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Old 04-13-2010, 07:29 PM   #126
ahnuld
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

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I think he is agreeing to what you were saying to YoungEcon.
dont think it was a comment on young econ:

http://www.nizkor.org/features/falla...authority.html
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Old 04-14-2010, 08:05 PM   #127
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Hey guys,

I am the definition of a newbie when it comes to investing. I've only glanced at the stock-market. I'm not familiar with many of the terms or acronyms I've seen browsing this forum. I do, however, have the desire to learn. So, in hopes of turning me into an investor from the ground up, what books do you guys recommend for a complete beginner?
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Old 04-14-2010, 10:04 PM   #128
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

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Hey guys,

I am the definition of a newbie when it comes to investing. I've only glanced at the stock-market. I'm not familiar with many of the terms or acronyms I've seen browsing this forum. I do, however, have the desire to learn. So, in hopes of turning me into an investor from the ground up, what books do you guys recommend for a complete beginner?
Maybe peter lynch One up on wall street would be a good place to start. I gave that to my bro as his first investing book and he got most of it the first time. for the right investing mentality, after, maybe the intelligent investor. For something a bit less dry maybe the warren buffett way. they are both value investing books though.
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Old 04-18-2010, 12:01 PM   #129
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

This is one of the most enlightening books i have read on human psychology and possibility.

WHile it was written as a tool for being a successful trader its uses go far far beyond that.

The main theme in the book is the quest for objectivity in our perception of the world and the limitless benefits this can bestow upon someone with the patience to act upon it.

The main point in the book that interested me was his belief that negative feelings are ALWAYS ONLY the result of a lack of information.

This lack of information could be caused by perceptual distortion (subjective beliefs) or just general ignorance.

He proposed that because we live in a universe of infinite possibilty and dynamic change it is always possible to feel positive. Negative feelings are simply the space in between where we are operating out of incorrect information.

For the most part i agree, if u KNOW that excersise all day will make you happy u will do it, if you know that taking Heroin will not you wont. If you allow subconsious (often perceptually subjective) beliefs to instead rule you it makes finding the right ways to live a lot harder.

My problem with it however is does everyone (in all the many possible environments) have the ability to just figure our the way to feel positive?

He seems to put a lot of emphasis on the idea of a infinite world of possibility but is this just a conceptual idea with little % significance to us?

Would be good to hear others opinions on this book and if you havent read it READ IT!

http://www.amazon.co.uk/product-revi...By=addFiveStar
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Old 04-30-2010, 09:21 AM   #130
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

I just got back from my hols... I managed to finally get round to reading Fortune's Formula by Poundstone (i really enjoyed it).

Also read Zweig's winning on wall st. from Art's list...i really liked it too. Managed to pick it up cheap second hand on Amazon.

And Jesse Livermore's How to trade stocks. Enjoyable read but felt it was retold three times in the same book by Smitten. I've got the Reminisces of a stock operator (had it for years) but have never got round to reading it...i might finally do so.
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Old 05-05-2010, 08:13 AM   #131
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

What would you consider the best age to start dealing with Buisness and Investing?
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Old 05-10-2010, 04:55 PM   #132
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

This maybe a stupid question, but are there textbooks on trading? And if there's none (or even just a small number), why?

Several months back, I bought an intro finance textbook. The textbook didn't go into trading strategies at all, even though it definitely covered plenty of portfolio management strategies. A few minutes ago, I figured I would see if there were any textbooks on trading, so I looked it up on amazon and found zero.

Is trading something that is not taught and researched in universities, and therefore why there's little or no textbooks on the topic? If so, is this because trading is largely based on stuff that can't be studied in an academic manner?
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Old 05-10-2010, 04:58 PM   #133
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Meh I tend to think its because there are sooo many trading strategies, and each individual company would rather you have a background but teach you their own strategy..but I could definitely be talking out of my ass
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Old 05-11-2010, 04:14 PM   #134
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

i have the book "a random walk down wall street". should i read it or is the EMH total bs?
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Old 05-12-2010, 05:31 PM   #135
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

I think its worth reading, in that you can see a lot of his fallacies but also his good points. Finance is all about the rake, and the costs are high for participation. Your edge has to be sufficiently big enough, and the game is rigged against you, and understanding how they do that is important. also understanding how stacked the odds are against you etc.

Interesting to note that the author doesn't follow his mantra; he trades stock instead of buying a diversified and holding.
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Old 05-12-2010, 07:02 PM   #136
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Since last week i have managed to read the Dhandou investor and the little book that beats the market. Both interesting in their own way (all though the former felt like it was written to fit certain points rather than putting certain points in writing...if that makes sense). (talking about using the kelly criterion, and then he only puts 10% maximum of funds into the stock regardless of how favourable he thinks it is...which after reading fortunes formula doesnt seem to make sense to me unless there is a certain rule preventing him from putting more cash into it).

This week i have started Timothy Vicks book on Buffet and his investing (which i really, really like....probably my favourite book so far on Buffets investing,) and Montiers little book of behavioural investing....i just got to the part about research into how people allow themselves to follow the advice of experts (involves people giving electric shocks ;-) )
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Old 05-13-2010, 02:28 AM   #137
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

anyone have any commodity trading books in general (and energy trading books in particular) they'd recommend? there are like 50 commodity trading books on amazon to choose from, just wondering if anyone would recommend one or two they've read.
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Old 05-13-2010, 01:57 PM   #138
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

can anyone suggest some good books about the right mindset for trading?

i have meditations by marcus aurelius lying around somewhere, but i am looking for something more directly aimed at traders.

thanks.
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Old 05-17-2010, 03:15 PM   #139
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Ok,

Looking for a direction on where to go to have a more robust knowledge of everything I need to know.

I'm a Finance Major(Analyst track). I know a lot about the stock markets, and a little about technical analysis. I don't have the cash to be able to intra-day trade or anything effectively, so haven't focused much on the technical analysis because I'm mainly holding for good periods of time. Obviously need to shore this up to work on entries/exits.

Anyways, I've read some about economic indicators and their behavior on markets. I've read an introductory book on Options and am currently going through a couple more.

Where should I be going next in my journey to learn? I want to be able to enter any kind of industry in the markets with a decent knowledge as soon as I get out of college. Should I be looking to learn more about Forex, Futures? Or something else to help in general?
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Old 05-18-2010, 12:36 PM   #140
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Are you looking to design a trading system of some kind? I think your next step is to work on statistical analysis and how to process data. Get some data and start running some tests. I'd read 'Evidence based technical analysis' and see if that flicks any lightbulbs.
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Old 05-18-2010, 01:21 PM   #141
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

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Are you looking to design a trading system of some kind? I think your next step is to work on statistical analysis and how to process data. Get some data and start running some tests. I'd read 'Evidence based technical analysis' and see if that flicks any lightbulbs.
Well not necessarily.

I have about 6k to invest total. I'm a young guy, and I have 2 future options for jobs. One is continuing with my poker business if things get legalized, but as I am unsure of that, I am sticking with the idea that I would be going into trading of some kind.

So it's nearly impossible for me to start a trading system or start testing out ideas on how to trade more successfully, because I simply don't have the capital to trade like that. I don't care to try out ideas and lose money, because I don't even need that 6k long-term, but with commissions and such I don't even know how to start actively trading. But I can't possibly get access to trading platforms or systems with $100/month types of subscription costs.

So basically my goal is this: Do something to help me get more "ready" for the real world. As in, the world of me going for interviews with real companies. So I guess I'm looking to broaden my knowledge to make myself more marketable for a variety of trading companies that could potentially hire me.
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Old 05-18-2010, 01:47 PM   #142
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

So uh, you don't think showing off some rigorous statistical analysis you performed on your own is marketable to a trading company?
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Old 05-18-2010, 03:37 PM   #143
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

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So uh, you don't think showing off some rigorous statistical analysis you performed on your own is marketable to a trading company?
I was just seeing if that's something that is a smart next step for me.

I didn't know if it was specifically something that would help with a company, but will do so now if you think it's a smart idea.

Thanks a lot

-Chase
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Old 05-18-2010, 03:47 PM   #144
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

I think it would, if you can crunch statistics using a shoestring and producing some interesting results, that's a skill in demand and shows a lot of potential at a personal level. Its also transferable, online marketing for example is all about this stuff, arbitraging sales by better allocating budgets according to statistical patterns.
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Old 05-25-2010, 10:21 AM   #145
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

I'm a complete and utter noob when it comes to investing and the stock marked. I saw "Stock Market Primer" was recommended as the first book to read, but I have to pay for shipping and and expect some delivery time as I live in Norway.

I found these two books though with free shipping and short delivery time. Wondered if anyone here had read them? Are they any good?

Shares Made Simple: A Beginner's Guide to the Stock Market - Rodney Hobson
http://www.play.com/Books/Books/4-/3...e/Product.html

How the Stock Market Works: A Beginner's Guide to Investment - Michael Ivan H. Becket
http://www.play.com/Books/Books/4-/3...&ob=Price&fb=0

Last edited by kubbekaster; 05-25-2010 at 10:22 AM. Reason: typo
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Old 05-25-2010, 04:06 PM   #146
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

I want to learn about breaking into the hotel/casino industry and would like to do some reading in my spare time on the topic. Any suggestions would be greatly appreciated. Thanks in advance.
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Old 05-26-2010, 12:30 AM   #147
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Does anyone here subscribe to Active Trader Magazine? I'm confused as to why they publish seemingly profitable trading strategies each month. I would imagine there's some catch preventing one from plagiarizing the systems but I'm not seeing it. Has anyone backtested these strategies?
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Old 05-26-2010, 06:10 AM   #148
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

another blogger i like

http://www.kanjoh.com

some great videos that explain the financial crisis, investing in different asset classes, retirement planning, etc
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Old 05-26-2010, 06:12 AM   #149
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Art, im really interested in any books on this topic

Quote:
I think it would, if you can crunch statistics using a shoestring and producing some interesting results, that's a skill in demand and shows a lot of potential at a personal level. Its also transferable, online marketing for example is all about this stuff, arbitraging sales by better allocating budgets according to statistical patterns.
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Old 05-26-2010, 11:08 AM   #150
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Re: The "What the hell should I read?!" Thread. Books, Blogs, and News

Ok, give me a day and I'll come up with some ideas.
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