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Jackass Investing: Don't do it. Profit from it.
ISBN: 0983504008     Date Published: 2011-05-01     Author(s): Michael Dever
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Hardcover
Ignite LLC
284 Pages
 
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06/20/2013 01:35:36
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Editorial Review - Book Description:
Jackass Investing is as provocative as its title. Mike Dever systematically rips apart the conventional investment wisdom - myth by myth - then replaces it with a "return driver" based methodology that results in a "Free Lunch" portfolio - one that produces both greater returns and lower risk. More than ten years in the making, and supported by the twin pillars of extensive research and more than 30 years of trading experience, this book finally lays to rest the traditional investment paradigm.

As you might have guessed, this is not your typical investment book. "Controversial" and "ground-breaking" are two words that have been used to describe it. Jackass Investing presents an entirely new, and eminently logical, process for investing - all of it supported by numerous relevant facts and studies. But Jackass Investing is not a dense financial tome. It is extremely readable and includes entertaining and relevant references to popular culture - such as Criss Angel's magic, the rock band Rush and heavyweight boxing contender "Fast" Eddie Chambers - to help describe investment concepts in a truly approachable way.

Perhaps most importantly, the book is also highly practical. As a bonus, the author has created a companion web site that includes specific actions you can take to turn your "Poor-folio" into a truly diversified portfolio - one that can make you money in even the harshest environments. This is certainly the one book that will transform your way of thinking about money and how you invest it.

What you'll learn:

- Are you a Seinfeld fan? In Myth #3, learn what George Costanza can teach you about market timing. Then read the "Action Section" to see an actual trading strategy you can use to profit from the behavior of those people who do mis-time the market.

- Think that the largest investors have an edge over you? In Myth #15, read why the opposite is true. In the action section see an actual technique that has been shown to outperform the S&P 500 by more than 5% per year.

- What can the behavior of football fans teach you about investing? Find out in Myth #16. Learn how even the largest investors have a bias in their investing - one that you can exploit to create a truly diversified portfolio.

- Do you believe it is impossible to both increase returns and reduce risk? That's understandable. The conventional financial wisdom preaches that ad nauseum. But in the final myth, find out why - and how - it is possible. See actual portfolios you can use to produce greater returns with less risk than those that follow conventional financial wisdom.

These are just a handful of the many entertaining examples of investment myths and specific trading strategies you will learn when reading Jackass Investing. There is no other book like it that combines entertainment with financial education and a practical "how-to" guide. Learn what most of Wall Street doesn't know, and what those who do know, want to keep from you.
 
Customer Review:
Total Reviews: (45)
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50 of 54 People found the following review helpful.

Exposes investment myths in a clear, common sense presentation, July 21, 2011 ByJohn Jensen - See all my reviews This review is from: Jackass Investing: Don't do it. Profit from it. (Paperback) In this informative, entertaining, and quick read, the author - Mike Dever, Founder, CEO & Director of Research of Brandywine Asset Management examines the misconceptions or "myths" of current investment theory and replaces it with what he describes as a "return driver" based methodology that results in both greater returns and lower risk. I read the entire book on a recent flight from San Diego to Chicago to attend a business meeting. I wasn't planning on finishing it in one sitting but once I started I couldn't put it down. It was well written, concise, and I thoroughly enjoyed it. A few weeks later I had the book with me again on a flight back from vacationing in Colorado. A fellow passenger noticed the provocative title and commented, "Jackass investing? All investing is jackass investing...nobody makes money investing." If this passenger had the benefit of knowledge contained in this book I believe he would come away with a different point of view and...
 
75 of 84 People found the following review helpful.

Jackass Investing: Not for the small investor, October 9, 2011 ByLowell "LHerr" - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Jackass Investing: Don't do it. Profit from it. (Paperback) "Jackass Investing" came to my attention through a recommendation by the author, Michael Dever. Normally, such a title would cause me to pass over the book. After reading many of the above reviews (highly recommended) I decided to buy and read the book. It is sufficiently challenging that it merits not only reading, but additional study. I applaud the book (and author) in that it challenges the reader to rethink many investing truisms. When reading any type of investment book I want to come away with some suggestions I can put to use. Dever meets this standard with his "Composition of the Free Lunch Portfolio" at the end of the book. However, there are several hurdles when it comes to implementing the "Free Lunch" strategy, and prior reviewers failed to point out what I see are inherent problems for the small investor. Beginning on page 263, where the example portfolio begins, we see two trading strategies crop up. They are: Piotroski Trading Strategy and...
 
44 of 48 People found the following review helpful.

Especially Fine for Investment Luddites, July 1, 2011 ByGrady Harp (Los Angeles, CA United States) - See all my reviews This review is from: Jackass Investing: Don't do it. Profit from it. (Paperback) Michael Dever has hit so many nails on the head in this valuable and very readable JACKASS INVESTING that it will be snatched up by people who manage their own money with or without advisors. He offers common errors in investment strategies that are myths (20 of them to be precise) including such controversial topics such as 'Buy Low, Sell High', 'Stocks Provide an Intrinsic Return', 'Government Regulations Protect Investors', 'Commodity Trading is Risky', ''Trading is Gambling - Investing is safer', and so on - and for the informed reader this may sound like a list of Rule to Follow: wrong! What Dever does - and this is where the majority of readers will find much needed enlightenment - is explain the process expressed in his 'myths' and in doing so he has provided one of the best Primers for those of us who know little and understand less about how the investment market/business operates. The terms he uses he explains in simple language, terms that daily become more...
 
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