books on investing

scaramanga

hi
can anyone recomend some good books on investing? thanks

A Random Walk

What sort of investing - beginners, stock markets, property.. etc ?

If a beginner you could do well to buy one of the Irish personal finance type books for the basics.

Malkiel's A Random Walk down Wall Street is a superb intermediate book, but is obviously orientated at a US investor. It will tell you how to invest over your lifetime and avoid fads and charlatans. Anything by Peter Lynch is pretty good too.

Anything by Benjamin Graham is good, but is a harder read and not suitable for beginners.

collied

I've just finished a book called 'The Next big Investment Boom' by A man called Mark Shipman.I've been aware of Shipman for some time now having followed the markets for a long time and his record speaks for itself. He retired at 33 and has managed funds for various clients.He takes no charge from his clients unless he makes money and then he will take a % of the profit he makes them.He was on the Late late a few weeks ago.He advises on investing in Commodities.He has various strategies that he uses to find profitable investments and he shares these strategies readily in his book.He also gives access FREE to his website to follow his investments and see his trades and market positions for yourself.Now that cant be bad.NO ULTERIOR MOTIVE AS FAR AS I CAN SEE, i.e No membership charges for his website and free access to his trades that are active.I tried to buy the book in all the usual stores but it was sold out.Fortunately Amazon came to my rescue.
Check this one out

drdre

collied wrote:

I've just finished a book called 'The Next big Investment Boom' by A man called Mark Shipman.I've been aware of Shipman for some time now having followed the markets for a long time and his record speaks for itself. He retired at 33 and has managed funds for various clients.He takes no charge from his clients unless he makes money and then he will take a % of the profit he makes them.He was on the Late late a few weeks ago.He advises on investing in Commodities.He has various strategies that he uses to find profitable investments and he shares these strategies readily in his book.He also gives access FREE to his website to follow his investments and see his trades and market positions for yourself.Now that cant be bad.NO ULTERIOR MOTIVE AS FAR AS I CAN SEE, i.e No membership charges for his website and free access to his trades that are active.I tried to buy the book in all the usual stores but it was sold out.Fortunately Amazon came to my rescue.
Check this one out

Have you tried his strategies.Do they actually work.His book is on ebay for around 8.50 sterling.What did you pay for your's

Time Magazine

My sister made me pick up that book for her. I got it in Easons on Nassau St for €22.

I second Malkiel's Random Walk.

Also A Mathematician Plays the Market is a novel little story to show the problems of technical analysis (which could be could advice to me).

An interesting article appeared in The Economist (link here but subscription required) on Janurary 28th, 2006 about the "guaranteed mediocrity" of passive investing.

A Random Walk

Ibid wrote:

An interesting article appeared in The Economist (link here but subscription required) on Janurary 28th, 2006 about the "guaranteed mediocrity" of passive investing.

This guaranteed mediocrity is less mediocre than 99.99% of active funds over a 20 year period. The fund industry is the one that doesn't want you to know that, otherwise they would no longer be able to drive Ferraris paid for by the fees you pay them for mediocre performance.

Time Magazine

A Random Walk wrote:

This guaranteed mediocrity is less mediocre than 99.99% of active funds over a 20 year period. The fund industry is the one that doesn't want you to know that, otherwise they would no longer be able to drive Ferraris paid for by the fees you pay them for mediocre performance.

Linkeh? I'm aware you're most certainly exaggerating but have you read any papers/articles backing up the claims? (For referencing purposes).

A Random Walk

Ibid wrote:

Linkeh? I'm aware you're most certainly exaggerating but have you read any papers/articles backing up the claims? (For referencing purposes).

My bad, 99% is 30 years. For 20 years it's about 90-95%, (plus those active funds that remain show a survivorship bias, so the % is in reality higher).

Some random links thanks to google here, here and here (my site feel free to delete if inapprop.).

Or as Mr Buffet puts it

Let me add a few thoughts about your own investments. Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after feesand expenses) delivered by the great majority of investment professionals.

Kinetic^

Picked up Mark Shipman's book today. Anyone read it yet?

drdre

Kenny 5 wrote:

Picked up Mark Shipman's book today. Anyone read it yet?

How many pages is in it? I might buy it if its small as i get bored of books easily

Kinetic^

150 of reading.

drdre

Kenny 5 wrote:

150 of reading.

Sounds good where did you get it and how much did it set you back?

drdre

collied wrote:

I've just finished a book called 'The Next big Investment Boom' by A man called Mark Shipman.

Does anyone has this book for sale or will i just purchase it from ebay.Its 19.45 on ebay inc postage.Is it cheaper elsewhere :cool:

Afuera

drdre wrote:

Its 19.45 on ebay inc postage.Is it cheaper elsewhere :cool:

17.99 on play.com (incl. postage). Although they're temporarily out of stock so I guess it depends on how quickly you want the book.

drdre

Afuera wrote:

17.99 on play.com (incl. postage). Although they're temporarily out of stock so I guess it depends on how quickly you want the book.

Thanks, 1-2 weeks would be alright.Theres a new shipman book coming out in july 2007.

Kinetic^

22.40, ain't cheap, had a voucher for the shop so thats why I got it there.

drdre

Kenny 5 wrote:

22.40, ain't cheap, had a voucher for the shop so thats why I got it there.

I just found it for 17.20 USD just waiting on a reply for how much postage is .Hope its cheap

drdre

Here is information on the new book by shipman
http://www.buy4now.ie/eason/productdetail.aspx?pid=3222663&loc=P&catid=1026.7

drdre

Kenny 5 wrote:

Picked up Mark Shipman's book today. Anyone read it yet?

I just ordered it today.Should have it in a few days.Hope to read it

Kinetic^

drdre wrote:

Hope to read it

Will let ya know what it's like anyway.

justfortherecor

Benjamin Graham's 'The Intelligent Investor' is still relevant today and is a good general guide to the world of investing.

collied

I got it for 15.95 on Amazon.I havent used his strategies because his style of investment is long term and it doesn't suit my investment style BUT I have been researching his methods and testing his strategies and they DO make sense.

PDelux

I havent used his strategies because his style of investment is long term and it doesn't suit my investment style BUT I have been researching his methods and testing his strategies and they DO make sense.

Do you mean his technical analysis methods using moving averages etc.? You could use these in short term trading too I'd imagine.

drdre

collied wrote:

I got it for 15.95 on Amazon.I havent used his strategies because his style of investment is long term and it doesn't suit my investment style BUT I have been researching his methods and testing his strategies and they DO make sense.

I have just started reading the book today. Hope i finish it now

mountainyman

collied wrote:

He retired at 33 and has managed funds for various clients.

He also gives access FREE to his website to follow his investments and see his trades and market positions for yourself.Now that cant be bad.NO ULTERIOR MOTIVE AS FAR AS I CAN SEE

Then he isn't retired. That said Shipman is impressive. Allowing you to shadow his decisions makes him look good; the price will rise based on his actions. He will gain the power to move the market.

I recommend the Financial Times guide to Investing.

MM

benner

Hi there

Just wondering one year on from these posts how are people doing with the Mark Shipman strategy? Have been using it myself, would be great to hear how others are getting on.

Another book I found pretty good was "Trade your way to financial freedom" by Van K Tharp. Bit heavy but gives a good understanding of risk and return.

"The little book that beats the market" by Greenblatt is also a nice easy read.

The Intelligent Investor - Ben Graham, amazing book

pocketdooz

Damadoran on Valuation

Fortune's Formula

Rich Dad Poor Dad

A Random Walk down Wall Street

The Intelligent Investor

The Warren Buffett Way

. . .

All very good - easy reading

Some other books are available but are more technical - depends on your level

Idu

Market Wizards by Jack D. Schwager

Q&A with some of the world's greatest investors and traders. Not as technical as other books but does offer great insight into the charachteristics of successful investors

The Way of the Turtle by Curtis Faith. Brilliant book on a system that can make a successful trader out of anyone

bosra

if you are looking for a book on the trading side of things, you should check out Reminiscences_of_a_Stock_Operator'..this book is a staple in most trader's librarys. it recounts the tales of Jesse Livermore... regarded by most traders as one of the best of all time.. reputedly he made $100m shorting the US mkt in the 1929 crash..and also a man that made and lost many fortunes...

http://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operator

dunkamania

First published in 1923, Reminiscences is a fictionalized account of the life of the trader Jesse Livermore.

bosra

The book was written by a paper reporter i believe. he didnt use livermore's real name...hence giving rise to its fictional status. The book really is a series of interviews with livermore about his trading style and his life. So pretty much in the same vain as new market wizards.. and i believe alot of americas top traders interviewed in market wizards give mention to it..
here is some info on Jesse livermore ... just incase you were thinking he was a fictional character too ...

http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore