A pioneer in the financial media, Dick Davis has interacted with the investing public for over forty years. With his new book, he continues this trend. The first part of The Dick Davis Dividend contains an easy-to-read, yet profound discussion of the essentials of investing―focusing on the savvy veteran’s often unconventional, core beliefs. While the second part of this engaging guide makes a compelling case for combining both passive investing via index funds and active investing via stocks and mutual funds.
Part 1 was outstanding. Some gold is within those pages. A bit US centric on some of the other sections but the conclusion should be read by every investor as it summarises very succinctly, what factors come into play to be a successful, long-term sharemarket investor.
Some parts were a bit repetitive, but I think that's deliberate to drive home the message. Can make reading a bit of a slog at times.
Most of what I read is obtained from the public library. There are very few investment books that I would personally own. The Dick Davis Dividend is one of them.
Davis condenses over 40 years of financial journalism experience into over 400 pages of profound yet comprehensive investment discourse. A clear departure from convention, Davis drives home his points free of classic economic theories and much repeated clichés. Instead what he relies upon are his own meandering experiences dabbling in the stock market from a rookie journalist to the esteemed veteran he is today.
His autobiography did not interest me. The historical background on dividends and the market was very interesting. I purchased the book for it’s insight into the Billionaire’s portfolios like Warren Buffet and John Bogle. There are many portfolios for IRAs or just basic investing than can be replicated. I did for it my IRA’s. Indexing is the key here.