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If you're thinking about picking up this book, I'd suggest reading “The Intelligent Investor” by Benjamin Graham (I read the edition with commentary by Jason Zweig) instead, which never felt like it insulted my intelligence. On the contrary, The Intelligent Investor was often difficult to absorb, even with (and perhaps because of) the abundance of numbers to support the theories. Sometimes, it made me feel like a fool for having believed some very silly things.
This book on the other hands throws up some rather idiotic examples, some of the author's personal experiences, and can, at best, act as a primer to Value investing for someone who's not really serious about investment...
Because, if you're serious about stock market investment, you have to read The Intelligent Investor and have the ability to do lots of research on target companies, and read up about Financial reporting to understand all that material. And if you're not up to that sort of thing, then I agree with what Graham says, and the best thing you can do is buy an Index fund, or if you're feeling adventurous, mutual funds. Invest the Happionaire Way is a tiny book that has one whole paragraph about Mutual Funds, and it doesn't even mention Index funds - that is just not right.