Returning some books to the library today I read this month... 7 secrets to INVESTING Like Warren Buffett By Mary Buffett & Sean Seah -It was ok for a first-time read. Digital Cash The Unknown History of the Anarchists, Utopians, and Technologists who created Cryptocurrency By Finn Brunton -Not really worth much of my time... SMART MONEY, DUMB MONEY Beating the Crowd Through Contrarian Investing By Keith Richards -Very thin book, bunch of charts but not much worth considered remembering. The CAPITALIST CODE It Can Save Your Life By Ben Stein -I guess it was ok for a newbie to equities... CONCENTRATED INVESTING Strategies of the World's Greatest Concentrated Value Investors By Benello, Biema, & Carlisle -A bit about Munger, Keynes, and some no-namers.
I don’t want to read anything about trading or money. I have read enough about them in the past and now, I feel like reading something else so that I don’t dream of money every night. Do you have any suggestions?
I am reading Risk Management in Trading: Techniques to Drive Profitability of Hedge Funds and Trading Desks by Davis Edwards. I have recently realised that I lack the basic knowledge of risk management and that’s where I lag in the market.
I finished reading Schwager's Stock Market Wizards book. Now I am trying to finish Niederhoffer's last book:
So what's your take? You learn anything useful? Anything you disagree with? Anthing there that will help you become a wizard?
It was ok, but not so sure I'd bother re-reading it again down the road. The end of the book has a summary of bulleted statements, but there wasn't anything really eye-opening for me. Except, that despite all the risks and dangers of going SHORT, all but one of the traders in the book used SHORTING as a common tactic of their strategies. Though let me remind you, of a few bulleted warnings:
Reading books is kind of similar to staring at, and following, social media personalities. Most, if not all, of them are rather fake and shady...out to just enrich and empower themselves at everyone else's expense and time. Social media is Misinformation, ignorance, hype, greed, ego, vanity Galore everywhere you look.