The Craft of Investing: Growth and Value Stocks ¿ Emerging Markets ¿ Funds ¿ Retirement and Estate Planning

by John Train

"The best book in the investment field I've read in years." -- Paul Erdman, New York Times Book Review "The best...The book is eminently sensible and a pleasure to read." -- Kiplinger's John Train founded Train, Babcock Advisors and is chairman of Montrose Advisors, both of New York. His best selling books on investing include The Money Masters, Money Masters of Our Time and The Midas Touch. He has written several hundred columns for The Wall Street Journal, Forbes, The New York Times, Harvard Magazine, The Financial Times, and other publications. He has received appointments from three presidents, and is a director of several emerging market mutual funds. He lives in New York, spends summers in Maine, and travels frequently to Europe, Asia and South America.

Genres: Finance, Nonfiction, Business

224 pages, Paperback

First published January 1, 1994

About the author

John Pell Coster Train was an American investment advisor and writer. He was a founding editor of The Paris Review.

Reviews

[Gannon Joyner · Rating 5 out of 5]

Fantastic book for anyone who is interested in the economy, and is interested in how to invest. You don't need any prior knowledge because there is a dictionary for terms in the back. Quick read.

[Bernard · Rating 5 out of 5]

Good Introductory book to Investing
- This is a particularly good book focusing on beginners. It covers the basic concepts with value investing (when to buy, when to sell, big players in the market, mechanism in the market, etc.) and also alternative investments.
- It is rather biased towards technical analysis, which I think it has its own virtue.
- Experienced investors will also be delighted reading the author's description on the section "The Market Cycle and its Choruses". The market situation is very lively described, and it is indeed the scene happening every day in every market.

[Phil Slattery · Rating 4 out of 5]

Good overview with excellent advice.

[Liquidlasagna · Rating 3 out of 5]

I don't agree with most of technical analysis

but he's got a a nice way of explaining a lot of stuff

.....

buffet is a funny guy, he doesn't know why anyone would buy gold.....
and well his opinion of TA

Warren Buffett: Smart People Should Avoid Technical Analysis
Technical Analysis is useless, ineffective and to be avoided

mind you, i'm a value investor, but i wouldn't hold onto a kazillion shares of coca-cola like Buffett does, but when you're more an institutional investor and get on boards because of your stock, i guess you're just not a 'typical value investor'

Market Timing and Chart cultists could be the potential weaknesses/biases in the book though...

Charts are cool to study and people liked doing that in the 40s-60s, but there's a lot of reasons charts do funny things....

[Nicolai · Rating 5 out of 5]

does not get better than this!