The author reveals how he finds companies on the verge of tremendous growth, and argues that the successful investor must understand the essence of a company
Author Andrew Lanyi has a very entertaining writing style that makes even this difficult to relate topic enjoyable for a large audience. The inclusion of his childhood experience was drawing parallels to the issues he came across in his adult life many times. I highly recomend this book to anyone interested in stockbroking obviously, but to any entrepreneurs that are pondering starting a small business as well. Especially considering Lanyi repeatedly explains how he selects successful businesses on a daily basis.
Andrew A. Lanyi (1925-2009) grew up in Hungary, escaped from a Nazi labor camp during WWII, became a Hungarian stage director, and later fled Hungary with his wife when the Russians attacked in 1956. He didn’t have a job, money, or speak any English when he landed in New York City, but thirty years later Lanyi would be considered one of the best stockbrokers of his generation. He was exclusively a micro-small cap investor that hired analysts to help find great companies easy. I really enjoyed this one.