Review of Think Like A Wall Street Analyst
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Rigo Ruiz
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- Latest Review: Think Like A Wall Street Analyst by Glenn Engel
Review of Think Like A Wall Street Analyst
[Following is a volunteer review of "Think Like A Wall Street Analyst" by Glenn Engel.]
In "Think Like a Wall Street Analyst: Murphy's Law- Lessons Learned from Covering Airline Stocks," Glenn Engel skillfully demonstrates how insights gleaned from specific sectors can be applied to other parts of the market. He breaks down crucial components that every investor should understand, such as market cycles and the pitfalls that often lead to failure.
One of the book's greatest strengths lies in its portrayal of the airline industry as emblematic of all other sectors. Even for those unfamiliar with this industry's intricacies, Engel's approach is both interesting and informative, revealing how airlines experience booms and busts akin to other industries. He effectively illustrates how certain aspects of their business, such as increased commercial travel, can reflect broader economic trends, like future booms in luxury goods purchases. Additionally, Engel's exploration of the industry's long-term planning process and how it can aid in predicting future actions is a valuable and often underexplored aspect of investing.
Remarkably, the book does not suffer from any notable flaws. Engel provides a thorough examination, equipping readers with insights to develop their own trading strategies. However, it is crucial to acknowledge that individual retail investors face stiff competition from hedge funds and advanced computational systems, a risk that each person must carefully consider if their goal is to outperform the market or other money managers.
The charts and data presented throughout the book are intelligible and effectively amplify the concepts discussed. Even explanations of options and the impact of theta decay are concise and understandable, although a more technical understanding is advisable for those intending to invest significant time and resources. Explanations of fundamental concepts such as P/E (price to earnings) ratios and EV/EBITDA (enterprise value divided by earnings before interest, taxes, depreciation, and amortization) help illustrate the methodological approach that analysts use to try to find an edge in the market.
Overall, "Think Like a Wall Street Analyst: Murphy's Law: Lessons Learned from Covering Airline Stocks" by Glenn Engel is a wonderful resource for those interested in the stock market and seeking to gain better insights into the often overlooked airline industry. However, the book's value extends beyond this specific sector, offering useful nuggets of information for investors across various domains. For anyone captivated by stock trading, this book is a highly recommended read. I would rate it a perfect 5 out of 5 stars , as it provides ample justification for its purchase and recommendation through its wealth of invaluable information.
******
Think Like A Wall Street Analyst
View: on Bookshelves | on Amazon
In "Think Like a Wall Street Analyst: Murphy's Law- Lessons Learned from Covering Airline Stocks," Glenn Engel skillfully demonstrates how insights gleaned from specific sectors can be applied to other parts of the market. He breaks down crucial components that every investor should understand, such as market cycles and the pitfalls that often lead to failure.
One of the book's greatest strengths lies in its portrayal of the airline industry as emblematic of all other sectors. Even for those unfamiliar with this industry's intricacies, Engel's approach is both interesting and informative, revealing how airlines experience booms and busts akin to other industries. He effectively illustrates how certain aspects of their business, such as increased commercial travel, can reflect broader economic trends, like future booms in luxury goods purchases. Additionally, Engel's exploration of the industry's long-term planning process and how it can aid in predicting future actions is a valuable and often underexplored aspect of investing.
Remarkably, the book does not suffer from any notable flaws. Engel provides a thorough examination, equipping readers with insights to develop their own trading strategies. However, it is crucial to acknowledge that individual retail investors face stiff competition from hedge funds and advanced computational systems, a risk that each person must carefully consider if their goal is to outperform the market or other money managers.
The charts and data presented throughout the book are intelligible and effectively amplify the concepts discussed. Even explanations of options and the impact of theta decay are concise and understandable, although a more technical understanding is advisable for those intending to invest significant time and resources. Explanations of fundamental concepts such as P/E (price to earnings) ratios and EV/EBITDA (enterprise value divided by earnings before interest, taxes, depreciation, and amortization) help illustrate the methodological approach that analysts use to try to find an edge in the market.
Overall, "Think Like a Wall Street Analyst: Murphy's Law: Lessons Learned from Covering Airline Stocks" by Glenn Engel is a wonderful resource for those interested in the stock market and seeking to gain better insights into the often overlooked airline industry. However, the book's value extends beyond this specific sector, offering useful nuggets of information for investors across various domains. For anyone captivated by stock trading, this book is a highly recommended read. I would rate it a perfect 5 out of 5 stars , as it provides ample justification for its purchase and recommendation through its wealth of invaluable information.
******
Think Like A Wall Street Analyst
View: on Bookshelves | on Amazon
Latest Review: Think Like A Wall Street Analyst by Glenn Engel
