Equity investments

Investing is simple, but not easy. This book, which includes many concrete examples from the author's more than 20-year investment career, will help you master it. Investing in stocks is based on simple ideas. The author introduces them to the reader and explains how to apply them in practice. You will learn how to value a company and how to correctly view market movements.

The book also explains the concepts of the circle of competence and the safety cushion and their practical application. You will learn to formulate your own investment philosophy and create your own investment process. Separate chapters are devoted to risk, investor psychology, inflation and what a good company is and how and where to look for it. The second expanded edition responds to developments in financial markets in recent years and, in particular, to changes necessitated by the global recession associated with the viral pandemic in 2020.

It describes how the environment of massive money printing has affected and will continue to affect the major asset classes and how the ordinary investor can fare in this new normal. Gladish's first book, Learn to Invest, became an outright bestseller.