A few more books...
Reminiscences of a Stock Operator by Edwin Lefevre. I felt long overdue in reading this one. Tells the tale of famed trader Jesse Livermore. At heart, it provides great insights into the mentality that is required. Such as follow the trend and don't let the noise and fluctuations distract you. But, the best nugget, it's okay to take a loss, it's just not okay to be wrong.
The Little Book that Beats the Market by Joel Greenblatt. Largely a tip of the hat to Benjamin Graham and value investing. The key is to look for companies that combine high ROAs and high earning yields to generate a margin of safety. And that the market can get it wrong in the short term, but generally figures it out in the end, Not much else to say about it.
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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In his most recent post , Michael Pettis explains the problem of investment misallocations and too much debt, simply yet brilliantly (his po...
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I am reading another book right now by economist Richard Koo, innovator of the balance sheet recession concept. If you remember what his id...