face to make me stop my destructive investing habits. (G. P.,
Colorado Springs, CO)
10)
What a Great Read: This is really an incredible book--- [it] has incorporated
very creative insight with some highly original thinking to produce one of the
best "investing manuals" ever written. I wholeheartedly endorse this
book! ("Jointhefreedom", NM)
11)
Courage To Go Against the Pack: The [book] is written in an exciting,
enthusiastic, fast moving, style that reads like a novel. Should I ever venture
into the stock market, it will be with this book. (S. M., Virginia Beach, VA)
12)
L-O-N-G Overdue Investment Strategy Advice: I've long been skeptical of the
generic advice handed down to me by advisors over the past--- I don't know any
wealthy people who do this. Well now I have a frame of reference for my doubts
about the system and a simple plan to take control of my investments. (B. S.,
Vancouver, BC, Canada)
13) A
Must Read To Save Your Money From the Sharks: Written in a conversational style
with plenty of humor, this book gives you the questions and answers you need to
keep and increase monies that are being put away for retirement. I have
purchased three books already and am purchasing five more to give to friends
and relatives--- (R. M., San Jose, CA)
14)
Brainwashing of the American Investor: Finally the truth! What an eye-opener to
see how the markets, and the people behind the markets, have manipulated the
average investor over the years. I highly recommend [this] book for your next
financial read. (A. J. L., Ft. Pierce, FL)
15)
Profit Like a Trader; Sleep Like an Investor: The technique or strategy
presented is almost a "why didn't I think of that?" The idea is to
run your portfolio the same way you would run a business---not a get-rich-quick
kind of plan. You just focus on the essential measures of quality. The key is
to maintain your plan during the slow times and reign in your greed during the
boom times. (P. G., Moon Township, PA)
Please
forgive this blatant self-promotion--- a statement about the no-risk attitude
of the publishing industry today. Small publishers can't afford to promote new
authors on a grand scale and some choose not to deal with the full-return
guarantee demands of the bookstores. Stuck in the middle with no choice, we
have to do it ourselves.
If your
book review isn't posted at Amazon, please add one. If you know anyone who
should read The Brainwashing of the American Investor, send them a copy of your
review.
Steve
Selengut
sanserve
(at) aol.com
800-245-0494
http://www.sancoservices.com
http://www.kiawahgolfinvestmentseminars.com
Amazon,books,book
reviews,investmentbrainwashing,publish,Cramer,Kiyosaki,Peter Lynch,Bartiromo
Big
publishers want to sell already big names; discovering new ones is not in their
wheelhouse. Are they responsible for the problems in the financial markets? Of
course not, but they do have a perverse, if indirect, impact--- they contribute
to the brainwashing.
Amazon.com
Investment Book Reviews: Have You Been Brainwashed?
The
Brainwashing of the American Investor