A new approach to investing based on how Wall Street insiders approach the market
The Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.
Teaching listeners to think about the market in radically different ways, The Indomitable Investor shows how to improve returns - and, just as importantly, avoid losses - with disciplines deployed by people who almost always do exactly the opposite of what Wall Street says to do.
Laying bare great fallacies, the book explains that non-professional investors wrongly think the stock market is a place to make money, which is what Wall Street wants them to try to do. The Indomitable Investor says otherwise and shows how Wall Street's best investors have a completely different focus.
Accessible to readers of all backgrounds, including those with a limited understanding of investing, The Indomitable Investor will change how investors view the stock market, Wall Street, and themselves.
©2012 Steven M. Sears (P)2012 Audible, Inc.
An articulated investment system is not provided. Provides a decent overview of the markets and many of the difficulties both external and internal which impede successful investing. This can be helpful for context. Struggles with more nuanced topics and concepts. For instance, the advice given is to sell losing stocks before losses mount but don't panic sell at market bottoms. This may be a bit confusing for some investors to interpret and understand. There seemed to be an implied assumption that individual investors could potentially time the stock market cycle which obviously is extremely difficult for even dedicated pros.
I think individual investors might find a lot more practical investment help (in fact they are all you will need to transform your investing) in the following books:
Hedge Fund Market Wizards, Stock Market Wizards both by Jack Schwager. Unconventional Success: a fundamental approach to personal investment by David Swenson. The Ultimate Dividend Playbook by Josh Peters.
This book is a great listen. It answers most of my questions about the stock market and stock trading. I had to listen to it many times to absorb the abundant tips and wisdom. Narrator's voice and reading pace is flawless. Highly recommended.
This is "this is out-of-the-box thinking that is so rare in today's thinking. I have traded options for 25 years, and it comes down to a contrarian way of thinking, as well as overall common sense. He has really done his homework, and it takes a lot for me to "turn the wheel," …But, I found his thinking to be in total sync with my own, albeit humbling to absorb the vast amount of information. I found myself hitting the back button a lot, way more than usual!
Bernie Shaeffers is equally as good, but less up to date
No, I will get more!
Clearly worth the time and money, after all time is money!
Ccontemporary look at how markets really work that should have you reevaluating your risk. looking forward to rereading.
This book has changed my entire perspective of finance. I believe every amateur investor should read this book before they start playing the market.
I would recommend this book to new and seasoned investors that are interested in obtaining a insight of how recent events shaped the market today and for years to come.
"excellent if you want a good foundation"
excellent if you want a good foundation in the stock market. how it works and who you have to become to get there.
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