Archive for Books
The Big Short – Inside the Doomsday Machine – You have to see this interview.
Posted by: | CommentsI wanted to share you the interview with Michael Lewis the author of “The Big Short – Inside the Doomsday Machine”, its fascinating. John Stewart the host of the Daily show is hilarious but also has a good grip of current affairs, he also highlights the important aspects of Michael Lewis’ book. This video highlights the exact reason why you should only trust yourself when it comes to your investments. A handful of investors saw what was really happening. A quote from the interview is really compelling, Michal Lewis says;
“they [most of the Wall Street firms including AIG] figured out that there was an awful lot of money to be made from lending money to people who shouldn’t be lent money [sub-prime mortgages]; and when you do that you create lots of risk, the only way you can get that risk out there and get lots of people to take it is to disguise it. So they got really good at disguising the risk, they got so good they disguised it from themselves, they fooled themselves, it’s kinda like if you tell a lie often enough you start to believe it”, “it does not occur to anyone to say this is wrong we have to stop doing this”….”Lehman Brothers was cooking it’s books”
Need I say more. These risky sub prime investments were disguised as Triple A “AAA” rated investments. Unbelievable, but true.
Enjoy the video, skip forward to minute 14 in the video for the interview.
Click on picture to jump to the Daily Show Site.
Winning on Wall Street – Martin Zweig
Posted by: | CommentsTo perfect our trading techniques it is always important to keep absorbing knowledge and broadening our understanding of not only Stocks, but the economic, governmental and political influence on the stock market.
Having read the series of books called “Market Wizrds” by Jack D. Schwager, I remember many of the most successful traders talking about a person called Martin Zweig. They especially reference a book called “Winning on Wall Street”. I read this recently and I must say the book is really impressive. It is not a particularly entertaining and enthralling read but the lessons in the book are remarkable.
He discusses the massive impact Fiscal and Monetary policy have on the Stock Market. Read More→
The Intelligent Investor – Benjamin Graham
Posted by: | CommentsBenjamin Graham “the Father of Value Investing” has strongly influenced the investment style of Warren Buffet, possibly the greatest investor of all time.
Although the book was first wrtten in the 1950’s Warren Buffet writes in the preface
“I thought then that is was by far the best book about investing ever written. I still think it is”
I also believe this is an absolutely critical book to read, and without this knowledge you are opening yourself up to investing without the pre-requisit knowledge.
I strongly recommend the revised edition with the commentary by Jasson Zweig, who adds real value to the book, relating the timeless lesson from Graham to more recent events in the Stock Market, especially the internet bubble in 2000.
If you are interested in the minds of George Soros and his theory of how the techncials effect the fundamentals and vice versa, you can also read this transcript of the speech he gave at MIT.
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George Soros Theory of Reflexivity MIT Speech – The MIT Department of Economics World Economy Laboratory Conference Washington, DC Delivered April 26, 1994. When Rudi Dornbusch invited me to speak at this conference, he gave me a totally free hand in deciding what I wanted to talk …
One Up On Wall Street – Peter Lynch
Posted by: | CommentsDear Liberated Stock Trader,
in this section I will recommend and review what I believe are the essential reading materials you should cover to expand your knowledge.
One Up on Wall Street
Peter Lynch
This is an absolute classic from start to finish. Lynch shows you some of the inner workings of Wall St and details how you have advantages that the Wall Street professionals do not.
Covering from how to review a balance sheet to how to assess if a product’s success will translate into share price success.
Written in a simple easy to follow way, that actually makes reading about the Stock Market entertaining and thought provoking. this book with give you a priceless reality check.
How To Make Money In Stocks – William O’Neil
Posted by: | CommentsHow To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition
Willaim O’Neil, wrote this absolute classic in investment strategy, based on his C-A-N-S-L-I-M method. His well researched, and proven strategy for stock selection should be compulsory reading for anyone investing in the stock market.
Willaim O’Neil is also the founder of Investors Business Daily newspaper one of the very best Stock Market Dailys.
