5 comments about Wall Street On Sale.

1. a dangerous thing

   This book gives some of the clearest criteria I've seen in valuing a stock for a small individual investor and is very easy to read. I think it a little better than his book on Buffett which is basically a rehash of this one. The low reviews I can only assume in part are because of the timing of this book's release at the end of 1998 when value investing's popularity was reaching an all time low.

   The book is very strong in giving and explaining yardsticks and indicators that could prove successful in screening stocks for a value portfolio. It talks about things you'd expect from a value book like a company's growth rate as related to its price, ROE, book value, etc. In addition though it goes into the interrelationship of interest rates, bond yields, and earnings yields and gives brief profiles of some value investors. It was easy to read, much simpler than something like Security Analysis for example.

   There were problems though. The point raised in one of the previous reviews that the book gives somewhat of a contradiction in first criticizing forecasts and then turning around and using them is valid. Still I think that what Vick's examples show is how he thinks forecasts should be used and that his earlier criticism of forecasts was for the way others were misrepresenting them. It is unfortunate he did not take time to clarify his stand on this matter. The other thing I thought this book was weak in was on the experiential side. Not much in terms of what kind of stock price movement a value investor could expect during a holding period and what he should do. Doubtless an experienced value investor would hold but a beginner reading this book should be given a very clear idea of just how long it might take, the potential pitfalls that lie in wait and taught to constantly follow up on his analysis. The very clarity of the case and example style used by Vick might lead one inexperienced to believe that investing was more a matter of science than of art. Serious investors that go truly in depth and take the time to visit companies will also find this a rather boring book because of its classroom instruction sort of feel.

   If you are a part time or beginning investor this book will give you a solid introduction to value investing and a convenient process by which to narrow down your search for value companies. If all you want to do is buy stocks, I would consider Wall Street on Sale to be more specialized and superior to an intro to corporate finance book for example which is more general but perhaps more complete. Like with any intro book it is dangerous to jump in immediately afterwards and think one is already proficient after just reading it. You'll need to be careful with the info here and experiment a little to see if it really suits your personality.




2. The bull market has turned value investing into the neglected stepchild of wealth-building strategies. Tech companies have been big winners, and even value investing icon Warren Buffett has fallen on tough times. Still, Timothy P. Vick makes a compelling case for value investing. He dismisses such strategies as timing the market and chasing hot sector stocks as more gambling than investing. Vick argues that investors should seek bargain stocks by studiously researching companies and finding those whose current assets and future growth are undervalued by the market. Vick's useful rules for value investing include this first axiom: You buy cars and clothes on sale, so why not stocks? He lays out tools for determining when a stock is on sale, such as calculating return on equity and profit margins. While the subject matter is arcane, the way Vick conveys his message is easy to understand. We [...] recommend this book to investors on all levels (and it's far more cheery than the news from the market).



3. I'm a new investor, and this book was very understandable, practical, informative, enlightening, ect.. This is a very vaulable resource of information on investing. I highly reccomend it.



4. I have read many investment books but this gets my vote for the best of all of them. It is very easy to read as it is so well written and Mr. Vick makes many points that are so indisputable that I plan to re-read and re-read this book many times over in order to see through the sales pitch that Wall Street often sells us.



5. Read it and use it. I don't think you will get a poor result in the security market.

2 comments about Candlesticks Explained.

1. I'm quite pleased with the material presented in this book and the clarity with which it is presented. I don't know how much credit to give to Mr. Pring versus the charting method he illuminates, but Pring makes candlestick charting entirely accessible to any reader possessing the intellectual tools requisite for competent analysis and trading. To be certain, I'm much impressed with some of the advantages candlestick charting provides the trader over conventional western charting and so a good part of my favorable impression of this book may lie in my approval of the techniques that Pring describes.

   My own trading style relies somewhat on technical analysis but is also heavily influenced by fundamentals and market psychology. What I found most attractive in Pring's candlesticks was the way in which he focused on what this or that pattern revealed about the attitudes of market participants not just from day to day, but more importantly during the day. As a swing trader, I find this approach absolutely essential in detecting shifts in sentiment on a relatively short term basis, but in a broader context than within the electronic strictures of pure day trading.

   Above all else, I give Pring credit for simplifying this analytical technique down to its basic components and including excellent descriptions and charts. While I'm inclined to conclude that most Technical Analysis books are overpriced, I believe that any book that can give the trader reliable new tools is ultimately worth the price. I believe this book fits in that category. I recommend this volume to anyone who desires more than rudimentary knowledge of candlestick charting. I doubt that any discussion of candlestick charting extending beyond Pring's teaching would really add much to the topic. I highly recommend this particular volume.




2. This book is for beginners,the tex is very good ,the cd
   repeat what's in the book,but don't expect to learn everything you need to know about candlestick from this book.This is just a starter.Fair book.

5 comments about World, Inc..

1. World Inc brings a glimpse at global and local politics from an economic perspective, certainly a must read for the movers and shakers.



2. Bruce Piasecki has written powerful and compelling book that highlights the tangible benefits of management innovation driven by social awareness. Of particular interest to those participating in the global financial markets is his chapter entitled "Money Will Not Manage Itself." The book is must reference for training globally competent managers with a view towards social responsiveness.



3. Like his hero, E.F. Schumacher, Dr. Bruce Piasecki newest book presents us with a powerful, inspiring, and compelling alternative to business an usual. In World Inc., Dr. Piasecki argues convincingly and in writing that is accessible to all, that the future of business success lies in competing on social needs as well as on price and quality; that is, by offering products and services that serve the greater good and not just consumer desire. With success stories from today's corporate elite he describes how going green and going global can help heal the environmental and social ills we face.
   
   According to Dr. Piasecki, social response capitalism is a sea change in big business practice. Hence, World Inc. is not a theoretical book, but rather a report on what is happening right now. The social response wave, which was born 25 years ago, has built gradually, and will play an important part in deciding the corporate winners and losers over the next several decades. Neglect it at your peril, warns Dr. Piasecki. Seize it and opportunity awaits.
   
   For these reasons alone, World Inc. is an important book and should be read by business leaders everywhere. Yet what sets this volume apart is its focus on the role of investors in fostering change. By highlighting how rating groups determine risk and value the intangible assets born from social and environmental efforts, Dr. Piasecki shows the power of the investor in making the world a better place. And what better use of one's investment dollars could there be?
   
   My only criticism about World Inc. (and it's a minor one) is that Dr. Piasecki does not talk much about smaller and mid-size firms. As an observer of the social responsibility practices of SMEs, I would have enjoyed reading how Dr. Piasecki feels competing on social needs will affect those millions of companies worldwide who are both suppliers and customers of the multinational firms he showcases. Going green has historically proved challenging for them. And, as Dr. Piasecki so aptly points out, the membership of the Fortune 500 has changed dramatically over the past 25 years, and today includes businesses and even industries that were unknown until quite recently. Who knows which SMEs will ride the wave of social response capitalism into the Fortune 500 of tomorrow.
   
   John Winter
   President, Social Responsibility Solutions LLC



4. In April, Dr. Bruce Piasecki came to Red Fox Books downtown here in Glens Falls, NY to discuss his book "World, Inc." Dr. Piasecki has many diverse credentials ranging from his education at Cornell, his professorship at the RPI Lally School of Management and Technology, founding and presiding over AHC Group, Inc. and his authorship of a diverse selection of books on environmental matters and management. I picked up "World, Inc." in April and read it in October with the idea of a progressive business culture in mind. Almost immediately in reading the book I could see I came to the right place: "positive, transformative actions in your business and your life can be not only feasible, but profitable." Clearly, I was looking into serious discussion of this topic.
   
   
   
   Referring to many other research and publications (e.g. Patricia Aburdene's Megatrends 2010's "conscious capitalism", Jack Trout & Steve Rivkin's Differentiate or Die where focused differentiation is a key to effectiveness in massive markets, Thomas Friedman's The World Is Flat which describes the leveling of industries in the new world market), a Socially Responsible Capitalism is seen to emerge. "Companies restructure their operations to actively accommodate consumer demand by creating new products that bridge the gap between traditional expectations of performance and price and social impact on the larger world." This is an emerging phenomenon. "This gap has traditionally been ignored because it wasn't considered good business to worry about such externalities; price and quality sold products." [page 43] This is also described as a "new trinity of corporate strategy: price, technical quality and social response." [page 33]
   
   
   
   "The S-Frontier" is a three-sided consequence of the new global equity culture where these factors converge: (1) the swiftness of new global market information (2) the severity of leading social problems (such as global climate change and the finite supply of oil) and (3) the need for Social Response capitalists. [page 24]. Another way of describing this frontier is "faster, cheaper, better - these are the hallmarks of modern society. Yet ... when faster and cheaper become too dominant, progress is stagnant and we can feel it." [page 28] That is to say, faster and cheaper no longer mean better (as seems to be the hallmark of traditional economics).
   
   
   
   Bill McKibben, whose recent book Deep Economy describes the economic situation as where there are two birds, called More and Better, sharing a branch on a tree. Somewhere in the advancement of economy, McKibben says, Better fluttered off a few branches from More. So now, when we aim with out stones, we cannot choose More and get Better. Instead, we are forced to choose between More or Better. Piasecki says this even more succinctly: "It can't be all about more, it must be about better." [page 139]
   
   
   
   A way of interfacing this S-Frontier is by concentrating on Social Response Product Development which will develop along these keys:
   
   1) Margin Improvement
   
   2) Rapid Time Cycle
   
   3) Global Market Access
   
   4) Product Differentiation
   
   5) Social Bundling of Value in Products
   
   6) Reducing the Risk Premium
   
   [page 55]
   
   
   
   Social Response Product Development is said to be emerging and won't be at its peak until 2015 [page 66], so now is an excellent opportunity to engage in its long tail by implementing and enjoying its benefits soon.
   
   
   
   Social Response Product Development and Social Response Capitalism represent more than an altruistic wish for a better economy, but instead represent a pattern emerging among very large and very successful companies. Throughout the book, there are examples of case studies of corporations from Toyota (in its development with Honda of its hybrid electric power train), Suncor (and its partnering with native and local peoples in developing Alberta's tar sands), Innovest (in promoting leading social indicators for investment metrics) and Hewlett Packard (for its e-incentives strategy of creating markets for the pyramid floor level of the global equity market). To this end, Carly Fiorina, former CEO of HP, addressed this social development: "The winning companies of this century will be those who not only increase profits by maintaining the highest standards, but those who increase social value at the same time." [page 145]
   
   
   
   Ultimately, it comes down to a matter of trust. Promoting a corporate culture of trust will inherently create the progressive culture and all the benefits that have been described to flow from it in the Transformative Change documents. We can view the core elements of trust in corporations as: "Trusted Leadership, Social Awareness, Governance, Transparency, Risk Management, Intellectual Capital, Value Creation, Scoial Response, Better Products." [page 192]



5. Good and interesting concept with questionable written execution.
   After reading about a third of this book, I'd had enough. The concept was an interesting one but I felt this book could have been summed up in a 20 page article in a business magazine or Harvard Business Review.
   Skimmed through the rest and felt like I got the same amount of info on Socially Responsible business history.

No comments about Cmo Comprar una Vivienda Para Dummies.

1 comments about The Complete Idiot's Guide to Commercial Real Estate Investing, 3rd Edition (Complete Idiot's Guide to).

1. There is useful information in this book, particularly for someone new to Real Estate or Development. Very basic, no complex concepts, but would recommend as a learning tool.

5 comments about The Money Keys: Unlocking Peace, Freedom & Real Financial Power.

1. I have been what one would call a spiritual seeker for quite some time now, and this book (and the audio program that I am currently listening to from Karen Russo) have helped me in understanding that many, many people feel the same way. More then finding others that feel the same way I do, I found the exercises in this book helpful and easy to follow - they provided a road map and accompanied me on my journey! Pretty soon I have to change my title to finder of spiritual meaning while making money.



2. The Money Keys: Unlocking Peace, Freedom & Real Financial Power
   
   The Money Keys has provided me with precious information on how to step out of "The Money Traps" I had fallen into over my life and into REAL financial freedom. In 20 years of workshops, self-help books and seeking, this is the first time someone has put Money & Spirituality together in a way that is understandable and applicable! I am grateful to Ms. Russo for guiding me to shifting my beliefs, habits and actions around Money. The Money Keys is life changing and a must-read for anyone who wants to step into true peace and freedom in their Money lives. Thank you so much for this timely, important book!



3. I found the writing style to be very accessible and helpful. I appreciate the depth of the insights here. This is an excellent tool for anyone who is truly interested in transcending old limiting thoughts about their financial picture and looking to find a trampoline to jump into a new perspective. The ideas are very clear here and they work! Very well done. I highly recommend this book to anyone looking for spiritual guidance about wealth and freedom from fear.



4. Karen Russo is a gifted writer and speaker. She has an incredible ability to blend her business and financial background with the themes of spiritual and emotional health.
   
   I often struggle with the idea of wealth and money not being spiritual or meaningful. Or, even with feelings of "guilt" over desiring financial success. Karen's book offers sound financial suggestions, but also guides the reader through the path of limiting beliefs.
   
   Spending time with this book has improved my relationship with money and has lead me to create a successful financial plan. This book is for any reader who has concerns about financial stability or is interested in increasing financial wealth.
   
   The Money Keys: Unlocking Peace, Freedom & Real Financial Power



5. "I'm passionate about helping women succeed in network marketing by really tapping in to what they want in life AND by doing the little things every day that build the mindset and momentum for having what they want. But if a woman doesn't have a spiritual foundation around her value and how that connects to money, it can be tough to make a lot of progress. Karen Russo communicates spiritual ideas that can sometimes seem 'out there' in ways that everyone can relate to. She's a master at making the mystical approachable and inspiring. I recommend The Money Keys to every woman who wants to create a more meaningful, satisfying money mindset. When you've got that, you're ready to take off!" ~ Treasure Milinovich, LifeSuccess Consultant

No comments about S Corporation Taxation (2008).

No comments about Social Networks and Marketing (Marketing Science Institute (MSI) Relevant Knowledge Series).

4 comments about Wealth of Experience: Real Investors on What Works and What Doesn't.

1. This book represents truth in advertising, it is exactly what the title and the book jacket claim it to be. The Vanguard Group, the world's second largest mutual fund company, conducted a detailed survey of six hundred of it's clients who had been successful enough investors to amass substantial wealth. From this survey it filtered and organized the information and insights which these investors provided into a comprehensive overview of how investors can maximize the probability of achieving their goals. While some readers may view this book as overly simple, it is in no way simplistic and in effect reinforces the importance of attributes of investment success that are often overlooked because of their apparent obviousness. It is an evcellent complement to the previous books published by Vanguard which were written by the current Chairman John Brennan and the previous chairman and often quoted champion of indexing, Jack Bogle.

   In the interest of full disclosure and for the perspective of the readers of this review, I am an investment consultant and retired co-managing partner of an investment firm concentrating on the equity markets. Investing was my hobby early in life and I was fortunate enough after I changed careers to be successful doing something which I loved. I am also a long time Vanguard client utilizing their expertise in areas where my knowledge is limited, their low cost structure allows me to obtain excellent asset diversification in such areas as municipal bonds and Ginnie Mae securities. Finally, I am preparing to author a book on investments which I hope will appeal to I was interested in whether the lessons which the Vanguard respondents emphasized coincided with my beliefs.

   This book is organized thematically, beginning with the importance of saving and developing investment goals and a plan to meet those goals. It then proceeds to a discussion of the importance of diversifcation, how to select your investments and how (and how often) to measure your progress and when it may be necessary to alter your course. It also discusses at length in a fair and balanced way the importance of low costs (a Vanguard advantage) and how to think about taxes. It briefly presents some thoughts on estate planning, not just for your heirs but as a broader legacy for future generations. And it concludes by summarizing "The Eight Commandments" for investment success and providing a useful glossary of the investment terms referenced in the book.

   The structure and logical progression of the book make it exceedingly easy to read. Each chapter contains a discussion of the subject matter, often with explanatory charts or tables. There are usually quite extensive and interesting quotes from the participants in the survey, and then a concise summary provided by one of Vanguard's investment professionals. As a self taught individual investor, I was not surprised that I agreed with a lot of the advice (which in some cases goes against sophisticated Wall Street wisdom) and had shared a lot of the experiences included in the book. It emphasizes the basics heavily, especially the need to be patient and let the long term trend of the market and the power of compounding be your friend. And while such elements of investing as the necessity for diversifcation and the need to balance risk and reward seem obvious, they were lessons that even such successful investors as these often had to relearn after the extended bull market of the 1990's.

   There are three aspects of this book about which I want to caution readers. First, as I have already mentioned, don't mistake it's simplicity for lack of acumen. However, it may be too elementary for those individuals with a lot of investment experience. E.g., it contains no specifics about choosing individual investments. Second, it attempts to help new investors learn from the mistakes of others, but does recognize that some of our most meaningful lessons inevitably come from our own mistakes. Thus, given the advanced average age of these investors, the lessons of this book may be difficult for young readers to internalize. Third and by far most important, while this is very useful advice, it doesn't reflect the full spectrum of methods and alternatives available to in order to become a successful individual investor. (As I and many others have done.) It stresses the factors which are important to Vanguard clients: low costs, index funds, broad asset class diversification and the usage of mutual funds as a core investment vehicle. These are all very valuable messages, but as the book specifically acknowledges they are just part of a broad range of alternatives that allow an individual investment success. Thus, the most important lesson of this book is clearly the importance of an investor's self evaluation: one's abilities, temperament, time priorities, risk tolerance, self confidence and ability and interest in continual self education. For me, investing is about continual learning, there is always some new and potentially profitable product, service or retailing technique; in addition, everything in the political economy impacts the markets. For others, such topics may be a collossal waste of time best left to the professionals. Reading this book should help you decide where you fit into that spectrum.




2. Highly recommend this book to those who is just starting with investments and savings. I loved this book because of its easy to read and understand format for non-professional long term investors (most of us).
   
   While I do not think I found totally new way of investing (which I did not need), the book reiterated and formalized my prior experiences and thoughts and put them into SIMPLE strategies to achieve several types of investment goals (I happen to agree with most of those).
   
   If your investment skills are up to 5 out of 10, you will likely benefit from reading this book.



3. I was pretty impressed with this book. I give it an A+.
   
   As hard and complicated as Wall Street tries to make investing..... to make you think you need a broker or active mutual fund manager, the steps for successful investing are very basic. This book does hit all the basic steps correctly.
   
   #1 is to live below your means so you can save at least 10% of your gross each year and invest it. This sounds easy, but it apparently is not since the average U.S. household credit card debt is now around $8,000 saving rates are below 1%, and average household net worth is below $100K. This book emphasizes savings and sums it up very simply by saying "If you don't save, you can't invest".
   
   #2 is to use automatic investment so you pay yourself first. If you set up an automatic way of investing, then you can't spend money you don't see. After all, the U.S. government adopted automatic payroll deduction to pay income taxes right after WWII because it was concerned people would not save to pay their tax bill. The government using automatic payroll deduction to assure they always get their share of your money, so why not use this method to keep some of your money for yourself? If you use automatic investment, you get the advantages of dollar cost averaging as well. Many of the wealthy investors surveyed for this book recommended various forms of automatic savings including "Pay yourself first" and automatic payroll deduction.
   
   #3 is to invest your savings in stocks and use low cost index funds for your investments. This book explains and recommends low cost index funds.
   
   #4 is to focus on asset allocation, not which stocks or mutual funds to pick. This book does an excellent job of explaining asset allocation.
   
   What I found most valuable about this book was the book's data came from surveys of real investors. I am always skeptical of national surveys about money. I do put a lot of faith into the survey results used in this book and the comments which came directly from investors.
   
   I particularly enjoyed seeing the real asset allocation of investors. The book gives the actual asset allocation of the people surveyed including by age group and by amount of net worth. What was interesting to me was that most of these older and wealthy investors did not stray too far from the age-old 60:40 stock to bond allocation used forever by large pension funds.
   
   All-in-all, a great book for learning from real investors and their experiences. I would suggest companion books to supplement this book including The Richest Man in Babylon, Bogle on Mutual Funds, The Millionaire Next Door, The 4 Pillars of Investing, A Random Walk Down Wall Street, Index Mutual Funds: How to Simplify Your Life and Beat the Pros, and the Coffeehouse Investor.



4. I read through the book quickly highlighting sections for my 30-ish children to read when I pass it to them in the next few weeks.
   
   One must keep in mind that there is a bias towards index investing.

4 comments about When You Have to File for Bankruptcy: Step-by-step Instructions to Take Control of Your Financial Future.

1. This book changed my whole perception about the concept of "Bankruptcy." Honestly, before I read it I had a very unflattering opinion and negative bias against individuals and organizations that filed for bankruptcies. But after reading this book I realized I was wrong.
   
   The author of When You Have to File for Bankruptcy does a wonderful job of explaining that bankruptcy is not a dirty word, and that the vast majority of the filings are actually precipitated by catastrophic health issues, job loss, divorce and unforeseen events. Generally speaking, it's not individuals living recklessly beyond their means that account for the majority of filings, it's actually individuals seeking a second chance on the other side of circumstances beyond their control.
   
   Matt Pelc's accessibly-written book was not only informative and interesting but it was also extremely current. For instance, he provides a chart regarding annual bankruptcy filings that includes data for 2007, while a completely different chart on unemployment numbers contains statistics from January 2008. Usually writers dig up dusty factoids and dated data to reinforce their points - but not Pelc.
   
   In the book, Pelc does a superb job listing recent changes to federal bankruptcy laws and how those changes have translated into real-world applications since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. While his discussion about foreclosures and liens reads like today's newspaper, addressing the current mortgage crisis with stats and facts as recent as March 2008.
   
   Beyond those specifics, Pelc masterfully explains the general types of bankruptcies (e.g. Chapter 7, 13, 11 and 12) as well as defining the critical "means test" that is necessary to determine whether or not you are even eligible to file. I really appreciated his overview of what to look for in an attorney to help you through the process, what questions to ask a lawyer and estimates on how much the entire legal process could cost.
   
   But he doesn't stop there.
   
   Pelc goes further to even include a section about Debtor's Anonymous (p. 222) to help individuals who do get a second chance through bankruptcy to take positive steps toward a debt-free future.
   
   If you are even considering the remote possibility of filing for bankruptcy, do not take another step down that path without reading this book first. I believe that it can help any individual avoid potential frustration, pitfalls and problems that are inherent within the bankruptcy process, while making the best of a suboptimal financial situation.



2. Deciding whether you should file for bankruptcy is a very serious matter, particularly when you stop to consider that a successful bankruptcy can take months or even years, and that the filing can remain on your credit report for another decade. The decision is one that should involve tremendous thought and research.
   
   This book is an invaluable tool because it offers great insight into what to expect before, during and after filing. Readers are also given other possible solutions and suggestions to try before filing.
   
   In the past several years, bankruptcy laws have changed dramatically. The author looks at those changes and gives you sound advice on how to avoid the pitfalls which could complicate or adversely impact an already problematic situation.
   
   His information and guidance are posed in simple terms to help regular citizens wade through all the legal jargon and court proceedings. He also takes great pains not to judge anyone who has found themselves in the situation and he offers a great deal of hope and encouragement for the future.
   
   The author strongly recommends that legal advice be obtained and backs up his recommendation with expert testimony showing that very few bankruptcy cases are successful without proper counsel.
   
   In addition to describing the basic types of bankruptcy filings, from Chapter 7 to Chapter 13, the book also provides advice about life after a bankruptcy. Topics include everything from creating a realistic budget, to using the experience to become a savvy, informed consumer, and what to do with all the credit card offers you'll receive after a discharge



3. When You Have to File for Bankruptcy is an excellent guide for anyone contemplating backruptcy. It carefully explains the pros and cons of filing bankruptcy in language anyone can understand. The different types of bankruptcy are described as well as what to expect during each stage of the process. Following the book makes it easy to be prepared with your necessary documents ahead of time. Mr. Pelc removes the fear, as well as the stigma, from filing for bankruptcy. The book also helps you repair your credit and create a budget after the bankruptcy is over, putting you back on the road to good financial health.
   
   I rate this book five out of five stars.



4. Rating: 4.7/5.0
   
   "When you have to file for Bankruptcy" is in simple words - a great guide. Matt Pelc has written this book with experienced insight and has superbly covered the bankruptcy process. The bankruptcy process is a long and trying process. The person reading this book for the first time might be overwhelmed by the information and process detailed in the book but Matt Pelc is very good at nudging us to understand the procedure of bankruptcy and guiding the reader to clearly understand the course of action needed.
   
   The book includes many examples to help the reader clearly understand what Matt Pelc is trying to explain. The case studies are a great resource to further comprehend the bankruptcy process. I especially like the part where Matt Pelc discusses how we can ensure we do not land in the same situation a few years later by guiding us as to where to cut expenses and what to watch out for.
   
   The book has some dry spells but the bankruptcy procedure, itself, is a long drawn out process. Matt Pelc, as simply as possible, details the entire bankruptcy, explaining the law, the various forms that need to be filled, the obstacles involved while strongly urging the services of a lawyer.