The Big Secret for the Small Investor

Customer Reviews

22 Ratings

Overall Ratings

  • 4 out of 5 stars
  • 5 Stars
    12
  • 4 Stars
    3
  • 3 Stars
    4
  • 2 Stars
    3
  • 1 Stars
    0

Sorted By Most Useful

2 out of 5 stars
By Matt Lewis on 03-14-18

still wondering where the secret is

unfortunately i found this book a bit of an example of a C grade student trying to get through their exams - dump everything down on paper you can remember and fail to reach any conclusions

I think the book can be summarised in:
investing is hard
it takes patience
you probably cannot beat the market so just buy a low cost index tracker
value stocks beat the market but due to going against the herd and tracking issues it will mess with your head
smaller stocks will have best opportunity as big players won't be fishing in that pond

It's a pity as Joel's other books are fabulous and the magic formula was revolutionary

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1 of 1 people found this review helpful

3 out of 5 stars
By Amazon Customer on 08-15-15

Good introduction to some key truths

What was the most interesting aspect of this story? The least interesting?

It presents key issues that are vital to understanding how collective investments work, their weaknesses and the true behaviours of fund managers. It steers people towards passive, cheaper, systematic investments in the form of ETFs and particularly the newer breed of 'smart beta' ETFs. However, whilst the journey was enjoyable and informative, they could have just skipped to that simple suggestion without the need for an entire book. But if you are new to investment then the ideas will not be lost, they will be valuable.

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1 of 1 people found this review helpful

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