Sublime
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Morgan Housel • The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
It is not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges.
Burton G. Malkiel • A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)
Recently, he had read an investment bible by the Fidelity fund manager Peter Lynch that described how to identify potential 10x bets. “Stalking the Tenbagger,” Lynch called this process.[18] The way Lynch explained things, if you liked a stock but other professional investors did not own it, this was a good sign; when the others woke up, their enth
... See moreSebastian Mallaby • The Power Law: Venture Capital and the Making of the New Future
Rule 2: A rational investor should pay a higher price for a share, other things equal, the larger the proportion of a company’s earnings paid out in cash dividends or used to buy back stock.
Burton G. Malkiel • A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition)
As for stocks, I like Peter Lynch’s book Beating the Street for his formula for selecting stocks that grow in value.
Robert T. Kiyosaki • Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!
This suggests a far more sophisticated understanding of “the risk/reward trade-off” and “the equity premium” than is generally accepted in the realm of modern portfolio theory, and, by extension, the EMH: Bonds are likely to get a lower return than stocks not because they are less “risky” (which in that context is even more questionably interpreted
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