[Kiwi]

Agreed it is overrated and it spends a lot of time explaining simple things. Van Tharp also, sadly, implies ideas generated by others are his own rather than giving credit where it is due (such as r-multiples).

He also misses out a lot of information about more advanced money management, I suspect, to encourage people to buy his other material. I might have a shot at writing an article on money management for the Articles section of the site and see if I can do a reasonable job of expanding on the book (this will take a while, even if I am successful).

I would still recommend this book for new traders.