Has anybody read Rule One Investor?

Question

What did you think of it? Does his method work?

Answer 1

Don't bother. Too many rules to follow and it's impossible to find a stock that fits all of them. I went through Value Line (about 2,500 stocks) and found only 5 that fit all of his criteria. He has some good info about sticker price and margin of safety price, but you'll be looking forever to find stocks that work.

Answer 2

Yes, of course it works. There are two main problems in its implementation, I've discovered: 1) Which stock? There are 100 on the IBD 100 list. Which to invest in? #1 is usually the stock that's already gone up the most, so it's not necessarily the best one to buy. And there is a new list published every day. Often, the first stock to hit a buy point in a new bull market is the best, but not always. Often several stocks will breakout on the same day. Which do you buy? 2) When? The buy point is the most important part of the CANSLIM method. Unfortunately, you often have only 2-3 buy points A YEAR for each stock, and often only 2 or 3 days at the buy point (or within 5%) to buy it. Many people are too impatient to wait for them (I know I am), but it is the safest way to invest casually. Personally, I think CAN SLIM is the best investing method for the casual investor - the person who only checks his stocks once a day. There are other, better, methods if you like being glued to your computer screen every single day. But yes, it works. Just keep my two points in mind. Oh, hell, you'll run into them immediately once you get started, but don't say I didn't warn you.

Answer 3

This Site Might Help You.

RE:
Has anybody read Rule One Investor?
What did you think of it? Does his method work?

Answer 4

Ruleoneinvestor

Answer 5

I haven't, but the people below have!

http://www.amazon.com/gp/product/0307336131/sr=1-1/qid=1155920912/ref=pd_bbs_1/103-4081343-1835058?ie=UTF8&s=books