A good book for someone who doesn't have any investing knowledge and want to protect themselves from an 'invest and get rich' scams. The author also talks about trading from a perspective of unsuccessful trader, where his opinion should be taken *only* as his opinion and not as a constant. Got this book with expectation that it will be more on probabilities, which (despite the title) is not. ( )

I do not read investment books. Most, if not all, usually involve a lot of technical language and terms that I do not understand. However Jakab's book was easy to grasp – – it was useful for the novice and for those who have had plenty of investment experience. Listed below are the top five lessons I took from the book:

The more prominent the scary headlines about the market, This smarter it is to commit some more money to stocks.

As for the majority of downturns, the time to sell is never.

The simplest remedy for sleeping well at night is to have a mixture of lower risk assets like bonds along with stocks.

Rule of thumb for stock exposure: 100 minus your age = stock exposure

No matter how much evidence exists that seers do not exist, suckers will pay for the existence of seers. ( )