Another of those one-two-three guides on how to successfully invest, or more specifically, ""to help you select companies whose stocks appear to be undervalued, high-quality securities and, thus, potentially ripe for an attractive rise in price."" This ""reasonably easy"" process, say the authors, will work if you comprehend the market's recurrent Emotional Cycle (fear-confidence-greed-fear-etc.), the workings of the Federal Reserve whose massive money-control powers regulate economic fluctuations, and, finally, if you apply their eight ""tests"" designed to estimate a stock's future price action -- the latter simplified by using the Peisner Profit-Estimate Sheet which calls for such data as current and historical earnings and provides some 57 calculative prescriptions such as ""current dividend protection ratio should be 1.4 or higher."" Tree, it takes the mentality of those who go mushy over, say, 1040 tax forms; and true, results are not guaranteed. But the Peisner approach has the virtues of simplicity, specificity, and clarity; and, unlike most of these market advisory books, it avoids sophomoric metaphor and hyperbole.