The "What the hell should I read?!" Thread. Books, Blogs, and News - Page 5

Mrmusicrecorder · 10-20-2009, 08:09 PM

"The Little Book of Bull Moves in Bear markets" Peter D. Schiff

"A Bull in China" Jim Rogers

Schwallie · 10-20-2009, 08:29 PM

Read Technical Analysis of the Financial Markets

Great book, good intro into technical analysis and definitely helped me a lot. Tried to start reading Markets in Profile and maybe it was over my head or I just didn't like the guys style, but I quit about 50 pages in.

Almost done with Enhancing Trader Performance, loving this one and a good break from the actual technical stuff. Great great book. I'm taking notes on the books so it is taking me a bit longer.

I can make the notes I made for Technical Analysis available if allowed(I have them on Google Docs), but dunno if I am allowed as there is a lot of quotation and paraphrasing? Also not like the notes are great, I did some parts in my notebook as well

NajdorfDefense · 10-20-2009, 11:30 PM

Quote:

Originally Posted by scottmci

IMO this is a terrible book, I could hardly read it. The Jim Rogers interview was very good otherwise it just seemed like book about a bunch of lucky coin flippers. Perhaps theses "winning" traders didn't want to give away their secret trading strategies but most of what was said sounded eerily similar to what you hear from losing gamblers at the casino or racetrack.

The fault is yours then, not the writer's and not the investment managers. Several of those interviewed had significantly market-beating returns over multiple decades, comparing those with better records over a larger number of trades than WEB to coin-flippers is absurd, since we can mathematically model the odds of beating the market by 3% over 36 years over tens of thousands of transactions.

It is a perennial favorite of those in the money mgmt and HF industry.

Most of their advice sounded like what you hear from winning gamblers in the SB or bj tables. If you understand what they are saying.

The market is not a fair roulette wheel or dice table. Things like emotion, fear, greed, can and do affect the market to a very large degree at certain times.

highroller 420 · 10-21-2009, 02:07 AM

NEED SOME FOREX BOOKS PPL.

YES I ALREADY CLICKED SEARCH

scottmci · 10-21-2009, 04:45 PM

Quote:

Originally Posted by NajdorfDefense

The fault is yours then, not the writer's and not the investment managers. Several of those interviewed had significantly market-beating returns over multiple decades, comparing those with better records over a larger number of trades than WEB to coin-flippers is absurd, since we can mathematically model the odds of beating the market by 3% over 36 years over tens of thousands of transactions.

Depends what initial population of coin flippers is inputted into your model. You don't see a book of interviews with all the bankrupt traders that use exactly the same strategies.

Quote:

It is a perennial favorite of those in the money mgmt and HF industry.

Most of their advice sounded like what you hear from winning gamblers in the SB or bj tables. If you understand what they are saying.

IMO overbetting on soybean futures and hoping to get lucky is not skill.

Quote:

The market is not a fair roulette wheel or dice table. Things like emotion, fear, greed, can and do affect the market to a very large degree at certain times.

I agree, however I would argue this is not exploitable by the strategies used by these traders. For example there is no evidence Elliot waves, as used by Paul Tudor Jones (see 80's documentary), is anything other than seeing patterns where none exist.

ArturiusX · 10-21-2009, 08:10 PM

Can you guys start a new thread about this? I like the argument but I don't really want this thread cluttered up. thanks.

Spurious · 10-23-2009, 10:08 AM

Any recommendations for podcasts, I love Art's, thus I want more!

Schwallie · 10-23-2009, 10:11 AM

Any recommendations for learning about the Yield Curve or Level II quotes?

matt nover · 10-30-2009, 11:04 PM

What are your thoughts on Jim Cramer's books for a beginner? I know most investors aren't big fans of his...

espoismoney · 11-08-2009, 02:48 PM

Hello all,

Even though my attempts at making a substantial income from poker have been less than productive, I frequent these forums all of the time because there is always great information. I have however started my own blog on personal finance, specifically directed towards those of a college age.

The blog is called College Money, and the adress is as follows.

http://collegemillionaires.blogspot.com

Please check it out, and any tips on how to make it better would be great. This is my first attempt at blogging. Also any topics of discussion that you would like to see I will gladly investigate.

Thanks,
-Chris

Mrmusicrecorder · 11-16-2009, 01:06 PM

Quote:

Originally Posted by matt nover

What are your thoughts on Jim Cramer's books for a beginner? I know most investors aren't big fans of his...

Steer clear of the Cramer early on imo.
Read the OP, plenty of good ones to start with.

espoismoney · 11-17-2009, 11:13 PM

My absolute favorite resource has been money.cnn.com
It has a great breadth of info, as well as updated articles daily. My favorite section is
"Millionaires in the Making" where they take a snapshot of people's finances, current invesments, and future plans and goals. This all evaluated, and explained with different suggestions for each personal situation. I would def. check it out.

matt nover · 11-20-2009, 11:25 PM

Just got my first book...The Intelligent Investor. I heard it was ok

DogsBrekky · 11-24-2009, 08:18 PM

Quote:

Originally Posted by Mrmusicrecorder

"The Little Book of Bull Moves in Bear markets" Peter D. Schiff

"A Bull in China" Jim Rogers

Jimmy Rogers is solid and he likes the pusseeeeeeee

Reminiscences of A Stock Operator
How I Made $2 Million in the Stock Market by Nic Darvas is a sweet book
How to Trade Stocks by Jesse Livermore
The Alchemy of Finance - Soros is genius

I apologize for any repertition of other recommendations but it is 8pm and the Cabernet is flowing !

imjosh · 11-25-2009, 05:20 AM

I have no experience whatsoever in stocks and or trading, but have struck an interest in them. Of the books listed in the first post, if I had to pick 3 books to read what three would you recommend? I really am not even sure how the stock market even works, but am good with math and statistics. I've heard there's some good money to be made if you take the time to learn how to do things correctly. I'm absolutely clueless right now and looking to start investing some time in my future, probably when I graduate college in a few years.