But how did these ordinary people get these piles of money? Then it dawns on you.
If one of your life goals is to make a few investments and enjoy a secure retirement, this may be the best book on investing you’ll ever find. The author compares Wall Street to two casinos. The red casino has fashions, fads, exciting people, exotic formulas, mathematical wizards, magnificent fee structures, 24/7 news cycles, day traders, trend extrapolators, and is crowded with people being relieved of their life savings. The other casino, the green one, is rather drab, almost empty, with just a few ordinary people following common-sense guidelines year in and year out, but who over the long haul are making plenty of money. The secret to investing is not that the guidelines are so complicated – most anyone has the smarts to follow them – but that it is so emotionally easy to get drawn into Wall Street’s exotic high-fee fads. Dreman, a veteran professional investor, tells you how to avoid most of the traps, why his simple common-sense guidelines should work, and (what makes this great book) he shows you exactly how following his guidelines would have rewarded you in the past.
Check the BPL catalog for this title: Contrarian Investment Strategies