Summary and review ofHow to Invest in the Stock Market

Reviewed by Diario de un Inversor · UpdatedJune 28, 2026

Our review

«Cómo invertir en bolsa» (How to Invest in the Stock Market) is the first book by Paco Lodeiro, an economist and the founder of Academia de Inversión (2012), one of the best-known value-investing schools in Spain, and co-host of the Value Investing FM podcast. It distils his sensible, long-term approach into a path that runs from concepts to practice: how the market really works, why many individual investors sabotage themselves, how to analyse and find investment ideas with judgement, and how to build and keep a portfolio aligned with your own goals and risk tolerance. Unlike more technical manuals, Lodeiro prioritises clarity and investor behaviour over formulas, with direct language aimed at readers starting from a limited base. It is not a system of tricks and it promises no results: it is an orderly introduction to the value philosophy and to the discipline that long-term investing demands. It works especially well as a bridge between money-mindset books and the denser value-investing classics.

Key takeaways

• Distils the value philosophy and long-term investing for the individual Spanish investor.
• Spends as much time on investor behaviour and biases as on analysis.
• Works as a bridge between mindset books and the technical value-investing classics.
• Prioritises clarity over formulas: written for readers with little prior background.

Fact

Published in 2026 by Tenos (272 pages); it is the first book by Paco Lodeiro, founder of Academia de Inversión.