Speziale, Capital Compounders, 2d ed.

Robin R. Speziale, author of Market Masters, is a 31-year-old, self-taught Canadian growth investor. In this second edition of Capital Compounders: How to Beat the Market and Make Money Investing in Growth Stocks he shares the principles that have guided his wealth-building journey.

Although a skilled editor could have improved the book significantly, Capital Compounders offers many insights for the active investor, both budding and experienced. The most daunting chapter sets out the author’s 72 (!) rules for investing in stocks. Yes, 72 because of the rule of 72.

Speziale focuses on small- and mid-cap Canadian stocks, with some micro-caps added to the mix as well, but his investing process is equally applicable to the U.S. market. In fact, in his chapter on how to find ten baggers, he draws on the work of American growth investors Peter Lynch, Philip Fisher, William O’Neil, Joel Greenblatt, and T. Rowe Price, Jr. as well as Canadian managers. In a bonus chapter, his DIY investor friends share their strategies.

In many ways, this is an old-fashioned book. But old-fashioned doesn’t mean out of date. On the contrary, it’s refreshing. And, according to Speziale’s own track record, profitable.