Reminiscences of a Stock Operator
Sep10

Reminiscences of a Stock Operator

Edward Lefevre’s Reminiscences of a Stock Operator is a classic in all senses. Well, in a few. I can base my classic label on the extensive research I’ve done through reading an online Miriam Webster dictionary entry. First of all, the book serves as a standard of excellence in literary work. It is also enduring, since the story is still entertaining and educational now. It’s historically memorable, being that it was...

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Mike Warren’s, How to Make 37%
Jul15

Mike Warren’s, How to Make 37%

I’ve just finished reading How To Make 37% (Tax-Free) Without the Stock Market, by Mike Warren. It’s a nice, fast read. Mike Warren explains the concept of buying judgement liens and collecting on those liens when the property the lien is on gets sold. Thats an oversimplification of course, but its a sharp way to make money. Warren also discusses interest, retirement funds,forming a business, and a few other things, while...

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Audio Books: Useful multitasking tools
Jul05

Audio Books: Useful multitasking tools

Generally, I find multitasking to be a waste of time. In my experience, you end up with several unfinished tasks, or a few poorly done ones. A few years back I discovered a multitasking tool that I can get behind, audio books. I’ve been able to get through quite a few books on trading, finance, philosophy, history, fiction, you name it, by listening to a lot of them. I think the first book I ever listened to was on economics....

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Trading in The Zone, by Mark Douglas
Oct29

Trading in The Zone, by Mark Douglas

Trading in the Zone[i] in an excellent book on the topic of discipline in trading. It introduces the importance of setting goals and exit strategies before entering a trade so that you’ll have a plan in place for when things start to “get real.” Mark Douglas addresses psychological impulses and issues that must be acknowledged before entering a field where you have to be your own boss and are responsible for all outcomes. You have to...

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Boomerang, by Michael Lewis
Oct28

Boomerang, by Michael Lewis

What you do comes back to you. That’s what I took as the underlying theme of Boomerang[i]. I’ve tried to throw one a few times myself, but could never get the thing to work. Boomerang highlights the circumstances leading up to and following the financial turmoil of 2008. Michael Lewis interviews people in Greece, Ireland, Germany, and the United States. I found the sections on Greece and California particularly interesting. The...

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Trend Following, by Michael Covel
Oct28

Trend Following, by Michael Covel

Trend Following, By Michael Covel   Trend Following[i] Explains the concept of trend following as a trading method. The book clarifies the idea, for those who don’t understand what trend following is. It goes the extra step of providing a compelling argument for the benefit of using trend following in bull and bear markets.   The book profiles various traders and hedge fund managers who follow this methodology. We can see...

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The Good ‘Ole Library
Aug28

The Good ‘Ole Library

After years of buying financial and trading books, have you ever wondered, is there a cheaper way to get information? Some books out there go for around $25, but they can easily reach $50, or higher, depending on your topic of choice. I’ve spent quite a bit of time cruising the net for free advice or information, but sometimes you hit a wall, because, well, sometimes you just have to buy the actual book to get what you’re looking...

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