Posted on 12/29/2008 2:16:27 PM PST by randita
I'm looking for recommendations for simply written, basic books about investment strategies. I have read some books on economics, like Sowell's Basic Economics. What I'd like to learn is investment terminology and how to read the market and information about other investment tools.
I know there's no magic bullet, but knowledge is the first step to making wise decisions.
Thanks.
I’d consider anything written less than 3 months ago suspect. But then, some of the old truisms are still valid,.. buy low, sell high.
‘How to read the market.’
Many have tried.
I have a ‘brilliant’ sure-fire investment plan that is guaranteed to make anyone a millionaire: Just start with a penny and double it every day for 3 weeks.
Malkiel's "A Random Walk Down Wall Street" is a classic and worth reading.
"Stocks for the Long Run" by Jeremy Siegel is something that describes the equities market well.
Richard Band's "Contrary Investing" is a good book too.
All of these authors share one theme in common: The basis of successful investing is to avoid losing your capital. They all offer good, conservative advice.
Actually, you’d have to double it every day for about 4 weeks. Never mind!
My daughter gave me American Lion, the presidency of Andrew Jackson for Christmas.
Liar’s Poker
Subscribe to Forbes.
Read it all every two weeks. It will grow on you and the acrued info will begin to take effect.
Read especially the columns in the back.
There is plenty there and it will not overwhelm you yith superflous details.
"I tell ya, nothing works out for me. I bought a book called "How to Make it Big" - turns out, it was all about money!"
The Four Pillars of Investing by Bernstein. A Random Walk Down Wall Street by Malkiel.
“buy ammo” in hardback. (can’t remember the author).
I’ll get mine out...It’s under the matress..Wink, wink
Read every day:
After that makes sense to you, take a look at:
(”interactive charting” in yahoo.finance is a good tool; keep a notebook and “paper trade”.)
Nobody, but nobody, ever figures out the markets.
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