Books on Investing: Discussions, Reports & Suggestions
- PeteM
- Mark_J
- Kirk
- PeteM
- Kirk
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» PeteM - I read a lot of books about investing. I am starting to dig th
I read a lot of books about investing. I amstarting to dig through BBs recommended book
list. I thought we could start a discussion
about books we have read and whether we found
them to be helpful... Maybe we even read some
of the same books and we could discuss them.
I'll start with:
Extraordinary Popular Delusions and the Madness of Crowds. : This is on BBs recommended list. I give it the library recommendation. That means I found several chapters very interesting, but did not think it was worth reading the whole thing.
The first three chapters are about three embarrasing points in history for investors. The misissippi scheme, the south sea bubble and the tulipmania. These were times when people became so crazy they would sell their house to buy tulip bulbs.
These are a lot of fun to read about, but it probably wouldn't be too fun to live through. But the examples hopefully provide a sense of how crazy crowds of people can be and provides timeless insight into avoiding a similiar fate. ie.. don't take out a home equitly line of credit and buy coke stock...and if something looks too good to be true, it probably is.
Pete McCandlish
-- posted by PeteM
» Mark_J - Yes, I've purchased a few of the books at Amazon.com. So far, I
Yes, I've purchased a few of the books at Amazon.com. So far, I've made it through Investment Gurus by Peter Tanous. I really enjoyed this book, although by the last few chapters, I felt as if I was reading the same story over and over again.This book focuses on successful mutual fund managers. It provides their background and how they became interested in the field. And of course goes into some detail on their investment philosophies.
These gurus all have amazing track records and have produced higher-then-average performances. It didn't teach me "The 10 Steps to Become a Gazillionaire" or anything like that. But it did give me an interesting glimpse into their strong work ethic. (Which, of course, is probably the key ingredient to becoming successful.)
-- posted by Mark_J
» Kirk - This thread reminded me I've had "Den of Thieves" by James B. St
This thread reminded me I've had "Den of Thieves" by James B. Stewart sittin on top of my Monitor for a month as I mean to read it while on the stairmaster. It was a gift. Should I bother or maybe get the "Intel Inside" book instead?Pete, I think the "Tulip Mania" is such a great story to tell when people want to pay $6B for a company that has yet to show a profit.
Kirk Lindstrom
Editor: Personal Finance and Investing
My Home Page
MyFinance Page
-- posted by Kirk
» PeteM - I also just finished Gurus. I have to admit there was some overl
I also just finished Gurus. I have to admit there was some overlap, but as a whole I give this one a Double Plus Good rating, for the great debates between value/growth , index/managed and efficient market/whats really out there.Pete McCandlish
-- posted by PeteM
» Kirk - Anyone read this one? Posted on SI and discussed on Moneyta
Anyone read this one?Posted on SI and discussed on Moneytalk Saturday Feb. 28, 1998...
To: +TOM MICALE (3739 )
From: +J. M. Blackburn
Tuesday, Mar 3 1998 8:31PM EST
Reply # of 3746
Tom: The book is Die Broke by Stephen Pollan and Mark Levine. It is a little radical
and it would take me awhile to get used to some of their ideas but they have definite
merit. I'm glad that I read it.
Kirk Lindstrom
Editor: Personal Finance and Investing
-- posted by Kirk
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