How I Managed $20,000,000,000 By Age 32
By: Wade Slome
Published: October 31, 2008
ISBN-10: 0615251587
ISBN-13: 978-0615251585
Format: Hardcover 212 pages
Publisher: Lulu; 1st Edition edition
"I view investing as a combination of art and science", writes successful fund manager Wade Slome in his highly informative book How I Managed $20,000,000,000 By Age 32. The author shares his years of real world experience in managing large investment funds, and provides easy to understand information for the average investor.
Wade Slome, founder of investment fund Sidoxia Capital Management, understands that investor financial decisions are not always made on a rational basis. As a result, the book focuses on removing the mystery about investing in stocks, investment funds, and hedge funds. By showing the reader how fund managers decide on which company shares to buy, and which ones to sell, Wade Slome removes the opaque cover that often surrounds the investment decision. Instead of obscuring the stock selection process, the book describes investment concepts in easy to understand language.
Wade Slome (photo left) recognizes that people are lured easily into thinking that markets are an easy way to gain wealth. As he points out, the recent dot.com bubble, the housing market crash, and the current stock market decline are examples of chasing easy money. As Wade Slome demonstrates eloquently, a basic lack of knowledge about markets and how they work in the real world, leads to many disastrous investment decisions. When a person has no idea how the market works, or how investment choices are made, the default position is to follow the herd. The author points out, chasing the crowd will often lead the followers to financial ruin.
For me, the power of the book is its description of the markets in easy to understand terms. Wade Slome turns complex concepts into ideas that can be grasped and applied by the average person. The author considers investing to be both art and science, and provides solid reasons for this philosophy. Wade Slome shares his views on the importance of both technical and fundamental analysis of the stock market in general, and individual stocks in particular. As an added bonus, the reader receives solid advice on how to select the right investment adviser for money management success.
I highly recommend How I Managed $20,000,000,000 By Age 32 by Wade Slome, to anyone who is serious about understanding the art and science behind the investment process. The easy to comprehend explanation of the complexities of investments, stock movement, and hedge funds are crucial for anyone planning to invest in any market.
Read How I Managed $20,000,000,000 By Age 32 by Wade Slome, and learn how markets really work, and discover how to invest with intelligence, for financial success over the long term.
