Pros

  • Provides essential keys and principles for making money in both bull and bear markets.
  • Focuses on developing skills and knowledge for successful investing.
  • Offers many insights that are valuable for readers.
  • William O'Neil is highlighted as a knowledgeable expert in the field.

Cons

  • Suitable for speculators or shorerm investors who dedicate time to analyzing shares.
  • Appeals to those unconcerned about tax implications, particularly in the context of Australia's capital tax system.
  • Not recommended for lonerm, defensive investors; alternative reads suggested include 'The Intelligent Investor' and 'Contrarian Investment Strategies.'
  • The writing style may be dry, making it a bit tedious for some readers.

Bottom Line

'How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition' is an excellent resource for serious investors eager to develop their skills and refine their investment strategies in both up and down markets. Although the book requires dedication and its style may appear dry, the insights it provides are invaluable. Those seeking a focus on long-term defensive investing might want to explore alternatives like _The Intelligent Investor_.

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