The Zulu Principle

Good book for diversifying knowledge on the topic. I am not sure about the practical applicability of the knowledge provided in the book in Indian Economy. Item delivered in good condition and in time.

Worth Reading

Very good book , written in simple English and easy to understand.

It is an Ok book. Some of the ideas in the book may not have relevance today, in the light of the rigors of Corporate Disclosures and Corporate Governance in the changed environment. The latter professional failure of the author also takes away some sheen of the credentials. However, the idea of Zulu Principle is worth remembering for any Investment practitioner.

The late Jim Slater is a legendary figure in the British financial sector. His skill and knowledge as an investor were undeniable. Nevertheless, I would advise any budding investor to use his book with caution.The concept of "Zulu Principle" is simple investors are provided with limitless opportunities to invest in by the stock market. However, to achieve superior performance it becomes necessary to specialise in a sector or as Warren Buffett terms it as having a "circle of competence".Within the book, Slater provides a very thorough framework to use to make an investment. Unfortunately, most of the framework has been grossly simplified which is fine if you are a seasoned investor and just need a framework as a reminder. On the other hand for a novice investor, it could lead to catastrophic mistakes. Many of the ideas Jim Slater discusses in his book are complicated concepts which have entire books dedicated to them! This highlights the problem with the book, the book itself will not help you become a better investor but it will certainly point you in the right direction by forcing you to think of the things prior to investing.I urge anyone who buys this book not to take Slaters framework at face value but do your own research on the concepts he discusses in his book to help you develop a more robust process of investing.

I have read this book twice now, first back in 2011 and the second more recently. It's still a good book but I do feel it's now a bit dated. The genereal principles are worth a read, you just have to ignore some of the points as they know longer apply (PEPs for example).His main point is really all about the PEG ratio, but the rest is worth reading to understand. He covers 10 key points to focus on when investing and ranks them from mandatory to nice-to-have. It will give you a good grounding in the basics but some areas are a tad light. For value investing read the Benjamin Graham book, and I would suggest buying another book on how to read and interpret company accounts. Still a pleasant read though and worth buying

It is now a little out of date and someone from Mr Slater's team ( as I understand he is now sadly deceased) could do a second edition, however this is otherwise well explained and excellent.

There are much better, more relevant books on investing available. The advice in this book doesn’t really provide any groundbreaking or seemingly useful advice.

Interesting Book Covering author's suggested Criteria for Share Selection.