136
people found this helpful, as of 2023
ranked #219,291 most helpful
out of 571,544,897 reviews
★☆☆☆☆
Offensive
The sales pitch in this book borders on nauseating. I get that lots of authors do this with stock / investing books and i have somewhat come to expect it, but this book just takes it to an entirely new level.
You cannot run ONE SINGLE SCREEN in this book without a subscription to Zack's Premium service, which as you guessed, costs $$$. Every single screen requires the Zack's Rank, which is proprietary and non-existent outside of their paid service.
In order to actually backtest anything, you also need Zack's Research Wizard, another service -- this one around $1,000/yr.
And on the subject of backtesting, let's talk about offensive. Practically every one of these screens comes with backtesting results, and you know what the results are? The results are that the screens in this book are generating returns of upwards of 80,000% in some cases. Yes you heard me right -- EIGHTY THOUSAND PERCENT. If this isnt a cheap trick to lure in the fresh meat to buy these obnoxious services then I don't know what is. Yea, sure, there are the obligatory disclaimers like "These tests do not take into account slippage and other factors, so your results may differ significantly." Oh wow, ya think? This is unacceptable and sleazy at best, offensive at worst, and it is a grotesque illustration of luring people in on false hopes. Advice to the author - instead of saying in metaphorical fine print "This test was completely and utterly useless", here's a crazy idea. -- MAKE A TEST THAT ISNT USELESS. Whatever you need to "account for", account for it.
To top it all off, I even question the legitimacy of these reviews since the very first 5 star review appeared on exactly the date of publishing and is not a verified Amazon purchase.
This book is broken.
September 2011 · Books · verified purchase