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I’ve been involved with financial markets, portfolios, and teaching financial principals for some years now. As seasoned as I feel in my consulting practice author Mariusz Skonieczny was able to show me some very important parts of the business process that I take for granted on a daily basis. If you were a person who never had a finance class throughout your schooling then Mariusz’s “Why Are We So CLUELESS about the STOCK MARKET?” is a great starting point for you.
The author takes you from the very basics of how business capital structures work to talking about when appropriate times to sell are. Mariusz has a very methodic approach that focuses on finding the best deals in the stock market and the metrics used to pick winners. This book is geared more towards those interested in being a bit more active in their investment trading regimes so if you are looking for help crafting a long term financial plan this might not be for you.
Throughout the book Mariusz sprinkles great anecdotal examples that easily break down complex financial concepts so that you can jump into you first trades before you even finish this read. There are also charts, graphs and Excel spreadsheets that are downloadable so the tools he shows you throughout his investment decision process are accessible to the readers. I downloaded one of his models and played with it for some time and it did exactly what he explained it would do.
Along with breaking down financial principals like time value of money, cost/capital structures, and P/E and EPS; Mariusz has actually shown you a few of his own case studies that he used in building his own portfolio. He includes a conversation for those that are hung between investing in tangible real estate and the stock market that makes for a nice ending to the book.
One of the biggest things the reader will pull away from this is the ability to identify what makes a healthy company. What I mean by this is that when people think debt there is often a stigma of a company being financially unwell. Leverage can actually increase real returns on investments and Mariusz shows you how to identify that delicate balance.
Overall an easy read and a nice introduction to value investing. Mariusz does cover a few broad financial topics but in brevity as the focus of the book is helping the readers find and exploit undervalued companies in financial markets. Mariusz’s “Why Are We So CLUELESS about the STOCK MARKET?” is now available on Amazon so feel free to check it out. If you are interested in learning more about Mariusz and how he helps his clients you should also visit his website Classic Value Investors.
I have ONE SIGNED COPY of "Why Are We So CLUELESS about the STOCK MARKET?" to give away!! Leave your comments below and on Sunday I will choose one at random and send it off to you. Good Luck!!