Thursday, January 12, 2012
What to know about INVESTING?
I own works by both. Fisher's books are among my very least favorite. You will learn quite a lot by studying Graham, but perhaps you need to start at a more basic level first. Maybe "Investing for Dummies" That is a very good beginning book to give you an overall perspective. Different folks look for different things. When I was younger and didn't have much money I swung for the fences with my investments. I struck out quite frequently but I also had a few home runs. Many young investors seem to follow that approach. Now I try mostly for base hits. My batting average has gone up a lot. Don't hit all that many home runs any longer but my runs scored seems to improved significantly. Baseball season is in full swing now so the ogy is appropriate. Graham was mostly a base hitter. Had a very good batting average. One book that I think has some merit is "Sensible Stock Investing" by David Van Knapp although it has quite a few typos in it. It is sort of a cook book approach.
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