Reddit reviews Common Stocks and Uncommon Profits and Other Writings
We found 13 Reddit comments about Common Stocks and Uncommon Profits and Other Writings. Here are the top ones, ranked by their Reddit score.
John Wiley Sons
Yeah, the questions been asked before. But here's a summary.
Wish you the best.
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After reading the Intelligent Investor the below books are pretty good for a read as well.
You Can be a Stock Market Genius (Stupid title but great book) by Joel Greenblatt
Dhandho Investing Mohnish Pabrai
Rule #1 investing this is a good podcast for beginners they have a book as well
One up on Wall Street Peter Lynch
common stocks and uncommon profits by fisher
Berkshire Hathaway letters to shareholders
Security analysis by Graham and Dodd. This was written before The Intelligent Investor by Graham as well and covers how to value companies. It's a very dry read and originally written in 1934 but there's a gold mine in there.
Read these books, in this order:
Buffett: The Making of an American Capitalist
https://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/0812979273/
The Little Book That Still Beats the Market
https://www.amazon.com/Little-Book-Still-Beats-Market/dp/0470624159/
Margin of Safety (only available in free PDF now, out of print)
https://files.leopolds.com/books/Margin.of.Safety.1st.Edition.1991.Klarman.pdf
Common Stocks and Uncommon Profits
https://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509/
The Intelligent Investor
https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661
They'll teach you what's called value investing. As a system it was approximately originated by Benjamin Graham, Warren Buffett's mentor. It's the only system of investing that has been shown to consistently work over an extremely long period of time (nearly a century at this point) and anybody can learn to utilize it.
The first book will give you a close-up walk-through of value investing by following Buffett from his earliest days forward, including how he thought about investing (the most important aspect). That'll prime you to more easily be able to understand and digest the next value investing books. Once you have digested enough about value investing, you'll be able to adapt its ways to the things you're particularly good at (there are various styles or approaches to value investing; the best at it all use slightly different custom techniques in how they find stocks, what kind of levels of value they require before they invest, when they prefer to sell or not, risk tolerance, etc). As a system it's fundamentally built around logic / reason as the primary tools of appraising investments and making decisions, it encourages you to push emotion out of the equation of investing as much as possible (and in doing so, you automatically acquire a dramatic leg up over most investors big and small).
Of critical importance: value investing is not about producing small conservative returns. The best value investors have smashed the market's average returns over extremely long periods of time and they have tended to beat all other types of investors. Value investing is about: 1) not destroying capital, so that you can retain and compound it, taking maximum advantage of the extreme power of compounding returns; 2) picking investments that have an appropriate margin of safety (they've been significantly mispriced by the market), that protects your downside, while exposing you to a very large potential upside.
"Common Stocks and Uncommon profits" is a great book on what to buy, when to buy, and when to sell. It's one of few investment books that's recommended by Warren Buffet. One of it's main features is a chapter with Fisher's 13 point "Scuttlebutt" method for investing in companies that are poised for future growth. His son Kenneth Fisher has recently stepped down (retiring) as CEO of his Investment firm.
http://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509
I think that is more Peter Lynch's domain. I always thought that GARP was the stupidest acronym I ever heard I refused to read anything about it. Irrational, but whatever. Fisher might be more GAFP - growth at a fair price.
I am not sure why I am linking this, I am sure you have read it.
https://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509/ref=la_B000AR9D8I_1_1?s=books&ie=UTF8&qid=1481431936&sr=1-1
Munger is more Fisher than Graham as well.
First off, I completely agree with DarthSaver's comments.
Given that you like to read and that you have a business owner mentality, I would recommend that you read the two books below. These books are more focused on "active" investing (owning individual stocks instead of passively investing in a basket of stocks through an index fund). If you would prefer not to manage your investments, then quite frankly there isn't much for you to learn. Just use passive index funds.
https://www.amazon.com/Essays-Warren-Buffett-Lessons-Corporate/dp/1611637589/ref=sr_1_3?ie=UTF8&qid=1520640630&sr=8-3&keywords=buffett&dpID=51vwjJJLwqL&preST=_SY344_BO1,204,203,200_QL70_&dpSrc=srch
https://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509/ref=pd_sim_14_4?_encoding=UTF8&pd_rd_i=0471445509&pd_rd_r=K4WPS6M0ED7AJT7BZ8D3&pd_rd_w=ScNGz&pd_rd_wg=mtfRg&psc=1&refRID=K4WPS6M0ED7AJT7BZ8D3
Are you able to find Common Stocks and Uncommon Profits?
Yeah, here's an extended reading list:
Superinvestors of Graham and Doddsville - Buffett : this is an editorial that Buffett wrote long ago, easily found in pdf
One up on wall-street - Lynch
Common Stocks and Uncommon Profits - Fisher
Margin of Safety - Klarman : this book is out of print, but there are plently of pdf's floating out there
I'm going to add this to the thread info.
> My first CD doesn't mature until September, so I have some time to figure it out.
That sounds good. Maybe familiarize yourself until then so you're ready.
> As far as a brokerage account, are there any advantages for Vanguard?
I don't think it matters but if you're going with Vanguard funds (admiral funds), then go with Vanguard. Read about it here. Perhaps Vanguard or Fidelity has an offer (free trades, free money) when you sign up so consider that. Depending on how much you want to invest, Vanguard has some interesting funds at certain levels of investment. List of Funds / ETFs / Some More Info
> I have my 401k and IRA wit fidelity.
You can do it all with Fidelity. It is your preference.
> Am I better off keeping all of my money with one company?
Maybe. It could be slightly easier. It is a preference question. You can invest in Vanguard and use Fidelity (vice versa).
> How can I learn how to pick funds?
Without getting crazy, you can read about the funds and what they do. What interest you? Me and you differ, so it might not help if I tell you what I would do.
> Any book recommendations?
Sure.
Investiranje samo po sebi označuje odnos između prinosa i rizika. Dionice su povijesno gledano najbolja štedno-ulagačka klasa. Posljednjih 100+ godina, s "eksplozijom" kapitalizma, bogatstvo svijeta se višestruko nagomlilao, što se očituje i kroz dionice (imovina koja stvara prinos). Pogledaj samo ovo. Dakle 129 puta veći return u dionicama nego u obveznicama.
U tom kontekstu, dionički fondovi su rizičniji i volatilniji od ova tri no s njima možeš očekivati najveći prinos, mješoviti je balansiran, a obveznički "najsigurniji" iako s njim možeš očekivati najmanji prinos. I Warren Buffett "običnim" (retail) investitorima sugerira pasivno investiranje u indexne fondove koji prate npr. S&P500 pa baci oko na to. U svakom slučaju prije svega, pročitaj neke od poznatijih knjiga (Intelligent Investora izbjegavaj kao prvu knjigu); pokušaj s npr. 1 2 3. Nakon njih baci oko na Intelligent Investora i dobro čitaj komentare Jasona Zweiga unutar same knjige.
www.investopedia.com for looking up financial terms.
www.bloomberg.com for financial news.
Warren Buffet talk on youtube
Berkshire Hathaway shareholder letters
Books-
The warren buffet way will help you analyse companies.
The intelligent investor the book on value investing.
Common stocks and uncommon profits the book on picking growth stocks.
The black swan useful insight into options trading.
Anything and everything by Michael Lewis, he writes so well, his books will give you insight into how the finance industry actually works and they're entertaining; Liars Poker chronicles how the Mortgage Backed Security was created and is a good start.
When you're done with all that, let me know and I'll send more your way! Studying for the CFA helps too as recommended by the other guy posting here but you by no means need a finance/business major.