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 enlarge | Author: James "revshark" Deporre
Creator: James J. Cramer
Publisher: FT Press
Category: Book
List Price: $25.99
Buy New: $15.14
You Save: $10.85 (42%)
New (28) Used (11) Collectible (1) from $14.50
Avg. Customer Rating:  29 reviews
Sales Rank: 103594
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 240
Shipping Weight (lbs): 0.9
Dimensions (in): 9.1 x 6 x 1
ISBN: 0132213087
Dewey Decimal Number: 332.6322
EAN: 9780132213080
ASIN: 0132213087
Publication Date: October 18, 2007
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: 100% Brand New! - Ships Today! Identical to Amazon's book in every way. Flawless! Not a cheap Remainder or Book Club Copy! *We recommend Expedited Shipping option for much faster mail delivery
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| Customer Reviews:
 Surprisingly gentle April 5, 2008
1 out of 2 found this review helpful
This is one book that must be read all the way to the end. It starts off like so many of the others in its genre with THE ANSWER to investing. And then James DePorre gets gentle toward the end. He not only acknowledges how tough and frustrating investing can be (especially in the current market), but he encourages the reader to not give up and to discover their own style. That really helped me make a paradigm shift in my whole approach and I am seeing steady improvement in my profits. The descriptions of different breeds of shark investors was a lot of fun. Thank you for writing this book, Rev Shark. I love investing and I needed your help to "stay in the game."
Straight Forward March 29, 2008
1 out of 2 found this review helpful
The tone of the writing is friendly and honest. (Most authors sound arrogant when they write about investing). There's no over-promise here, just many excellent lessons for the individual investor to take control of his/her financial destiny. A worthwhile book for any investor/trader who's looking to improve their portfolio returns and gain insight into the Wall Street propaganada machine.
Shark Investing -- A Great Strategy to Expand Your Portfolio March 25, 2008
3 out of 4 found this review helpful
This book adds an interesting twist to the traditional "buy and hold" and "buy low, sell high" investment strategies that have been embraced over the years by "The Whales of Wall Street". The author completely does away with these traditional methods and replaces them with his "Shark Investing" strategy. While I am not fully convinced that this is the ONE AND ONLY way for me to invest, I have found good application of this material in my current investment strategy.
Mr. DePorre makes it clear that although Wall Street is geared toward large companies and not the individual investor, the little guy can have tremendous success by leveraging his own unique advantages. He contends that large brokerage firms and mutual funds spend a great deal of time and money on researching and thoroughly analyzing stocks that will give THEM the advantage - not the individual investor. According to Mr. DePorre, if you follow the practices of traditional Wall Street methods, you are destined for mediocre returns. The individual investor has to instead use the one advantage he has over the big guys - speed. Large Companies are so big and slow-moving that it is impossible for them to act the way a small investor can - hence the term "Whales of Wall Street". A small investor, just like a shark, can get in on a feeding frenzy and quickly get out at the first sign of danger. This is the idea that Mr. DePorre conveys to the reader.
In the book, DePorre states that the stocks are like a lesson in psychology: They are neither logical nor predictable, and they will turn on you in an instant. Stocks are not your friends and do not deserve any of your loyalty. You should therefore be willing to sell ANY stock you feel has "turned on you". For example, the author describes investors who buy a stock and hold it for the long term. The investors feel they have a certain degree of loyalty to that particular stock as it has given decent returns in the past and are therefore willing to ride the ups and downs for the long term. If the stock "turns on you" and loses 50% of its value due to some swing in the market, it will require a gain of 100% to regain its previous value......if it regains it at all. Mr. DePorre warns the reader about the dangers of the traditional "buy and hold" method and instead advocates the use of his shark investing approach to lock in gains and minimize losses.
Given the unpredictability of stocks, the author believes the optimal strategy for investing is to develop a money management system and to use the power of selling stock to your full advantage....protecting your capital at all costs. He states that very few investors ever exploit the power of selling and their capital suffers as a result. DePorre does not believe you must be the consummate stock picker (picking the right stocks at low points and selling them at absolute high points) to be successful. His philosophy is to simply jump on the bandwagon while a given stock is experiencing success and take advantage of the profits. At the first sign of trouble, you get out. At the same time, if you pick a stock and it isn't a winner, you cut your losses and get out quickly. In theory this concept makes sense. If you do not allow yourself to suffer great losses on mistakes and you capitalize on the gains of successful stocks (before they turn on you), you should come out on top and will not be at the mercy of downswings in the market.
Using information contained in this book, I believe the incorporation of Mr. DePorre's techniques will certainly help to broaden my entire portfolio and the way I think about investing in the stock market. I still believe the best strategy is to maintain a solid "base" of tax-advantaged retirement accounts, taxable investments, and plenty of available cash. As I continue to build and maintain my "base", I believe the shark investing approach will be an excellent tool to expand my portfolio further and enable me to achieve great gains. I recommend this book to investors on any level.
 Nice story, general advice, but very little *usable* information March 6, 2008
6 out of 7 found this review helpful
This book disappointed me.
The story of man-with-hardships-does-well is nice. The title hints at the reader getting advice on how to also do well - and does not deliver.
The title would have been more descriptive if the "invest like a shark" and "How" parts were removed, and it was just titled "A Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market"
(and now wants additional income from selling the story)
You get generally good-sounding advice ("invest when the odds are in your favor") but no way how to know *when* the odds are in your favor, or advice to "use charting to know when the large-movers (Banks, funds, etc.) are buying in and then join them" - but no real advice what chart signals will tell you this, or will tell you if they are still buying, or you are too late.
There is a lot of text about how Sharks are successful, and advice to be like them - fast, aggressive, etc. etc. - but no real advice what this means in practice.
At the end of the day, you get almost no advice you can use and apply,
The only two pieces of advice I found useful here are also commonly given (for free) in every other books and web-site:
- Cut you losses and do not wait for the stock to rebound
- Use a defined set of rules to decide when to buy/sell, and not gut-feel so emotions will trip you up less.
I would not recommend it to anyone looking for how to trade, Novice or Experienced, maybe only to people interested in the biography of successful traders.
Theerfore, I have to say it is not worth the price, and you are better off looking for it in a library - or spending your time and money on something more useful.
Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market February 15, 2008
2 out of 3 found this review helpful
Very Good Book! I enjoyed reading it and I recommend it. James 'RevShark' DePorre's life story is very motivating and I think his stock trading styles minimize the risk in trading stocks.
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