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The Penny Capitalist, by James J. Hester
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Are you the sort of person who runs out of money on the 25th of every month, has no savings account, and wonders how you’ll ever find the money to get your daughter’s teeth straightened? Then meet James Hester.
He and his wife had $70 and a four-year-old Studebaker when they were married in 1955. By 1968 they had a better car, more than their fair share of personal belongings, and $14,000. Then their net worth increased to $300,000. The increase was more than his total salary. They did this while raising three sons and maintaining a comfortable standard of living.
Amazing? It certainly is. Lucky? Not at all! James Hester followed a plan—and you can use it every bit as effectively as he did.
Originally published in 1979, The Penny Capitalist is now held in 236 libraries worldwide. Copies have been advertised on E-Bay for up to $900.
Why republish a 30-plus-year-old book? Markets fluctuate. Human nature hasn’t changed. The opportunities are still out there. Each generation has to learn it all over again.
Markets go up and markets go down. When they go down, the average investor panics and sells out at the bottom. When they go up, the average investor waits to see if the rally is real. By the time they decide to buy, the market is topping out. The savvy investor does just the opposite. As Warren Buffett has said, “When people get fearful, I get greedy. When people get greedy, I get fearful.”
About The Author:
James Hester (aka Algernon Horatio) has been a full professor and research scientist at a large mid-western state university. He is the author of a textbook and numerous scientific articles and monographs. He has served in research and administrative capacities with several federal and state agencies and a state museum. His career as a Penny Capitalist did not result from any grand design but from the imaginative pursuit of offbeat opportunities, or, as he puts it, “the only alternatives open to me.”
- Sales Rank: #578177 in eBooks
- Published on: 2013-09-08
- Released on: 2013-09-08
- Format: Kindle eBook
Most helpful customer reviews
4 of 4 people found the following review helpful.
Fantastic Book!!! And great seller!
By Diva
This book was amazing, very pragmatic and such an easy read.
My financial outlook changed more and more as I read the book, and now I'm excited about the possibilities of creating wealth. This is quite a miracle since money has always been a topic of stress and worry in my life, but this book gives easy-to-apply ideas, tools and concepts. I highly recommend this to anyone looking to turn their mindset from one of poverty to abundance!
Oh, and thanks for such speedy delivery!
1 of 1 people found the following review helpful.
Amazing & Complete! Mary Guariglia
By Mary Guariglia
This is very complete and amazing especially for the beginner here. Investing is a complex arena for me. This book is made very clear and simple. I am so happy to have heard about it from Gary Douglas and got my copy to read. It will be a practical handbook for me during these interesting times.
-Mary Guariglia
4 of 4 people found the following review helpful.
A Totally Different Perspective on Creating Wealth
By GV
This book truly offers a different perspective on creating wealth, and is no way predicated on having wealth to create wealth. One can start to change their financial situation no matter what. This book helped to dissipate all the places I had made creating wealth difficult, or unattainable and I can't recommend it enough!
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