Supermoney
Review by Steven Rosales
What Is It About?
This book is the follow up to the author's first book, "The Money Game" . The second book continues where the first left off and provides further insight into Wall Street.
What Did I Get Out Of It As A New Investor?
Like "The Money Game" this book details the madness that happens on Wall Street and in the wider world of finance. The best part of this book is found in chapter 5. In that chapter the author details how Benjamin Graham contacted him asking him to collaborate with a former student to update "The Intelligent Investor". That former student was Warren Buffett.
The author recounts his meeting with Buffett and discusses Buffett’s investing philosophy. The book is considered to be one of the first, if not the first, to provide a close look at Warren Buffett. This early insight into Buffett is alone worth the read.
The Good News
This book is a great read. As mentioned, the chapter on Warren Buffett is excellent.
The Bad News
Like all sequels, while coming close, it does not surpass the original work. The middle part of the book, while interesting, does drag a bit.
The Bottom Line
The chapter on Buffett alone makes this book a must read. If you are considering compiling a library of investment classics this book should be included.
Steven Rosales began investing about a year ago. His goals are simple: preserve capital, grow capital, and invest with a margin of safety. Steven is the author of Value Blog Review, a website devoted to presenting and discussing the best blogs, websites, and books for new investors.