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An investment reading list
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流星99.Run-Feed2News
Dec 1, 2014, 5:21:00 PM12/1/14
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=-= [摘要] -=-
If you’ve read Scott Adams’ financial advice and my financial tips in case you
win a startup lottery, then you might be interested in a few more pointers to good
resources. Some web pages and books: – Don’t Play the Losers’ Game, by Henry
Blodget. This is a short, accessible piece that explains why picking […]
=-=-{内容} =-=-=-=-=-=-=-=-=-=-=-=-=-=-
If you’ve read Scott Adams’ financial adviceScott Adams_ financial advice and
my financial tipsfinancial tips in case you win a startup lottery, then you might
be interested in a few more pointers to good resources. Some web pages and books:
–Don’t Play the Losers’ GameDon_t Play the Losers_ Game, by Henry Blodget. This
is a short, accessible piece that explains why picking individual stocks on Wall
Street is a bad idea for almost anyone.
– Website: the Bogleheads forumthe Bogleheads forum. An incredibly smart group
of people who like to discuss investing, finance, and money. Their investment philosophy
page is pure financial wisdom distilledpure financial wisdom distilled.
–A Random Walk Down Wall StreetA Random Walk Down Wall Street, by Burton Malkiel.
This book is remarkably readable, though it can be dense at times. If you believe
you can pick individual stocks with enough success to beat a diversified portfolio
of low-cost index funds, this is the book you should read to throw a wet blanket
on that belief.
–The Lazy Person’s Guide to InvestingThe Lazy Person_s Guide to Investing, by
Paul B. Farrell. This book will show you how to outperform the majority of active
money managers in just 15 minutes a year. This book is seriously good. If I had
to recommend only a single book, this book might win: it’s a breeze to read, but
it imparts nearly as much wisdom as much denser tomes.
– This is a great description of how Google tried to educate and protect its employeesGoogle
tried to educate and protect its employees before Google’s IPO. You’ll get most
of the idea from the first page. How can you not love an article where a financial
advisor admits “We work in the most overcompensated industry in the country”?
–The Wall Street Self-Defense ManualThe Wall Street Self-Defense Manual, by Henry
Blodget. In many ways, this book is a deeper version of Blodget’s article that
I linked to above. This book is short, readable, and packed with most of the advice
that you need to know.
– If you’re ready to go deeper, consider The Four Pillars of InvestingThe Four
Pillars of Investing, by William Bernstein. You might also check out Bernstein
’s The Intelligent Asset AllocatorThe Intelligent Asset Allocator.
–Rich Dad, Poor DadRich Dad, Poor Dad, by Robert Kiyosaki. This book has its flaws,
but it’s very readable and could be good for teenagers or college students. The
book uses stories to discuss the goal of financial independence via assets that
produce money. I grew up in a family focused on academia, so this book was a good
wake-up call that a lot of people care about money, not just getting a Ph.D.
*Money and Wall Street stories, color, and culture*
– Realistically, I’d recommend almost anything that Michael LewisMichael Lewis
has ever written. His most recent book is Flash BoysFlash Boys and I enjoyed that
story. But I also enjoyed Liar’s Poker, The Big Short, and Boomerang.
A few more to consider:
– Perfectly Legal (rich people get away with lots of tax loopholes)
– Confessions of a Tax Collector (a tale from inside the IRS when the IRS had more
teeth)
There’s also a whole sub-genre of books about rich people:
– Richistan (pretty entertaining)
– The Millionaire Next Door (most millionaires are cheap!)
– Rich Like Them (mostly a bunch of anecdotes from interviews)
*Stock Options*
–Consider Your OptionsConsider Your Options, by Kaye A. Thomas. If you’re joining
a startup that offers stock options, I strongly recommend that you study this book
from cover to cover. It can help you avoid a lot of treacherous mistakes. If you
don’t put in the time to understand your stock options, you might regret it later.
Thomas also has a good book called Capital Gains, Minimal TaxesCapital Gains, Minimal
Taxes that covers the mechanics of a lot of tax issues and logistics for investors.
– I really recommend Consider Your Options as the definitive work, but An Engineer
’s Guide to Silicon Valley StartupsAn Engineer_s Guide to Silicon Valley Startups,
by Piaw Na is very accessible. This book also covers a wide range of skills that
you might need if you want to join a startup. Disclosure: I know Piaw from his time
at Google.
– I have used Stock Options: An Authoritative Guide to Incentive and Nonqualified
Stock OptionsStock Options: An Authoritative Guide to Incentive and Nonqualified
Stock Options as a reference for at least one complicated situation.
– Want to understand stock options at a basic level? Stock Options for DummiesStock
Options for Dummies isn’t too bad.
*Anti-recommendations*
– This won’t be popular, but I just don’t find John C. Bogle’s books very readable.
I agree with him about lots of things, but his books like Don’t Count on it! just
didn’t grab me.
– Hedgehogging, by Barton Biggs. I’m not even going to link to this book–that
’s how angry this book made me. Biggs actually writes stuff like this: “My real
theory is that the investment superstars have some special magic with markets that
enables them almost intuitively to do the right things most of the time.” What
hogwash.
Elsewhere in the book (which lists a copyright date of 2006), Biggs quotes someone
who accurately identifies the housing bubble: “another bubble is about to burst.
Existing home prices have been rising 7% to 8% a year, financed by Fannie and Freddie.
” Then Biggs goes on scoff at the guy, like “Look at this dork, predicting a major
depression due to a housing bubble in the next three years.” The Wikipedia page
on BiggsWikipedia page on Biggs reports that Biggs’ hedge fund was blindsided by
the subsequent global financial crisis. If you want a snapshot of how Wall Street
can suck, then you might want to read this book.
– I’m not a big fan of Jim CramerJim Cramer. If you want to watch Cramer for entertainment
that’s great, but exercise caution on his advice.
– Beating the Street, by Peter Lynch. I just don’t think this book has aged very
well. You can pick up most of what you need from other books. The advice to “invest
in what you know” can be good. However, it also risks becoming “invest in what
’s familiar” instead of doing your homework.
So those are some books and websites that I’ve liked or disliked. How about you
–what books about investing, money, or finance would you add to the list?
-=--=-=-=-=-=-=-=-=-=-=-=-=-=-===---===-=--====-=
-=-{ =-= }-=-
组：cn.edu.lang.english
标签: Books/Magazines
=-={ -=- }=-=
**链接**：
Scott Adams financial advice
https://www.mattcutts.com/blog/scott-adams-financial-advice/
----
financial tips
https://www.mattcutts.com/blog/make-money-investing-tips/
----
Don t Play the Losers Game
http://www.businessinsider.com/finally-some-excellent-investment-advice-2011-12
----
the Bogleheads forum
http://www.bogleheads.org/
----
pure financial wisdom distilled
https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy
----
A Random Walk Down Wall Street
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393340740/
----
The Lazy Person s Guide to Investing
http://www.amazon.com/Lazy-Persons-Guide-Investing-Procrastinators/dp/0446531685
----
Google tried to educate and protect its employees
http://www.modernluxury.com/san-francisco/story/the-best-investment-advice-youll-never-get
----
The Wall Street Self-Defense Manual
http://www.wallstreetselfdefense.com/
----
The Four Pillars of Investing
http://www.amazon.com/The-Four-Pillars-Investing-Portfolio/dp/0071747052
----
The Intelligent Asset Allocator
http://www.amazon.com/The-Intelligent-Asset-Allocator-Portfolio/dp/0071362363
----
Rich Dad, Poor Dad
http://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011
----
Michael Lewis
http://michaellewiswrites.com/index.html#top
----
Flash Boys
http://www.amazon.com/Flash-Boys-Michael-Lewis/dp/0393244660
----
Consider Your Options
http://fairmark.com/books-fairmark-press/consider-your-options/
----
Capital Gains, Minimal Taxes
http://fairmark.com/books-fairmark-press/capital-gains-minimal-taxes/
----
An Engineer s Guide to Silicon Valley Startups
http://books.piaw.net/guide/
----
Stock Options: An Authoritative Guide to Incentive and Nonqualified Stock Options
http://www.amazon.com/exec/obidos/ASIN/0966889924/
----
Stock Options for Dummies
http://www.amazon.com/Stock-Options-Dummies-Alan-Simon/dp/076455364X
----
Wikipedia page on Biggs
http://en.wikipedia.org/wiki/Barton_Biggs
----
Jim Cramer
http://en.wikipedia.org/wiki/Jim_Cramer#Selected_controversies
--
Feed2News：从RSS、ATOM上面转载内容到新闻组里面
作者： NewBlue < beyooo (at) GMail (dot) COM >
管理员：流星99 < liuxing99 (at) GMail (dot) COM >
If you’ve read Scott Adams’ financial advice and my financial tips in case you
win a startup lottery, then you might be interested in a few more pointers to good
resources. Some web pages and books: – Don’t Play the Losers’ Game, by Henry
Blodget. This is a short, accessible piece that explains why picking […]
=-=-{内容} =-=-=-=-=-=-=-=-=-=-=-=-=-=-
If you’ve read Scott Adams’ financial adviceScott Adams_ financial advice and
my financial tipsfinancial tips in case you win a startup lottery, then you might
be interested in a few more pointers to good resources. Some web pages and books:
–Don’t Play the Losers’ GameDon_t Play the Losers_ Game, by Henry Blodget. This
is a short, accessible piece that explains why picking individual stocks on Wall
Street is a bad idea for almost anyone.
– Website: the Bogleheads forumthe Bogleheads forum. An incredibly smart group
of people who like to discuss investing, finance, and money. Their investment philosophy
page is pure financial wisdom distilledpure financial wisdom distilled.
–A Random Walk Down Wall StreetA Random Walk Down Wall Street, by Burton Malkiel.
This book is remarkably readable, though it can be dense at times. If you believe
you can pick individual stocks with enough success to beat a diversified portfolio
of low-cost index funds, this is the book you should read to throw a wet blanket
on that belief.
–The Lazy Person’s Guide to InvestingThe Lazy Person_s Guide to Investing, by
Paul B. Farrell. This book will show you how to outperform the majority of active
money managers in just 15 minutes a year. This book is seriously good. If I had
to recommend only a single book, this book might win: it’s a breeze to read, but
it imparts nearly as much wisdom as much denser tomes.
– This is a great description of how Google tried to educate and protect its employeesGoogle
tried to educate and protect its employees before Google’s IPO. You’ll get most
of the idea from the first page. How can you not love an article where a financial
advisor admits “We work in the most overcompensated industry in the country”?
–The Wall Street Self-Defense ManualThe Wall Street Self-Defense Manual, by Henry
Blodget. In many ways, this book is a deeper version of Blodget’s article that
I linked to above. This book is short, readable, and packed with most of the advice
that you need to know.
– If you’re ready to go deeper, consider The Four Pillars of InvestingThe Four
Pillars of Investing, by William Bernstein. You might also check out Bernstein
’s The Intelligent Asset AllocatorThe Intelligent Asset Allocator.
–Rich Dad, Poor DadRich Dad, Poor Dad, by Robert Kiyosaki. This book has its flaws,
but it’s very readable and could be good for teenagers or college students. The
book uses stories to discuss the goal of financial independence via assets that
produce money. I grew up in a family focused on academia, so this book was a good
wake-up call that a lot of people care about money, not just getting a Ph.D.
*Money and Wall Street stories, color, and culture*
– Realistically, I’d recommend almost anything that Michael LewisMichael Lewis
has ever written. His most recent book is Flash BoysFlash Boys and I enjoyed that
story. But I also enjoyed Liar’s Poker, The Big Short, and Boomerang.
A few more to consider:
– Perfectly Legal (rich people get away with lots of tax loopholes)
– Confessions of a Tax Collector (a tale from inside the IRS when the IRS had more
teeth)
There’s also a whole sub-genre of books about rich people:
– Richistan (pretty entertaining)
– The Millionaire Next Door (most millionaires are cheap!)
– Rich Like Them (mostly a bunch of anecdotes from interviews)
*Stock Options*
–Consider Your OptionsConsider Your Options, by Kaye A. Thomas. If you’re joining
a startup that offers stock options, I strongly recommend that you study this book
from cover to cover. It can help you avoid a lot of treacherous mistakes. If you
don’t put in the time to understand your stock options, you might regret it later.
Thomas also has a good book called Capital Gains, Minimal TaxesCapital Gains, Minimal
Taxes that covers the mechanics of a lot of tax issues and logistics for investors.
– I really recommend Consider Your Options as the definitive work, but An Engineer
’s Guide to Silicon Valley StartupsAn Engineer_s Guide to Silicon Valley Startups,
by Piaw Na is very accessible. This book also covers a wide range of skills that
you might need if you want to join a startup. Disclosure: I know Piaw from his time
at Google.
– I have used Stock Options: An Authoritative Guide to Incentive and Nonqualified
Stock OptionsStock Options: An Authoritative Guide to Incentive and Nonqualified
Stock Options as a reference for at least one complicated situation.
– Want to understand stock options at a basic level? Stock Options for DummiesStock
Options for Dummies isn’t too bad.
*Anti-recommendations*
– This won’t be popular, but I just don’t find John C. Bogle’s books very readable.
I agree with him about lots of things, but his books like Don’t Count on it! just
didn’t grab me.
– Hedgehogging, by Barton Biggs. I’m not even going to link to this book–that
’s how angry this book made me. Biggs actually writes stuff like this: “My real
theory is that the investment superstars have some special magic with markets that
enables them almost intuitively to do the right things most of the time.” What
hogwash.
Elsewhere in the book (which lists a copyright date of 2006), Biggs quotes someone
who accurately identifies the housing bubble: “another bubble is about to burst.
Existing home prices have been rising 7% to 8% a year, financed by Fannie and Freddie.
” Then Biggs goes on scoff at the guy, like “Look at this dork, predicting a major
depression due to a housing bubble in the next three years.” The Wikipedia page
on BiggsWikipedia page on Biggs reports that Biggs’ hedge fund was blindsided by
the subsequent global financial crisis. If you want a snapshot of how Wall Street
can suck, then you might want to read this book.
– I’m not a big fan of Jim CramerJim Cramer. If you want to watch Cramer for entertainment
that’s great, but exercise caution on his advice.
– Beating the Street, by Peter Lynch. I just don’t think this book has aged very
well. You can pick up most of what you need from other books. The advice to “invest
in what you know” can be good. However, it also risks becoming “invest in what
’s familiar” instead of doing your homework.
So those are some books and websites that I’ve liked or disliked. How about you
–what books about investing, money, or finance would you add to the list?
-=--=-=-=-=-=-=-=-=-=-=-=-=-=-===---===-=--====-=
-=-{ =-= }-=-
组：cn.edu.lang.english
标签: Books/Magazines
=-={ -=- }=-=
**链接**：
Scott Adams financial advice
https://www.mattcutts.com/blog/scott-adams-financial-advice/
----
financial tips
https://www.mattcutts.com/blog/make-money-investing-tips/
----
Don t Play the Losers Game
http://www.businessinsider.com/finally-some-excellent-investment-advice-2011-12
----
the Bogleheads forum
http://www.bogleheads.org/
----
pure financial wisdom distilled
https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy
----
A Random Walk Down Wall Street
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393340740/
----
The Lazy Person s Guide to Investing
http://www.amazon.com/Lazy-Persons-Guide-Investing-Procrastinators/dp/0446531685
----
Google tried to educate and protect its employees
http://www.modernluxury.com/san-francisco/story/the-best-investment-advice-youll-never-get
----
The Wall Street Self-Defense Manual
http://www.wallstreetselfdefense.com/
----
The Four Pillars of Investing
http://www.amazon.com/The-Four-Pillars-Investing-Portfolio/dp/0071747052
----
The Intelligent Asset Allocator
http://www.amazon.com/The-Intelligent-Asset-Allocator-Portfolio/dp/0071362363
----
Rich Dad, Poor Dad
http://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011
----
Michael Lewis
http://michaellewiswrites.com/index.html#top
----
Flash Boys
http://www.amazon.com/Flash-Boys-Michael-Lewis/dp/0393244660
----
Consider Your Options
http://fairmark.com/books-fairmark-press/consider-your-options/
----
Capital Gains, Minimal Taxes
http://fairmark.com/books-fairmark-press/capital-gains-minimal-taxes/
----
An Engineer s Guide to Silicon Valley Startups
http://books.piaw.net/guide/
----
Stock Options: An Authoritative Guide to Incentive and Nonqualified Stock Options
http://www.amazon.com/exec/obidos/ASIN/0966889924/
----
Stock Options for Dummies
http://www.amazon.com/Stock-Options-Dummies-Alan-Simon/dp/076455364X
----
Wikipedia page on Biggs
http://en.wikipedia.org/wiki/Barton_Biggs
----
Jim Cramer
http://en.wikipedia.org/wiki/Jim_Cramer#Selected_controversies
--
Feed2News：从RSS、ATOM上面转载内容到新闻组里面
作者： NewBlue < beyooo (at) GMail (dot) COM >
管理员：流星99 < liuxing99 (at) GMail (dot) COM >
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