17 of 18 people found the following review helpful
5.0 out of 5 stars
Wonderful, Old timer Investor Masterpiece!, Dec 4 2007
By Erik "Easy" - Published on Amazon.com
This review is from: Forty Years a Speculator (Paperback)
What a great, great book! I don't usually leave reviews, but I am something of an investing book guru, because I own dang near all of them. In the past year or so I've read 12 "penny stock" books and (while this isn't entirely all about penny stocks) this the best one hands down. Aside from being an entertaining read, this book is filled with information regarding sectors I never thought about for penny stocks. This book is worth whatever I paid for it just for his one single penny stock strategy. Let alone he gives his whole investment strategy is this 100 or so page book. I enjoyed reading this book and wish the author would write more, because his hatred for the wall street hypocrit/coward nearly matches mine.
13 of 14 people found the following review helpful
5.0 out of 5 stars
This book opened an entire new world to me!, Jan 30 2009
By Mark Hopkins - Published on Amazon.com
This review is from: Forty Years a Speculator (Paperback)
This book opened an entire new world to me! Fred does an excellent job of making a case for investing in scarce resources that WILL go up--gold, silver, oil, etc. Then he shows step by step how to find absolute rock bottom bargains on oil, silver, gold, and other stocks. This is not your run of the mill book.
My favorite discussion in the book is on penny mining stocks. These are stocks that give you incredible leverage because they cost anywhere from .05+ a piece. Not only do you get leverage but you also make enormous sums if these stocks go up even a few cents. And the risk is minimum because you can buy a ton of stock when their price is so low.
Not only was the book an excellent read but it also entirely and permanently opened up a new world to me. It changed my paradigm completely! Out of all the books on investing I have read (I read 1 or 2 a month and have been doing so for some time), this is one of the top two I have read!
6 of 6 people found the following review helpful
5.0 out of 5 stars
FORTY YEARS A SPECULATOR, April 13 2009
By ukxgerard - Published on Amazon.com
This review is from: Forty Years a Speculator (Paperback)
Fred Carach speaks from the weight of experience gained from the
school of hard knocks. As a futures and options trader myself with
twenty years in the industry, even from a brief reading it's readily
apparent that the author truly knows his craft -- the business of
small cap investing within the natural resource sector.
His trading style and philosophy are completely unorthodox (a big plus
point in my book). His views on technical analysis, stop-loss orders
and other conventional Wall Street wisdom surely would have him
condemned for heresy, however, I suspect the author would feel such a
charge be considered a badge of honour.
This book is full of common sense and a distillation of wonderful
investment stories. I can highly recommend it.