Review of Think Like A Wall Street Analyst

[Marcos Zarragoitia]

[Following is a volunteer review of "Think Like A Wall Street Analyst" by Glenn Engel.]

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4 out of 5 stars

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Throughout history, the airline industry has been one of turmoil. Expansion and contraction, mergers, and bankruptcies have not always provided a stable ride for investors. And what makes a company good for customers does not always make it good for investors. Think Like a Wall Street Analyst is a financial book by Glenn D. Engel. This book provides a deep dive into the airline industry and how this analysis can be translated to other industries by answering a series of questions.

The author helps to identify factors that contribute to the ability to make sound stock-picking decisions. He works through industry structure, market leadership, cyclical markets, valuation, and psychology. The book is heavy on in-depth analysis with charts and graphs. Insights gained from the author’s years as an airline industry analyst are detailed throughout the book and how they can be related to other industries and market trends is identified for the reader. There is a good use of cartoons, famous quotes, and examples throughout the book to help break up the technical data.

The author takes a good look at the current trends and conditions of the market and gives insight into his thoughts regarding how they will impact the future, including COVID and ESG. He uses tried and true theories like supply and demand, scalability, and the cycles of the market as well as stocks themselves. Different types of data and where they can have the most impact is discussed as well. The author does a nice job of wrapping up the book with the different roles an analyst might play and how those roles framed the book.

I consider myself a skilled investor and yet some of the technical speak required re-reading and on a few occasions a trip to the dictionary. The author keeps a quick pace and sometimes glosses over the industry and trade lingo. I did not consider this a light read. All in all, I would recommend this book for experienced investors with a solid background in financial analysis that is looking to take their investing to a higher level.

I would rate this book a 4 out of 5 stars. I found there to be too many easy-fix mistakes in the electronic book, extra words, or spelling errors that slowed the reading and complicated an already complex read. It appears the book may have been professionally edited but could use a fresh run-through.

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Think Like A Wall Street Analyst
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