When the news first came out that these ladies beat the stock market the old fashion way, with a portfolio worth more than $90,000 and an impressive average return of 23%, the public said WOW! The book is suppose to reveal their money-making secrets in a profitable and accessible strategy to investing that even inexperiened investors can follow. However, on closer look at their bookkeeping and bottomline, it was discovered that their "profit" included their initial investment money (which is a definite no-no in accounting procedures). After the dust settled, an audit was run of their books (and a real accountant did the audit), their profits weren't any better than the average person. If you like listening to non-professionals read their books and/ or talk about investments, stocks, etc., then you'll find the tape interesting. If you are going to listen to the tape to learn something you didn't already know, then skip the listening unless you have nothing else to play and are desperate for noise.
Good book, with good advice for beginners who are a tad nervous about investing mostly because they don't know much about the stock market. Also an excellent starting point if you are thinking of joining (or creating) an investment club.
From the rear cover: "After sparking 'investment fever' across the country, the Beardstown Ladies received requests from people everywhere asking just how they managed to achieve their impressive annual average return of more than 23 percent. In THE BEARDSTOWN LADIES' COMMON-SENSE INVESTMENT GUIDE you'll find their secret recipe for success (Do your homework!) and learn how to outperform mutual funds and professional money managers 3 to 1-just like they do. You'll also discover common-sense wisdom and easy, step-by--step instructions so that you can:
-Develop a personal finance plan
-Find companies to research
-Analyze balance sheets and income statements
-Organize and operate your own investment club
-Choose a responsible and cooperative broker
-Read annual reports, THE WALL STREET JOURNAL, and VALUE LINE
-Learn how to recognize solid growth companies that can double in value every five years.
In keeping with their 'If we can do it, you can do it, too' attitude, THE BEARDSTOWN LADIES' COMMON-SENSE INVESTMENT GUIDE offers practical, down-to-earth wisdom for achieving the 'Three E's': education, entertainment...and enrichment."