The best investment books?

(10-04-2019, 09:22 AM)soros Wrote: I found :

Value investing ( to identify which  shares to buy ) + "buy and hold" does not work.

Value investing ( to identify which shares to buy )  + trading Knowledge ( when to buy and exit ) works .

I have to agree... but caveat on the trading that we are not talking about trading in/out or next week or even next month. It is to know the idiosyncracy of the stock action and plan entry & exit. When facts change eg management, corporate action, M&A, view and price has to change too. To be precise: I don't subscribe to "buy and forget"

From a fundy point of view 0.5X BV or 0.6X BV is no big difference but price wise it is significant.

Warren Buffett and Bill Gates agree this 1969 classic is still the best business book of all time—here's why
https://finance.yahoo.com/news/warren-bu...55338.html

actually tried reading business adventures. not easy to get through. maybe not enough american business appreciation or the writing style.

Hey, 

Im a newbie investor. Im planning to buy a book to start learning the basics of investing and become a serious investor. Is Benjamin Graham's book "Security Analysis" a good start ? I heard that it it the bible of value investing ...

GY

Robert Kwok write about some of the who's who in Singapore listed companies.
https://www.bing.com/images/search?view=...ist=0&vt=0

I like this bit in Robert Kuok's book :

Kuok also imparted some advice on how capitalism is not a bed of roses for all.

“Capitalism is a ruthless animal. For every successful businessman, there are at least 10,000 bleached skeletons of those who have failed,” he said, calling it a sad commentary on capitalism.

He added however, that this only applies to real capitalism, not crony capitalism.

What I think - The bleached skeletons must include those failed shareinvestors who did not know about value investing.

(13-04-2019, 10:09 PM)karlmarx Wrote: Here, free one. Don't need to buy. Google has close to everything.

If this book doesn't suit you, just move on to some other suggestion in this thread. Love for reading is one of the many pre-requisites to do well in this field.

hi karlmarx,
Unless it is out of print, let's try not to share whole books on a public forum.

Moderator - linked removed

(12-04-2019, 07:40 PM)BRT Wrote: actually tried reading business adventures. not easy to get through. maybe not enough american business appreciation or the writing style.

I hunted down the book after seeing it shared here.

Indeed. Business Adventures is not as easy to read, compared to more modern authors. Long sentences and archaic vocabulary makes it easy to lose readers.

Nevertheless, I found the stories to be interesting and informative. I hope to read more of such well-researched books.

Business Adventures - complied by John Brooks

Yup, it's a difficult to read book because we need to FEEL the early american corporate culture.
Not many people has the flair nor the taste to appreciate what the 12 writers trying to drive at.

If you are thinking of starting, then may I do some initiation?

Flip to page 338 to begin your first story:
"One Free Bite"

The author derived the name of the story from a old law:
Every dog has its one free bite.

It basically shielded/limit the owner of a dog from liability for a dog to take it's first bite.

I like the stories as it opens up my mind on fundamental issues in job hopping, IP (intellectual property), etc.
It gives me a sense of how these SOP was debated and developed in the (american) history.

Shiok.

Next, flip to page 315 and you'll smile.
"Stockholder Season"

The writer fly everywhere to attend AGM (public listed company).
I smiled and I believed you will also smile when you read this story.
Our saga in SL was described vividly by the writer as if he attended Ow's AGM with Mr Subnani.
The mic snatching, switching off etc 
The name calling, chaos etc
make me wonder and realised that nothing had changed.

The writer wrote this piece back in 1966
which is stunningly similar to our modern scene.

I laugh... human... human psychology... never changed.

Flip to page 136 "A Reasonable Amount of Time"
Will you be astonished to know that once upon a time, 
insider trading is allow?
Ok, I take back my words.
Insider trading (aka CEO buy share before good news etc) is not only allow
but view as an incentive/rewards to them.

Read this story and I guarantee that you had read it before
.... in Straits Time in modern day.

Again, human spirit ... no changed, oh well, since 1910...

And, it's still relevant today.

(06-04-2019, 12:41 PM)chialc88 Wrote: Books by top traders?

I think you might like Alexander Elder.
His books will generate interest and motivate you to try out trading for a living.
Although I had read his book many times and many years ago,
I still love it very much.

Try out in NLB.
If you're tech savvy, E-books available too as Alexander Elder is very famous.

Ok, you don't like to read AngMoh's book and prefers an Asian or best Singapore book?

Think no more.
AK is the one.
Click and watch the video below.
It's self-explanatory.




Value investment is good.
But trading is definitely a vital part of my investment journey too.
What about you?

AK is a no no for me.

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