Build Wealth with Stocks — by Leo Vian

Invest with a System—Not Guesswork.
 

Written for beginners, experienced investors, and those disappointed by past results, this updated edition of the U.S. and Canadian bestseller Beat the Inefficient Market offers practical, evidence-based methods for investing with greater confidence.
 

Why This Book Stands Out:

• Practical and Accessible

• Innovative Strategies

• Evidence-Based Investing

This book presents 7 stock-investment systems, progressing from simple, rules-based formulas to more advanced and flexible strategies.
 

Systems 1–4
• Simple, rules-based formulas
• No investment judgment required
• Historical returns: 7%–15% annually

Systems 5–7
• More advanced, flexible strategies
• Greater use of judgment
• Historical returns: 17% to over 20% annually

Praise for the First Edition:
"Beat the Inefficient Market: Investing in Stocks” by Leo Vian is a five-star masterpiece that deserves a place in every investor's library. Whether you're a novice looking to start your investment journey or an experienced investor seeking to refine your approach, this book is an indispensable resource. Leo Vian's expertise and passion for investing are evident on every page, making this book a must-read for anyone seeking financial prosperity through the stock market. Prepare to be enlightened, inspired, and equipped with the knowledge to navigate the market with confidence and success." - Harvey Stills, investor
 

Find the system that fits your level—and start building wealth. 

System 1: Index Funds 

System 2: Beating Index Funds with Index Funds 

System 3: Simple Formula 

System 4: Advanced Formula 

System 5: Formula + Nonfinancial Statements Analysis 

System 6: Deep Financial Statements Analysis + Nonfinancial Statements Analysis 

System 7: Technical Analysis + Deep Financial Statements Analysis + Nonfinancial Statements Analysis 

System One: 

The  rule that investors should invest in an index fund over a defined  minimum period and at a defined frequency, unless they can determine the  relative value of the overall stock market. 

System Two: 

A  formula for calculating the investment amount for any given year based  on the relative value of the overall stock market, which cannot be  determined by price alone. 

System Three: 

• A simple investment formula.
• The  principle of using a random algorithm (combined with a minimum number  of stocks), rather than trying to identify the best company to invest in  without sufficient knowledge (addressed in more advanced systems).

System Four: 

• An advanced investment formula.
• A definition of a stable company based on five ratios.
• The finding that reasonably priced, stable companies tend to significantly outperform the stock market.
• The finding that “stable bargain companies” can be further screened to identify even more profitable investments.

System Five: 

Use of the formula combined with “non-financial statement analysis” in a prescribed manner. 

System Six: 

Shortlisting known, meaningful fundamental strategies, clearly  explaining them, and combining them into one methodology with additional  inputs. 

System Seven: 

Like System Six, but with the addition of technical analysis.