Scraps of investment counsel and associated comment--much of it recycled, moreover, from Train's 1974 The Dance of the Money...

READ REVIEW

PRESERVING YOUR CAPITAL AND MAKING IT GROW

Scraps of investment counsel and associated comment--much of it recycled, moreover, from Train's 1974 The Dance of the Money Bees. Among the short pieces (none are more than a few pages long) are diverting reflections on market behavior and offhand, unthought remarks on money managers. (""More money is eventually lost by not managers than they ever made, since it is the very fact of their expansion that brings them down, like an overloaded airplane."") Train favors equity commitments in general and growth issues in particular on the unexceptionable grounds that share prices tend to track and frequently outpace earnings gains. But that's about as far as he takes it--there are no analytic guidelines here. Roughly 40 percent of the text is devoted to random--and cursory--coverage of non-stock opportunities: raw land, fine art, commodities, offshore securities, exchange-listed options, tax shelters (but not financial futures, mutual funds, municipal bonds, annuities, precious metals). A concluding section, on personal finance, is equally spotty. Light (as in breezy), but also insubstantial.

Pub Date: June 17, 1983

ISBN: N/A

Page Count: -

Publisher: Potter--dist. by Crown

Review Posted Online: N/A

Kirkus Reviews Issue: June 1, 1983