José Antonio Madrigal writes from the trenches of Spanish stock market analysis: decades of tracking Ibex and international values distilled into an eminently practical book.
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Analyst and long-time investor José Antonio Madrigal shares the most important lessons from his career: how to select Spanish market stocks, manage emotions during crises, evaluate management quality, and build a long-term portfolio adapted to the Iberian market. Especially valuable for its specific Spanish market perspective.
José Antonio Madrigal writes from the trenches of Spanish stock market analysis: decades of tracking Ibex and international values distilled into an eminently practical book. The book's proposition is not theoretical: Madrigal shares concrete criteria for stock selection, emotional risk management, and the construction of an investment discipline in a market as particular as Spain's, with its sectoral concentration in banking and energy. The text is accessible and direct, written in the first person of someone who has made mistakes and learned from them, which distinguishes it from academic manuals. The main weakness is that some selection criteria are closely tied to the Spanish market context of the early 2000s and 2010s, requiring readers to adapt them to the current context. It is not a book on technical analysis or quantitative management; it is more a compendium of accumulated practical wisdom, with all the virtues and limitations that entails. A useful book for Spanish retail investors beginning to select individual stocks.
For Spanish retail investors beginning to select domestic market stocks; less relevant for those with consolidated experience or who invest primarily in international markets.
FactThe book was published in 2018, when the Ibex 35 was trading well below its all-time high of 15,945 points reached in November 2007.
