5 Responses to “FORTY YEARS A SPECULATOR”

• By M. R. Bergeron on Mar 14, 2010

  This unfortunate tome (or should I say pamphlet?) by Fred Carach is an absolutely cynical and jaded diatribe. Though there is some wisdom like the superior movements of small caps over large, the weakening world economy and how to play it, and gusty specific stock picks that you don’t normally get from other investment books Carach undermines his credibility when he rips everyone from William J. O’Neil to trend followers to Benjamin Graham to Nicholas Darvas in the most caustic of ways within the first 30 pages. He also repetitively alternates in disturbing fashion between a self described riverboat gambler to a Clint Eastwood caricature that is unsettling the first, second and third time he devotes too must ink to it. To be taken seriously you must write seriously. Also no publisher is to be found anywhere inside this book which hints to me that Carach is quite possibly self published and edited (many typos and typesetting mistakes throughout this book) and without a literary agent or publisher. Go figure. With this man’s viewpoint on the markets it’s no wonder he’s living in a condo in South Florida (he’s admission, not my allegation) and not inside a luxury gated community the likes of which the John W. Henrys of the world reside as a result of true stock market success. Don’t believe the jacked up ratings littering this books listing. If it seems too good to be true…….
  Rating: 2 / 5
• By Midwest Book Review on Mar 14, 2010

  There’s a form of legalized gambling in this country. It’s called the stock market. “Forty Years a Speculator” tells Fred Carach’s story of rising up and becoming a stock investor who lived on the edge, likening himself to the riverboat gamblers of old. After forty years as a safe investor, he describes his revelation, and in “Forty Years a Speculator” he invites readers to make the same revelations about their own investing.
  
  Rating: 5 / 5
• By sansai on Mar 14, 2010

  To have all 19 reviews at present be five stars is a little over the top, especially when you consider this gem on page 126:

  “Redhat- This is the country’s largest and fastest growing Linux software company. This is a rarity for me, owning a genuine growth company. I can’t see anything on the horizon that will induce me to sell it. I have believed since I bought it that it was an estate builder. Of course it is outrageously overpriced, but for this baby I throw caution to the winds.”
  Rating: 3 / 5
• By Big Al on Mar 14, 2010

  My pen name is Big Al. I am also the writer of this book. When you self – publish a book if you don’t review and promote it, then no one will. Which is what I am doing now. I have read dozens of investment books and they all ignore the almost unknown world of small-cap and micro-cap investing. Not to mention my specialty of penny mining stock investing. And yet this is precisely the world where the small investor of limited means can make a killing. Once you make your first killing in my world you will be in it for life. Just like I am. Let me introduce you to my world. A world where you can make a killing on a chump-change investment.
  
  The most exciting thing about my world is that anyone can afford to enter it. You can become a player for an investment as low as $500.

  I started a blog to promote my book and then I discovered that I had a lot more to say about investing,finance and economics than I had thought. I now have more than ten essays on my blog which I think you will find interesting. I promise you that you will find them at the very least unique,different and thought provoking. There are also podcasts of interviews that I have done which I think you will find to be well worth your time. [...]
  Rating: 5 / 5
• By Lowcountry Reviewer on Mar 14, 2010

  For grammar, punctuation, and sentence structure, I would give “Forty Years” a 3-star review. It became more clear as I continued reading that the manuscript skipped a stage or two in the editing process.

  But who cares about that? Really, nobody reads an investing book and worries about grammar, punctuation, and sentence structure. We’re there for the meaty details of how to make the most with our hard-earned money, and “Forty Years” is chocked full of meat. I’ve never been one to accept the conventional manner of investing – buy and hold the blue chips – so I’m taking this as an opportunity to stretch my muscles a bit in the world of gambling, er, investing.

  Scared money doesn’t make money, and, finally, with Carach’s advisement, I have a channel to vent my desire to make money before I’m 70. Thanks Fred!
  Rating: 5 / 5

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