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Title: Excellent but...
Review: I very much enjoyed the book (and think that it is about the best book on the market), but I did have a couple of problems with it.First, most of the strategies are geared towards the institutional investor (i.e. the relative strength with one year rebalance) not the individual investor who has to worry about turnover and taxes... I suggest multi model research with rebalancing every three years or so..Second, I do think that an individual investor can pick approximately 100 stocks under $25 million cap (from the NASDAQ) and get close to the extraordinary returns that his porfolio demonstrates.An individual investor can look for stocks with bid-ask spreads under 5% (and there are plenty) and don't need to by 2000 stocks with $2 million dollars. With $50,000 or $100,000 an individual can set up a portfolio of 75 to 100 stocks that track the 2000 stocks within 1-2%.Thanks...
