The Stock Selector System – Michael Sheimo

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Exploring the Essential Features of “The Stock Selector System – Michael Sheimo”

A comprehensive discussion of the relative risks and rewards of diversifying investment styles. The author presents the Stock Selector which outlines his own method for classifying types of companies in order to find the best stocks. Explains how to customize investment strategies to meet individual requirements. A special section describes how to adjust stock portfolios to keep pace with changing needs and overall market conditions.

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A comprehensive discussion of the relative risks and rewards of diversifying investment styles. The author presents the Stock Selector which outlines his own method for classifying types of companies in order to find the best stocks. Explains how to customize investment strategies to meet individual requirements. A special section describes how to adjust stock portfolios to keep pace with changing needs and overall market conditions.

About the author

Michael D. Sheimo
When I was elementary school age, living in Lake Mills, Iowa, I remember hearing grandmother, Eda Nash tell of her two famous cousins. One was a man who had written a play for Broadway in New York. The other was a man living in California who had written several books. I knew what New York was and what a play was but had no idea what Broadway was about. The man was Thomas Heggen author of the Tony Award winning play “Mr. Roberts,” produced by Josh Logan. The other cousin was a man born in Lake Mills, Iowa, Pulitzer Prize Winner, Wallace Stegner. He was an author of several books and also taught writing at Stanford University. That puts me way down the genetic shirt tail, down by the socks. But a sort of lineage just the same.

That lineage made me curious, although it wasn’t until high school and college that I did much acting or writing. I attended college at Winona State College in Winona, Minnesota as an English major with a speech minor. English majors are required to do a lot of reading and writing. All the theatre work was extra-curricular at that time. Starting my second year at college I was always in a play and came back a year after graduating as a graduate asst. (teaching beginning public speaking) to do more acting. I also taught English at the Winona Junior High School. I was still teaching there when in the summer of 1970, I decided to go to Fairbanks, Alaska to visit friends. More about that later.

After Winona, I came to Minneapolis where I did some work for Bloomington Civic Theatre. Also played a supporting lead as Lieutenant Seymore in “Billy Budd” at The Cricket Theatre. Ended my theatrical career with an improve group in Minneapolis, Minnesota called “The Dudley Riggs Brave New Workshop.”

In September of 1976, I left theatre aspirations and got married to the wonderful Linda. We moved to Cupertino, CA where I eventually went to work as a sales rep for a pharmaceutical company. After a successful three years in sales I was promoted to District Manager and we were moved back to the Minneapolis area.

After too much travel as a manager, I left the company and became a stockbroker originally for Merrill Lynch (now Bank of America), then on to Olde Financial Corp. (now Ameriprise, Inc.) In 1987, after a severe stock market correction, I decided to write a book about stock investing.

I sent out 25 query letters describing my book idea and offering sample chapters to those who might be interested. I got back 19 rejections and one phone call. J. Michael Jeffers one of the head publishers and editors of Probus Publishing of Chicago called and was interested in having me write a book.

“Dow Theory Redux: The Classic Investment Theory Revised and Updated for the 1990’s”.

The book was written on a typewriter. It was a good typewriter, but still a typewriter. I wrote sections of five pages, so I only had to retype five pages if a made an error or changed my mind.

But I did it and the book received a nice review from Stanley Angrist of The Wall Street Journal.

“If you trade stocks and don’t know anything about the Dow Theory, you should learn its fundamentals. It would be hard to find an easier way to do so than Michael Sheimo’s book.”

-Stanley Angrist, The Wall Street Journal

Next came “Stock Market Rules.” The McGraw-Hill fourth edition is still selling after ten years.

In between all that came my tour de force “The International Encyclopedia of the Stock Market” Published by Fitzroy-Dearborn of Chicago. It’s a two-volume set that took just over 24 months to assemble. I was primarily the research editor gathering information from around the world (wore out a fax machine in the process), and Andreas Loizou of London, did an incredible job of making the book work. This was a time of computer infancy so most had to be done hard copy and floppy disk.

The two-volume set won “Editor’s Choice Award” from the American Library Association. It also received some good reviews, such as:

Booklist:

“IESM is geared to investment advisors, professional and private investors, and to researchers and libraries that serve them. Intelligibly written, it manages to explain complicated ideas in straightforward language. Because of its currency and global treatment of the stock market, it is a unique source and is recommended for medium to large public and academic libraries and all specialized business libraries.”

And Library Journal

“Finally, the hefty price tag could dissuade many smaller libraries from acquiring this book, which would be a shame. Despite its faults, it has rich and varied content, helpful appendixes, and a thorough bibliography. Highly recommended for larger libraries with business collections.” Richard S. Drezen, Washington Post News Research Ctr., Washington, DC

Copyright 1999 Reed Business Information, Inc.”

I had a collection of notes, magazines, and a few photographs from my 1970, journey on the Alaska-Canadian Highway (Alcan). Also, the memory of my good friend’s wedding and the five-dollar wager. Memories of scary things that I heard happened on the Alcan, as well as real things that happened to me, made me think there could be a good story about travel and about people.

The strange but interesting people I met the first night of camping out. I still remember sitting in the living room of the nice people who offered me a place to stay and clean up at the end of the gravel part of the road, and the generous bike shop owner in Calgary who stayed open late to fix my disabled bike. I’ll never forget the kind farmer who gave me some gas to make it to the next town in North Dakota. Of course the great wedding on the St. Croix River was just a good time and another story.

Writing is more in the jeans than in the genes. Especially when the seat of the jeans are applied to the seat of one’s chair. So I sat down and wrote:

“Wager to Destiny.”

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