by Eric L. Prentis, Ph.D
Rating - 5 stars
Posted - June 21, 2005
Many years ago, I was taught not to judge a book by its cover.
It is a good thing. Otherwise, I would have never picked up Eric Prentis' The
Astute Investor. Remembering all those dedicated teachers, I managed to overlook
the photograph of the author dressed in a tuxedo on the cover and delve into
what I discovered is a great investment guide.
Prentis has collected wisdom from 37 investment classics and distills it into
seven principles:
1. Investors should understand the nature of investing.
2. A securities purchase is an interest in or a claim on the company's future
earning streams.
3. Understand and have confidence in your investment decisions.
4. Analysis and calculation are the cornerstones of successful investing.
5. Have the courage of your convictions.
6. Limit your ambitions to your competence.
7. Successful results from judgment, not mathematical formulas or clear-cut
facts.
Prentis draws on fundamental and technical data, described clearly and
concisely, to equip today's investor with the knowledge and resources to achieve
their investing goals.
Time spent with this book will help any investor de-mystify today's often
mystifying markets.
