Best Investment Analysis & Strategy
#1 New York Times Bestseller ― With a new Afterword. “Lewis, as always, is exceedingly good at describing the complexities and absurdities of the subculture he portrays here… A deeply entertaining book, and one that illuminates how much our world has changed in less than a decade.”. - Hector Tobar, Los Angeles Times. “Remarkable… Michael Lewis has a spellbinding talent for finding emotional dramas in complex, highly technical subjects.”. - Financial Times. “Michael Lewis is a genius, and his book will give high-frequency trading a much-needed turn under the microscope.”. - Kevin Roose, New York Magazine.
Reviews
Find Best Price at Amazon"But other times when execution really matters, it was all real, the price you were willing to trade at just got shifted permanently right before your eyes and somebody "front-run" you. I learned a while ago, if the first million can't make you happy, that you have to accumulate more, you will never be content. If you have to play the rigged game to add more riches to your money pile that most human beings will never see in their lifetime, I feel sorry for you. Granted, true free market doesn't exist in the financial world (no matter where you look, New York/London/Chicago/Tokyo). Only the naive will expect any market to give all participants the same level of positioning to engage in any transaction. When I show up to buy strawberries, some farmers/dealers have way more information on the supply and demand, and have inventory to reflect their view. For those who deny the unfairness of HFT front-running, either you haven't seen it (which should disqualify you from commenting on this topic) or you are so jaded that you can't see its harm (which begs questions about your integrity)."
"One can get caught up in the epic battle between the "good guys" and the "Big guys" or rather the secret traders and big banks versus those who were trying to make the system transparent."
"Interesting story about automated trading and how some folks tried to beat the market by getting there first."
"High Frequency Traders (HFT), a relatively new market parasite, have combined the technology of high-speed trading and "front running" algorithms to attach themselves to an astonishing percentage of market trades and "rig" the market."
"It is possible that this book helped a close family member avoid an irreversible financial mistake because he thought he was making an error (he did not immediately realize that the system whereby the "regular" guy executes trades is now more rigged than ever before!). Btw, I don't care about the arguments related to this book... My concern was the financial wellbeing of a family member, who is retired and cannot make up a loss over a period of time."
In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. ABCD Pattern Trading Bull Flag Momentum Trading Top Reversal Trading Bottom Reversal Trading Moving Average Trend Trading VWAP Trading Support and Resistance Trading. For each strategy, I explain: How to find the Stock in Play for trade What indicators I am using on my charts When I enter the trade When I exit the trade (profit taking) What is my stop loss. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. I know you will learn much about day trading and the stock market from studying my book.
Reviews
Find Best Price at Amazon"Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important."
"In other words -- the information seemed useful, but I wasn't sure OF the author's genuine intentions (to write a great book, versus suck people in for long-term profits). Aziz offers his readers a few recommendations relative to "tools of the trade," and given this was my first experience with this sort of text -- I was caught off guard by some of what felt like self-promotion from within... Yup, as "good" as CANSLIM has (apparently) proven itself over the years, IBD not only sucked me in -- but they continue to annoy the heck out of me -- AS A PAID SUBSCRIBER -- by constantly inundating me with ads... Her "tools," by the way, are actually pretty useful... My point though, is this: Though these authors (obviously) have something to gain by increasing their follower-ship, they are also simultaneously recommending invaluable resources for ANY "trader" genuinely interested in succeeding in this business. Believe it, or not, the guy (Aziz) would be doing his readers a disservice if he didn't recommend (and/or offer) tools for success... My experiences so far: Chat Room: When I first stumbled into his chatroom, I was caught off guard. I think I was expecting some sort of forum-based venue, where newbie's like me could browse topics of interest, ask redundant questions, and receive "platinum" membership status for posting 1 billion times... And when he (Aziz) loses money on the day, it speaks volumes toward: 1) Everybody is capable of failing, and even a professional trader has risk/reward factors to consider, and 2) he's not pretending to have a "secret sauce" that will guarantee billions of dollars overnight! To be honest, I never imagined I'd put forth any sort of tangible effort into a simulator (it was "beneath me"), but now that I have the experience -- I'm soooooooo glad that I humbled myself, and took his advice! I would also argue that Aziz cuts a lot of unnecessary fluff, and focuses on providing advice that actually works; rather than just including pages of theory in an attempt to convince us of his acumen. I'm now thankful that Aziz made it a point to help guys like me consider the "big picture" ---- while holding our hand(s) along the journey ---- before my accounts were wiped away like an open bag of leaves on a gusty day!"
"However, it is very easy to ignore the book's warnings and advice when you are actually trading, which is why practice in a simulator is crucial (as the author points out repetitively)."
"This book provides a great foundation to not just learning the charts and strategies, but also the psychology."
"It gives you the essence of day trading in a really small package and easy to understand."
"Good audio book."
"Best book on day trading I have ever read."
This clear, concise, and accessible guide from two industry insiders shows you how to navigate this brave new blockchain world―and how to invest in these emerging assets to secure your financial future. In addition to offering smart investment strategies, this authoritative resource will help you understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution. By sequentially building on the concepts of each prior chapter, the book will provide you with a full understanding of the cryptoasset economy and the opportunities that await the innovative investor . “As we hurtle into a new, decentralized economy, Burniske and Tatar have laid down something of immense importance: a coherent logic, a new science even, for investing in the assets that will define that coming world.”. “In this sweeping and lucid work, Burniske and Tatar make a compelling case that cryptoassets are foundational to the second generation of the Internet and represent a once-in-a-generation opportunity for the innovative investor. ―Ric Edelman, three-time #1 Independent Financial Advisor ( Barron’s ) and New York Times bestselling author of The Truth About Your Future. Cryptoassets is an excellent introduction to this breakthrough in technology and finance, and a tremendous resource for those eager to get their heads around what can be a daunting and complex subject.”. Chris Burniske and Jack Tatar give the most compelling case for why, with sharp, detailed analysis that reflects their deep understanding of the technology and their strong finance background. The authors surface many historical examples to remind us that in times of excitement, it is even more important to pay attention to the teams and talent behind each project.”. “ Cryptoassets is a must-read for all financial services executives and investors who want to understand the fundamentals and future directions of this burgeoning, new asset class. Within this book, they’ve rolled up their sleeves to provide helpful historical context and a valuation framework that readers will find intellectually stimulating and illuminating for understanding this rapidly emerging world of cryptoassets.”. Cryptoassets explains, in simple to understand terms, the full paradigm of Bitcoin and its successor currencies, and it provides everything needed to explore this exciting world.”. Cryptoassets makes blockchains accessible to the nontechnical by exploring their varied origin stories, use cases, and fundamental value. “Young, Stanford-trained, blockchain analyst and investor Chris Burniske has teamed up with financial planning expert and author Jack Tatar to provide the first comprehensive guide to understanding the fastest growing, most exciting asset class under the sun. “While the cryptoasset space has witnessed exponential growth, to achieve its full potential, it has to be broadly integrated into the real world. With consistent objectivity and clarity, Chris and Jack’s book details cryptoassets as an asset class, and will prove influential in driving institutional investor adoption of this groundbreaking opportunity.”. “ Cryptoassets provides a great introduction to and overview of the young yet rapidly growing universe of all things blockchain. This industry, asset class, and overall idea will make you ponder why abstract concepts like money, identity, and business function like they do in the world today, and how the innovation we’re seeing will completely reshape the economy of tomorrow. From setting the stage to diving into specific protocols and projects to sharing practical knowledge on how to invest in these emerging assets, Chris and Jack’s combination of expertise and familiarity with the complex topics at hand are testament to why I have considered them some of the best resources throughout my journey of falling deeper and deeper down the crypto rabbit hole.”. It’s not a hard read yet delves into much of the detail needed for a complete understanding of the benefits, and risks, of bitcoin, blockchain, and more. I’d totally recommend it to anyone who wants to dive into investing and understanding how cryptoassets will shape the future of society and the creation of value.”. “Those of us who work in the blockchain industry have long realized that the rise of cryptocurrencies as a legitimate asset class was inevitable. Chris was the first buy-side analyst to focus exclusively on this emerging asset class, and Jack was one of the earliest financial journalists to stress its importance. Now, with Cryptoassets , they describe, as nobody has before, why every investor should incorporate bitcoin, ether, and new blockchain-based assets into their portfolios, and how to analyze these tokens in order to make the right investments.”. The authors capture not only the technical and market analysis you need to know to invest in these projects but also the ethos and excitement of the people pushing this envelope. The book provides background and the potential impacts of ICOs, offering insightful knowledge to both those entering the space and experienced investors like myself. The book covers the full potential and array of what this technology offers in piercing the veil to an Internet of value with all the new innovations and crossovers from the traditional realm of finance. Chris and Jack have brought a wealth of knowledge and cross-disciplinary methods to bear from their respective fields and broken new ground in their analysis of this exciting new space.”. Burniske and Tatar are able to leverage their deep industry experience to condense a complex, continually evolving topic into a concise and informative guide for investors looking to be on the cutting edge of a new asset class. “In a world where issuing digital assets becomes as easy as creating a website, Chris and Jack provide a comprehensive guide that will help you separate the wheat from the chaff.”. “As we enter the next great evolution in global financial markets, Chris Burniske and Jack Tatar have authored a unique and much needed volume. The book adapts classic finance pricing models to the challenging task of valuing cryptoassets, offering the reader a solid headstart to investing in this new exciting asset class.”. You’ll learn about their colorful histories, how to apply fundamental valuation techniques, and practical tips to navigate the at-times turbulent markets.”. For curious minds who want to know about emerging technologies or even those who already have an understanding of blockchains, Chris and Jack leave no stone unturned. Chris Burniske and Jack Tatar steer the reader through a torrent of unknowns, illuminating the complicated world of cryptoassets and their underlying technology, which will more than likely become our generation’s most important innovation.”. “A must-read to appreciate the Bitcoin network effect and the wave of innovation that it launched through the community of people who played critical roles in creating all the distributed ecosystems that are transforming business models.”.
Reviews
Find Best Price at Amazon"They cover the good, bad, and ugly of bitcoin’s history and bring us into the present world of decentralized applications. The examples include bitcoin, Litecoin, Ripple, Dogecoin, Dash, Monero, Zcash, Ethereum, Auger, dApps in general. They paint a realistic picture of the landscape and give fair warning to those that may embark on a ride of the cryptoasset roller coaster. The authors provide an analysis and valuation framework that lays out the elements to look for and analyze when deciding on weather or not an investment would be worth it. I have added 2 pictures to the review to show you there is a lot of things you’ll want to recall as you go through your journey."
"If you are looking for a fundamental analysis system and more info on crypto before you get in, this is a book for you."
"The book wisely uses textbook features including headings; sidebars; labeled diagrams; charts and graphs; resources, notes and large index; and maps. The history of this surprisingly (to me) large knowledge domain is presented in the most succinct and straightforward manner. But it's way to long to have been a mere essay, and hence we have the first justification for getting the book rather than picking up information piecemeal. Next the text discusses returns on bitcoin and inclusion of cryptoassets in a financial portfolio."
"Well thought out well written piece of literature on a once in a lifetime genre."
"This book is a most-read for anyone who wants to invest in Crypto assets."
"A great introduction to crypto."
"Great and thorough book!"
"A recommended read for an understanding of this sector!"
Best Business Mathematics
Written by renowned data science experts Foster Provost and Tom Fawcett, Data Science for Business introduces the fundamental principles of data science, and walks you through the "data-analytic thinking" necessary for extracting useful knowledge and business value from the data you collect.
Reviews
Find Best Price at Amazon"- It is *not* your standard "management" title on the cool tech du jour available at airport stands and meant to be read in one sitting (buzzwords, hype and overly enthusiastic statements making up for the dearth of actual content)."
"Example : A leading Trucking company used Data mining skill to predict which part of the truck is going to break next instead of replacing it at specific intervals, a Leading insurer predicted those who will complete their antibiotic course based on their home ownership history. If this type of stories and scope interests you, read the book "Big Data: A Revolution That Will Transform How We Live, Work, and Think". It is a text book and authors have taken lot of care so general audience can also benefit from it, and also not to dilute it's textbook value. When you are finished with the book, you should have a fairly good understanding of data science, For example, what type of analysis that needs to be done to identify. A. ( When the target is clear, if the person will default on his loan). E. What is the significance of entropy in Data Science ? G. Don't get defensive, be comfortable when your colleague sprinkles words like like Classification ,regression, Similarity Matching, Clustering, Modelling, Entropy etc. You can get real life examples to work on in coursesolve dot org ( ex: Analyze the sleep cycle). 4. I signed up for Amazon elastic map reduce which has a higher level abstraction (for developers it is the difference between using sqlplus vs TOAD). Try to be the "umbilical cord that looks for a stomach to plug ", look for a mentor, look for opportunity in your firm or elsewhere to grow your Data scientist skills."
"The institution strategy and goals need to be reflected in the procedures used to analyse the data base of the institution and the determination as to what data is relevant."
"I appreciated the accessibility and plain English - albeit thorough - writing (from the perspective of a person who is self-taught in data science and sometimes less acquainted with the terminology)."
"Strengths – Organization, having technical details in a side by side section for those who want it, covering details from definition, through use and application, as well as doing a good job explaining similarities and differences on key topics."
Best Investment Portfolio Management
Antonacci reveals how momentum investors could have achieved long-run returns nearly twice as high as the stock market over the past 40 years, while avoiding or minimizing bear market losses--and he provides the information and insight investors need to achieve such success going forward. * Lock in profits and mitigate risk with a minimal number of switches per year among U.S. equities, non-U.S. equities, and bonds. * Establish meaningful control over investment risk once an asset's value begins to decline. * Remove emotional and behavioral biases from your decision-making,while taking advantage of. these same biases in others to achieve exceptional returns. From picking a cost-effective brokerage firm, to making asset choices, to customizing your strategy as you near retirement--this reliable guide helps you do it all with the confidence you'll gain through repeated success.
Reviews
Find Best Price at Amazon"This is a top shelf investment book. But the body of the book is written in plain english, putting building block upon building block, making the case that momentum should be a part of your investment arsenal, until you are ready for the investment models at the end."
"The author does a fantastic job walking through the background of index investing along with tasteful critiques of traditional academic financial theory."
"I've read the classics on investing - the books that are supposed to be the best (The Intelligent Investor, Common Stocks and Uncommon Profits, How to Make Money in Stocks, etc.)."
"The first thing to note with this investment book, is the author doesn't seem intent on up selling anything besides what he gets for the book."
"I've read a number of books about factor investing and Dual Momentum Investing by Gary Antonacci is great."
"It gives great background and historical information on investments."
"It is clearly written, well documented, and dispels many myths of investing."
"My eyes tend to glaze over with the technical jargon, but my brother recommended this book to me, and from his description, I felt it was a must read."
Best Real Estate Investments
Three concepts that drive production Economic, organizational, and lead generation models that are the foundations of any high-achiever's business How to "Earn a Million," "Net a Million," and "Receive a Million" in annual income. "Hundreds of people who have attended The Millionaire Real Estate Agent seminars have all asked Dave and me the same thingwhen will The Millionaire Real Estate Agent be available in audiobook form?"
Reviews
Find Best Price at Amazon"Helped me well with my Real Estate business this year."
"Informative and interesting read."
"Well written and excellent advise."
"I've read this book four times."
"Gary Keller tried his best to give advice and guidance to newbies, ameteur or even master!"
"Great how to for real estate professionalservices, regardless of experience."
"Very good book explains things well and gives great ways on how to net a million."
Best Derivatives Investments
He had left a cushy yet suffocating job at a law firm to try his hand at the high-risk life of a proprietary trader and he did pretty well for himself. The lion’s share of Confessions of a Wall Street Insider was written while Kimelman was an inmate at Lewisburg Penitentiary. Skyhorse Publishing, along with our Arcade, Good Books, Sports Publishing, and Yucca imprints, is proud to publish a broad range of biographies, autobiographies, and memoirs. In this disturbing and cautionary tale from the inner sanctums of Wall Street to Federal prison, Kimelman ultimately tells a singular and riveting tale of survival and endurance.” - Gerald Posner , author of God's Bankers: A History of Money and Power at the Vatican. "If you like wild rides, you'll love Confessions of a Wall Street Insider , Michael Kimelman's gripping, well-written, memoir of his incredible journey from an associate at the tony law firm Sullivan & Cromwell to the lunacy of day trading, and into the great beyond of Wall Street hedge funds. If you work on Wall Street, you owe it to yourself to take a read about the risks you take on when you go to work each day.
Reviews
Find Best Price at Amazon"In theory, some traders are better than others and riding the winners creates large income and this attorney after a somewhat promising trading career sets up a trading operation to seek his fortune. The scale of wealth we are talking about is this trader had not made more than $400,000 in his career so this is not heavy Wall Street money. But some of his traders were piggybacking other trading operations and some traders best talent was taking information that turned out to be purported inside information."
"From the moment the FBI is pounding on his door to the visits with his Mom, Dad and 3 young children while he's in prison to the moment in the car where his marriage basically ended, you feel as though you are right there with him."
"Was there no sense of decency on the part of the gov't to storm his house in the early hours and frighten his three little children and wife."
"He writes with Passion and Emotion, yet it is a good read and gives us insights into Wall Street, the Courts and his Personal life.."
"I know it is just one side of the story, but still it scares me that prosecutors could send jail and innocent person with the means to hire good lawyers (not that he actually got one)."
"An enlightening insider's perspective on the hedge fund industry, but also a compelling story of a man suddenly caught in a nightmare, facing the destruction of his finances and reputation."
"Wow, a non-stop thrill ride written from an amazingly smart, vulnerable, and honest perspective!"
"I read this book in one afternoon."
Best Stock Market Investing
In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. ABCD Pattern Trading Bull Flag Momentum Trading Top Reversal Trading Bottom Reversal Trading Moving Average Trend Trading VWAP Trading Support and Resistance Trading. For each strategy, I explain: How to find the Stock in Play for trade What indicators I am using on my charts When I enter the trade When I exit the trade (profit taking) What is my stop loss. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. I know you will learn much about day trading and the stock market from studying my book.
Reviews
Find Best Price at Amazon"Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important."
"In other words -- the information seemed useful, but I wasn't sure OF the author's genuine intentions (to write a great book, versus suck people in for long-term profits). Aziz offers his readers a few recommendations relative to "tools of the trade," and given this was my first experience with this sort of text -- I was caught off guard by some of what felt like self-promotion from within... Yup, as "good" as CANSLIM has (apparently) proven itself over the years, IBD not only sucked me in -- but they continue to annoy the heck out of me -- AS A PAID SUBSCRIBER -- by constantly inundating me with ads... Her "tools," by the way, are actually pretty useful... My point though, is this: Though these authors (obviously) have something to gain by increasing their follower-ship, they are also simultaneously recommending invaluable resources for ANY "trader" genuinely interested in succeeding in this business. Believe it, or not, the guy (Aziz) would be doing his readers a disservice if he didn't recommend (and/or offer) tools for success... My experiences so far: Chat Room: When I first stumbled into his chatroom, I was caught off guard. I think I was expecting some sort of forum-based venue, where newbie's like me could browse topics of interest, ask redundant questions, and receive "platinum" membership status for posting 1 billion times... And when he (Aziz) loses money on the day, it speaks volumes toward: 1) Everybody is capable of failing, and even a professional trader has risk/reward factors to consider, and 2) he's not pretending to have a "secret sauce" that will guarantee billions of dollars overnight! To be honest, I never imagined I'd put forth any sort of tangible effort into a simulator (it was "beneath me"), but now that I have the experience -- I'm soooooooo glad that I humbled myself, and took his advice! I would also argue that Aziz cuts a lot of unnecessary fluff, and focuses on providing advice that actually works; rather than just including pages of theory in an attempt to convince us of his acumen. I'm now thankful that Aziz made it a point to help guys like me consider the "big picture" ---- while holding our hand(s) along the journey ---- before my accounts were wiped away like an open bag of leaves on a gusty day!"
"Hi, This is my first read on Day trading and I find this to be an excellent foundation to build upon your a trading career."
"It is a well written and concise book for beginners."
"this book defines stock market and investment in general as saving and having a profit over time."
"Shows basics and strategies needed to understand what you are getting yourself into."
"This book will cover the most important concepts and basic strategies and not be overly technical."
"When I started reading this book I had little to no real understanding about day trading."
Best Introduction to Investing
While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles. Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor , offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends.
Reviews
Find Best Price at Amazon"If you are not a professional - you'll appreciate the commentaries and epilogue - read it first? Several rules of thumbs I noted into my keep: - Investor buys the business [based on its price/value], speculator buys the stock [based on an absurd believe that he can foresee where the stock price will go]. Thus, invest in such old economy companies while bubble grows, as soon as the bubble burst - undervalued companies would rise back. Dividends - money firm pays you for providing capital, they belong to you."
"Not only will you get superb financial advice, but also an outstanding piece of literature written by a brilliant mind. In an illustrative contrast between the two men, while Graham might show what he thinks about a certain Wall Street practice with a sardonic quote from classical literature, Zweig disparages IPOs by showing us how many silly phrases he can think up to stand for the acronym."
"It is not a 101 guide to the basics of the stock market, but even if you go into this book with little to no knowledge of the stock market, it is informative enough that if you are intuitive, you can learn (by deduction) about investing."
"Very good that one book all information available for investor."
"New and seal in plastic wrap."
"Difficult for me to follow."
"The original text was updated in 1972 by Graham and then Jason Zweig adds his commentary in 2003 to relate to the changes at that time."
"No complaints of the book itself, but the Kindle edition of it is bad."
Best Bonds Investing
From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune. With this as a metaphor, Lewis describes his four years with the Wall Street firm Salomon Brothers, from his bizarre hiring through the training program to his years as a successful bond trader.
Reviews
Find Best Price at Amazon"Michael Lewis provides a well-written account of the tumult of the crash of 1987, prefaced by revealing how the successes leading up to the crash were manifest in the earnings & personalities of the participants."
"It's like the movie Wallstreet but for bond traders."
"One of the ways to make a great contribution to your investment firm is to "jam" a customer. Liar's Poker gives an impression of Wall Street as a place where lasting friendships are rarely formed. Lewis explained what went on behind the scenes to make certain bond markets (Treasuries) so incredibly liquid."
"I got it because of interest in the field and because I thought it would be similar to "Bringing Down the House" which was funny in parts and gave me an insight to the gambling world."
"Author is skilled in writing to the uninitiated like me."
"I liked Michael Lewis’ book “The Big Short”, so I decided to read his earlier book “Liars Poker”."
"Here are a few excerpts I found poignant (Any emphasis is mine): "The thrifts paid a fee to have their mortgages guaranteed. The shakier the loans, the larger the fee a thrift had to pay to get its mortgages stamped by one of the agencies. The principle underlying the programs was that these agencies could better assess and charge for credit quality than individual investors." You'll laugh, you'll cry - yet you cannot deny - Michael Lewis remains on of America's literary greats."
"But I thought Lewis skimped on the details of how this the MBS market functioned, why Salomon so dominated, and why other companies could not compete."
Best Mutual Funds Investing
Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a “Backdoor Roth IRA” and “Stealth IRA” to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation. “Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research.” – William J. Bernstein, MD , Author of The Investor’s Manifesto and seven other investing books. As a medical resident, he grew tired of being ripped off by unscrupulous financial professionals including mutual fund salesmen, insurance agents, realtors, mortgage lenders, and stock brokers and began educating himself on the ins and outs of personal finance and investing. Now he shares his wisdom with medical students, residents, physicians, dentists and similar high income professionals so they can free themselves from debt, quit worrying about money, build wealth, live “the good life,” and get back to practicing medicine on their own terms.
Reviews
Find Best Price at Amazon"All premed students should read this book!"
"this book is pretty simple but it does a good job of introducing key concepts and providing insight into the specific financial pressures of healthcare."
"Unfortunately, physicians and high-income professionals can be susceptible to unscrupulous sales tactics due to a lack of financial education and money management."
"Seems to be a must-read for physicians in investing."
"As described on the whitecoatinvestor.com, this book is a great introduction for those of you interested in getting up to speed on the basics."
"Definitely recommend this book to medical/dental students."
"I really appreciate how this book focuses on how you can really mess things up, and how to avoid doing those things."
"A great overview of personal (& some business) finances and investing, especially for physicians."
Best Options Trading
This new edition of Understanding Options provides all the basics you need to get started in the increasingly popular options market. Michael Sincere is a full-time columnist, writer, and author of numerous books, including Understanding Stocks and All About Market Indicators.
Reviews
Find Best Price at Amazon"I read Sincere's first edition of this book years ago - and never bothered much with options, Certainly not the more advanced strategies. This edition I bought electronic - easy to read and many links are included which make it nicer to move within the volume to various topics."
"It's a good book to have a general understanding of option trading."
"This book was informative, author was somewhat conservative to write on options."
"Very good book to get your feet wet on Options."
"A good read for those interested in learning about options trading."
"This author doesn't really believe that anyone but pros should be trading any strategies except for covered calls."
Best Futures Trading
In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. ABCD Pattern Trading Bull Flag Momentum Trading Top Reversal Trading Bottom Reversal Trading Moving Average Trend Trading VWAP Trading Support and Resistance Trading. For each strategy, I explain: How to find the Stock in Play for trade What indicators I am using on my charts When I enter the trade When I exit the trade (profit taking) What is my stop loss. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. I know you will learn much about day trading and the stock market from studying my book.
Reviews
Find Best Price at Amazon"Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important."
"In other words -- the information seemed useful, but I wasn't sure OF the author's genuine intentions (to write a great book, versus suck people in for long-term profits). Aziz offers his readers a few recommendations relative to "tools of the trade," and given this was my first experience with this sort of text -- I was caught off guard by some of what felt like self-promotion from within... Yup, as "good" as CANSLIM has (apparently) proven itself over the years, IBD not only sucked me in -- but they continue to annoy the heck out of me -- AS A PAID SUBSCRIBER -- by constantly inundating me with ads... Her "tools," by the way, are actually pretty useful... My point though, is this: Though these authors (obviously) have something to gain by increasing their follower-ship, they are also simultaneously recommending invaluable resources for ANY "trader" genuinely interested in succeeding in this business. Believe it, or not, the guy (Aziz) would be doing his readers a disservice if he didn't recommend (and/or offer) tools for success... My experiences so far: Chat Room: When I first stumbled into his chatroom, I was caught off guard. I think I was expecting some sort of forum-based venue, where newbie's like me could browse topics of interest, ask redundant questions, and receive "platinum" membership status for posting 1 billion times... And when he (Aziz) loses money on the day, it speaks volumes toward: 1) Everybody is capable of failing, and even a professional trader has risk/reward factors to consider, and 2) he's not pretending to have a "secret sauce" that will guarantee billions of dollars overnight! To be honest, I never imagined I'd put forth any sort of tangible effort into a simulator (it was "beneath me"), but now that I have the experience -- I'm soooooooo glad that I humbled myself, and took his advice! I would also argue that Aziz cuts a lot of unnecessary fluff, and focuses on providing advice that actually works; rather than just including pages of theory in an attempt to convince us of his acumen. I'm now thankful that Aziz made it a point to help guys like me consider the "big picture" ---- while holding our hand(s) along the journey ---- before my accounts were wiped away like an open bag of leaves on a gusty day!"
"Hi, This is my first read on Day trading and I find this to be an excellent foundation to build upon your a trading career."
"It is a well written and concise book for beginners."
"this book defines stock market and investment in general as saving and having a profit over time."
"Shows basics and strategies needed to understand what you are getting yourself into."
"This book will cover the most important concepts and basic strategies and not be overly technical."
"When I started reading this book I had little to no real understanding about day trading."
Best Online Trading E-commerce
In the book, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day. ABCD Pattern Trading Bull Flag Momentum Trading Top Reversal Trading Bottom Reversal Trading Moving Average Trend Trading VWAP Trading Support and Resistance Trading. For each strategy, I explain: How to find the Stock in Play for trade What indicators I am using on my charts When I enter the trade When I exit the trade (profit taking) What is my stop loss. To be successful at day trading you need the right tools and you need to be motivated, to work hard, and to persevere. At the beginning of my trading career, a pharmaceutical company announced some positive results for one of its drugs and its stock jumped from $1 to over $55 in just two days. As such, I wake up early, go for a run, take a shower, get dressed, eat breakfast, and fire up my trading station before the markets open in New York. I am motivated when I sit down and start working on the list of stocks I will watch that day. This morning routine has tremendously helped my mental preparation for coming into the market. Whatever your routine is, starting the morning in a similar fashion will pay invaluable dividends. Sitting at your computer in your pajamas or underwear does not put you in the right mindset to attack the market. In this book, I use simple and easy to understand words to explain the strategies and concepts you need to know to launch yourself into day trading on the stock market. This book is definitely NOT a difficult, technical, hard to understand, complicated and complex guide to the stock market. I know you will learn much about day trading and the stock market from studying my book.
Reviews
Find Best Price at Amazon"Scanning for stocks in play and trading unknown stocks is an approach I have resisted for my entire career but I think I have to go there now. There is also good information on other topics for real beginners such as the importance of risk management, emotional control which are important."
"In other words -- the information seemed useful, but I wasn't sure OF the author's genuine intentions (to write a great book, versus suck people in for long-term profits). Aziz offers his readers a few recommendations relative to "tools of the trade," and given this was my first experience with this sort of text -- I was caught off guard by some of what felt like self-promotion from within... Yup, as "good" as CANSLIM has (apparently) proven itself over the years, IBD not only sucked me in -- but they continue to annoy the heck out of me -- AS A PAID SUBSCRIBER -- by constantly inundating me with ads... Her "tools," by the way, are actually pretty useful... My point though, is this: Though these authors (obviously) have something to gain by increasing their follower-ship, they are also simultaneously recommending invaluable resources for ANY "trader" genuinely interested in succeeding in this business. Believe it, or not, the guy (Aziz) would be doing his readers a disservice if he didn't recommend (and/or offer) tools for success... My experiences so far: Chat Room: When I first stumbled into his chatroom, I was caught off guard. I think I was expecting some sort of forum-based venue, where newbie's like me could browse topics of interest, ask redundant questions, and receive "platinum" membership status for posting 1 billion times... And when he (Aziz) loses money on the day, it speaks volumes toward: 1) Everybody is capable of failing, and even a professional trader has risk/reward factors to consider, and 2) he's not pretending to have a "secret sauce" that will guarantee billions of dollars overnight! To be honest, I never imagined I'd put forth any sort of tangible effort into a simulator (it was "beneath me"), but now that I have the experience -- I'm soooooooo glad that I humbled myself, and took his advice! I would also argue that Aziz cuts a lot of unnecessary fluff, and focuses on providing advice that actually works; rather than just including pages of theory in an attempt to convince us of his acumen. I'm now thankful that Aziz made it a point to help guys like me consider the "big picture" ---- while holding our hand(s) along the journey ---- before my accounts were wiped away like an open bag of leaves on a gusty day!"
"This book will cover the most important concepts and basic strategies and not be overly technical."
"When I started reading this book I had little to no real understanding about day trading."
"Probably the best, most concise book I've read on day trading."
"I've bought various books on the topic of day trading, but most of them are overly complicated and misinformed."
"The terminologies are simple and the concepts are written for easy understanding with many real life trading examples."
"He is realistic: never promising a career of trading for a few hours a week while lounging in a beach hammock and reminding the user that anything short of months of simulator work will prohibit success."
Best Commodities Trading
From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. He is the author of The Visual Investor and Intermarket Technical Analysis .
Reviews
Find Best Price at Amazon"The real Bull Trap is covered in Chapter 5 and can also be dangerous."
"What the book book contains about the psychological underpinnings of technical analysis is intriguing, but there ain't much -- just a couple of paragraphs!"
"This book has some boring stuff, but if you want iformation about how the markets work and some good tips on what to look out for when trying to invest, along with detailed information on charts, then this book has it."
"if you want to know about technical analysis, i preferred to use this book."
"Very comprehensive book."
"After reading this book my curiosity to technical analysis went up big time and I started reading a lot about technical analysis, you can see the rest my books in my reviews."
"See the comments on the Study Guide....."
"I was looking for a book that would give me a solid foundation in technical analysis and after having read it I now understand why it is a classic."