Sunday, March 17, 2013

Book Review: Free Capital by Guy Thomas



A great review of this book could be found here on Amazon. I agree with the substance of this review, which I have found to be accurate insofar as it describes the book and what to expect.

Nevertheless, this is not a book for inexperienced or new investors.

This book will also disappoint readers trying to find an instant magic formula to making money in the markets.  The writer is clear in his objective of merely presenting the outcome of his interviews with 12 private investors who have been successful in the stock market. What lessons can be drawn from these interviews will clearly be a matter for each individual reader, although the writer also sets out his own thoughts at the end of the book.

To me, the interviews illustrated clearly how each of the investors applied their own strengths and expertise in their investment process, and how their background shaped a large part of their own thought processes. For me,  this is the most important message. To be successful as an investor, you have to find your own way. The general roadmap has been laid out long ago by Graham and Buffett.  There are no secrets except the secrets within each investor.

Disclosure: I received the Kindle version of this book from the publisher on a complimentary basis.


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