Average Reviews:
(More customer reviews)If you are looking for a book on how to pick small cap stocks, this book is not for you.
If you are looking for reasons why mutual funds are better off than picking stocks on your own, this book will offer you many such reasons.
Mr Wanger invests in what I would conclude as a fundamental-value style and indeed there are certain principles that a reader may be able to extract and apply to his own stock picking approach, eg investing in themes, buying value etc.
However, the more I read, the more the book seemed to promote mutual funds for the lay investor. Depending on your personal preferences, that may indeed be the way to go for some of you.
I offer the following quote from page 237 as a summary of this book:
'Don't overpay, no matter how much you like a company. Invest in themes that will give a company a long-term franchise. Invest downstream from technology. Think and invest globally. Find stocks to own, not trade.'
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