Wiped Out. How I Lost a Fortune in the Stock Market While the Averages Were Making New Highs

Book cover of Wiped Out. How I Lost a Fortune in the Stock Market While the Averages Were Making New Highs

Book description

This is the totally galvanizing confession of an amateur investor who at first made money in the stock market and then tried to make money faster.... With a directness that startles, with specific references to specific stock transactions, with an abundance of detail unique in investment literature, the author takes…

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Why read it?

1 author picked Wiped Out. How I Lost a Fortune in the Stock Market While the Averages Were Making New Highs as one of their favorite books. Why do they recommend it?

Robert R. Prechter Jr.

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This is one of my favorite books because rather than observing the follies of others, this author details his own. Reading it is like watching a tragedy when you already know the well-meaning protagonist is going to die.

The author chose to remain anonymous for obvious reasons: He thought he was a rare fool. But getting wiped out happens all the time, to many people. If you want to experience vicariously a dangerous thrill ride that you may or may not already have taken, this is your ticket. The book is out of print and hard to find.

From Robert's list on finance that throws cold water on your face.