Wall Street Journal Guide to Understanding Money and Investing
Author: Kenneth M. Morris
List Price: $15.95
Our Price: Click to see the latest and low price
ISBN: 0684869020
Publisher: Fireside (02 August, 1999)
Sales Rank: 1,545
Average Customer Rating: 4.29 out of 5
Customer Reviews
Rating: 5 out of 5
Extremely useful for the amateur investor who needs a primer
If you, like me, are getting started in the wonderful world of investing, this is a book that you need to get. It covers in very simple-to-understand language everything that investing entails from the perspective of the Wall Stree Journal, i.e. if you were to get into and/or follow investments using WSJ as a tool, and what a tool it certainly is. The material is nicely laid out in five sections, all of which can be covered without any specific order, depending on the type of information you're looking for: they also can be read linearly, in order to get a better understanding of the complete picture. The sections are:
-Money: allows you to better understand what money really stands for, the cycle of money, the role of the Fed in regulating the economy, etc.
-Stocks: from what they are, how they "look" like, to how the market works and what cycles characterize it, how to evaluate companies, etc.
-Bonds: same thing, but applied to bonds.
-Mutual Funds: "putting it all together."
-Futures and Options: the higher end of investment.
This book, which also will not take too much time to process, contains a world of wisdom if you're serious about investing, or if you just want to better understand money and investing. Perhaps, if you're not convinced now, after you read it, you might end up more interested in investing, somthing which all of us should in one way or another do!
Rating: 5 out of 5
A good, easy-to-read explanation of the financial world
The Wall Street Journal is, bar none, the best financial paper in the country, but the "Guide to Understanding Money & Investing" is written in a very differnt and interesting manner: the information in it is top-notch, but there are pictures and drawings throughout it, many of which make the book seem like it should be in a junior high social studies class. Despite its physical appearance, the book makes an excellent effort at explaining the stock markets, world currencies, bonds, futures & options, and much more. It is easy for many people to simply dismiss the global economy as being something that they'd rather not be concerned with, but when you examine it closely, the world of finance may be one of the most complex creations ever made by man. The "Guide to Understanding Money & Investing" shrinks that world down into one that can be understood, and by the end of the book, you'll realize just how smart the people on Wall Street are - and just how much closer you are to their level of knowledge. This is not a book that is meant to be read in one sitting; it may be better used as a reference. An excellent addition to any investor's library.
Rating: 5 out of 5
This is My Bible
Even now, after much study of investing, I always come back to this book for clarification. Consider this book as the very basic starting point for all other investing knowledge. YOU CANNOT GO WRONG WITH THIS BOOK!!!!
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