Stocking Up on Sin : How to Crush the Market with Vice-Based Investing
Author: Caroline Waxler
List Price: $27.95
Our Price: Click to see the latest and low price
ISBN: 0471465135
Publisher: John Wiley & Sons (20 February, 2004)
Sales Rank: 7,580
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
A detailed analysis of winning stocks
This is simply the best investing book I have ever read. Period. There are facts here that ring so true and many principles to apply. These are facts based on research, not just a nice theory.The primary thrust of the book is to present a very good analysis of what so-called sin stocks are and what investors have to gain by investing in them. Do they outperform the S&P? Can we increase our retirement funds by investing in them? Will we be doing something morally reprehensible by putting our money there? The author's arguments comments are simple and convincing.
I like all the case studies in the Stocking Up on Sin. Through clean and entertaining examples the author shows us why sin stocks are a good buttress to the market. She argues that by putting 15% of your assest allocation there you are alleviating some of the risk in the market
I've read a lot of books that about diversification. Yada Yada. You've heard it before but this really makes sense. She also explains about Beta and Sharpe ratios in an easy to understand way so that the reader really understands a. what they're dealing with and b. why they're important and c. why the sharpe and beta ratios of these vice stocks are critical. I never would have invested in a sin or beer stocks before I read this. (I don't drink.) But this book showed me why these stocks are important.
The book is very well researched. The author assembled an amazing arsenal of facts to make--and win--her convincing case. The facts are precise - they are financial performance versus peers - something that can be determined with precision.
Read the book. If you are putting your money in the market it is the type of book that you will keep within easy reach and look at from time to time.
A must buy and 5 stars.
B. McJangles
Waycross GA
Rating: 5 out of 5
A very well written and informative investment guide
Waxler takes us through each area of "vice" investing in an extremely entertaining and thorough manner. The chapters dealing with each of the current areas of vice contain useful charts and figures which even the non-financially astute, such as myself, can understand. Waxler also gives great advice as to how to invest in general as well as a chapter on projected trends in this area. I found the comparisons with socially responsible funds to be very enlightening!An enjoyable and valuable read!
Rating: 5 out of 5
The only investing book I couldn't put down
Hands down, this is the best investment book I have ever read. I'm very highly recommending it. I saw someone reading it on my airplane flight back from Texas last week and bought it as soon as I got home. I found that not only does it explain the basics, like how a low correlation to the S&P is important, but also gives good insights on how I can make money from the things around me in pop culture and in the news. I've never read a book, much less an intelligent and insightful one, which talks about how to profit from the trends I notice. I mean the book even showed how a comment from Samantha on Sex and the City affected Sharper Image's stock!!!! Thanks to Waxler's book I'll know exactly how to interpret and invest in all the vices around me and on TV.
I'm going to Las Vegas next month and definitely bringing this with me in my suitcase!!! Similar Products
Investing in Vice : The Recession-Proof Portfolio of Booze, Bets, Bombs, and Butts
High Probability trading
Why Smart Executives Fail: And What You Can Learn from Their Mistakes
The Intelligent Investor: The Definitive Book On Value Investing, Revised Edition
Bull! : A History of the Boom, 1982-1999: What drove the Breakneck Market--and What Every Investor Needs to Know About Financial Cycles
Book Index