"Brace yourself. You're about to see the stock market from a radically new angle. The focus of this book is figuring out which stock is going to be the year's single best performer in the S&P 500 Index. In the period studied here, those stocks have produced one-year returns ranging from 80% to 743%. You've read the standard investment approach lots of times. Financial institutions and personal wealth advisors present familiar themes: "Focus on the long term. Diversify. Stick to high-quality companies with dependable ...
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"Brace yourself. You're about to see the stock market from a radically new angle. The focus of this book is figuring out which stock is going to be the year's single best performer in the S&P 500 Index. In the period studied here, those stocks have produced one-year returns ranging from 80% to 743%. You've read the standard investment approach lots of times. Financial institutions and personal wealth advisors present familiar themes: "Focus on the long term. Diversify. Stick to high-quality companies with dependable earnings and proven management." These are wise words, well worth heeding if you hope for a secure financial future. But let's face it. Those prudent principles don't even vaguely describe the actions of certain investors. A nontrivial percentage of people who buy stocks are shooting for a monster payday. Not between now and retirement in 40 years but immediately. Or sooner. They have zero interest in "hitting a lot of singles." They're swinging for a grand slam, game over, right this very inning. The instant gratification style of investing made headlines on the business page and beyond in 2021. Hordes of market newcomers became obsessed with meme stocks. The shares of a few companies with a ton of social media buzz went to the moon--and back, in some cases"--
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