valueandprices
Guest Posts

Most influential investment thinker of all time

Benjamin Graham was one of the most successful investors who ever lived and remains the most influential investment thinker of all time. Warren Buffett’s teacher, first boss and intellectual hero, Graham worked on Wall Street for more than four decades, ran a market-stomping mutual fund, taught finance at Columbia Business School and wrote two classic books. Security Analysis (1934) is still the bible for professional money managers; The Intelligent Investor (1949) is, in Buffett’s words, “by far the best book about investing ever written.”

Get Rich Slowly

Source : JASON ZWEIG

100 to 1 in the stock market

One of the best ways to learn any domain deeply is to look at the actions of the experts in that domain and clone it. Cloning is not blind copying but instead it is rediscovering the reasons behind those actions and learning from it. This way we increase our odds of becoming an expert one day. I have seen this working in (1) Investments in the form of 13Fs (2)Programming; reading the code written by engineers better than us (3) Reading books which are read by people better than us.  I follow few experts when it comes to reading books. I purchased the book 100 to 1 in the stock market by Thomas W. Phelps as soon as I saw the recommendation given below. In this post I will be summarizing some of the key ideas from it.

100 to 1 in the stock market

Source : Seeking Wisdom

To be a successful investor you need to know two things

To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools , whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses— How to Value a Business, and How to Think About Market Prices.

 Source : marketstechno

 

 

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