4 out of 4 stars
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While the concept of financial investing is as clear as mud to most of us (myself included), Walter H. Weil has taken the knowledge he accumulated during his expansive career as a hedge fund manager on Wall Street and uses it to provide guidance on the tricky topic. A graduate of Harvard Business School, Weil's expertise shines through in his book, PYWRITE: A Contrarian's Approach to Investing.
The book's unique structure showcases thirteen segments, where each segment represents a specific year, and includes Weil’s original posts from his blogsite over an eleven-year period.The book is a second edition, which includes additional blogs, published articles, and ending with a “summary” chapter, which is basically a general advisory of Weil’s investment pointers and personal practices.
The aim of the book is to offer tips to those interested in investing, utilizing Weil’s personalized tried-and-true techniques. Some of the topics that I found most pertinent and informative deal with buying into a bear-or potentially bear-market (Weil has conditions for considering such an undertaking), Wall Street's bullish bias, and when to rebalance an investment portfolio.
Weil does an excellent job of condensing a vast field of study into key points and presenting them in a manner decipherable to intermediate and experienced investors. The material is revealed chronologically, and further categorized by the market trends and investment strategies apposite for the time they were originally discussed. I found the usage of past blogs to be a thrifty and valuable decision, as reliving past financial events in "real-time” creates a sense of familiarity and interest. I was thoroughly impressed with how current the book’s information is, reflecting on investment matters as recent as June 2018.
If there is a downfall to this book, it is possibly in its limited target audience. As I mentioned earlier, it is geared for a seasoned investor, but Weil’s wealth of knowledge should be available to green investors as well. I would love to see Weil create an additional investment guide aimed specifically at newbies. Having the information broken down and explained in its entirety from someone with considerable expertise would be, in my opinion, a successful production.
I found the book to be nicely edited, noting only a handful of unremarkable errors, which were left in place for authenticity's sake, according to Weil’s disclaimer. Although there were times my mind became boggled by the information in this book, I would recommend it to any reader with an avid commitment to furthering their knowledge of investing. Readers in which retirement is in the not-so-distant future may find it especially useful. I have rated this book 4 out of 4 stars for its unique style and concise guidance.
PYWRITE: A Contrarian's Approach to Investing
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