Wall Street On Sale
Author: Timothy P. Vick
List Price: $22.95
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ISBN: 0071342052
Publisher: McGraw-Hill Trade (31 December, 1998)
Sales Rank: 27,401
Average Customer Rating: 4.15 out of 5
Customer Reviews
Rating: 5 out of 5
Outstanding book in a time of "irrational exuberance"
This is an outstanding book, and is very timely in our present market of "irrational exuberance." The author effectively dispels the arguments of efficient markets, market timing, and even technical analysis with a focus on a company's inherent value, rather than a company's transient stock price.
For example: the author illustrates that how dividends are responsible for about half of the historical returns of the Dow Jones Industrial Average, and how growth in earnings correlates very well over time with stock price appreciation.
In a time where companies are trading at generous premiums to their growth rates, this book gives the reader an effective, systematic approach to selecting "value" stocks.
If you have ever wanted to learn about what a "value" stock is, and do not want to delve into the dry prose of Graham, this book is for you!
I have read numerous books on personal finance and investing, and this is honestly one of the most thought-provoking and interesting books I have read on the subject. I wholeheartedly recommend it to all readers (especially those willing to pay top-dollar for non-existent earnings at Amazon!).
Rating: 5 out of 5
Wall Street on Sale is the BEST-- by a longshot!
For more than two years, my husband and I have been searching for a one-stop shop primer on how to pick a good stock and build a portfolio. Wall Street on Sale is it. It is carefully researched, answers every question an investor wants answered (how to find value, how long to hold, when to sell, how many stocks to own, how to maximize returns, etc.), and is wonderfully written. I have also read some of the books on Warren Buffett and value investing and found Wall Street on Sale to be the BEST- by a longshot. The author's early chapters on contrarian investing and ignoring the market are as potent and groundbreaking as you will find. His later chapters on valuing companies give even more detail than anything Peter Lynch has written. A lot of investing books seem to be written just to build the author's fame or to entice you to use a system that may work short term. I got the impression from reading Wall Street on Sale that the author truly wanted to help investors understand the complexities of the market. This book will convert any reader instantly to the value side. Anne Dennison, Tinley Park, Illinois
Rating: 3 out of 5
Best Investment book
I have read many investment books but this gets my vote for the best of all of them. It is very easy to read as it is so well written and Mr. Vick makes many points that are so indisputable that I plan to re-read and re-read this book many times over in order to see through the sales pitch that Wall Street often sells us. Similar Products
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