|
Post by t0xicn1nja on Oct 12, 2015 3:48:43 GMT
Tell us what you're currently reading, and if you want, any books you've read in the close past or books you plan on reading in the near future. I'm currently reading "Why We Want You To Be Rich" by Donald Trump and Robert Kiyosaki, and I picked it up because it caught my eye in Chapters, and it was like $10. So far it's really good, gives a lot of detailed information about the US housing crisis and where they see the future of the US. It also details a few tax loop holes for the US, and real estate investing. Currently about halfway through it, so I'll edit this when I'm finished it (next week or so). Amazon link: amzn.to/1K3mALoI also bought the book "The Magic of Thinking BIG" by David Shwartz, and that's my next book that I'll be reading. Amazon link: amzn.to/1N7S9ZeWhat are you reading anons?
|
|
|
Post by flobberchops on Oct 12, 2015 19:02:21 GMT
"A Random Walk Down Wall Street", on 4chan /biz/s recommendation. Just over a third through so far.
It's good. The book has a few central themes that the author keeps returning to to illustrate (some might say flog to death) but it's just the right mix of informative and entertaining. It could maybe do with a glossary as the author assumes a basic understanding of investment terminology. The Key lesson seems to be "buy and hold" and to be honest that was going to be my primary strategy anyway, but it's nice to be reassured that it's the correct strategy.
Perhaps I'll come back and flesh this post out in a week or two when I've finished it.
|
|
|
Post by agora on Oct 12, 2015 23:54:29 GMT
"A Random Walk Down Wall Street", on 4chan /biz/s recommendation. Just over a third through so far. It's good. The book has a few central themes that the author keeps returning to to illustrate (some might say flog to death) but it's just the right mix of informative and entertaining. It could maybe do with a glossary as the author assumes a basic understanding of investment terminology. The Key lesson seems to be "buy and hold" and to be honest that was going to be my primary strategy anyway, but it's nice to be reassured that it's the correct strategy. Perhaps I'll come back and flesh this post out in a week or two when I've finished it. Ah I just finished that book, it's a good read. I thought his chapter about technical analysis being basically useless was pretty funny. Which ironic because im currently reading "Technical Analysis Plain and Simple" by Michael N. Kanh.
|
|
ricky
New Member
Posts: 36
|
Post by ricky on Oct 13, 2015 4:49:34 GMT
A friend gave me this book called, "The Magic Of Thinking Big" (by David J. Schwartz). It looks like a lot of feel good gushy gushy you can achieve everything you set your mind to book, can anyone confirm or deny? Thanks. Any John Grisham fans in here? I personally love his literature the most out of all still alive authors.
Just scrolled up and saw that your also reading the above mentioned book Toxic, let me know what you think of it.
|
|
|
Post by flobberchops on Oct 13, 2015 6:47:44 GMT
Ah I just finished that book, it's a good read. I thought his chapter about technical analysis being basically useless was pretty funny. Which ironic because im currently reading "Technical Analysis Plain and Simple" by Michael N. Kanh. Heh, always good to get opposing viewpoints. Does it make a good argument for TA? The psychology aspect of it I can kind of get behind, but counting dips or trying to find periodization seems like a mug's game.
|
|
|
Post by agora on Oct 13, 2015 7:06:41 GMT
Ah I just finished that book, it's a good read. I thought his chapter about technical analysis being basically useless was pretty funny. Which ironic because im currently reading "Technical Analysis Plain and Simple" by Michael N. Kanh. Heh, always good to get opposing viewpoints. Does it make a good argument for TA? The psychology aspect of it I can kind of get behind, but counting dips or trying to find periodization seems like a mug's game. Yeah im on chapter 8 right now it has a pretty good bearing on psychology. The auther says that its good to have fundamentals too because its not a book that specifically decribes every aspect of technical analysis but and a tool to use
|
|
|
Post by topmemes on Oct 14, 2015 15:35:05 GMT
The critique of pure reason by Immanuel Kant. Not /biz/ related, but its still pretty good.
|
|
|
Post by crustycheese on Oct 16, 2015 9:10:19 GMT
Currently, I am reading The Road to Serfdom by F.A. Hayek. I have also been flipping through some older economics books due to a class for University. I'm always on the lookout for honestly good finance or investing books. Every one I've ever read can be boiled down into don't spend more than you save and other obvious facts.
|
|
shark
New Member
Posts: 12
|
Post by shark on Oct 21, 2015 6:57:26 GMT
"A Random Walk Down Wall Street", on 4chan /biz/s recommendation. Just over a third through so far. It's good. The book has a few central themes that the author keeps returning to to illustrate (some might say flog to death) but it's just the right mix of informative and entertaining. It could maybe do with a glossary as the author assumes a basic understanding of investment terminology. The Key lesson seems to be "buy and hold" and to be honest that was going to be my primary strategy anyway, but it's nice to be reassured that it's the correct strategy. Perhaps I'll come back and flesh this post out in a week or two when I've finished it. I read that book last year. I have a bone to pick with him over Efficient Market Theory. For assets that have a wide following and analyst coverage (most securities) I believe it's true. However, I almost feel as if he's lying to me "for my own good" when he says they're efficient all over and a zero-sum game. If you have patience, you can find actual mispricings all over obscure corners of the market. One section of the book that I did find interesting was on the psychology of buying and selling stocks. He writes that too often, we sell our gains in order to put money "in the win column" and hold losers because we see realizing losses as giving up. After reading, I realized that I was sometimes guilty of this. He goes on to say we should do the opposite. Because only realized gains and losses are a taxable event, we should dump losers and hold winners whenever expedient in order to keep Cap Gains low come April.
|
|