When I was beginning my own stock investing years ago, I found myself facing what many new stock investors face: Problems comprehending investment terminology, understanding what is going on in the stock market, and seemingly irreconcilable differences among the various “schools” of investing. So I began a "notes to self" journal, writing down answers to problems as I discovered them through my own experience and research.
As I continued my research and my notes grew, I realized how often individual investors face the same problems, without having a sole comprehensive source to turn to for the answers they need.
FROM NOTES TO A BOOK
The idea that the growing body of notes might become a book took root in 2001. Sensible Stock Investing was developed over the course of five years after I became convinced that the solutions I was creating could be of great help to other individual investors. To publish a book, of course, requires more rigor than keeping a set of personal notes, so I broadened my perspective to make the book comprehensive and intensified my research to attain the necessary rigor.
In order to write a book suitable for beginning and experienced investors alike, I created innovative features, such as:
The concept of the "Sensible Stock Investor," modeled after the law's "reasonable person" who devotes a high standard of care to what he or she is doing.
Discussions of compounding, how the stock market works, the differences between great companies and lousy ones, how any company can be viewed as a financial "black box," the importance of dividends, and how to conduct one's investing as if it were a business.
Two real life portfolios created especially for the book. The portfolios demonstrate the principles--and success--of Sensible Stock Investing, and they also generated a list of important lessons learned.
Unique analytical tools and forms to simplify investment tasks, including
The Easy-Rate Stock Rating Sheet,
The Shopping List, and
The Portfolio Review.
An annual calendar of what to do each month
THE END RESULT...
Sensible Stock Investing is the book I wish I had when I began my own stock market investing. I hope and believe that the book will help both beginning and experienced individual investors with clear, innovative, fact-based stock investment strategies and advice.
As one five-star reader review posted on Amazon.com puts it: "This book does the impossible. I will refer to it often. Wish it had come out 20 years earlier!"