Books on investing

[infinii]

Hi All,

I was wondering if someone would recommend a good book to read in order to learn more about investing.

I came up with these two. Which of these two would you recommend I start with?

Benjamin Graham's The Intelligent Investor
Buffett & Clark's The New Buffettology

I just finished reading Rich Dad, Poor Dad and it's really sparked my interest in this stuff.

thx

 

[justin22g]

the thing that has really helped me is getting with someone that knows what they are doing.

One of the guys I play golf with is a retirement specialist at wachovia and he really knows his stuff. He has been really leading me towards the mutual fund side of things, and although it is boring... my $ has been growing.

and I've had an interest in penny stocks and he struck that down pretty quick.. heres his analogy.... get a monkey and put all the penny stocks on a dart board... have the monkey throw a dart and whichever stock it lands on buy it.

 

[infinii]

Justin,

I would love to have such a friend who's mind I can pick but I simply don't have such a person. Of my friends, the ones who work in the finance field either have an agenda (financial planners who want your business) or one guy who is a top guy at Deutchebank NYC doing stuff way beyond my comprehension or reach and he doesn't give out investment advice (in fact he is a very conservative investor himself, guess he doesn't feel the need to when he's pulling in 7figure bonuses).

 

[selkirk]

Infinii Benjamin Graham's The Intelligent Investor
is a good book to start with, have read it years ago.

would get the revised edition with notes Jason Zweig most reviews have been positive on this editon.

have read Market Wizards and How I made 2,000,000 in the market, was suggested many times

finally it is a good idea to read a few books and articles, and remember that many views can be biased.

read and keep an open mind.
note :will do a review of market wizards, however after 3 months, will finally finish the book.

the next book will read How I made 2 million in the stock market.

thanks
selkirk

 

[DOGS THAT BARK]

Don't read a lot of investment books but have archives of bits and pieces from diff articles and authors.

Kirk I think you will find this amusing--I currently have in my hands printout of post you had back in days of I-G prior to inception of Madjacks--

does---
"Excerpts from remininscience of a stockbroker" and "Rules and thoughts on trading in Stocks"
byJessie Livermore
--ring a bell

Some great one liners in it.

+++++++++++++++++++++++++++


justin--I agree on the penny stocks especially U.S. penny stocks--however not all pennystocks are the same ie- the OTC and pinksheets from foreign stocks--many are old companies with low PE's and many pay divs--in addition some larger companies from china opt to skirt the BS (and transparency) of getting on big boards and several pink sheets from there over $100 a share.

 

[selkirk]

Remininscience of a Stockbroker and Rules and thoughts on trading in Stocks, are great books DTB, and I often refer to the books, or rules. this year I only broke the rules twice, well maybe three times.

In Market Wizards when asked about books the traders always (except on one occasion) mention Remininscience of a Stockbroker.

One trader liked the book but added it may be dated (this book Market Wizards is almost 20 years old, so everythnig can quickly be "dated").

I believe that in general the rules that applied 100 years ago (which the book describes) are the same as today.

that is another book that can be added to the list though. I try to read it every year or two.

thanks
selkirk

 

[infinii]

Thanks guys.

As to being dated, wouldn't Graham's book be considered very dated also? Dated or not, I'll start with the BG book and look into Reminiscence afterwards.