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Readers reviews of Successful Share Buying

You can add your review of this book by contacting us . We will then place your review on this page. (You can request to have your name deleted if you wish)


This is a handy book for those considering entering the market and using fundamental based approaches to assess investment opportunities. This is not a book about trading, so the focus is on investment style decisions. The assumption is that good analysis before buying a share is the most significant way to reduce the risk of the investment.


As a result the book contains a good introduction to reading a prospectus, understanding the key financial ratios, and the tools of broad macro economic analysis that will assist in making top-down investment decisions. This is a good reflection of how fund managers undertake the task. The book examines some modifications you can make to this process to enhance investment selection.


The book contains a chapter on some basic technical analysis. This is included to show how technical analysis can assist in fine tuning a buying decision.


It includes a good discussion of the count back line technique, which is unfortunately marred at the end by some inaccurate comments. Under refinements it notes that “Colin Nicholson observed an anomaly that may cause problems if you attempt to use this approach. … It could happen that a line …. could extend right across the chart into another trend altogether.”


In Chart Trading and Share Trading it is clearly noted that ‘In calculating the placement of the line we ignore any price gaps in the current trend. Instead we move to the next highest bar in the current trend.”
The strengths in this book lie in its coverage of the traditional fundamental analysis techniques. It is a good introduction.

 

 

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