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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wink who wrote (2614)	12/3/1997 10:21:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78627

Wink: You're my kind of guy/gal. Read these: 1. "Intelligent Investor" 2. "The Tao (not a typo) Jones Averages - A Guide to Whole-Brained Investing" by Bennett W. Goodspeed. 3. "Investment Gurus" by Peter Tanous That's enough to get you started. Mike Burry's thread also mentions a basic book by somebody I think from Columbia. That would work too. Then you can branch into niches: Plenty of Books on Buffett. More and More. Which says something, but I don't know what. Dividend Investing: "The Dividend Rich Investor" by Tiger. Guys who won in '29-34: "48 Years in the Stock Market" (secret book which nobody knows about -g-. Not in print anymore... sorry couldn't resist mentioning though.) Any books by John Train: esp. "The Craft of Investing" Pring's "Investment Psychology Explained" Grey: "A Thousand Miles from Wall Street" - easy read. Like Lynch. Only maybe better. My opinion: If you are starting out. Learn from people what will work for the average investor. Because you are an average investor. Therefore emphasis on what Graham or Train say. Deemphasize anything which average investor would lose at: no options, no day trading, no trading at all -g-. No genius stuff that can't be replicated by others. IMO deemphasize (for now) Buffett and maybe, maybe Lynch too. You will be able to tell more about direction you should take - in reading and investing -after you've read first 3 books. Good investing, Paul Senior

To: Wink who wrote (2614)	12/3/1997 12:06:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78627

Re: books To get started, I'd suggest the following four books: The Intelligent Investor by Graham Common Stocks and Uncommon Profits by Fisher Why Stocks Go Up and Down By Pike Buffettology by Buffett and Clark If you read these books thoroughly and in that order and never touch another book, you'll have all you need to know. Another book you might want to consider is Value Investing Made Easy by Janet Lowe - a quick read. I have a fairly extensive listing of books on my site, with my reviews of them, and links to purchase them at amazon. sealpoint.com My problem is I've read way too much. One book stated, "If you're not a voracious reader, you'll probably never be a great investor." But sometimes I wish I had a more focused knowledge base so that my investment strategy wouldn't get all cluttered up. Re: Security Analysis you can get a lot of the same info in a more accessible format elsewhere, but everyone says that Buffett's favorite version is the 1951 edition. Yes there are differences, and the current version has a lot of non-Graham like stuff in it. Good Investing,Mike