I am a student in economics, and a student in the market, as well as a fairly serious amateur buy-and-hold investor. Based mostly on the introduction, it is easy to identify this author as possessing only a cursory understanding of his subject matter.
In attempting to justify his basis for the book, he dismisses the 'efficient markets' and 'random walk' by stating that they are wrong by common sense, with no real argument whatsoever. There are many intelligent arguments, with hard evidence, for and against these popular theories. The author doesn't seem to realize this, and attempts to sound like he knows what he's doing just by mentioning them. Dismissing competing ideas simply with an appeal to common sense is ridiculous.
Later, he says that to have success with fundamental analysis requires being able to analyze stocks "as well as anyone else." So, you need this book, apparently. But, on the very next page, he dismisses going to a professional for stock advice by noting that, in one study, only 22% of professionals beat the market averages. It would seem that professionals would be some of the best at analyzing stocks, but they are unable to beat the market averages. So, the secrets in the book are supposed to allow you to outperform "the pros"? Mentioning that professional money managers usually fail to beat the market averages also contradicts his "common sense" dismissal of efficient markets. (The efficient markets theory basically says that the current price of any stock is an accurate reflection of all available information, implying that the future performance of is unpredictable and an investor's results are based on luck).
He states that the markets are beatable because the market overreacts to breaking news, sending stock prices too high or too low than should be. Again, the reader is expected to take this on little more than faith. For a long time this was believed to be the case, but recent research by economists seems to show that while overreactions to news do occur, the market is almost as likely to undervalue the importance of news, and that it is impossible to tell which are which.
Such serious flaws in the premises for a book indicate the author does not really understand his subject matter. There are much better books on the market which teach well-argued, balanced approaches, and are able to admit that opposing ideas do have merit. Look elsewhere, or at least read the sample pages available here before you buy.