Amazon.com: Customer reviews: Nobody Knows Anything: Investing Basics Learn to Ignore the Experts, the Gurus and other Fools

Top positive review

He has not taken his own advice but I like his book

Reviewed in the United States on January 24, 2021

The author has two books. I liked the second one better. Both are useful, reasonably priced and I think more than worth the money. One has to ignore the first chapter and his distorted view of history, the Catholic church and the gurus he believes in but I believe this book to be a worthwhile addition to any investment library. His most useful lesson is about when and if to take money off the table. Everyone tells you to do this but this book is an invaluable tool in that lesson. I also particularly liked his insight into the Delphi method. When I was in college I laughed at the silliness of the method but this book, Wikipedia and a little knowledge about Options gave me respect for this method that is the underlying reason implied volatility is accurate. I recommend this book for the author's investment acumen. The other stuff is him thinking he is more than he actually is. Both his books are really quite good. They are well documented, easy to read while covering subtle and difficult topics others can not make clear and probably the best value for the money when buying any investment book whether you invest in stocks, futures or options.

3 people found this helpful

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D-Line

Rambling and super basic and arrogant to boot!

Reviewed in the United States on March 2, 2020

"Buy things that are cheap, sell things that are precious." Some how Bob has marketed himself to be a guru when, in fact, he's a blowhard. On his website, 321Gold, he'll spout all sorts of junior mining tips but I'll be damned if any of them pan out. I know people like Bob...loud and gruff with simplistic analogies that make everything seem so simple - "why would you pay the baker for unbaked dough? he's called a 'baker'...get the 'baking'...and that's why you'll be wealthy because you went and got it baked." And Bob smirks like he's Sophocles. Wait, what?

I stumbled into precious metals years ago. They are where the world runs for cover so have 20% to 30% in your portfolio to be diversified and, yes, buy the metals that are historically cheaper at that time.

And learn to write, Bob. This book is pathetic. Take some of your huge gains and get an editor.

One person found this helpful

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From the United States

Joe

He has not taken his own advice but I like his book

Reviewed in the United States on January 24, 2021

Verified Purchase

3 people found this helpful

Helpful

Hrvoje M.

A Common Sense Slap Upside the Head

Reviewed in the United States on April 9, 2019

Verified Purchase

Over the course of the last decade or two financial gurus have come out of the woodwork. A lot of them have talked some basic sense, but often have an agenda to sell and repeat the same message and advice over and over for years and years. Often those who listen to these gurus miss the boat, they miss the tops and the bottoms.

Bob Moriarty helps snap people out of such hypnosis by providing a concisely written to-the-point handbook on common sense ways to profit. It's really easy: follow the signals or the social sentiment and psychology of the crowd. Buy low, sell high. This means not getting attached to any investment in particular, buying what is hated and selling what is loved, something often difficult to do. He also provides some essential links and resources to tools that will help investors make wise decisions in gauging crowd sentiment and signals and helping them make wise investment decisions.

The book is surely worth the couple of bucks it's sold for.

4 people found this helpful

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David Pavelka

I honestly think this book is a gift for all readers.

Reviewed in the United States on September 9, 2020

Verified Purchase

I honestly think this book is a gift for all readers. You can learn lifetime tips and tricks of the author and I think the main motivation of this book is to pass this experience, the author has learned for many years. Thank you Bob for your book, the afford and the information you have written.

It has been the best book about investing, I have ever read. I love the author, follow his articles on his homepage 321gold.com and like the way he thinks.

The book helped me to sell my first investment. To make a real profit, the first time ever. It is something, extremely valuable.

I have been reading this book many times for 2 years. This is the best book you can find if you are interested in investing, especially in resources. But the lead theme and rules of the book "Nobody Knows Anything: Investing Basics Learn to Ignore the Experts, the Gurus and other Fools" are useful for investing in any other investing area.

"I always quit when I'm winning. I'm winning now, so it's time time to leave."

No words of manipulation, conspiracy, but clear thinking of a great author!
I also recommend his second book: "Basic Investing in Resource Stocks: The Idiot's Guide"

Thank you for your books!

David Pavelka

2 people found this helpful

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Guilherme

An intelligent author being real about investing

Reviewed in the United States on July 28, 2019

Verified Purchase

It is a short read; however this book is filled with insights about investing - the kind of stuff you don't see the so called investing gurus talking about.
I've read a lot of books on investing but very few of them are written with the intention of teaching you something. Usually what you get is people trying to promote themselves and their own expertise. From the title of the book you can see this is not what you'll get. You'll get no formulas nor a guide to trading. You'll get something much better. I highly recommend this book.

4 people found this helpful

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D-Line

Rambling and super basic and arrogant to boot!

Reviewed in the United States on March 2, 2020

Verified Purchase

One person found this helpful

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HRoark

Great investing and trading advice and a funny read at times

Reviewed in the United States on June 2, 2019

Verified Purchase

Best investing book I’ve read in a decade. Even if you don’t want to get into precious metals or commodities, this book has plenty to offer. Quit paying people to manage your money when they lack skin in the game for a negative outcome. It’s easier and cheaper than you think.

3 people found this helpful

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Lawrence W. Lepard

Wisdom

Reviewed in the United States on May 1, 2020

Verified Purchase

The great thing about Bob is that his courageous and is willing to say thing that others will not. He brings a lot of practical experience and wisdom to the investment world and there is more horse sense in this book than you will find in nearly any other investment book. He focuses on what works, not what is fancy. I benefited greatly from reading this book. It is a quick read and full of nuggets.

One person found this helpful

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S.N.

Great book almost as good as his other one

Reviewed in the United States on January 6, 2022

Verified Purchase

just read it. The suggestions for amazing subscriptions alone are worth the price. Thanks for writing an entertaining book on finances and investing

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Edward W. Darell

Nobody Knows Anything, Including the Author of This Book

Reviewed in the United States on August 2, 2019

Verified Purchase

I was expecting an honest, clearly-written and iconoclastic work. At the beginning, I felt that my expectations were being met. Unfortunately, the book devolved into just another formulaic how-to manual. It reminded me of some of the “can’t miss” recipe books littering the field of thoroughbred horse racing, promising untold riches to those who followed its simplistic dictates.

One person found this helpful

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Customer 321

Excellent Book!

Reviewed in the United States on April 25, 2021

Verified Purchase

Excellent book. I wish that I read it years ago. I would be richer today if I had.

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