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Jack

Bellevue, NE, United States | Member Since 2010

8
HELPFUL VOTES
  • 2 reviews
  • 122 ratings
  • 302 titles in library
  • 41 purchased in 2014
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  • How I Made $2,000,000 in the Stock Market

    • UNABRIDGED (3 hrs and 28 mins)
    • By Nicolas Darvas
    • Narrated By Jason McCoy
    • Whispersync for Voice-ready
    Overall
    (55)
    Performance
    (51)
    Story
    (49)

    Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.

    Jack says: "Great story of Success"
    "Great story of Success"
    Overall
    Performance
    Story

    I really enjoyed listening to Nicolas's story. A bit of luck launched his investing career. Repeated failures almost ended it. Determination, self examination, and lots of hard work led to eventual success and a repeatable method to consistently make money in stocks.

    As I listened to the story, I could see elements of Reminiscences of a Stock Operator by Edwin Lefevre, Market Wizards by Jack Schwager, Rule #1 by Phil Town and How to Make Money in Stocks by William O’Neil. What Nicolas discovered was that to make money in stocks, he needed to 1) find the right company and put it on a watch list; 2) wait for the stock price to start moving up before buying in; 3) always protect the downside by placing a protective stop, 4) sell losers and keep winners; and 5) sell when the price stops going up.

    Nicolas's “box” method is very close to the Turtle trading method. It can work spectacularly well, but it does require discipline. He made money as long as he remained disciplined. He lost money when he failed to be disciplined. Excellent story, great message, I highly recommend this listen.

    7 of 8 people found this review helpful
  • How to Be Richer, Smarter, and Better-Looking Than Your Parents

    • UNABRIDGED (7 hrs and 37 mins)
    • By Zac Bissonnette
    • Narrated By Sean Pratt
    • Whispersync for Voice-ready
    Overall
    (13)
    Performance
    (12)
    Story
    (11)

    Striking out on your own for the first time is exhilarating. But in a culture full of bad advice, predatory banks, and splurge-now-pay-later temptations, it can also be extremely dangerous - leading you to make financial decisions that could hurt you for years to come. Combine this with a slumped economy, mounds of student loans, and dubious examples from reality TV stars to politicians to your own parents, and it’s no wonder so many twenty-somethings are struggling.

    Scott Fabel says: "Nothing Groundbreaking"
    "Good advice from Dave Ramsey and Suze Orman"
    Overall
    Performance
    Story

    This is not a bad book if you like a lot of sarcasm dished out with your very basic advice on how to live your life. Essentially, Zac rehashes advice from Dave Ramsey and Suze Orman. It was Dave says this and Suze says that throughout the book. Why not just buy their books instead and get your advice straight from the horse’s mouth and not second hand.

    1 of 1 people found this review helpful

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