Book Summaries and Project Management
Tag: Investing
I love the unique perspective this book has on personal finance and investing. The way Morgan approaches the subject from a psychological perspective instead of analytical is refreshing. This is one of the best books I have read this year and I have recommended it to several friends.
The concepts in The Manual of Ideas are primarily for sophisticated and enterprising investors. Each chapter contains a different investing idea, they can be read in any order and don't require reading the entire book. I recommend skipping around and reading the chapters that appeal to you.
Howard Marks is one of my favorite writers on investing and I enjoy reading his memos throughout the year. Mastering the Market Cycle has insights for learning to see the big picture in the economy and investing.
The purpose of the book is to introduce investors to investing in dividend stocks using the author's 10-11-12 system. There are several good concepts and ideas in the book, I learned a lot from it.
Warren Buffett has said The Intelligent Investor is one of the best books available on investing. I've wanted to read it for some time and I'm glad I finally did. It covers a lot of ground and is a great resource for any investor.
Howard Marks is one of my favorite writers on investing. This book is a compilation of many of his memos organized into 19 "most important" concepts. These insights are especially relevant today because of what is happening in the economy and the stock market.
The most important message of the book according to the author, Guy Spier. Nothing matters as much as bringing the right people into your life. They will teach you everything you need to know.
There is a lot to like about this book. It has good storytelling and gives a broad overview of various types of investing and investing philosophies. The overarching theme is learning not to lose money, and having a written plan in place before investing.
Charlie Munger wrote a letter containing this list of Warren Buffett's eight reserved activities. My favorite one is: "His first priority would be reservation of much time for quiet reading and thinking, particularly that which might advance his determined learning, no matter how old he became." The post contains a list of all eight.
The Richest Man in Babylon is written in story form; fun to read and easy to understand regardless of your financial education. It's a concise book and hard to put down once you start reading. The key concept is "Money is plentiful for those who understand the simple laws which govern its acquisition."