Paul
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The Modern Scholar
- Big Picture Investing
- By: Professor Peter Navarro
- Narrated by: Peter Navarro
- Length: 7 hrs and 11 mins
- Unabridged
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Overall4 out of 5 stars 49
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Performance4 out of 5 stars 25
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Story4 out of 5 stars 25
The best-selling If It's Raining in Brazil, Buy Starbucks introduced the revolutionary concept of Big Picture Investing as a way to not only profit - but also protect your portfolio from heavy losses. Since the publication of that book, the author has received countless requests to illustrate, in a very detailed way, just how to apply Big Picture Investing to the day-to-day management on individual portfolios. Hence, this exciting audio course.
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2 out of 5 stars
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Hardly provides the big picture
- By Paul on 08-05-10
- The Modern Scholar
- Big Picture Investing
- By: Professor Peter Navarro
- Narrated by: Peter Navarro
Hardly provides the big picture
Reviewed: 08-05-10
While I believe that having a broad view on investing is very important, I also think that this book doesn't provide that.
It pretends to have both a technical as well as a fundamental approach. But what you sense becomes a reality when you hear in the last chapter the daily routine of Professor Navarro; he gets his fundamental information from MarketEdge (A stock must be a buy on MarketEdge is one of his criteria).
The book doesn't explain how to fundamentally research a stock. There is (practically) no information on analyzing margins, revenues or a balance sheet. The author states that this is important but doesn't explain how to research this. The same goes for management.
There is a chapter on macro economics which tells you what to look for in the macro economic calendar, but a broad picture on how to interpret this data is missing. Although the book contains some examples on how to interpret inflation data, this part is very fragmented and lacks a coherent framework.
Potential listeners who are familiar with macroeconomics, microeconomics and investing are better off skipping this book. It served as a 'fresh-up' for me but there was nothing in it that was new to me.
Further more, the scope of this book is so wide (investing from A-Z) that there are necessary levels of depth missing on certain topics, as I described above.
If you get started you can use this book as an idea of what investing is about, but beware: your knowledge-level will be way too low to start investing on your own. You do know however, what subjects you need to research further to really understand the 'Big picture'.
One more note I'd like to make is that Prof. Navarro brings his methods as the 'universal truth' to investing. People who are just a little bit familiar with the financial markets know that no such things exists. Everybody needs to find a method that works for him or her. Eventually, everybody gets from the market what they deserve.
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