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Book: Learn to Earn: A Beginner's Guide to the Basics of Investing and Business :: Robert Kiyosaki|Books :: Book
Date: Thursday, 08 January, 2009 :: 04:12
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Learn to Earn: A Beginner's Guide to the Basics of Investing and Business
List Price: USD $15.00
from USD $1.99
Product Group: book
Manufacturer: Simon & Schuster
Studio: Simon & Schuster
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Average Customer Review: 
Summary: A Great Primer
Date: 2008-12-20 -
Comment: This book serves to provide a groundwork for the future investor by explaining the basics of finance, stocks and companies. While geared toward a younger audience, anyone looking for a starting point to educate themselves about investing will find this book useful. Though somewhat dated now (references to "great" companies like GM & Chrysler, as well as a list of resources that have now been supplanted by online references) it still serves its purpose well. If you're looking to teach your children, or yourself, about the stock market and how to begin thinking about saving money; this is a great starting point.
Summary: Great Book for Beginners
Date: 2008-09-22 -
Comment: Its a great book for beginners, but not for those who already have a basic knowledge of investing and business
Summary: Better-off Reading "One Up on Wall St"
Date: 2007-11-26 - 
Comment: Those wishing to read more about Peter Lynch's investment philosophy are better-off reading one of his two other books, particularly "One up on Wall Street," which is his best book. In this third and most recent book, Peter Lynch laments the failure of our high schools to educate America's children on investing for their financial future. No more job security. No more company pension plans. Good-bye social security. How can we teach "home economics" in school, but not the basic investment skills needed to succeed financially? The stakes could never be higher.
Besides homeownership, only stock investing for the long-term can secure our children's financial future. Lynch fervently believes in the power of stocks as a tool for both wealth-building and democratizing markets. He writes, "Being a shareholder is the greatest method ever invented to allow masses of people to participate in the growth and prosperity of a country" (19). It appears that 50 million Americans agree.
The stock market has grown to over $7 trillion dollars comprised of over 13,000 publicly-traded companies. From the United Dutch East Indian Company to Berkshire Hathaway, Lynch tells us how we got there. Those interested in the development of financial markets may also benefit from reading Peter Bernstein's book, "Capital Ideas." I also recommend that people read Robert Kiyosaki's book, "If You Want to be Rich & Happy Don't go to School," for a more detailed exposition on our public schools failings, and what can be done to rectify the situation. After laying the groundwork, Lynch moves on to discuss the "Basics of Investing" where his position can be summarized:
"Twenty years or longer is the right time frame...A market timer tries to predict the short-term zigs and zags in stock prices, hoping to get out with a quick profit. Few people can make money at this, and nobody has come up with a fool proof method" (115).
Agree or disagree with him, Lynch clearly prefers long-term investing to trading. Thankfully, not every stock takes 10-years to show a profit. Johnson & Johnson stock treated investors to a respectable "one-bagger" in just 18-months! More realistically, expect a longer lag-time for stock prices to catch-up to earnings. On average, the market price of a typical NYSE listed company can swing a total of 57% from it's 52-week high and low. For example, if Bank of America currently sells for $50 per/share, then it would not be surprising to have it trade between $36 and $64 during the year. Fortunately, this short-term noise dissipates over time. And while you can invest "play money" in internet stock market games, there is no substitute for having some "skin in the game."
Those interested in treading slowly may want to visit the National Association of Investors Corp website at www.better-investing.org. Lynch focuses his final two chapters on profiling several companies, and the "heroes" driving their success. Besides these anecdotal stories, the book concludes with two appendices on "Stock Picking Tools" and "Reading the Numbers," which appear to have been hastily put together.
Summary: Outstanding!
Date: 2007-09-23 - 
Comment: I studied economics in college, and thought this book was as good of a general economics book as any I've read. It's unlike the very few investing books I've ever read--the title is more descriptive, it is a learn to earn book. About why companies grow, how one can earn from their growth, historical trends affecting growth, and the actions of these on financial markets. One can go through an entire major in economics and not know much about financial markets, their contribution to business, and how people make them work. This book is a great overview of this process.
2 of 3 people found the following review helpful:
Summary: Strong Fundamental Book
Date: 2006-08-24 -
Comment: This is a great book to understand the basics of investments.
Unlike a TV set where you could buy it and least care how it works as long as you know how to work on with the remote control. Stock investing is a different venture, the fundamentals of economics need to be there. One must know what does P/E mean, net cash flow, P/S ratio, forward eps estimate.
Why the penultimate year before the elections for bull market. Without fundamentals its hard to succeed in investing. Good foundation of terminlogies along with discipline and evaluating one own traits in stock investment makes one confident and a sure winner in the long run. Wall street is the same has been 100 years back there has been bulls and bear session, usually bear sessions have outpaced the bull session. But if one has picked the right stock and waits through the bear session when the bull session is around he is likely to make the maximum return. If one makes 10% return on a year to year basis one is a successful investor. All the eye catchers in newspapers and magazines with >100% return are seldom reptative. If inflation is around 3% and one makes 7% profit per year, with compounding affects anyone can become a wealthy person in the long run. Ofcourse, the real joy is to do your own research and invest and trade wisely. And with time one only excels.
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