Laughing at Wall Street
How I Beat the Pros at Investing (by Reading Tabloids, Shopping at the Mall, and Connecting on Facebook) and How You Can, Too
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3.9 • 31 Ratings
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- $11.99
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- $11.99
Publisher Description
$20,000 to $2 million in only three years— the greatest stock-picker you never heard of tells you how you can do it too
Chris Camillo is not a stockbroker, financial analyst, or hedge fund manager. He is an ordinary person with a knack for identifying trends and discovering great investments hidden in everyday life. In early 2007, he invested $20,000 in the stock market, and in three years it grew to just over $2 million.
With Laughing at Wall Street, you'll see:
•How Facebook friends helped a young parent invest in the wildly successful children's show, Chuggington—and saw her stock values climb 50%
•How an everyday trip to 7-Eleven alerted a teenager to short Snapple stock—and tripled his money in seven days
•How $1000 invested consecutively in Uggs, True Religion jeans, and Crocs over five years grew to $750,000
•How Michelle Obama caused J. Crew's stock to soar 186%, and Wall Street only caught up four months later!
Engaging, narratively-driven, and without complicated financial analysis, Camillo's stock picking methodology proves that you do not need large sums of money or fancy market data to become a successful investor.
PUBLISHERS WEEKLY
In an era marked by economic downturn, market volatility, and investment losses, consumers may have little confidence in Wall Street and in the ability of professional stock pickers to help them grow their assets. Amateur investor Camillo who claims to have parlayed a $20,000 into $2 million during 2007-2010, the worst years of the recession pitches his own "do it yourself" technique. While portions of Camillo's method smack of common sense (e.g. consumers should only invest after creating a nest egg), readers with little familiarity with investing should be wary of his advice. The author only discusses potential losses at the end of the book when describing options and leverage, risky techniques, which he espouses as a way to maximize potential gains. He summarily dismisses both technical and fundamental analysis, slams professional stock pickers as a whole, and asserts that amateur investors actually have an advantage over professionals in their ability to more effectively spot trends in the marketplace. He cites smart investment opportunities in Apple say, or J. Crew that "anyone" could spot simply by opening her eyes and trusting her own judgment about information. While Camillo has clearly been lucky and has honed his technique, the probability that readers can replicate his experience and success is questionable.
Customer Reviews
A real eye opener
This makes you look at what you and others are doing daily in a whole new light. It is amazing to go out in the world and observe what people are doing and then see everything come together. A good read.