Book Review
Double-Digit Growth
Double-Digit Growth by Michael Treacy: Growth initiates a virtuous circle, it leads to more growth. Faster growth attracts the attention of stock market investors, who will pay more for the stock.
Read MoreWhat Makes Good Strategy, What Makes Bad Strategy
Good Strategy Bad Strategy: The Difference and Why it Matters by Richard P. Rumelt is a small book that you can read in a few hours. It’s clear and simple, real world, and honest.
Read MorePorter’s Three Types of Business Strategies
Strategy is about how a company picks which activities it engages in. It is also about how and where management decides to engage in those activities. Success is when that strategy generates a sustainable, above industry average profit.
Read MoreNo-Nonsense Advice for Your Financial Future
The Investor’s Manifesto does a great job of explaining basic finance fundamentals. Bernstein writes no-nonsense advice for his reader’s financial future and drives his points home with precision and directness. For example his argument in favor of saving: “Save as much as you can, and do not stop saving until you die.”
Read MoreActively Managed Funds Are Risky Business
This book ranks 3 out of 22 in my personal rank of investing books. I loved the simple style of writing in The Little Book of Common Sense Investing. One of the biggest things I took out of this book was a chart which Bogle produced which broke returns over the last century down into three elements: Dividends, earnings growth, and PE change.
Read MoreInvestment Parables – The Richest Man in Babylon
Though I personally find parables an annoying way of learning, the value of the messages within this book definitely stand the test of time. The richest man in Babylon’s secret is this, “A part of all you earn is yours to keep.” In other words, do not spend every penny you earn but invest it, and invest wisely.
Read More4 Investment Lessons: Diversify, Diversify, Diversify, and Diversify
Book review of The Four Pillars of Investing: This book ranks 6 out of 22 in my personal rank of investing books. When read this book it provided further support for investing index funds, something that is suitable for nearly every investor.
Read MoreInvest Smartly, Choose Stocks for the Long Run
Book review of Stocks for the Long Run: I used this book as a desk reference, long before I had access to charts and data online. It helped me understand what type of long-term return that I should expect.
Read MoreDemystifying Investment Lingo – How to Buy Stocks
Book review of How to Buy Stocks: The value of this book for beginners is that it explains the main different investment options and what to expect when you put your money in them
Read MoreMake Indexing Your Investment Strategy
Book review of Malkiel’s A Random Walk Down Wall Street: Investors who don’t try to profit by predicting market shifts will do better in the long run with tax-favored savings and investment plans with a diversified portfolio built up of index funds, over speculators who try their hand at short-term predictions.
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