The Little Book That Makes You Rich: A Proven Market-Beating Formula for Growth Investing (Little Books. Big Profits) | List Price: $19.95
Discount Price: $8.96
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Binding: Hardcover
The Little Book that Makes You Rich [Posted on 2008-06-09]
Very simple to understand and very straightforward. It helps an investor to understand he needs to remain cool, rely on facts and forget about emotions.
Ideas found elsewhere, but overall good [Posted on 2008-07-03]
The book provides 8 clear ways to evaluate if you should buy a stock. These ideas are similar to William O'Neil or other investors, but overall good reminder as to what to look for. You can read this book in an hour. The only issue with this book is that you are basically buying and holding even when the market is down.
Do you want to know what the Author is buying? Go to his web site at www.navellier.com where he manages funds. His model portfolio's are down, some over 20% ! Yes, the issue here like many people that manage funds or model portfolios is that they stay invested even in the worst times.
Indicating what to buy is good as this book outlines, but having people hold on for a gut wrenching ride losing over 20% to wait YEARS to get it back to me is foolishness.
What is missing in this book is an overall market viewpoint to answer the question "Should I be a buyer, selling short, or stay in cash?"
This book does not answer that question. A great book that will and pointed to the down market in 2008 is the classic "Martin Zweig Winning on Wall Street." This book is a real winner and has a similar formula for picking stocks but you will get few results.
I would take Navellier stock picking recommendations then be a buyer based on Zweig's marketing timing model. Why buy big in a down market? If you want a gut wrenching experience go to Cedar Point or 6 Flags.
Hype. Self promotion and marketing machine at work. [Posted on 2008-09-05]
Before employing this strategy, i suggest you review the performance of Navelliers mutual funds on Morningstar.com and/or other websites. Despite tremendous performance figures presented in the book, most of his funds rank poorly over the last 5 years on an annual basis. They are typically in the bottom quartile. Yes, his long-term numbers are still good and occasionally he has a decent year, but the reality is that the performance outlined in the book isn't what he's delivered over the last 5 years.
I'm always very leary of performance claims without the supporting data. For a "numbers guy" I was suprised only the basic return numbers were included. No supporting information is provided the shows the annual returns, risk or tracking error. Nor is the benchmark discussed. Further digging showed why. There is s huge disconnect between the real performance of the funds he runs and what's presented in the book. Be care employing this magic formula as, for the most part, even Louis doesn't produce the numbers he claims.
The Little Book that Makes Navallier Rich? [Posted on 2008-09-29]
Overall, this is a good book. I think the whole "Little Books, Big Profits" series is great and I hope they continue releasing more books.
Navallier isn't the greatest writer, but he's not all that bad either. He's a self-confessed number crunching geek and it shows through his analytical style of writing where he wastes no words.
However, I question his true motive in writing this book. Was it truly to divulge his successful technique or was it the perfect book to guide you to subscribe to one of his newsletters? He offers a free (currently) website that evaluates stocks based on the criteria he lays out in his book, but sign up for it and hope you have a good spam filter.
The true value of this book is actually part of the other "Little Book, Big Profits" series. First, read the whole series and you'll have a good understanding of how the market works and how to invest. But the true value is in combining this book with Joel Greenblat's book and Pat Dorsey's book. Greenblat has a stock screening program as well that is also currently free. Start with Greenblat's screened stocks, evaluate their economic moat, as described by Dorsey, then check the grade Navallier's program gives the stock. Between all three steps, you're sure to find winners.
Good book, great series. Combine the knowledge of all these professionals and you'll learn a lot.
I am the suffer of this book [Posted on 2008-11-02]
I bought this book last year and subscribed one of his services bluechip growth. Up to now, the whole portofolio is down more than 50%. What is relative unbearable is:
(1) When his stocks hit hard, he did not take risk control. Instead, he insisted that he focus on fundenmental and wall street is wrong. So he should go back to school to learn the first rule of investment.
(2) When he finally decided to sell of some of really bad stocks, he kept saying he did good job and looked for better ones.
(3) Even with the fact that the whole portofolio has down more than 50%, he manupilate the performance of his certain stocks in certain period to boost his service.
I believe I am not the only one who suffered his lier and marketing crap. The following blog has the collection:
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