The Little Book That Makes You Rich | stockbee

10/29/2007

The Little Book That Makes You Rich

CXO Advisory group has done a chapter by chapter summary of The Little Book That Makes You Rich: A Proven Market-Beating Formula for Growth Investing, Louis Navellier. I am currently reading this book. The CXO summary is excellent. While on that blog check out their other stuff. It is one of the best source for proven strategies and insight in to latest research.

In his 2007 book The Little Book That Makes You Rich: A Proven Market-Beating Formula for Growth Investing, Louis Navellier, Chairman of the Board, Chief Executive Officer and Chief Investment Officer of Navellier & Associates, Inc., outlines his systematic approach to investing in timely growth stocks. This approach derives from his analysis-based belief that the market does not efficiently incorporate key indicators of growth into stock prices. Here is a chapter-by-chapter review of some of the key points in this book, along with some links to relevant research summaries:

9 comments:

StockRake said...

Do you think the guaranteed system is now not going to work since its public?

Pradeep Bonde said...

It is basically IBD type system. IBD is in public domain for years, and highly profitable. That does not mean it works for everyone. Out of 100 people who try IBD, probably only 1 commits to it and profits from it. So a system being in public domain does not matter.
The "trader" variable is most important.

Woodshedder said...

Pradeep, every major blogger is pumping this book, either via ads, or by personal recommendation. Has the author undertaken a serious campaign through the blogosphere to get this book noticed?

F-Trader said...

I think he makes a good point about stops. Unless you're a day or short-term swing trader, trying to optimize a system based on FA like his by using stops is stupid. You have to be willing to hold through the panics and draw downs. This is why IBD will always work; most people are unable to mitigate or cope short-term pains for long-term gain.

Pradeep Bonde said...

Woodshedder
I brought it. But as a blogger I do get some books from authors, but unless I find it interesting, I don't write about it.

Hector Rivera said...

the best thing is not the book, u=its the website set up for it : Get rich with growth: so you can evaluate your portfolio with IBD kind of ratings. it takes 8 different criteria to evaluate. Check it out for yourself

Woodshedder said...

Pradeep, must just be that its a good book. I've just seen it everywhere in the blogosphere over the last couple of weeks. I'll have to buy it.

Pradeep Bonde said...

Louis Navellier is well known, hence the interest in the book.

Bill aka NO DooDahs! said...

"Do you think the guaranteed system is now not going to work since its public?"

I covered this here:
http://www.billakanodoodahs.com/2007/10/why-mechanical-trading-systems-will-always-work/

Both Pradeep and F touch on the same issue. It's psychological, and people who believe that disclosed systems will stop working don't understand how markets work ...