Reviews for Mastering Negotiable Instruments (UCC Articles 3 and 4) and Other Payment Systems

The average rating for Mastering Negotiable Instruments (UCC Articles 3 and 4) and Other Payment Systems based on 2 reviews is 3.5 stars.

Review # 1 was written on 2016-04-12 00:00:00 Jenny Davis This book makes a strong case for value investing, especially for investing in underpriced stocks that pay a dividend. I am somewhat skeptical about many of his claims since his work is very academic. Half way throug the book, Jeremy Siegel states that historical performance is the best indication of future results. While this may often be true, it seems to ignore 'Black Swan' events that can wipe out the market in a very short time. As we are now moving through a significant market decline, I think his strategies would not help protect principal going into the decline, but would help accelerate returns as the market returns to correct valuation. And that is my biggest concern with this book. He did very little to discuss appropriate valuations, but threw out a few token metrics to help identify underpriced stocks. This book is well worth the read, but it should be balanced with healthy skepticism.

Review # 2 was written on 2016-07-16 00:00:00 Gary Moore I read the first edition of Siegel's book in March of 2005 and the 4th edition in January 2008. This is one of the best books on investing, primarily in the stock market that I have ever read and I have read a number of them. He takes a long hard look at acquiring stocks and some mutual funds to build long term wealth. He provides a frame work for picking stock that will be long term winners. This is a book, not only to read, but to keep for review as a reference from time to time.