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The two books are written for different stages of investment education. The general structure followed by the books is:
1)Pay off debt
2)Index funds
3)Foolish Four
4)What I describe as "classic" investing, going through all sorts of standard ratios
5)Rule Makers- using different criteria from "classic" along with judgement decisions
6)Rule Breaker, with few numbers but more judgements.

The idea is that, as your experience grows, you can move away from mechanical investing, through number crunching and finally into pure evaluation of the business itself. Many RM and RB stocks would fail the ratio tests- Yahoo's P/E ratio isn't exactly small, but it has made money. Ratio investors would have steered clear while those who understood the company would have been willing to take the risk. The key word is risk. If your judgement is poor, you will lose on RMs and RBs, whilst if you are using the Foolish Four, your judgement has no effect.

Angus

P.S. One request, KASEM5139, drop the capitals- it will be easier for others to read your posts.
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