In this book, Stephen Clapham explores the stock-picking techniques used by top institutional and private professional investors.  Here are my 3 top learning points from the book:

1. Asking the question of what will not change in years ahead as mentioned by Jeff Bezos as opposed to what will change when choosing the company to invest. This will help us understand the true consumer need and the longevity of the company success
2.  The thorough breakdown on how to value a company, including enterprise value other than the conventional metrics was indeed very insightful and thought-provoking
3. When to exit and when to stay in an investment on chapter 11 on managing the portfolio was very informative to finally help you understand if you should invest more as the stock drops(Warren Buffet’s philosophy) vs you should never average down (Paul Tudor Jones philosophy)

The book touches on technical analysis too to analyze a trade. It offers qualitative, systematic and quantitative approaches to professional and institutional investors.  A must-read for all investors to get new ideas and optimize their own investment strategies.

To purchase the book, click on the link: https://www.harriman-house.com/smartmoney

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