DeepState
Multi-Strategy, Quant and Fundamental
- Joined
- 30 March 2014
- Posts
- 1,615
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- 81
Who was Competitive Strategy by?
Might also want:
Phillip A Fisher's 'Common Stocks and Uncommon Profit'
Peter Lynch's: One up on Wall Street; Beating the Street.
You can get these, free, from most torrent sites, like... Kickass.to
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From memory, Fisher's advise regarding speculative stocks... i think he called it specialised situation, is this: That while you could make incredible amount of profit on them, they are too dangerous for an average investor. That unless you have specialised knowledge about the specific company and its specific industry, it is best to avoid it.
I don't think you could know the health of these small, specialised, companies from its financial reports. So unless you're willng and able to go and talk to the company, its management, and know what you see and what they tells you... you might not want to speculate, and probably best not to speculate it based on its share prices.
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I remember Buffett saying there are two most important chapters from TII - they dealt with Mr. Market analogy, market behaviour and another i think was about valuing the business, not the stock.
I personally preferred Fisher's, but Graham does provide that framework in more concrete terms.
Once you read these 3 guys, you'll find most others are either wrong or just derivatives and your time are better spent reading annual reports to look for opportunities than reading more books.
Michael Porter. Tom, I recommend that this is a high priority. It will give you a framework to assess the strategic position of a company which complements how valuation and value are determined. You can develop your own twists from there, but this was absolutely revolutionary and remains de rigour in business schools today. Porter is a legend.
Are you planning on speculating on FX and index futures as well as spec stocks?
Just did a search for one of those and did a download and the download crashed my internet browser with all my open tabs, changed my home page settings and opened a browser window with some websites, because the browser opened after it being crashed the first time I was not able to recover all open tabs I had open grrrrrrrrrrrrrrrrrrrrrrrr! Peed off now.
careful man.
Best to save these files in your C drive, in case. But PDFs and movies should be OK.
instructions attached.View attachment 58228
Great thanks for that, how long ago was it written / published?
I am trading forex with price action methods, charts, signals look for are low test / high test candles (also called pin bars, also has other names), inside bars, and the hikake pattern. I mainly got the futures books for information on commodities trading.
I have written a trading plan, that covers what signals I can trade and how to trade them, plan has examples of entries and exits and a money management rules and position sizing section of the trading plan.
ETF's / LIC's / A-REITS I have been contemplating in investing in.
Someone mentioned reading company reports and/or their financial documents, I'm on to that as well.
I thought there was some books by Fisher, but couldn't think what they were.
Is Common Stocks and Uncommon Profit a book or only an audiobook?
I suggest you find something you really like!
Otherwise, it would appear to me, you are spreading yourself a bit thin!
Then again, what would I know:
.I have read three books.
.Did not retire young.
.Try not to trip over same rock twice.
It was a binary / executable file and it was under the name of One up on Wall Street; Beating the Street.
Don't download .exe files. Those are programs.
Open your Control Panel, go to Uninstall Programs and see any new application has been installed just then.
Remove those unfamiliar and jsut installed [if there's any].
sorry i just assumed people know these
But it's well worth it after you get the hang of it...
books are: .pdf; .epub
movies are .mp4, .avi etc.
It was a binary / executable file and it was under the name of One up on Wall Street; Beating the Street.
What is the third book?
Yup thanks uninstalled the stuff it installed.
I know of them and heard of them but not familiar with them and never found a decent guide or how to about them.
Aware of some of the file types for movies and books (mainly pdf's).
Could consult one of my IT specialists / consultants for further advice.
Follow the instructions to download, don't click on weird links.
If you need to download software/exe files, read the comments by other users first.
Then best to save download to C drive so if there's a virus, you can reformat your PC and keep your other files on D drive etc [assuming you partitioned your PC to at least 2 drives yea?]
also back up often all your important files.
Sounds like it's dangerous but i've used it for years and all my files are still safe.
Follow the instructions to download, don't click on weird links.
If you need to download software/exe files, read the comments by other users first.
Then best to save download to C drive so if there's a virus, you can reformat your PC and keep your other files on D drive etc [assuming you partitioned your PC to at least 2 drives yea?]
also back up often all your important files.
Sounds like it's dangerous but i've used it for years and all my files are still safe.
Been trying to find an alternative to term deposits as there interest rates aren't the best at the moment.
Thought about Bonds, but that requires another book and/or learning to understand them adequately.
I suggest you find something you really like!
Otherwise, it would appear to me, you are spreading yourself a bit thin!
Then again, what would I know:
.I have read three books.
.Did not retire young.
.Try not to trip over same rock twice.
Often hear people raving about torrents but Ive never had a successful experience in getting what I want / expect and some websites disappearing.
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