I feel like although he gave excellent advice at times and is a very direct, bold writer, I feel like the book was a little hard to follow. He gives advice, but nothing too exact sometimes. In the second half of the book he refers back to step-by-step advice given within the first couple of chapters, but except for his explanation of the P/E ratio, I didn't feel like he had given such step-by-step advice. I feel like this book is better suited for someone who isn't as fresh to the stock market. This book probably deserves a better rating, but I (being new) felt often confused by what he was talking about. I will say that the last three chapters were very useful. I had been trying to understand options for a while and I felt like he made it very clear with excellent examples. Although I said chapters 8 and 9 were helpful, there were still some parts in which he sounded redundant or confusing.
I have invested and lost plenty before I found this book. Since then, I've made and lost more but at least I now understand what the heck is going on and how to come up with a strategy to at least not lose a lot. He always says that discipline wins out. Don't be a pig and cut your losses early. Even if you don't want to risk your money on stocks, read this and have a clearer picture of the daily business news.
I enjoyed reading about smart investing. However, I would only recommend this to a young, wealthy person with tons of time on their hands who would like to spend 30 hours a week to research companies so that they can GAMBLE in the stock market. I doubt this book would do much for anyone without 20 years of experience behind them in active investing. But I got smarter about stuff by reading it. It has some secrets in it!
great introduction to investing, but read a lot more before jumping right in because not everything is as wonderful as he makes it sound. For example, he talks about the stock market being up over the past 30 years, and therefore it will be up over the next 30 years, but the stock market has been down the past 11 years so... learn some terms, get excited, try it out, but this is a crash course.
I recently set up a Roth and have no idea what to do with the money and so have checked out tons of financial books. After reading this I have decided I am not ready for stocks but will maybe look into an index fund. I you already trade stocks this might be a good book for you.