The Five Rules for Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market
The Five Rules for Successful Stock Investing
“By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless.”
–Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors
Over the years, people fr… More >>
The Five Rules for Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market
Posted in Business and Investing | 
Tags: Building, Five, Guide, Investing, Market, Morningstar's, Rules, Stock, Successful, Wealth, Winning
I was utterly appalled by the sheer stupidity of the book review submitted by ‘amodeus1791 from New York City’(28Jan04) – who claims he never read the book, but then he submits a self-admitted ignorant review of this book. I was even more appalled that Amazon allows “non-review” book reviews to be submitted!! Evidently, `amodeus1791 from New York City’ is a terribly un-read, unsophiticated, myopic, arrogant person who is abundantly ignorant of history also. Clearly, `amodeus1791 from New York City’ is the epitome of an example for that insightful maxim “Living is easy with eyes closed – it’s understanding all you see.”
So-called amateurs have made incredible contributions to knowledge in a variety of technologies and sciences in the ecourse of human history. And so-called amateurs have also made incredible millions in the stock market too. It is precisely the discerning amateur eye that has broken ill-fated innummerable mindsets throughout history time and time again. Why? Simply because so-called ‘amateurs’ aren’t afflicted with myopic blinders – or blindfolds as in the case of ‘amodeus1791 from New York City’. (You also have to question whether or not a respected research company such as Morningstar would really publish a true & pure ‘amateur’ on such a subject?)
My first recommendation is that all Amazon readers trash ignorant garbage that is spewed off so indiscriminately like that from `amodeus1791 from New York City’. I also recommend that Amazon refuse to allow “non-review” book reviews to be published on Amazon!!
Actually, if you are looking for a variety of perspectives on a very complicated subject that is part science, part gambling, part intuition, and part art – then this book is as good as any other “random walk” before graduating on to the Benjamin Grahams and John Murphys of the world. It is well written, well researched, well organized, and well thought out — unlike `amodeus1791 from New York City’.
And for that matter – don’t place any faith in my review either -just read the book if you are a semi-serious student of the subject. Because if you are a semi-serious student of the subject you’ll want a variety of input – and you’ll know how to make up your own mind as to what market perspectives suit your style of investing.
And by reading the book – you’ll know infinitely more about it than `amodeus1791 from New York City’ does!
Rating: 4 / 5
Very good! This book is a very interesting approach into fundamental analisys. I recommend it if you need to know how to analyse several sectors of economy.
Rating: 4 / 5
I believe this book will provide any investor with a good foundation for successful investing.
Rating: 5 / 5
This book is one of the best starting point. After reading this book, I have read many other books, I think this is the best starting point.
Rating: 5 / 5
The book is a great introduction to the basics of corporate accounting and valuation. It’s a sound strategy for the average investor interested in long-term capital gains for retirement, college etc. But why not just buy a good mutual fund? Morningstar is basically applying the same principles of mutual fund investing to stocks. Odds of finding the next microsoft with this strategy….basically nil, odds of buying and holding microsoft for the next millenium….very good. If you are an aggressive young investor who wants to find the next gold mine and can handle the risk of losses, look elsewhere. I suggest anything by William O’neil.
Rating: 3 / 5