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What *INVESTMENT* books are you currently reading?
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660ky612



Joined: 14 Jun 2007
Posts: 245
Location: Hong Kong SAR

PostPosted: Sat Jul 07, 2007 12:31 pm    Post subject: What *INVESTMENT* books are you currently reading? Reply with quote

The Global-Investor Book of Investing Rules: Invaluable Advice from 150 Master Investors
by Philip Jenks and Stephen Eckett (Hardcover - Feb 13, 2002)

http://www.amazon.com/Global-I....amp;sr=1-1

Characteristics:
o Not just limited to the "Passive Index Investing's" school of thought, hence might be guilty.
o ebook version available

Code:
Robert Z. Aliber      Ray Dalio            Brian Kettell       Alfred Rappaport 
David Andrea          Alexander Davidson   Max King            Michael Mauboussin
Nick Antill           Nigel Davies         George Kleinman     Jay Ritter       
Martin Barnes         Steven I. Davis      Richard Koch        John Rothchild   
Richard J. Bauer Jr.  Philippe Delhaise    Joe Krutsinger      Anthony Saliba   
Gary Belsky           Thomas DeMark        Mike Kwatinetz      Thomas Schneeweis
Bruce Berman          David DeRosa         Dean LeBaron        Steven Schoenfeld
William Bernstein     Joe DiNapoli         Steve Leuthold      Lueder Schumacher
James B. Bittman      Bob Dischel          David Linton        Charles Schwab   
John C. Bogle         Richard H. Driehaus  Burton Malkiel      Gary Shilling     
Lewis J. Borsellino   Dru Edmonstone       Joe Mansueto        Jeremy Siegel     
David Braun           Marc Faber           Conor McCarthy      Howard L. Simons 
Ian Burns             Frank J. Fabozzi     Duff McDonald       Brian Skiba       
John P. Calamos       Alan Farley          Colin McLean        Jim Slater       
Thom Calandra         Niall Ferguson       Lawrence McMillan   Andrew Smithers   
Donald Cassidy        Kenneth L. Fisher    Rajnish Mehra       Joel Stern       
Simon Cawkwell        George Fontanills    Viren Mehta         Thomas Stridsman 
Edward Chancellor     Martin Fridson       Paul Melton         Alan Sugden       
Moorad Choudhry       David R. Fried       Michael Molinski    Catherine Tan     
Robert Cole           Foster Friess        Robert A.G. Monks   Paul Temperton   
Antoine Colonna       Tony Golding         David Morgan        Richard H. Thaler
Tim Congdon           Julio Gomez          John M. Mulvey      Russell Fuller   
Laurence Copeland     Philip Gotthelf      John Murphy         Van K. Tharp     
Richard Cragg         Jeremy Grantham      Alan M. Newman      David W. Tice     
Anthony Crescenzi     Robert V. Green      David Newton        Andrew Tobias     
Anthony Cross         Herb Greenberg       Victor Niederhoffer Brian Tora       
Lawrence Cunningham   Bill Gross           Laurel Kenner       Romesh Vaitilingam
Frank Curzio          Steve Harmon         Michael Niemira     Timothy P. Vick   
                      John Hathaway        James W. Oberweis   Pieter Vorster   
                      Alan Hicks           Terrance Odean      Ralph Wanger     
                      Yale Hirsch          Michael O'Higgins   Edmond Warner     
                      John C. Hull         Richard Olsen       Ben Warwick       
                      John Husselbee       Paul Ormerod        Henry Weingarten 
                      Roger Ibbotson       Lois Peltz          Neal Weintraub   
                      Mark Ingebretsen     Robert Peston       Martin J. Whitman
                      Edmond Jackson       Thomas A. Petrie    Larry Williams   
                      Simon M. Johnson     John Piper          Paul Wilmott     
                      Philippe Jorion      Mitchell Posner     Tom Winnifrith   
                      Ajay Kapur           Henriette M. Prast  Ed Yardeni       
                      John Kay             Robert Prechter     Andy Yates       
                      Karl Keegan          George Putnam III   Leonard Yates     
                                                               William T. Ziemba

Regards,
660ky612 from Hong Kong
Disclaimer: I am not a book salesman.
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mickeyd



Joined: 23 Feb 2007
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PostPosted: Sat Jul 07, 2007 12:53 pm    Post subject: Reply with quote

No investment books now. I'm currently reading The Gates of the Alamo, which has no investing advice so far.

I subscribe to about 6-8 industry magazines monthly that tend to pile up from time to time. Occasionally, I zero in on reducing the size of that pile to a more manageable level. That's what I'm reading now. Should take me another week or so if I stay at it. Surprised
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NAVigator



Joined: 27 Feb 2007
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PostPosted: Sat Jul 07, 2007 12:56 pm    Post subject: Reply with quote

I just finished "Live It Up without Outliving Your Money!" by Paul Merriman.

I am currently reading "The Bond Bible" by Marilyn Cohen and "Your Complete Retirement Planning Road Map" by Ed Slott.

Jerry
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Jazzman



Joined: 28 Feb 2007
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PostPosted: Sat Jul 07, 2007 1:11 pm    Post subject: post subject Reply with quote

I'm reading "The Little Book of COMMON SENSE INVESTING" by John Bogle.
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mwgr5



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PostPosted: Sat Jul 07, 2007 1:57 pm    Post subject: Reply with quote

I'm currently rereading four pillars.
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bob90245



Joined: 19 Feb 2007
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PostPosted: Sat Jul 07, 2007 4:43 pm    Post subject: Reply with quote

I'm currently reading Master Your Money Type by Jordan Goodman. Having only briefly skimmed through the book, I haven't yet decided if I'm a Coaster or a Squirrel. Wink
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Mel Lindauer
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PostPosted: Sat Jul 07, 2007 4:54 pm    Post subject: Current Investment Book Reply with quote

I'm currently reading an advance proof copy of Jason Zweig's latest book which will be out soon titled Your Money and Your Brain (Simon & Schuster). Really groundbreaking stuff showing how understanding the new science of Neuroeconomics can help with your investing!

Best regards to all,

Mel
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cfs



Joined: 23 Feb 2007
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PostPosted: Sat Jul 07, 2007 5:50 pm    Post subject: None, but ... Reply with quote

Thanks for asking. Current Investment Book? The answer is NONE [but I do have Larry's book handy for ready reference].
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mcdave



Joined: 19 Feb 2007
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PostPosted: Sat Jul 07, 2007 7:40 pm    Post subject: Against the Gods Reply with quote

by Peter Bernstein. I am re-reading this book (in close detail) for the third time. I haven't picked it up for five or six years. It is like getting a free refresher course! Free because I own it. I love the historical approach starting way back and moving through developments up to the present! Some day I will catch up to whatever the latest buzz is -- right now it seems to be about fat tails and black swans, kertosis, contango, and backwardation! Someday I may take a course in statistics just to find out if my basic understanding is adequate!

Dave
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Bally Who



Joined: 17 Jun 2007
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PostPosted: Sun Jul 08, 2007 4:06 pm    Post subject: Reply with quote

I am reading "The Black Swan" by (former trader) Nassim Nicholas Taleb. Fascinating!

"A Black Swan is a highly improbable event with three principal characteristics:
    it is unpredictable;
    it carries an enormous impact;
    and, after the fact, we concoct an explanation that makes it appear appear less random, and more predictable, than it was"

If Mandlebrot is too tough for you, try Taleb. He's a much easier read. Smile

John
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mickeyd



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PostPosted: Sun Jul 08, 2007 4:12 pm    Post subject: Reply with quote

I'm on the waiting list at our library for "The Smartest Investment Book You'll Ever Read." This book was mentioned by Scott Burns in a recent column. (Sounds diehard-ish). Anyone read it yet?
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mickeyd

In Dire Need of: Faster horses, younger women, older whiskey, more money. (Not necessarily in that order)


Last edited by mickeyd on Sun Jul 08, 2007 4:55 pm; edited 1 time in total
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tat2ng



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PostPosted: Sun Jul 08, 2007 4:33 pm    Post subject: Reply with quote

Malkiel "A Random Walk Down Wall Street"

Thad (tat2ng)
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Taylor Larimore
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PostPosted: Sun Jul 08, 2007 5:09 pm    Post subject: Mickeyd --The Smartest Investment Book" Reply with quote

Quote:
"The Smartest Investment Book You'll Ever Read." -- Anyone read it yet?


Yes. I own the book after reading about it in Scott Burns column. I was not disappointed. I included it in our Collection of Investment Gems. You can read excerpts from Mr. Solin's book here:

http://socialize.morningstar.c....vSeq=54472

Excerpts from other great investing books can be found here:

http://socialize.morningstar.c....vSeq=47299

Best wishes.
Taylor
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CyberBob
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PostPosted: Sun Jul 08, 2007 5:43 pm    Post subject: Reply with quote

mickeyd wrote:
"The Smartest Investment Book You'll Ever Read." (Sounds diehard-ish). Anyone read it yet?

You're correct in that it's very diehard-ish.
The book is essentially an expanded version of the reasoning behind Taylor's 4-Fund Portfolio, which CBS Marketwatch has also promoted as the Cold Shower Portfolio.

Bob
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murfields



Joined: 20 Feb 2007
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Location: Surprise, AZ

PostPosted: Sun Jul 08, 2007 6:35 pm    Post subject: Recent books Reply with quote

My last few months readings has been ETF"S. No other ETF book at this time is better than "Exchange-Traded Funds for DUMMIES" It's for Dummies a definite winner.

My next choice is Marvin's Appel's "Investing with Exchange-Traded Funds Made Easy". An excellent book cover's good financial basic steps with a ETF direction. For a beginner in retirement investings to use mutual funds or ETF it is a winner.

Ferri's soon to arrive book on ETFs may not equal either. BUT I am waiting for it my next ETF book.

Murfield
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lucky7



Joined: 13 Mar 2007
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PostPosted: Sun Jul 08, 2007 7:19 pm    Post subject: Re:The Smartest Investment Book You'll Ever Read Reply with quote

Also recently read Solin's book. Great read with excellent emphasis on risk. Currently reading Devil Take the Hindsight. Solin by the way has website and is responsive to email questions/comments.
Bob
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quidditchfan073



Joined: 14 Mar 2007
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PostPosted: Sun Jul 08, 2007 7:31 pm    Post subject: .. Reply with quote

I am half way through 'All about index funds'. by Richard Ferri.


Greg
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mnd2013



Joined: 03 Mar 2007
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PostPosted: Sun Jul 08, 2007 7:44 pm    Post subject: Reply with quote

NAVigator wrote:
I just finished "Live It Up without Outliving Your Money!" by Paul Merriman.


How is this?

Currently reading 4 Pillars
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NAVigator



Joined: 27 Feb 2007
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Location: Iowa

PostPosted: Sun Jul 08, 2007 8:10 pm    Post subject: Reply with quote

mnd2013 wrote:
NAVigator wrote:
I just finished "Live It Up without Outliving Your Money!" by Paul Merriman.


How is this?


I found it to be quite interesting. Merriman does an excellent job explaining the effect of diversification on risk and return. He includes historical returns and efficient frontier diagrams. He develops what he terms the "perfect portfolio" by starting with the S&P 500 and adding other asset classes.

He focuses on the equity portion of the portfolio and virtually ignores the fixed income side.

He ends up with a very nice recommended asset allocation, in my view. It was well written and easily understood.


Jerry
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dogtown



Joined: 04 Mar 2007
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PostPosted: Sun Jul 08, 2007 8:19 pm    Post subject: Reply with quote

Another kudo for "The Smartest Investment Book You'll Ever Read. I agree with the things Taylor and Cyberbob said about it. It is a very easy read.
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savermike



Joined: 22 Mar 2007
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PostPosted: Sun Jul 08, 2007 9:02 pm    Post subject: The Black Swan Reply with quote

Just got Taleb's new The Black Swan ($15.xx at Costco). His Fooled by Randomness was one my early reads that drove me to understand markets and investing beyond "I want 'growth', don't I?".

However, the final Harry Potter is 13 days away and still haven't read the penultimate installment. Taleb may have to wait.

Mike
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Karl



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PostPosted: Mon Jul 09, 2007 6:31 pm    Post subject: Reply with quote

None. I feel that I already get plenty of information from simply looking at this board.
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unclemick



Joined: 20 Feb 2007
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PostPosted: Tue Jul 10, 2007 9:18 am    Post subject: Reply with quote

Ditto

Books! I don't need no stinking books!

heh heh heh heh heh.

A few forums, Bogle's Financial Markets Research Center, Efficient Frontier(not as much lately).

Cool
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Blackhawkzone



Joined: 06 Mar 2007
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PostPosted: Tue Jul 10, 2007 9:35 am    Post subject: Reply with quote

i have learned more from etf's for dummies than any other investment book that I have ever read, and I have read quite a few.

any etf investor should read this if they already havent.
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CyberBob
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PostPosted: Tue Jul 10, 2007 11:58 am    Post subject: Reply with quote

dogtown wrote:
Another kudo for "The Smartest Investment Book You'll Ever Read. I agree with the things Taylor and Cyberbob said about it. It is a very easy read.

For anyone North of the border, there is now a Canadian edition of the book.

Bob
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KritonD



Joined: 04 Mar 2007
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PostPosted: Tue Jul 10, 2007 3:02 pm    Post subject: Reply with quote

I'm rereading Four Pillars right now. Also reading The Black Swan during my commute. I haven't been sucked into the Black Swan as I was with Fooled by Randomness, gotta give it more time I think.
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modal



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PostPosted: Tue Jul 10, 2007 4:06 pm    Post subject: Reply with quote

Currently being read by me.... sorta related to investing...

One Perfect Day: The Selling of the American Wedding by Rebecca Mead --> The author is a bit odd.
Someone brought up the whole engagement ring thing on here so I looked for a book.
How to Start Living and Stop Worrying by Dale Carnegie

Dummies books which cracked me up on a recent trip to Barnes and Noble
-IBS for Dummies (Yes, 300+ on irritable bowel syndrome)
-MPD for Dummies (Crazy)
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tommy_gunn



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PostPosted: Fri Jul 13, 2007 5:15 pm    Post subject: Reply with quote

I just picked up The Bogleheads' Guide to Investing from Buy.com for $9.93 after a $10 google check out coupon ... woo hoo
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CyberBob
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PostPosted: Fri Aug 03, 2007 12:24 pm    Post subject: Vanguard's Recommended Summer Reading List Reply with quote

Vanguard has a new recommended reading list.

Bob
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bob90245



Joined: 19 Feb 2007
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PostPosted: Fri Aug 03, 2007 5:10 pm    Post subject: Re: Vanguard's Recommended Summer Reading List Reply with quote

CyberBob wrote:
Vanguard has a new recommended reading list.

Bob

That's a good list. I read 7 out of those 13 books.

I'm currently reading Asset Allocation by Roger Gibson. I found it in my local library. At $55, it is way too expensive for the retail investor. If it was more reasonably priced, say around $25, there's no question that it would be far more popular with individual investors. It's really a very good book.

I see that Amazon sells it for $35. I'm very tempted to buy it and add it to my personal library of investment books. I wouldn't mind buying it used for around $20. I've bought used books before when I didn't want to pay up for the going rate.
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CyberBob
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PostPosted: Fri Aug 03, 2007 8:40 pm    Post subject: Re: Vanguard's Recommended Summer Reading List Reply with quote

bob90245 wrote:
I'm currently reading Asset Allocation by Roger Gibson. It's really a very good book.

Oooh, that's a great book!
Even though it has a bit of a slant towards advisors, it's definitely a book that Diehards would like if they're looking for something more than 'Dummies' type investment fluff.

Bob
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bob90245



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PostPosted: Fri Aug 03, 2007 8:58 pm    Post subject: Re: Vanguard's Recommended Summer Reading List Reply with quote

CyberBob wrote:
bob90245 wrote:
I'm currently reading Asset Allocation by Roger Gibson. It's really a very good book.

Oooh, that's a great book!

CyberBob,

I thought you were not impressed with slice and dice. Given your preference with TSM, I am quite surprised you would like a book that promotes multiple-asset-class equity investing.

Or have I confused you with someone else? Confused
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rich



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PostPosted: Fri Aug 03, 2007 9:30 pm    Post subject: Reply with quote

I just ordered Fooled by Randomness by Taleb. I enjoyed The Black Swan and wanted to read his previous book.
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stratton



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PostPosted: Fri Aug 03, 2007 9:36 pm    Post subject: Reply with quote

Quote:
I just ordered Fooled by Randomness by Taleb. I enjoyed The Black Swan and wanted to read his previous book.

Don't forget his other book: Dynamic hedging : managing vanilla and exotic options Razz

Paul
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AzRunner



Joined: 19 Feb 2007
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PostPosted: Fri Aug 03, 2007 11:04 pm    Post subject: Reply with quote

I was recently in a Barnes and Nobles in Flagstaff, AZ. They have a section called Personal Finance. It's populated by books by Suze Orman and the Rich Dad, Poor Dad guy. Across the aisle was a section called Investing. The books with 20 copies were by authors discussing strategies that Diehards wouldn't touch with a ten foot pole. Single copies of books by Bogle, Ferri and the Bogleheads were available among the other books that some might call financial pornography.

Just another reinforcement to the idea that Diehards are unfortunately a rare breed in the investment world.

Norm
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660ky612



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PostPosted: Sat Aug 04, 2007 3:28 pm    Post subject: Re: Vanguard's Recommended Summer Reading List Reply with quote

CyberBob wrote:
bob90245 wrote:
I'm currently reading Asset Allocation by Roger Gibson. It's really a very good book.

Oooh, that's a great book!

Why not accompanying the reading with "All About Asset Allocation by Richard A. Ferri (Paperback - Sep 15, 2005)"?

Also see "Mastering the Art of Asset Allocation, David M. DARST, 2007 McGraw-Hill".

660ky612 from Hong Kong Special Administration Region.

P.S.
I wish to have my own Yacht with
Code:

A. pretty women inside           B. strong and muscular men inside
C. friends inside                 D. gold inside   
E. wine inside.                   F. fishes inside               

Your choice?


Last edited by 660ky612 on Sun Aug 19, 2007 12:39 pm; edited 1 time in total
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660ky612



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PostPosted: Sun Aug 19, 2007 11:32 am    Post subject: Reply with quote

stratton wrote:
Quote:
I just ordered Fooled by Randomness by Taleb. I enjoyed The Black Swan and wanted to read his previous book.

Don't forget his other book: Dynamic hedging : managing vanilla and exotic options Razz
Paul


I have got an electronic version of the book Dynamic hedging : managing vanilla and exotic options, 1997 of which I collected when studying the course Options Pricing.

It should be somewhat technical, so why do we need it?

Thanks, 660ky612 from Hong Kong
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craigr



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PostPosted: Sun Aug 19, 2007 12:08 pm    Post subject: Reply with quote

AzRunner wrote:
I was recently in a Barnes and Nobles in Flagstaff, AZ. They have a section called Personal Finance. It's populated by books by Suze Orman and the Rich Dad, Poor Dad guy. Across the aisle was a section called Investing. The books with 20 copies were by authors discussing strategies that Diehards wouldn't touch with a ten foot pole. Single copies of books by Bogle, Ferri and the Bogleheads were available among the other books that some might call financial pornography.


Many months ago I was in that section as well at the local book store. An older man was there and had a stack of Rich Dad books, Cramer books, option trading, real estate with zero down books, etc.

I felt the dark force surging and I was forced to act. I struck up a conversation with him and he was interested in investing his money for retirement, etc. I spoke with him for probably 30 minutes abut Kiyosaki, options, zero down real estate risks, indexing, etc. and he walked away instead with The Diehards Guide in his hand.

I hope he took the advice.

I told my wife that I want a job at the book store. I just want to sit in a chair in the investing/personal finance aisle and keep people out of trouble.
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Chip



Joined: 21 Feb 2007
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PostPosted: Sun Aug 19, 2007 1:11 pm    Post subject: Reply with quote

I'm reading 4 Pillars and Random Walk. I bought both (as well as Bogleheads & All About Asset Allocation) to use as my "lending library" for friends who want to know how to invest. I hope I'll get them back once they've been lent out. Shocked
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Jazzman



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PostPosted: Sun Aug 19, 2007 4:29 pm    Post subject: post subject Reply with quote

Today I started reading "The only guide to a WINNING BOND STRATEGY you'll ever need" by Larry Swedroe.
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660ky612



Joined: 14 Jun 2007
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PostPosted: Tue Aug 28, 2007 12:50 pm    Post subject: Re: Reply with quote

Reading list by Charles D. Ellis at 2002

http://diehards.org/forum/viewtopic.php?t=5402 Posted: Wed Aug 29, 2007 1:44 am

Thanks for attention,
660ky612 from Hong Kong
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Dino



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PostPosted: Tue Aug 28, 2007 8:01 pm    Post subject: Reply with quote

Bogleheads Forum - each evening. Smile

Dino
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shadowrings



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Location: squatting around Prescott,AZ :-)

PostPosted: Wed Aug 29, 2007 2:03 am    Post subject: Reply with quote

I have Malkiel's "Random Walk Down Wall Street" waiting as my next non-fiction read.

Just cracked the cover on Dan Reingold's "Confessions of a Wall Street Analyst"
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Jason



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PostPosted: Wed Aug 29, 2007 2:17 am    Post subject: Reply with quote

I just finished Bogle's "Bogle on Mutual Funds...New perspectives for the intelligent investor"

Great stuff. I found it interesting that he advocates some forms of "tactical asset allocation" and does not condemn actively managed funds. Of course, he also makes a great case for indexing.

He also recommends matching bond duration to your investment horizon (i.e. long-term bonds for long-term horizon), which is different than the mantra we hear these days ("keep durations short").

cheers,
Jason
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psu9932



Joined: 02 Apr 2007
Posts: 45

PostPosted: Wed Aug 29, 2007 5:23 am    Post subject: book Reply with quote

"Beyond the Grave: The Right Way.." Easy to read and informative.
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stratton



Joined: 04 Mar 2007
Posts: 6747
Location: Puget Sound

PostPosted: Wed Aug 29, 2007 5:24 am    Post subject: Reply with quote

Quote:
He also recommends matching bond duration to your investment horizon (i.e. long-term bonds for long-term horizon), which is different than the mantra we hear these days ("keep durations short").

There was probably no TIPS available then. TIPS can replace the long-term bonds with a lot less volatility and inflation surprises won't kill you. The short term bonds protect against sudden interest rises, the TIPS against sudden inflation, the TIPS coupon rate acts as a floor against deflation. If interets rates go really low like after 9/11 a 2.3x% real rate looks great.

Paul
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660ky612



Joined: 14 Jun 2007
Posts: 245
Location: Hong Kong SAR

PostPosted: Fri Sep 07, 2007 10:17 am    Post subject: Reply with quote

Dear Forum,

Today is 7th September 2007.

Finish reading
. The random walk guide to investing : ten rules for financial success / Burton G. Malkiel, 2003. (202 pages)
. The little book of common sense investing : the only way to guarantee your fair share of market returns / John C. Bogle, 2007 (240 pages)
. Winning the loser's game : timeless strategies for successful investing / Charles D. Ellis, 2002 (144 pages)

I am an alumnus of three different Universities at Hong Kong:
. ChineseU_HK ( http://library.cuhk.edu.hk/ ),
. CityU_HK ( http://lib.cityu.edu.hk/ ),
. PolyU_HK ( http://library.polyu.edu.hk/ ),
So the cost of my supply line has always been very low.

In the seventeen years of my pseudo-investing and personal saving voyage, I have observed that no one here in Hong Kong, except just one person (a retired stock analyst from the fundamental school), has ever got the intention to provide a solution of the investment problem tailored to help the general public. And this is why I meet you. Some gurus, merchants, media (educators and government officials as well) here have been extremely dangerous and lousy. This makes studying, self-discovery and fighting a life-long journey.

What do you feel if you cannot protect your mom?

660ky612 from Hong Kong
- bought mutual funds since 1989, stock-to-stock every five days since 1999 Confused


Last edited by 660ky612 on Wed Sep 26, 2007 7:29 am; edited 8 times in total
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Taylor Larimore
Moderator


Joined: 27 Feb 2007
Posts: 7851
Location: Miami Florida

PostPosted: Fri Sep 07, 2007 11:23 am    Post subject: Bogle on "Tactical Allocation" Reply with quote

Quote:
I just finished Bogle's "Bogle on Mutual Funds...New perspectives for the intelligent investor" Great stuff. I found it interesting that he advocates some forms of "tactical asset allocation"

Here's what he wrote in the Asset Allocation Summary:

"As an intelligent investor, you must make five key decisions about your asset allocation program. -- Fourth is the decision as to whether to introduce an element of tactical allocation. It carries its own risks. Changes in the stock/bond ratio may add value, but they may not. In an uncertain world, tactical changes should be made sparingly."

In his book, "Common Sense on Mutual Funds," Mr. Bogle wrote:

"Tactical asset allocation, if the strategy is used at all, should therefore be used only at the margin. That is, if your optimal strategic allocation is 65% stocks, limit any change to no more than 15 percentage points (50 to 80 percent stocks), and implement the change gradually.

The prospect of having the skill, insight, and luck to eliminate your stock position overnight and restore it "when the time is right" is, in my view, patently absurd. Cautious tactical allocation may have a lure for the bold. Full-blown tactical allocation lures only the fool."


Best wishes.
Taylor
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660ky612



Joined: 14 Jun 2007
Posts: 245
Location: Hong Kong SAR

PostPosted: Sun Oct 14, 2007 11:15 am    Post subject: Reply with quote

CyberBob wrote:
dogtown wrote:
Another kudo for "The Smartest Investment Book You'll Ever Read. I agree with the things Taylor and Cyberbob said about it. It is a very easy read.

For anyone North of the border, there is now a Canadian edition of the book.

Bob

Thank you CyberBob and dogtown.

Today is 14th Oct., 2007. Just got these two books from the library.

o "The smartest investment book you'll ever read : the simple, stress-free way to reach your investment goals / Daniel R. Solin, Perigee Book, 2006." (179 pages)

Dan Solin is a leading securities arbitration lawyer and Senior Vice President of ifa.com


o "The only guide to a winning investment strategy you'll ever need / Larry E. Swedroe, New York : Truman Talley Books/St. Martin's Press, c2005, 1st rev. and updated ed.", (323 pages but large fonts used in the book)

Larry E. Swedroe graduated from New York University with an MBA in finance. He is a principal in the firm of Buckingham Asset Management.

Yours affectionately,
660ky612 from Hong Kong
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SamB



Joined: 12 Mar 2007
Posts: 265

PostPosted: Sun Oct 14, 2007 11:51 am    Post subject: Books Reply with quote

I just finished Amity Shlaes' "The Forgotten Man," a rather entertaining book about the Great Depression. I never realized how little impact most of Roosevelt's programs actually had on the macro economy, and the backgrounds of most of his advisers.

Note that the forgotten man was originally the one who paid the taxes transferred by the politician to the little guy. Roosevelt redefined the expression to mean the little guy, and it made a huge political difference.

Sam
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