11 of 11 people found the following review helpful
- Published on Amazon.com
Is there a better "getting started" book on the subject of investing? I don't think so.
Train explores the forces working against the accumulation and preservation of wealth - taxes, inflation, and the 'herd instinct.' He offers practical advise on how to defend against these forces; indeed, he teaches the reader how to use them to his advantage.
That this book was written in the early 1980s only makes it more remarkable. Train predicts the macro-economic factors that built the Japanese bubble economy, and its subsequent downfall. A reader who took Train's lessons to heart could have predicted the go-go tech market of late 1999, and would know how to have played it.
It's important that you read this book. There are no fancy techniques, no magic formulas. The laws that make people (and markets) function are laid out. Understanding how markets work will make you rich. Understanding how people and their governments act will help you keep your wealth. Mr. Train has written a classic.