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Strategies & Market Trends : Value Investing

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From: E_K_S	12/30/2010 8:48:23 PM
	1 Recommendation Read Replies (2) of 78717

From the In Search For The Perfect Investment Blog technologyinvestor.com Best business books of 2010. These are not investing books per se. You will learn several things about investing: 1. Preserving your own capital is your number one goal. 2. Everyone out there is working to jeopardize your capital. 3. Say NO to most stuff pushed by Wall Street investment bankers, especially by Goldman Sachs. They sell it to you, then bet against you. They win. You lose. 4. Do not buy the argument that “it’s as safe as cash, but pays more than a money market.” There are still investors stuck in auction rate preferreds, which all the big banks walked away from — in concert. 5. Booms happen. Booms bust.There will be al,ways be booms and busts. One is already forming, encouraged by the Fed’s low interest rates and quantitative easing. 6. You won’t get a bailout. In fact you don’t even get to write most of your losses off your income. 7. There are no penalties on Wall Street to losing money or failing.You’ll get your bonus and keep your job. It’s insane. Here are the books: + Griftopia by Matt Taibbi. My favorite. + The Big Short by Michael Lewis. My second favorite. + Too Big to Fail by Andrew Ross Sorkin. + 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown by Simon Johnson + Bailout Nation, with New Post-Crisis Update: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy by Barry Ritholtz + This Time is Different by Carmen S. Reinhart and Kenneth S. Rogoff. ================================================================== Wishing everybody on the Value Investing thread a Happy New Year and prosperous 2011. May you find your perfect value investment (yet undiscovered) and ride it to it's full value as others discover your find. EKS

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