Why Stocks Go Up and Down
- Downloads：6909
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-06-05 08:53:46
- Update Date：2025-09-06
- Status：finish
- Author：William H. Pike
- ISBN：0989298205
- Environment：PC/Android/iPhone/iPad/Kindle
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Summary
Why Stocks Go Up and Down is an in depth introduction to stocks and bonds。 It explains the basics of of financial statement analysis， cash flow generation， stock price valuation， and more。 Commonly misunderstood terms such as "capitalize，" "equity，" and "diluted earnings" are explained clearly。 Stock valuation methods including price/earnings ratio， price/cash flow ratio， and Enterprise Value / EBITDA are covered。 The book is about fundamentals; it is not an investment system or "how to make a million dollars in the market。" The subtitle， "The Book You Need To Understand Other Investment Books" says it best。 That subtitle is the result of comments received from readers over many years。
Reviews
Deepanshu
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Since this is the first book on securities and investing， information inside this book is most valuable for。
Yury
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It is a good book， unless you want to be an investor。 This is a good introduction into the language of Street， but do not take it too seriously。 Do not expect to become Buffett after reading it。 The what-causes-what part is make-believe trickery。 Please do yourself a favor and read some Mandelbrot's "Misbehavior of Markets" to understand how high your chances to make a profit from investing。 Things are not so easy when it comes to forecasting P/E， earnings and so on。 It is a good book， unless you want to be an investor。 This is a good introduction into the language of Street， but do not take it too seriously。 Do not expect to become Buffett after reading it。 The what-causes-what part is make-believe trickery。 Please do yourself a favor and read some Mandelbrot's "Misbehavior of Markets" to understand how high your chances to make a profit from investing。 Things are not so easy when it comes to forecasting P/E， earnings and so on。 。。。more
Luotenrati
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Really informative for someone who has no idea about investing or stocks or bonds at all。 It goes through all the steps a company can use to raise profit and explains all the various types of offerings and accounting in an accessible and easy to understand way。 In my opinion it should be the first book someone should read on investing because it covers all the concepts that the later books assume you are already familiar with。
Siddharth Gupta
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A contemporary book on the basic machinations of the equity market。 Easily qualifies as one of the best introductory texts of the field。 Comprehensive in the sense that the theory is tightly bound to real world cases that help the reader better grasp the concepts and ideas presented。 The scheme of the book is also sequential， giving the reader a feel of continuity。 This is done by introducing a company in the beginning and is taken through various stages in its evolution and through the market c A contemporary book on the basic machinations of the equity market。 Easily qualifies as one of the best introductory texts of the field。 Comprehensive in the sense that the theory is tightly bound to real world cases that help the reader better grasp the concepts and ideas presented。 The scheme of the book is also sequential， giving the reader a feel of continuity。 This is done by introducing a company in the beginning and is taken through various stages in its evolution and through the market cycle。 The author takes great pains to not let the flow ebb throughout the book。 Recommended。 。。。more
Tomonaut
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Takes you， with simple examples， trough the process of a starting business and how shares come into existence， how to evaluate their prices trough accounting metrics and other stock valuations。 Nice read。
Elizabeth Chabe
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Basic but solid。
Tom
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This is a fantastic book about basic fundamental knowledge that can be useful to anyone。 I really recommend this book if you would like to learn more about starting a business， financial statements and analyzing them， financing a business through stock issuing or bonds， cash flow and evaluation ratios etc。 Having read a lot of finance and investing books， I did not have problems with terminology， but even if you are a beginner， authors prepared nice glossary at the end。 This is also one of the f This is a fantastic book about basic fundamental knowledge that can be useful to anyone。 I really recommend this book if you would like to learn more about starting a business， financial statements and analyzing them， financing a business through stock issuing or bonds， cash flow and evaluation ratios etc。 Having read a lot of finance and investing books， I did not have problems with terminology， but even if you are a beginner， authors prepared nice glossary at the end。 This is also one of the finance books that you can really enjoy reading。I want to thank both William H。 Pike and Patrick Gregory for the effort they've put into this book。 Great stuff for beginners， but also for professionals。 Thank you ever so much。 。。。more
Anže Novak
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One of the best books （if not the best） in my opinion for beginners in the investment industry。 But is also resourceful for professionals。 It covers all the basics of financial statement analysis， how to valuate a company and compare it to its peers in the industry。 You get a glimpse of how a company operates， how it raises money and all the different ratios that you need in order to complete your investment decision。 I know now why Michael Burry highly recommended this book。 It truly is great。
Lucas
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Great book about investing！
Phat Nguyen
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A good overview with enough in-depth information about stocks and bonds that could prepare you for more serious books about security trading。
Oswaldo Rhyslie
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A book with strong fundamentals and concept on stocks as an investment toolsthe only downside of the books is its language with many terms that need to be remembered and could be challenging for laymens
Sean
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Gonna read this to my kids。 Would change many financially illiterates lives for the better
Neeraj Sharma
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this is the finest book I have ever read， it clears the concept of Mr。 Market when it give opportunities to buy and sell。 The seamless flow by William is infatuating and kindle the fire to read more。 One can get summary of the book easily and can read it， hence recommended！
Pontaeus
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A good book for the novice in bringing together the various concepts of investing into a cohesive story。
Salar Moarref
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A very well-written introduction to stock market and the language of the Wall Street。 The book explains in simple language how a company is formed， how it goes public， different ways a company can raise money （loans， stocks， bonds， etc。，） and how each approach affects the shareholders and investors。 It then covers common metrics that are used to evaluate a company’s performance and efficiency， and gives tips to investors on what to look for in a company’s financial reports。 The terminology and c A very well-written introduction to stock market and the language of the Wall Street。 The book explains in simple language how a company is formed， how it goes public， different ways a company can raise money （loans， stocks， bonds， etc。，） and how each approach affects the shareholders and investors。 It then covers common metrics that are used to evaluate a company’s performance and efficiency， and gives tips to investors on what to look for in a company’s financial reports。 The terminology and concepts are then used to explain why stock prices go up and down。 The book ends with an interesting case study where a pharmaceutical company’s data is analyzed from different aspects to determine the value of the company’s stock for an investor。 Why stocks go up and down is a great book for beginners and people who are curious about stock market。 。。。more
Michal Palczewski
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This contains the nuts and bolts of stock investing and valuation。 After this book you will know what all those different lines on a companies financial statement mean and should have a decent understanding of corporate accounting。 Very useful for investing in stocks， because it allows you to make your own analysis。 Works well with other books like Magic formula and such because now all those details make more sense。 I wish I read this book before reading some of the other ones like security ana This contains the nuts and bolts of stock investing and valuation。 After this book you will know what all those different lines on a companies financial statement mean and should have a decent understanding of corporate accounting。 Very useful for investing in stocks， because it allows you to make your own analysis。 Works well with other books like Magic formula and such because now all those details make more sense。 I wish I read this book before reading some of the other ones like security analysis， because there would have been less things that went over my head。 。。。more
Penn
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Well written and informative。 Just too much to take in， for me， with zero background on the subject。 Read the first four chapters and stopped。 Just reading would not be enough for me; I would have to go more slowly to digest all that information， and somehow use and work with the information to hold on to it。 Not motivated enough。。。
Heather
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