The Winning Investment Habits of Warren Buffett & George Soros by Mark Tier
This book, which I picked up from Santa Clara library, has a really trashy sound and look. But, in fact, it is a really well-thought-out and easy to read book. The main point of the book is that you can't look at investing as some kind of black magic and rely on random advice from others to decide what investments to buy / sell. Instead, you absolutely need to have a comprehensive theory of how the market is going to work, a clear criteria of why your investments make sense, and have a clear criteria on when to sell (when the criteria are no longer met). And you just need to put in a fair bit of time to get good returns.
This is a must read for all the legions of wannabe stock pickers out there, who are constantly spouting stock prophecies and advice.
Monday, August 13, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment