Cover image for Invest like a shark : how a deaf guy with no job and limited capital made a fortune investing in the stock market
Title:
Invest like a shark : how a deaf guy with no job and limited capital made a fortune investing in the stock market
Personal Author:
Publication Information:
Upper Saddle River, NJ : FT Press Pearson, 2008
Physical Description:
xxi, 208 p. : ill. ; 24 cm.
ISBN:
9780132213080

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30000010175521 HG4661 D46 2008 Open Access Book Book
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Summary

Summary

Profit from Your Unique Advantages as a Small Investor--Speed and Flexibility!

 

"The book you are holding is, hands-down, one of the most original and insightful books I have ever read when it comes to teaching you, the individual investor, not only why you have the ability to beat the Whales of Wall Street, but also how you can do it."

--from the foreword by James J. Cramer, CNBC's Mad Money and TheStreet.com

 

"Even investors who concentrate on fundamentals can benefit from Jim DePorre's Shark approach to investing. At the very least they will know why, for a time, they can get the facts right but the stock wrong."

--Herb Greenberg, senior columnist, MarketWatch.com

 

"There are very few traders who have RevShark's intuitive feel for the market. I especially appreciate Rev's unique ability to recognize and utilize the distinct advantages of being a smaller, individual investor versus the less agile large institutions."

--Barry Ritholtz, Chief Investment Officer, Ritholtz Capital Partners

 

As an individual investor, you can swim circles around the "whales" of Wall Street...by investing like a shark! In this book, James "RevShark" DePorre reveals how to maximize your powerful and unique advantages as a small investor: speed and flexibility . You'll develop a completely new way of looking at the stock market, learn when to attack, how to move aggressively, how to stay flexible...and when to swim away in the face of danger. You'll learn why "buy and hold" is today's riskiest strategy...and exactly what to do instead. In short, you'll learn the same disciplined investment techniques that helped DePorre build a tiny nest egg into a huge fortune and transformed his life.

 

If you read TheStreet.com, RealMoney.com, or SharkInvesting.com, you already know DePorre and his inspiring personal story of how he lost his hearing, career, and marriage...turned to online investing out of desperation...and succeeded beyond his wildest dreams. Now, in this fast-paced, insightful, and entertaining book, DePorre shows how you can do it, too.

 

How to invest like a shark...

Stay in motion, trolling for your "next meal"
Stalk your prey patiently, relentlessly, and without emotion Move fast when there's blood in the water
Know when to strike Know when to swim away
Sell when you sense danger Feed on the frenzied crowd
Profit from others' fear, despair, stupidity, and greed Use all your unique advantages and strengths
Leverage small caps, technical analysis, and the tremendous power of cash Invest with the shark's attitude
Be active, adaptive--and control your own destiny

 

 

 


Author Notes

James "RevShark" DePorre is widely viewed as one of the nation's top stock market investment advisors. He is President of both Shark Asset Management, Inc., and Shark Investing, Inc., and has been a featured writer for Jim Cramer's TheStreet.com and RealMoney.com since 2001. A pioneer in educating investors online, DePorre joined Herb Greenberg in 1995 to found AOL's The Shark Attack trading site, which quickly became a premier destination for serious traders. In 1999, he founded Shark Investing, which has evolved from its chat room roots into a full-service educational and financial content Web site.


Reviews 1

Publisher's Weekly Review

DePorre, noted stock market investor and writer for TheStreet.com and RealMoney.com, offers advice to small investors. The key to maximizing assets, he says, is shark investing-protecting capital while aggressively pursuing profits. Small investors' quickness and flexibility is a powerful advantage that they should exploit. But most small investors are passive, DePorre claims, holding investments for long-term gains, although this conventional investment wisdom results in only mediocre returns and carries the risk of greater loss. Maintaining the shark analogy, he tackles topics such as the myths of Wall Street, understanding market dynamics, portfolio management and how to put everything together, offering cogent, practical advice. Graphs and charts illustrate key points, in addition to a useful glossary. But the shark theme gets old quickly and makes otherwise sound advice appear gimmicky. However, for first-timers planning to enter the market or those hoping to improve their results, DePorre's advice will be a welcome guide. (Nov.) (c) Copyright PWxyz, LLC. All rights reserved


Excerpts

Excerpts

Preface Becoming totally deaf and losing my career and almost everything I owned is the best thing that ever happened to me. If these things hadn't occurred, I would never have discovered the amazing financial opportunities that the stock market holds for small, individual investors who approach investing in the right way. What felt like a huge personal disaster from which I would never recover ultimately led me to develop an approach to the stock market that I call Shark Investing. Shark Investing seeks to protect capital while aggressively pursuing profits. It takes advantage of the quickness and great flexibility that small investors possess. Shark Investing helped me turn a small sum into many millions, and I'm confident that you can do the same. This book tells you why Shark Investing is a superior approach to the market and sets forth the steps you can take to seize control of your investing fate. After you read this book, you will never look at the stock market in the same way again. (c) Copyright Pearson Education. All rights reserved. Excerpted from Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market by James DePorre All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.

Table of Contents

Prefacep. xix
Part I Turning the Tables on Wall Streetp. 1
Shark Investing: Empowering the Individual Investorp. 32
The Making of an Investing Sharkp. 133
What is Shark Investing?p. 27
Part II Understanding the Way the Market Really Worksp. 4
Why Long-Term Buy-and-Hold Investing Is Far Riskier Than Shark Investingp. 455
Why Conventional Investment Advice Ensures Mediocre Resultsp. 556
The Myths of Wall Streetp. 617
Understanding Market Dynamics: Mood Swings, Feelings, and Irrationalityp. 75
Part III Becoming a Shark Investorp. 8
Implementing the Shark Investing Stylep. 879
Charts: Navigating the Market Seasp. 9710
Portfolio Management: The Key to Successp. 12111
Fundamental Analysis: Quick and Easy Is All You Needp. 14712
Developing Your Inner Sharkp. 15513
Putting It All Togetherp. 16914
Learning Is a Never-Ending Processp. 17915
Investing Trading as a Careerp. 185
Glossary of Useful Terms and Conceptsp. 191
Indexp. 197