Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street (Wiley Audio)

Krass, Peter; Poe, Richard

3.65

191 ratings by Goodreads

9781560150459: Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street (Wiley Audio)

ISBN 10: 1560150459 ISBN 13: 9781560150459

Publisher: Penton Overseas Inc, 2000

An anthology of fifty essays and speeches from the most successful and colorful investors of our time discusses the strategies and psychology underlying the market game. Book available.

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Review:

Don't learn from your own mistakes. Learn from the mistakes of others. That is the underlying message of The Book of Investing Wisdom. In fact it goes much further than that. It encapsulates trading experiences and investment wisdom that only come from years of experience at "the coal-face". And it is all written in the words of the greats. The wisdom of others is a great way to boost your own skills. Books like New Market Wizards, Market Wizards and Mind of a Trader all speak from the mouths of the person with the experience--that is the purest form of trading education short of living it yourself (impossible) or shadowing the giants (impossible). Far too many traders and investors neglect books such as this one when in fact the insights here are far more valuable than any text book or probably any other category of trading or investment book. The Book of Investing Wisdom is an excellent read, avoiding superficial cataloguing of investment writings by geniuses and covering all the right topics. It includes snippets of excellent, profound, unusual and non-prevalent advice. It avoids the trap of re-stating the most obvious investment principles and covers all of the famous investors and traders--Warren Buffett, Jim Rogers, Peter Lynch, Dow, Templeton, Merrill, Getty, Soros, Graham--but also lesser known giants such as Hamilton who covers the Dow Theory, Bernhard on the Valuation of stocks and Clews on the Study of the stock market.

The book is arranged into distinct sections, each one essential reading for any trader. The part dealing with market cycles and "Crash and Learn" was interesting in a more general background fashion, as was part V--"Views from the Inside". The last three parts were perhaps less directly relevant to investment wisdom and fascinating for different reasons. It could have done with more analysis by the editor to draw out and expand points raised by the writers and he has also shied away from including numerous excerpts from the same investor, opting instead for one piece from each. Oh, and what is Donald Trump doing in here? If The Book of Investing Wisdom retailed for the value it provides, few would be able to afford it.--Alpesh Patel

Review:

Editor of The Book of Leadership Wisdom "A great patients′ drug is one that cures an affliction once and for all, but a great investor′s drug is one that the patient has to keep buying." –PETER LYNCH

"Those who invest well have an innate ability to distill abundant, raw information into the scarce commodity of wisdom. Here′s how some of the best have done it down through the years." –David H. Komansky, Chairman and CEO, Merrill Lynch & Co., Inc.

"I personally knew moderately all the characters except Charles Dow. Any opportunity to learn more from such people is an opportunity that should not be missed." –Roy R. Neuberger, [his job title TK], Neuberger Berman Inc., and author of So Far, So Good: The First 94 years

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