The Brainwashing of the American Investor - More Book Reviews Volume 2

I recently discovered "The Brainwashing of the American Investor". This masterwork is essential reading for investors young and old. It is delightful to see someone so candidly reveal what I have long suspected: "Those you trust for financial advice frequently aren't looking out for you!" Steve's book is much more than a revelation of the workings of the financial community, there is great investment advice here.

I have been an investor for about ten years and with moderate success, using many different strategies: momentum stocks, CANSLIM cup and handle breakouts, flat bottom breakouts and indeed, these usually work in a "good" market, when everything is going up. My real success began when I learned to buy good companies while they were temporarily out of favor. This strategy does not require a "good" market, and volatility is a blessing.

Steve describes a similar strategy in his book. His investment model is complete. He not only tells you where to find these stocks but when to buy them, how much to pay and most important of all, when to sell! If you want your young adult children to be able to support you when you get old, BUY THEM THIS BOOK NOW!! (J J, Bakersfield, CA, 08/04)

Reviewed by: Lauren Bielski, Managing Editor, ABA Banking Journal, (December, '02)

Selengut does readers a service when, with careful examples, he stresses the notion that Wall Street firms don't have their best interests at heart. Examine the mechanics, prejudices, and tics of Wall Street.

Reviewed by: Allen I. Kraut, Ph.D., Professor of Management, Zicklin School of Business

It was a pleasure to read your book. This is a work that deserves a wide audience. The writing style is clear, and plainspoken. The book is refreshing in its astute and acid commentary on Wall Street. Investors would be wise to be aware of the tremendous "brainwashing" to which Wall Street subjects the public.

The book reflects the author's extensive knowledge of solid economics and the investment market. It challenges much of the conventional "wisdom" on investing. The examples given make complex topics easy to understand. It quickly becomes clear that there are indeed dependable ways to manage one's assets safely and productively. This book shows people the value of disciplined trading and will make it easier for investors to achieve their long term goals.

From darkness to light! We were burned twenty five years ago by a Wall Street Brokerage firm whose initials used to be M L F S B. When the market was going up, $50,000 turned to $30,000. Mr. Selengut's book is a cross you can hold up to "The Vampires of Wall Street". You can now make prudent investment decisions that you can control. C. W., Hot Springs, AR (04/04)

I read your book thoroughly last week. It was so tremendous that I had to reread some parts. I am now recommending it to my friends. It is obvious that a number of us will have to relearn about how the real Wall Street works and not buy into the propaganda. Your book will have a major impact on all of us.

I have not been this excited about a book since "The Wall Street Jungle" by Richard Ney. (Don G., 03/06/03)

Reviewed by: James A Cox, Editor-in-Chief, The Midwest Book Review,
(December, '02)

A realistic guide to what Wall Street tends to gloss over or conceal from the mainstream public when it comes to investments in stocks and bonds. The "real scoop" on annuities and unique insights and wisdom for investors of varying experience levels. Written for those whose portfolios have been so badly abused in the recent rash of corporate corruption scandals.

I have read "The Brainwashing of the American Investor". As a producer for a PBS station, I found it to be unique and insightful. I feel that it would be of great help to the people of America, receiving a crash course in the financial world of our capitalistic society. It has caused to me to view our financial programs, i.e. Wall Street Week, with a different perspective.

Reviewed by: Stu Taylor, Host of "Equity Strategies" on "Business Talk Radio" and "Radio America" (09/18/02)

"Now and then a book comes along that has a permanent place by the bedside. "The Brainwashing of the American Investor" is one of those books. Selengut's masterpiece has unlimited value, and will help maximize your opportunity to secure the financial future for you and your loved ones without repeating the mistakes of the past."

I finished reading your book and found it fascinating.
Jan W, Savannah, GA (01/04

Your book is the first thing I have ever read that makes investing make sense. J. Smith, NH (11/03)

I bought the book last year...made $50,000 doing it like the book said...my CPA was not happy! J T, Grapevine, TX (02/11/04)

Reviewed by: Dr. Karen J. Frey, CPA, Chair, Department of Management, Gettysburg College, (10/30/02)

"The Brainwashing of the American Investor" is direct, hard-hitting and brutally honest...The title implies a strong message, and the book does not let the reader down. Once Steve Selengut debunks the notion that Wall Street is on your side, he tells you how to take control of your own investments. His strategy is easy to understand and takes the guesswork and emotion out of investing.

I found you investment philosophy and process to be sound, logical and refreshingly different from what appears to be "canned" advice from other investment advisers, either "independent" or aligned with major financial institutions.

I have read your book, 'The Brainwashing of the American Investor'. I am on my third reading through it. I love it! I am so excited about trying out the system you describe! Charles B (01/04)

I found your book while visiting a library this summer on vacation. I have read a number of books on investing, and this one makes the most sense to me...I would like to try your approach. Thanks for your message and ideas. D. G., Monterey, CA (08/20/03)