Sorry folks for not blogging sooner. I have some insights to the market, but right now I am recovering from a vicious bout of food poisoning. In the past six years I have had four food poisoning’s and three times it was from sandwiches that I bought while driving. You would think it is a problem specific to a store or country. Nope, not at all, I bought bad sandwich’s in Canada, Austria, and Germany. What was common between them all? It was the meat that went bad. (Go vegans go?)
Ok to the topic, and the book review of When Genius Failed. I was recommended this book on CNBC Power Lunch Europe by a professional trader when I asked the question, “I understand the theory behind options, pricing, hedging, Greeks, and have read the classics like Hull, but I am wondering what books I should read to implement a hedging strategy as I do not have access to professional traders?” The trader’s answer was interesting in that he said, “What you need is experience and therefore the books you should buy are Hedge Hogging (which I read), Liars Poker, or When Genius Failed.
The following is a paid review…
Finance Markets is a blog written by some folks across the pond. Despite an understandable bias towards European news and posting prices in British pounds, the blog is applicable to investors everywhere.
The Finance Markets blog is updated a lot. There are about 3-6 posts every day, most of which come from one Elaine Frei. The posts cover a familiar range of finance topics from “Economy” to “Investments” to “Property“. There are also some “personal finance topics” like “Insurance“, “Loans“, and “Banking“.
The writing is generally good and much more professional than your typical blog. In fact, I might say that the posts are a bit too professional. There is a bit of a lack of character to the entries. The lack of a way for users to comment on a post don’t help this.
Still I’d say the site is worth a look. Browse around for topics that interest you and you might learn a thing or too. This blog would be especially useful if you are interested in getting a European view of the market. There are daily recaps of the action in the US markets, with citations from some sources that might not be on your reading list.
I am going to review the two books; Profit From Uranium and Profit from China. I want to structure my review in three parts, initial, reading it, and digested the information.
Initial: When I first received the books I looked at them and thought, huh that’s it! Fifty pages and about a third are “don’t do this or that.” Let me say that I was a bit disappointed and had some very low expectations. But I guess one should never judge a book by its cover, or page count. 😉
The following is a paid review. See the notes at the bottom for more information.
Looking for a place to store your hard earned (or not so hard earned) money? Savings-Accounts.com is site that shows the interest rates available at the most popular US banks.
According to the list, HSBC is the best bet with a 6% rate on “new money”. But hurry, you only have until April 30th to get the “promotional rate”. Bank of America and E*Trade are also decent with 5.1% and 5.05% repspectively. Your corner banks like Wachovia and Wells Fargo are offering just 0.25% and 0.50% respectively. The worst offer on the list is Key Bank, with a pitiful 0.15%.
I was going to write an individual post reviewing in depth each of the six books listed below. But since I’m a bad citizen and have given in to the fact that I will never find enough time to do so, I’m going to give a quick review for each of them here. So in the order I’ve read them…
Included are reviews of:
TheBuyList.com is a nice, simple website with just one purpose: to show you if mutual funds are trading the stocks you’re tracking.
Just enter a ticker and click a button. You’ll be shown a table of “recent” transactions of that stock made by “the top rated mutual funds”. The table shows you how many shares were bought or sold, the name and ticker of the fund, and the general “family” of fund.
Wiley is trying to turn their hit Little Book that Beats the Market (discussion, Amazon.com) into a series: Little Book Big Profits. The second book in the series, The Little Book of Value Investing, is written by Christopher H. Browne and focused on value investing.
While Browne obviously has the pedigree and experience to write a book on value investing, the lack of practical examples ruins the potential of the book. The basics of the value investing philosophy are presented well and in a way that is easy to read. However, the author seems more interested in convincing the reader into buying into value-based mutual funds than teaching us how to become value investors on our own. The book would be good for current value investors looking for more arguments against market timing and day trading strategies. Aspiring value investors will have to go elsewhere for instruction, though The Little Book of Value Investing may be a good, light start for readers new to the concept of value investing.
It doesn’t have to get all hot and heavy and technical here on InvestorGeeks all the time! If you tell me an investor with good temperament needs a serious attitude every second, I’ll counter that by saying sometimes you really need to let loose and have fun! Even Warren Buffett gets crazy once in a while; even if his idea of crazy fun may be playing a ukelele, playing bridge or eating Dairy Queen ice-cream.
Investing should be an enjoyable experience, perhaps even fun for you! This is NOT the first time that InvestorGeeks have reviewed sites that try to bring to fun into stock picking with social websites. But I don’t believe my fellow InvestorGeeks have reviewed Motley Fools CAPS; which I believe is on the right track to injecting some fun into a mundane task.
What a treat for investors or business owners! I wish I had this book when I started my first business – it would have certainly sped up my learning process at the time. And for investors who want a good solid background on reading financial statements, it’s hard to imagine a better introduction.
By the time I was 20 years of age I knew about Benjamin Graham, Warren Buffett and Philip Fisher and was a big fan of Malcolm Forbes Sr.. I would do spreadsheets by hand and can you believe it on paper! It was not until 1990 that I converted to my first PC so I had a good 15 years of reading books in order to learn my trade.