Although I am skeptical of those self-help books such as “How to be a millionare” this book does a good job covering the key topics involved in growth investing – number-based fundamental analysis, risk management and portfolio planning. It is a short book and is easy to read.
The key point to take-home is to focus on numbers as opposed to stories. Numbers tell the truth. Wall Street and company management is often selling stories but the numbers are numbers which cannot hide anything but the facts. Louis Navellier covers 8 fundamental variables that are a good measure of how the company is doing. . Thanks to the author, he has provided access to his exclusive stock rating tool that gives qualitative rating to each fundamental variable for over 5000 stocks in his database.
http://www.getrichwithgrowth.com/
One point he calls out is that his weighing of the fundamentals vary from time to time. And how he does that would be one of his secret sauces. Another interesting topic he touches upon is alpha. According to him, the key driver behind alpha is the institutional buying. He claims that today most pundits and gurus incorrectly use the term high-alpha stocks. Since this is an important differentiator I expected him to give more coverage on this topic through examples. An important point I liked is the fact that it is not enough to have strong fundamentals; if there is no buying pressure then the stock may not move for a significant period of time.
All in all, it’s an easy-to-read book that covers the essentials for growth investing.
The key point to take-home is to focus on numbers as opposed to stories. Numbers tell the truth. Wall Street and company management is often selling stories but the numbers are numbers which cannot hide anything but the facts. Louis Navellier covers 8 fundamental variables that are a good measure of how the company is doing. . Thanks to the author, he has provided access to his exclusive stock rating tool that gives qualitative rating to each fundamental variable for over 5000 stocks in his database.
http://www.getrichwithgrowth.com/
One point he calls out is that his weighing of the fundamentals vary from time to time. And how he does that would be one of his secret sauces. Another interesting topic he touches upon is alpha. According to him, the key driver behind alpha is the institutional buying. He claims that today most pundits and gurus incorrectly use the term high-alpha stocks. Since this is an important differentiator I expected him to give more coverage on this topic through examples. An important point I liked is the fact that it is not enough to have strong fundamentals; if there is no buying pressure then the stock may not move for a significant period of time.
All in all, it’s an easy-to-read book that covers the essentials for growth investing.
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