» » Confessions of a Stockbroker
eBook Confessions of a Stockbroker download
Moneymaking
Author: Andrew A Lanyi
ISBN: 0130887099
Subcategory: Investing
Pages 288 pages
Publisher Pearson Ptr; Ex-library edition (November 9, 1992)
Language English
Category: Moneymaking
Rating: 4.4
Votes: 389
ePUB size: 1737 kb
FB2 size: 1304 kb
DJVU size: 1553 kb
Other formats: mbr lit lrf docx

eBook Confessions of a Stockbroker download

by Andrew A Lanyi


Confessions of a Stockbroker book.

Confessions of a Stockbroker book. Andrew A. Lanyi (1925-2009) grew up in Hungary, escaped from a Nazi labor camp during WWII, became a Hungarian stage director, and later fled Hungary with his wife when the Russians attacked in 1956. He didn’t have a job, money, or speak any English when he landed in New York City, but thirty years later Lanyi would be considered one of the best stockbrokers of his generation. He was exclusively a micro-small cap investor that hired analysts to help find great companies easy. Especially considering Lanyi repeatedly explains how he selects successful businesses Author Andrew Lanyi has a very entertaining writing style that makes even this difficult to relate topic enjoyable for a large audience. The inclusion of his childhood experience was drawing parallels to the issues he came across in his adult life many times. I highly recomend this book to anyone interested in stockbroking obviously, but to any entrepreneurs that are pondering starting a small business as well.

Lanyi, Andrew . Confessions Of A Stockbroker, Like New, Hardcover. Books, Comics & Magazines Other Fiction Books Other Non-Fiction Books Childrens & Young Adult Books General Fiction Books Children's Fiction Books. AS NEW" Songs of the Dying Earth,, Book. Like New, Confessions Of A Stockbroker, Lanyi, Andrew . Hardcover. AS NEW" Hammy the Wonder Hamster, Harris, Poppy, Book. See all. Postage, Returns & Payments.

Andrew Lanyi's track record in identifying new growth companies has earned him the unofficial title of Wall Street's most recognized and successful broker  . A great insiders tale. com User, March 21, 2008. The days of being a full service stockbroker are gone. but the goal of the business remains the same: How do you find great clients and at the same time implement an investment philosophy that is exciting, unique, and can help your clients acheive their goals? Lanyi accomplished both in his legendary career.

Lanyi, Andrew A. Publication date. Books for People with Print Disabilities. Internet Archive Books. Uploaded by KellyCritch on November 24, 2009. SIMILAR ITEMS (based on metadata). Terms of Service (last updated 12/31/2014).

The stock market is on a cliff. When it falls, it will not only erase the riches on Wall Street but your hard-earned savings. It is called deflation, and it will impact all of us. I have a pretty good idea about stock market crashes because I have experienced four of them. The first was in 1987. The second was in 1989. The third was in 2001, and the last was in 2008. The monster crash for stocks is still to come. The fundamentals both for the banking system and the economy and our dysfunctional Federal government will not allow current record stock prices to persist.

Andrew A. Lanyi (May 27, 1925 – August 4, 2009) was a well renowned stock broker, analyst, World War II forced labourer, investor and author who became one of the most successful and well known stock brokers of the 20th century

Andrew A. Lanyi (May 27, 1925 – August 4, 2009) was a well renowned stock broker, analyst, World War II forced labourer, investor and author who became one of the most successful and well known stock brokers of the 20th century. Lanyi was born to a Jewish family in Budapest, Hungary.

Hardback Graphic Novels. Hardback Dictionaries and Reference Books.

Publisher: Pearson Ptr, 1992. In amusing and entertaining style, one of the most successful brokers in Wall Street's history reveals his tics, secrets, and methods. His specialty: picking undervalued stocks about to experience explosive growth.

In amusing and entertaining style, one of the most successful brokers in Wall Street's history reveals his tics, secrets, and methods. His specialty: picking undervalued stocks about to experience explosive growth.
Rainbearer
Helped me with my insomnia, cocaine and meth addictions problems, no need to take sleep medication.. After reading this book you cured!
Fenrikree
Excellent
Cordalas
Great reading
I'm a Russian Occupant
Andrew A. Lanyi (1925-2009) grew up in Hungary, escaped from a Nazi labor camp during WWII, became a Hungarian stage director, and later fled Hungary with his wife when the Russians attacked in 1956. He didn’t have a job, money, or speak any English when he landed in New York City, but thirty years later Lanyi would be considered one of the best stockbrokers of his generation.

In 1958, Lanyi got his start on Wall Street peddling mutual funds. He quickly excelled because “1.) I put in substantially more time than anyone else, 2.) I listened to the advice everyone gave me and then considered whether doing exactly the opposite might be more beneficial. Very often it was.” He bounced around with a few different firms. By the late 1970’s, Lanyi grew tired of Wall Street Research “most Wall Street research shoots for mediocrity and never quite makes it.” He wanted to find tomorrows blue chips today, and developed a disciplined research and investment strategy.

Lanyi would become a very successful broker and set up his own division at Ladenburg Thalmann, and later with Oppenheimer & Co. He and his team of 28 analysts and salesman would do deep research into micro-smallcap securities. He preferred companies that traded on the OTC because they were undiscovered. They would meet with management, and do hours of scuttlebutt research talking to a prospective company’s customers, suppliers, and printers (printers = those that produced the packaging or marketing materials for the product/service that was sold). If the company passed due diligence Lanyi and his brokers would hit the phones getting his clients into these undiscovered companies and in most cases buying 10-30% of a company’s float.

How Did He Select Stocks?

Find companies whose sales increased more than 15% and earnings by more than 30% over the previous years quarter.
Prefer companies that totally dominate their industry, niche, or geographic areas. Looking for monopolies or near monopolies.
Find companies that even during recessions can increase their sales and earnings every year.
The stocks should not be known by Wall Street.
Ever-growing repeat orders. Recurring business.
Does the company have or lend itself to, a cookie cutter approach? Scalability.
When applying the six criteria he would remain flexible, “We do not want our criteria to turn into a straitjacket”, but he also noted an overwhelming majority of exceptions did not work out well. Lanyi believed that his criteria and diligence was more rigorous than 99% of brokerage firms, and it led to exceptional results. Lanyi and his team went on to find many great companies early including: Automatic Data Processing (ADP), H&R Block (HRB), and many others that went on to be acquired since the publication of this book (1992).

In the book you will learn more about Lanyi’s research methods, buying and selling philosophies, and his life story. My favorite section of the book is where Lanyi publishes interviews he did with a series of founders before their stocks were known by Wall Street. These interviews include Henry Taub founder of Automatic Data Processing (ADP), Henry Bloch co-founder of H&R Block (HRB), Joel Gordon founder of Surgical Care Affiliates (Acquired by HealthSouth in 1995 for $1.2 billion), and others.
Landarn
To all the reviewers complaining of wasted time, I would counter that the succinct, sectioned writing limits your loss. Better this than a tome with equal content by a polished windbag.

What you get in return is of interest more for the history and biography; it contains better wisdom about sales, gamesmanship, and chutzpah than about investing.

Anyone who still believes they can learn how to invest from a sell-side broker needs to learn the hard way.

Of course, I benefit from sell-side books like this, because I generate income betting against ridiculously overvalued growth stocks. Also, it helps to pay close attention to their arguments, because bubbles must be respected until they burst or moderate.

Two additional suggestions for those who insist on trying to ride growth stocks up:
1) If you really want to get in early, you should be in venture capital rather than a retail investor
2) All exponential growth comes to an end; be sure to get out of your investment in time!

I got this book at zero marginal cost in a $2 bag of library discards, and so can't complain about the price. Price depreciation for autographed copies may be slowed by the author having died in 2009. He seems like an interesting character to have gotten to know, but he likely would have lost interest in me after I failed to invest as he suggested.
Monn
If you want to know how a good stock market company should operate read this great book...If you want to know what you should be aware of if you invest in the stock market and how some of the dishonest stockbrokers that are around operate, read: "The Financial Fix," by David C. Levine. He even has a website where he will monitor your stocks for any irregularities by those dishonest stockbrokers.
Tebei
I bought this book secondhand for a penny plus $6.49 in shipping fees. Given that I paid significantly less than the people who bought this book new, I also expected less. After it had arrived in the mail, I let it sit for about 2 weeks before I got around to reading it.

The things that Lanyi investigates may sound generalized and lack a greater overview, but it is his story as a stockbroker. The goal of the book is not so much to teach its readers on how to invest. Rather, he tells people what he experienced and what he saw in his lifetime as a stockbroker.

The 1-star comments that I read about this book are from people expecting to read about investing secrets. That would be expecting too much from a book like this. I suppose that the word "confessions" can be misleading. To me, Lanyi's experience as a hardworking immigrant in New York is inspiring.

Don't read this book if you expect to become an overnight success.

Read this book if you want to read about someone who succeeded in life.
If you are familiar with the fundamentals of investing and take an interest in stocks, then this book is a great resource to learn more about the inside of a full commision brokerage. I have been reading actively for about a year now on investing in the stock markets. I have the fundamentals down. This book gave me insight that I never got from the typical 'intro' books to stocks and the stock markets. Great insight to the structure of a broker, and how full commision brokerage firms work. Some real gems in this book. If you read The Motley Fool and enjoyed it, this is a very good book to follow.