Book Reviews: Profit From Uranium and Profit from China
I am going to review the two books; Profit From Uranium and Profit from China. I want to structure my review in three parts, initial, reading it, and digested the information.
Initial: When I first received the books I looked at them and thought, huh that’s it! Fifty pages and about a third are “don’t do this or that.” Let me say that I was a bit disappointed and had some very low expectations. But I guess one should never judge a book by its cover, or page count.
Reading it: Wow, that’s interesting. I myself don’t invest in commodities or China due to certain self imposed restrictions. I read “Profit from Uranium first” and have to say I was impressed by the materials. Granted the materials were written with a bit too much marketing speak (eg “Do this now and become rich”) but the information itself was very good.
When I invest I like to understand how the strings are held together. It is no good investing in a buggy whip company based on superb PE ratios when the future is the automobile. These books provided those tidbits that lets me piece a picture together. It gave me a sense of understanding who the players were in the uranium industry.
The materials were laid out in a fashion where you can easily understand why Uranium or China should be interesting to an investor. I especially liked the comment regarding China on the topic of whether you should invest on the Chinese stock market or a Chinese company listed in the US. The recommendation was to invest on Chinese companies listed in the US. I feel that the comment is one of those little insider things you should know about. BTW for those wondering why not invest in the Chinese market, or for the record or many Asian markets it is because many consider the Chinese or some Asian stock markets like a casino.
Digested the information: I don’t like to post reviews to books or comment on topics until I had a think on the materials. I find all too often I will write or say things in a knee jerk fashion. So I wait and mull the information over and make a personal judgement.
Here is what I did not like about the books; I did not like the voice in either of the books. It was a bit too Cramerish for me. When Cramer does his thing where the camera zooms in and out while he is talking my mind explodes. Usually at that point I stop looking at the TV and just listen to his words. I felt a bit of that while reading the books. I had to ignore the “Cramer” speak and focus on the information.
I did like the fact that even if you are a complete newbie they have some tips on what you should do and not do when investing. It goes beyond the basic disclaimer, “You can loose money investing…” Their disclaimers were more like “Hey here is a disclaimer on what you should not do because otherwise you will loose money.” That was a nice touch.
I did like the information in the book. I learned about topics being presented. I did not have that feeling, “ugh I just bought a book and learned nothing.”
The books are good if you plan on investing in the topics talked about. Or as in my case I was interested in the materials for informational purposes. Even though the books are about 50 pages long they have something interesting to say. For the savy Uranium or China investor these books might give some new insight, but I don’t know since I am a newbie in those fields. Overall I do give these two books two thumbs up.
PS: One more thing, would I become “rich” based on the information given in the book? I will let you know in six months!










Here is another interesting article about uranium:
Whiskey and Gunpowder - Uranium
Christian, I just got the books too. (It took me like 2 weeks to get to my PO Box.) I haven’t read much yet, but my first impression was the opposite of yours. I saw the thin little books and thought: “Now here is a book that probably just gets right to the details.” We’ll see what I think once I read them.
Jason: Funny… I guess some see the glass half empty and others half full… Hmm, wait one minute that makes me see the glass half empty… Ok, forget it
Hey Crhistian - well done. I am glad you saw through the marketing hype. I, like you, are sick of people talking about how much money they made in uranium in the last 5 years and somehow thinking the same money is going to be made in the future. It feels like hype - not good investment advice.
Uranium has gone up 10 fold in the last year or two. Over here, we are seeing uranium companies list at a huge rate - most with no mines and questionable management.
Personally, this looks like a huge bubble to me. All the easy money has been made.
The key reason I am a non-believer is as follows: when you do some caclulations on the amount of uranium they need to sell to be at a PE of 10, you soon realise that most of these stocks are
a) overvalued; and
b) never going to produce that much uranium, and if they do, only for a very short mine life.
That ignores the costs of startup, the govenrment permits, the costs of refining and the huge mine costs currently.
Two things you don’t hear these people talk about: environmental protests and resistance to nuclear reactors, and the fact that uranium is a source of energy that is not consumed at a large rate. It isn’t like gas that you burn a huge amount of every second. Nobody seems to talk about the glut in uranium that will occur once these new power plants have their starter uranium.
I know many people of low skill levels earning close to six figure salaries working on the gold and nickel mines - many young guys work on a fly in fly out basis to get what I consider crazy amounts of money.
It is very difficult for these small companies to produce enough to cover the costs of workers - and I am certain uranium is no different.
China is a long term story I believe in, but right now I believe it is overvalued. Any market that doubles in 6 months has some froth in it. Personally, I am torn right now whether to sell out or to wait for a pull back to buy more. I am leaning towards waiting and just paying down debt for the coming year.
Phil
Phil: Thanks for your comments. Nice… Again since I am a newbie in Uranium and China it’s nice to hear more voices. Especially those that provide another perspective.
Now regarding this year… Like yourself outside of my bonds I am staying on the sidelines. Right now we are looking for a piece of property (vacant lot that is). We are looking for the perfect piece of property….
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