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Dollar Wise, Penny Foolish: A Romantic Book on Stocks for Aspiring Millionaires
Product Group: Book
Publisher: Wise Pen corp. (2005)
ISBN: 0975320807
EAN: 9780975320808
Hardcover: 448 pages
Edition: 1st edition
SKU: 7AB2-039-7-0808
Condition: New New
Comments: BRAND NEW condition. May show MINIMAL shelfwear. *International Buyers Welcome!* (except for prohibitively heavy items, as noted) - Satisfied customers in over 40 countries! We ship quickly and guarantee satisfaction. Your purchase helps support a U. Chicago student
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Editorial Reviews
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Product Description
This book demystifies the arcane science of picking stocks, through the lives of a group of young students. Do-It-Yourself! What do you do when the light bulb burns out? What do you do when you decide to paint your room? You do it yourself! You have learned the art of fixing things involved in your life. However, when it comes to investing, why do you run to someone else to fix it? It is that you do not fully understand the concepts of investing. Choosing the right company in which to invest becomes quite a challenge. How useful it would be if you had the nitty-gritty details of investment, particularly in stocks taught through the form of narrative non-fiction? How useful would it be if the book explains each and every formula that helps in choosing the right companies in which to invest? What a great gift it would be to have the keys to unearth stocks that return at least 20% or more on an average in the long run! The Idea: Anything simplified is demystified! The goal of the book is to present investing in stocks in the form of fiction. Non-fiction reading takes a lot of time, effort and education, whereas fiction reading is considered to be entertainment. The readers will consume the vital medicine of financial concepts wrapped in a capsule of fiction. Understanding finance is like eating dry toast. If the toast has the right spread, it becomes delectable. The book explains that stocks are a form of investment that can reap rewards, as long as the right companies are chosen at a bargain. Even a fifth grader who understands basic arithmetic can master the techniques discussed in the book. The book helps readers of all ages to conquer the fear of investing in stocks. Each criterion involved in picking the right company is explained chapter by chapter. The complex financial concepts involved in evaluating companies are broken down to simple fragments, so that any reader can understand them with ease.
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Customer Reviews
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Touch of Honesty
Rating  (5)
Date: 2006-04-20
1 out of 1 customers found this reveiw helpful
Recently completed first reading of this book; going thru the book once again.
The objective of the book is simple: Explain financial concepts in an easy manner that will help us choose financially sound companies to invest our money.
Lots of people have lost considerable amount of money in the stock market. They relied on sales figures, brand names, coffee-break conversations, an educated (so they thought!) guesswork or market emotions to pick stocks.
Unfortunately, and I am pretty positive, their understanding of the financial concepts or rather the lack of it contributed to their loss. Majority of the investors are ignorant of guiding principles regarding stock market investments.
This book will help people understand all key financial metrics needed to uncover financially healthy companies to seek long-term gains.
I appreciate the effort authors have put to articulate the core message - financial concepts, neatly embedded in a romantic story using fictional characters Sam, Jessica and others.
Although I have mixed feelings about the romance mix it does not take away the credit for the core content - financial indicators needed to measure the health of a company. It has been presented in a simple and straightforward manner, laced with romance, with all jargons explained very clearly using simple examples.
I have read few stock picking reports, news letters and guides(although I don't subscribe to any) that briefly describe technical and fundamental analysis needed to pick stocks. But none even come close to what Siva Nara and Priya Raghavan have laid out in this book. While reading the book, I could sense a touch of honesty in their writings. Its hard to ignore that energy that comes out in between their analysis, figures and acronyms.
This book can be useful in several ways - picking stocks, analyzing a company before accepting a job offer, confronting and countering a stock broker from those full-service brokerage firms etc. Depending upon how creative one is, reading this book may open up a new chapter in personal and professional life.
I'd recommend this book for all those who wish to secure their financial future. Great Job!
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Great guide to investing!
Rating (5)
Date: 2006-03-20
1 out of 1 customers found this reveiw helpful
Dollar Wise Penny Foolish would make a nice textbook for an MBA Finance class. The book presents financial concepts in an easy-to-understand fashion through fiction. The fiction part of the book is understandably a little weak but the financial part of it makes it a worthy read for someone looking for an introduction to the stock market or some guidance on investing.
The book essentially provides tips to long-term investors on what to look for when picking the companies to invest in. It stresses the importance of research in investing and points us to the metrics we need to look for in each company before investing our hard-earned money. It starts off with simple terms like profit and EPS before moving onto margins, yields, etc. Interspersed with this are some interesting facts, nice trivia, historical details and famous quotes that provide some extra knowledge too.
The book follows a nice template for explaining each of the things we should look at before investing. It first provides a simple example with smaller numbers to show us exactly what the term means. It then provides numbers for real companies in the real world to back up its claims of how that particular term determines the suitability of the company for investing. In this way, it comes up with a set of conditions a good company has to meet to be a good target for investing. Ofcourse hindsight is always 20/20 but its still interesting how troubled companies that we're familiar with(Enron, for instance) were actually unsuitable investment targets when one really digs into their past numbers.
The 'fiction' part of the book comes from the way these financial concepts are presented. We get a finance whiz Sam, who explains the concepts to his friends(and eventually, a lot more people). and we follow Sam as he woos Jessica, gets into an accident, attends a job interview, etc. He delivers his talks in a variety of situations like casual conversations, seminars, job interviews, etc. and throws in some quizzes too. The authors add something nice at the end by providing three different scenarios for how the romance between Sam and Jessica ends. One of the scenarios has a really neat marriage proposal that fits the book's subject too.
I just wish I'd read this book before I made all those investments during the stock market boom 7 years ago :-)
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Absolutely , the best !!!
Rating (5)
Date: 2006-01-16
1 out of 1 customers found this reveiw helpful
In a nutshell, the best on how to approach stock market and make your picks. Whatever apprehensions and cynicism I had towards the stock market is gone. I got a feeling that I can invest in the market rationally ( instead of emotionally ). I am one of those who lost in 2001- 2002 stock market. Atleast now, I am better equipped.
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AMAZING
Rating (5)
Date: 2006-01-12
1 out of 1 customers found this reveiw helpful
This book is really one of a kind. I'm half way through the book and have already learned so much, that I wanted to share my comments: This book breaks down the world of stocks into a simple format. The fact that the book is written in a story format makes it easy and interesting to learn all the concepts of stock investing. I have had a few questions and the authors have taken the time to e-mail me a reply. This book is a must have. I definitely give the authors two thumbs up and consider myself fortunate to have purchased this book.
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A really good buy
Rating (5)
Date: 2005-12-29
1 out of 1 customers found this reveiw helpful
I really enjoyed reading this book. It taught me a lot about stocks and how to pick them. The authors have been very helpful and have given me quick responses to my questions. I highly recommend this book.
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