Following up on lifelong investor and Harvard MBA Alex Frey's successful first work, A Beginner's Guide to Investing, this book takes a clear, concise and authoritative look at a subject that has long been obscured by technical jargon or dishonest get-rich-quick schemes.
Whether you are looking to amplify your returns in a sideways market or just educate yourself about how stocks really "work", this is your blueprint. Â Â
Learn:
- The surprising truth about what owning a stock actually means
- How the stock market actually works
- How to value a stock using Discounted Cash Flow Analysis (DCF)
- Five things to look for in a company's financial statements before you buy
- What P/S, P/B, and P/E ratios are and when to use each of them to value a stock
- What the efficient market hypothesis (EMH) is and why it is relevant to you as a stock-picker
- What stock market analysts do all day, and why it is not what you would expect
- What you need to know about "momentum trading" to be a profitable investor
Two or three hours with this guide will have even a beginner well on their way to establishing an investing game-plan for earning returns that exceed those of the overall market.
Best of all, at the end of each chapter the authors include a "Further Reading" section where you can directly link to some of the most influential books, journal articles, and websites on the topic.Â
Picking Stocks is a great primer on the subject for the beginning or intermediate investor. Start here, build your stock-picking foundation, and then go on to read more advanced works about your chosen strategy.Â
About the Author
Alex Frey is a Harvard MBA who has worked at a major investment-management firm and has been investing in stocks since the age of 16. He lives in San Francisco and enjoy reading, hiking, and running when he is not writing or investing.
About the Publisher
Ivy Bytes is a digital-first, 21st century publisher that builds clear, concise, and credible guides to complex and confusing topics.