The "What the hell should I read?!" Thread. Books, Blogs, and News - Page 9

dirty banana2007 · 04-01-2010, 06:01 PM

Quote:

Originally Posted by wil318466

This may sound stupid, and I don't consider myself a stupid guy, but I have no idea what that means. Explain?

I think he is agreeing to what you were saying to YoungEcon.

YoungEcon · 04-01-2010, 06:36 PM

Quote:

Originally Posted by ArturiusX

Wil: appeal to authority fallacy is never greater in anything than trading. simple.

Quote:

Originally Posted by wil318466

This may sound stupid, and I don't consider myself a stupid guy, but I have no idea what that means. Explain?

Quote:

Originally Posted by dirty banana2007

I think he is agreeing to what you were saying to YoungEcon.

I'm confused too. What are we talking about now?

wil318466 · 04-01-2010, 07:03 PM

Quote:

Originally Posted by dirty banana2007

I think he is agreeing to what you were saying to YoungEcon.

Ok. thanks. heh.

-Wil

pennychaser · 04-02-2010, 04:07 PM

has anyone encountered the book Maximum Adverse Excursion by John Sweeney yet?

http://www.amazon.com/Maximum-Advers...6179632&sr=8-1

if so let me know whats your opinion about it and if its worth buying, furthermore I`d like to know if the concept of MAE is actually a useful tool in trading or just a dispensable statistical measurement.

NajdorfDefense · 04-07-2010, 10:31 PM

Dark Side of Valuation by Aswath is the nuts.

**ahnuld** · 04-13-2010, 07:29 PM

Quote:

Originally Posted by dirty banana2007

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

J_HasTheNuts · 04-14-2010, 08:05 PM

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?

**ahnuld** · 04-14-2010, 10:04 PM

Quote:

Originally Posted by J_HasTheNuts

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.

Xylem · 04-18-2010, 12:01 PM

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

dirty banana2007 · 04-30-2010, 09:21 AM

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.

nintendere · 05-05-2010, 08:13 AM

What would you consider the best age to start dealing with Buisness and Investing?

YoungEcon · 05-10-2010, 04:55 PM

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?

Schwallie · 05-10-2010, 04:58 PM

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

nbaaddict · 05-11-2010, 04:14 PM

i have the book "a random walk down wall street". should i read it or is the EMH total bs?

ArturiusX · 05-12-2010, 05:31 PM

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.