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The Indomitable Investor: Why a Few Succeed in the Stock Market When Everyone Else Fails
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 readers 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.Explains the critical ideas and insights of top traders and investors in language anyone can understand and implementPacked with material rarely shared off Wall Street that is used every day by professional investorsIntroduces the 17 most important words on Wall StreetTeaches critical skills, including: How to increase returns by focusing on risk, not potential profits; how to use the stock market's historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market; how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you--not mutual fund companies, and how to analyze information like seasoned investors to move beyond "statement of the obvious" news reports that turn ordinary investors into Dumb Money
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.
Teaching readers 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.Explains the critical ideas and insights of top traders and investors in language anyone can understand and implementPacked with material rarely shared off Wall Street that is used every day by professional investorsIntroduces the 17 most important words on Wall StreetTeaches critical skills, including: How to increase returns by focusing on risk, not potential profits; how to use the stock market's historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market; how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you--not mutual fund companies, and how to analyze information like seasoned investors to move beyond "statement of the obvious" news reports that turn ordinary investors into Dumb Money
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.
238 pages, Hardcover
First published January 1, 2012
32 people are currently reading
136 people want to read
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Displaying 1 - 14 of 14 reviews
March 5, 2018
Great book, I give it to all my clients upon request. Everyone knows when to buy stocks, but few know when to sell. There is no greater skill than risk management in the capital markets.
August 27, 2022
Filled with sage advice. A great primer for less experienced investors and some helpful reminders for seasoned professionals.
November 21, 2013
Steven Sears is not presenting a specific plan for investing in this book. Please don't expect one. His objective is different....his focus is on the two persons every investor must beat in order to succeed....himself and the investor taking the other side of the trade. With respect to the first, every successful investor learns to has overcome human nature and natural tendencies, which pushes unsuccessful investors into consistently bad decisions. With respect to the second, Mr. Sears is absolutely correct...there is an army of incredibly intelligent Wall St. traders preying on "dumb money". They are extremely good, so if they are taking the opposite side of your trade....beware. Detailing these two "competitors" is the value of this book. Steven Sears attempts and succeeds in making the serious investor wiser.
January 25, 2020
Rather basic book in concept. Cant say I took away anything that valuable from it. Have read books by Benjamin Graham and Peter Lynch. This book seems fairly centered for beginners. Was hoping to find more tips or numbers to be mindful of before owning a company. Would recommend for beginners.
January 31, 2021
Discipline, resilience and self reliance
It's a book of common sense. It lists out the benefits of a contrarian approach. It emphasizes the importance of personal attributes like discipline, resilience and self reliance. Some chapters are more relevant for US readers. It's a good read.
It's a book of common sense. It lists out the benefits of a contrarian approach. It emphasizes the importance of personal attributes like discipline, resilience and self reliance. Some chapters are more relevant for US readers. It's a good read.
November 8, 2024
Decent advice for beginners (myself included). The best part of the book was the brief section where the author prints some of their favorite investing """"jokes""""
Key Takeaways:
Contrarian investing (invest when people say it'll never get better, sell when people say it'll only go up) is a good way to not end up a bag holder, when you hear people who normally dont talk about stocks saying you should buy stocks that means its time to sell
Key Takeaways:
Contrarian investing (invest when people say it'll never get better, sell when people say it'll only go up) is a good way to not end up a bag holder, when you hear people who normally dont talk about stocks saying you should buy stocks that means its time to sell
December 16, 2012
I wish I had more time right now to review this book. I'd give it 4 1/2 stars if we could award half stars. It doesn't quite deliver on its subtitle "Why a Few Succeed in the Stock Market When Everyone Else Fails", but it comes close with lots of good insights and potential strategies. Some of the advice is well-known and oft heard (like most full-service brokers don't have your best interests at heart) but it doesn't hurt to hear it again. Most of the information is much deeper than that. I wish Mr. Sears had provided more individual stories to give more substance to some of his points. I think most people who have an interest in investing will find this book to be a worthwhile read.
September 27, 2015
This is good book with a lot of why and very little how. Don't expect to come out of this book with a detailed plan on how you will succeed, but you should come out with an understanding of how the game is played.
I did find it interesting to understand the monthly gyrations that Wall St. goes through and how PMI and PCE are leading indicators and I've been doing follow up reading on it.
I was attracted to this book from Sear's writing in Barron's and like his directness and balance between risk and reward. Book is similar but at much higher level and not prescriptive in any way.
I did find it interesting to understand the monthly gyrations that Wall St. goes through and how PMI and PCE are leading indicators and I've been doing follow up reading on it.
I was attracted to this book from Sear's writing in Barron's and like his directness and balance between risk and reward. Book is similar but at much higher level and not prescriptive in any way.
November 6, 2022
Very good starting book if one decides to undertake active investing (as opposed to more passive approaches such as index investing). The book lays out some pros of active investing and gives general explanations of what indicators to watch out for and in what broad ways one can take advantage of them. I would recommend it less to someone who is already a seasoned active investor.
June 7, 2014
No specifics or detailed methodology...just overall principles and checks to help guide investors through the torrent of the market without feeling overwhelmed. A good read with enough insight to get one started.
April 18, 2013
It is not a get rich quick book on investing which I liked. It is definitely worth reading as there is some good information on investing overall.
June 1, 2013
this book contains ideas that support a long term investment strategy.
July 29, 2014
Good book for introduction to the stock market and related investments.
January 11, 2015
Great insight on why most investors fail in the stock market.
Displaying 1 - 14 of 14 reviews