The author reveals how he finds companies on the verge of tremendous growth, and argues that the successful investor must understand the essence of a company
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Andrew Lanyi, once a Hungarian stage director, is today, quite possibly, America's top broker/analyst. Fortune magazine says Lanyi has made over one million cold calls during his 34 years, earning him the enviable accolade as one of the most successful retail producers in Wall Street's history.In an amusing and entertaining style, Lanyi confesses to every tactic, secret and method that has enabled him - and could enable you - to make big money.Lanyi's specialty? Identifying companies he believes are about to experience explosive earnings growth, but which still can be bought for next to nothing. Companies which Wall Street hasn't yet discovered. A taste of his record: Over 25 years ago, Lanyi put his clients in H&R Block and Automatic Data Processing. The price of these stocks has grown 105,000% and 185,000%, respectively!No wonder it's been said "his reputation for stock picking is legendary." Publications such as The Wall Street Journal, Time, Fortune, Forbes, The New York Times, Business Week, Financial World, USA Today, Sylvia Porter's Personal Finance, Money, U.S. News & World Report, The New York Post, and L.A. Times have been quoting Lanyi for a long time.Filled with funny and enlightening anecdotes, Confessions of a Stockbroker shows you the way to find your own blue chips of the future, while taking you along on an always fascinating and entertaining journey.You're an investor, searching for the next big, big winner ... you're a research analyst wondering why a company's earnings just fell through the floor ... you're a broker struggling to convince your client why he should act NOW ... In this personal and professional memoir, Lanyi gives you a behind-the-scenes look at the stock market and divulges the answers he's found; answers which have made him and many of his clients wealthy.For example, you'll learn how to recognize which emerging-growth companies have the ingredients to become the blue chips of tomorrow. You'll hear, first-hand, from their CEO's, the histories of some of America's most successful growth companies. Why Lanyi uses totally different methods for stock selection than what you've read in books, or heard from your broker or market timer. How to know when it's time to sell a stock. An ability infinitely more important, and more rare, than knowing when to buy. How to be the exceptional breed of broker who can open a great number of high quality accounts - and keep them open. Lanyi describes proven strategies he's found to move hesitating investors to action.If you've ever owned a share of stock, you'll enjoy the shrewd observations and winning tactics of Andrew Lanyi, in his first lighthearted stab at discussing the stock market.
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