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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: JHP who wrote (91904)8/31/2001 2:22:28 PM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
John, Most of the books I like are old as the hills. Benjamin Graham's "The Intelligent Investor," is a classic, though it seems dated at today's valuations. Adam Smith's "The Money Game" tells how pro managers work and is very funny. His characters are a lot like Bill Cosby's, and they are also real. John Train's "The Money Masters" is great, though I found the second version less so. I also like his "Dance of the Money Bees." Larry McMillan's "Options As a Strategic Investment" is the best thing in that field, even if I do gripe about it constantly. You know me. Always carping about something.

I may have the title slightly wrong on this one, but "The Battle for Investment Survival" by Gerry Loeb is a good read.

For how not to invest, nothing beats the "Mania and Delusions" book, though I can't remember the exact title because it is long and my memory is short. <g> Along the line of what not to do, Alvin Toffler has many books that tell you how to invest the wrong way. The best is "The Only Investment Guide You'll Ever Need," which advised you to put all of your money in savings and loan accounts just prior to the greatest bull market in history and the collapse of the S&Ls. Another of his books, "The Funny Money Game," tells how cos. can fool even themselves with funky accounting, and this was many moons ago. I like the guy, so the fact that he made a few miscues shouldn't mean I think he's a joick. Along the lines of how manias and wrong thinking can take hold, there is a book whose name I won't mention that was very popular during this bull run. You post to many of its diehards. Think Big Monkeys at Play to figure out the name. Really big monkeys. <g>



To: JHP who wrote (91904)9/1/2001 9:45:37 AM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
John, On the off chance that you were asking about books for real newbies and not yourself, there is one called "How The Stock Market Works" put out by the New York Institute of Finance. Pretty dry and basic, but good stuff for an absolute beginner. They have another one called "How The Bond Market Works," but it is less authoritative because the bond market doesn't really work all that well. <g>