The Craft of Investing.(Brief Article)

JOHN'S TRAIN OF THOUGHT

In his foreword to The Craft of Investing (Harper-Collins Publishers, $22), John Train recommends a few other investment books and then remarks: "Bad books on investing make it sound easy." His isn't, and he doesn't. The book is, eminently sensible and a pleasure to read. Train is an investment adviser and the author of several other books, including two excellent ones that focus on the investment approaches of successful money managers.

Part of this book deals with alternative investments, family finances and how to decipher a financial st