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How to Buy Stocks
Book

How to Buy Stocks

Louis Engel and Henry R. Hecht
Little, Brown US, 1994
First Edition: 1994

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Editorial Rating

7

Qualities

  • Applicable

Recommendation

In this eighth edition of Louis Engel’s classic stock market primer, former Merrill Lynch Vice President Henry R. Hecht adds updated information for contemporary readers. This critically acclaimed book provides a ground-level explanation of nearly every aspect of the stock market and investing, while also offering savvy investment principles. It introduces readers to common investment terms and provides a broad picture of stock investing. The book is well-organized and clearly written, as befits a traditional reference in the field. As the author says, “This is a book about how to make your money earn more money for you by investing it. It is not a book about how to make a fortune.” getAbstract recommends this manual to neophyte investors and anyone who wants to learn how to make sound long-term investments in the stock market.

Take-Aways

  • Investment terminology may seem difficult and complex. However, the underlying principles are quite simple.
  • When you purchase a share of stock in a business, you become a part owner.
  • How much a share of stock is worth depends on what somebody else is “willing to pay for it when you want to sell it.”

About the Authors

Henry R. Hecht is a former vice president and manager of editorial services at Merrill Lynch. He now works as a writer and an editorial consultant. Louis Engel, the original author of How to Buy Stocks, devoted his career to the investment trade.

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