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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 listeners 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 implement
Packed with material rarely shared off Wall Street that is used every day by professional investors
Introduces the 17 most important words on Wall Street
Teaches 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.
Customer ReviewsMost Helpful
By Amazon Customer on 09-10-16
Geared to fairly inexperienced, naive investors
An articulated investment system is not provided. Provides a decent overview of the markets and many of the difficulties both external and internal which impede successful investing. This can be helpful for context. Struggles with more nuanced topics and concepts. For instance, the advice given is to sell losing stocks before losses mount but don't panic sell at market bottoms. This may be a bit confusing for some investors to interpret and understand. There seemed to be an implied assumption that individual investors could potentially time the stock market cycle which obviously is extremely difficult for even dedicated pros.
I think individual investors might find a lot more practical investment help (in fact they are all you will need to transform your investing) in the following books:
Hedge Fund Market Wizards, Stock Market Wizards both by Jack Schwager. Unconventional Success: a fundamental approach to personal investment by David Swenson. The Ultimate Dividend Playbook by Josh Peters.
4 of 4 people found this review helpful
By Leong on 12-01-12
An indispensible tool for the investor
This book is a great listen. It answers most of my questions about the stock market and stock trading. I had to listen to it many times to absorb the abundant tips and wisdom. Narrator's voice and reading pace is flawless. Highly recommended.
3 of 3 people found this review helpful