Fundamental Analysis Books

Discussion in 'Educational Resources' started by CodeX, Oct 12, 2013.

  1. toc

    toc

    I think Buffet is the ONLY pure fundamental investor we know of and who is also 'very successful' over the decades. It is said, WB does not even use calculator and does not have any computer on the desk.

    Fundamental analysis can however give some markers for entry and exit. PE ratio is one simple one. For a stock PE of say 14.5 is exit and 7 an entry. There are models out there which combined with statistical studies do a good job in using fundamental analysis numbers with timing entry and exit points.

    However, if some one is looking for find a job in the industry then Fundamental Analysis is the term to put on the resume. Even now technical analysis is treated shabbily. Although majority of the SA and PMs do lots of TA under the table ;-)

    :cool: :) :D
     
    #11     Oct 12, 2013
  2. Believe or not, there are books about "intuitive" trading as well, like "The Intuitive Trader: Developing Your Inner Trading Wisdom" for example.

    Yep, forget about technical analysis and backtesting trading systems with a computer, that's for losers, just use your "inner trading wisdom" to make money in any market!

    No doubt, the amount of B.S. in the trading literature is truly getting out of hands these days.
     
    #12     Oct 12, 2013
  3. CodeX

    CodeX

    The devil is in the details. It's mainly those details that are overlooked that sometimes determine the outcome of a trade.
    Technical Analysis? Everybody knows tech anal and their relevance. We use them all the time, nobody is questioning their importance.
     
    #13     Oct 13, 2013
  4. dbphoenix

    dbphoenix

    Unless you specifically want a book, there's tons of stuff on FA at The Motley Fool, and plenty of discussion as well.
     
    #14     Oct 13, 2013
  5. newwurldmn

    newwurldmn

    Fundamental analysis is the purest form of investing.

    There are thousands of fundamental analysis investors out there.

    Buffet and his followers
    Ackman
    Einhorn
    Icahn
    Almost all long short funds
    Miller of fidelity
    Berkowitz of fairlohme
    Marvin Schwartz of neuberger berman
    All private equity firms



    It's a pretty simple concept. You undertand the financials and the business and come up with a fair value of the company. If the current price is less than that fair value you buy. Of greater you short. When your opinion of fair value changes or the price changes such that the entrance criteria no longer holds you cut the position.

    It can take years or just weeks to realize the investment thesis.

    Its a simple concept but a very difficult investing style. However it's the most scalable and it will never "go out of fashion"

    The intelligent investor is a great book. Examples are outdated but there are editions that have footnotes with current examples. His heuristics are off (max PE of 6) but the concepts are good.
     
    #15     Oct 13, 2013
  6. You should go long in such case.
     
    #16     Oct 13, 2013
  7. I do not believe in funny mentals, eh... fundamentals. The chart tells me everything I need to know and on what timeframe.
     
    #17     Oct 14, 2013
  8. Thanks for the link of Ravi Shankar. I used to listen a lot but somehow I gave up, but I will try again. Any more resources for Ravi Shankar?

    I have tried meditation machine as well.
     
    #18     Oct 14, 2013
  9. Abdelati

    Abdelati

    The best fundamental analysis book, very well explained

    Study the book, don't just read.

    The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities (3rd Edition)
     
    #19     Aug 30, 2016