(Part 2) Top products from r/SecurityAnalysis
We found 25 product mentions on r/SecurityAnalysis. We ranked the 140 resulting products by number of redditors who mentioned them. Here are the products ranked 21-40. You can also go back to the previous section.
21. Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism
Sentiment score: 0
Number of reviews: 2
Harperbusiness
22. The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility" (Incerto)
Sentiment score: 2
Number of reviews: 2
Random House Trade
23. The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
Sentiment score: 2
Number of reviews: 2
The Most Important Thing Uncommon Sense for the Thoughtful Investor
24. Freedom from Fear: The American People in Depression and War, 1929-1945 (Oxford History of the United States)
Sentiment score: 2
Number of reviews: 1
Freedom from Fear: The American People in Depression and War, 1929-1945 (Oxford History of the United States)
25. Security Analysis, Sixth Edition (Leatherbound Edition)
Sentiment score: 0
Number of reviews: 1
26. What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time
Sentiment score: 1
Number of reviews: 1
Used Book in Good Condition
27. Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street (Wiley Finance)
Sentiment score: 1
Number of reviews: 1
28. The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More
Sentiment score: 0
Number of reviews: 1
29. The Intelligent Option Investor: Applying Value Investing to the World of Options
Sentiment score: 0
Number of reviews: 1
30. Analysis for Financial Management with S&P bind-in card (Mcgraw-hill/Irwin Series in Finance, Insurance and Real Estate)
Sentiment score: 1
Number of reviews: 1
31. Financial Accounting, 7th Edition
Sentiment score: 1
Number of reviews: 1
Great product!
32. A Pragmatist's Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (paperback) (Applied Corporate Finance)
Sentiment score: 1
Number of reviews: 1
33. Sources of Power: How People Make Decisions (The MIT Press)
Sentiment score: 0
Number of reviews: 1
34. Gunpowder: Alchemy, Bombards, and Pyrotechnics : The History of the Explosive That Changed the World
Sentiment score: 1
Number of reviews: 1
35. The Undoing Project: A Friendship That Changed Our Minds
Sentiment score: 0
Number of reviews: 1
36. Guns, Germs, and Steel: The Fates of Human Societies
Sentiment score: 2
Number of reviews: 1
Age of ExplorationColonizationCultureInfectionArmament
37. The Undoing Project: A Friendship That Changed Our Minds
Sentiment score: 1
Number of reviews: 1
The Undoing Project A Friendship That Changed Our Minds
38. The Big Secret for the Small Investor: A New Route to Long-Term Investment Success
Sentiment score: 1
Number of reviews: 1
So for instance, I don't have a huge tech background but I'm interested in playing the secular trend of increased internet usage. So companies like Ciena and Infinera seem potentially intriguing to me in the long term. Today I am picking up "Tube: A Journey to the Center of the Internet" so that I can become familiar with internet infrastructure.
I also think payments companies have interesting opportunities for growth globally: MasterCard & eBay (through paypal) in particular. Thomas Russo, a prominent value investor, like MasterCard. So I go and watch long interviews with their CEO, Ajay Banga: http://www.youtube.com/watch?v=APofFnWcfZY
Or this one with eBay's James Donahoe:
http://insider.thomsonreuters.com/link.html?cn=share&cid=1090116&shareToken=MzplNWQxNDNhOC04NDE1LTQ2YjctYTA0OS04NzhkOTNkZDIyMTA%3D
I'm also going to read "The End of Money" for further depth/color:
http://www.amazon.com/The-End-Money-Counterfeiters-Dreamers--/dp/0306818833/ref=sr_1_1?ie=UTF8&qid=1371759157&sr=8-1&keywords=the+end+of+cash
Might all of this be a waste of time? Depends on how you look at it. I am probably not going to finish reading these things and then know where I should invest. However, over the long term, I will be more knowledgeable opportunities that arise and more likely to understand them. If I keep doing this day after day and being patient and apply value investing principles, over the course of decades I think I should be able to grow my savings substantially.
I enjoy reading anything Charlie Munger has written (or said). If you don't know, he is Warren Buffett's business partner, and one of the things he promotes tirelessly is reading and understanding mental models from other domains. So in reading Munger, you tend to get some second-hand insights into different mental models.
Munger has also spent his life trying to understand human rationality and irrationality in order to make himself a more rational investor. He has some significant things to say about that that are very insightful.
Someone recently posted a 350 page compendium of Munger's writings and speeches. I'm sure you can find it easily by Googling.
You might also read stuff by Daniel Kahneman and Amos Tversky. They spent their careers essentially studying rational and irrational behaviors, and behavioral economics owes a huge debt to them. Michael Lewis just wrote a book about them and their collaboration called The Undoing Project. Having never read a less-than-fascinating book by Michael Lewis, I'll stick my neck out and say it's probably worth reading.
Finally, if you can stand his style and unmitigated pomposity, Nassim Nicholas Taleb has written a few interesting things. The two books I found most interesting (and rewarding) were Fooled By Randomness: The Hidden Role of Chance in Life and in the Markets and The Black Swan: The Impact of the Highly Improbable.
Assessing leveraged finance deals in what way? If you want to understand the principal deal points and legal structure, the general range of terms found in leveraged finance documents, and how they work, I would suggest you look at some of the resources published by the LSTA. For example, its guide to credit agreements:
https://smile.amazon.com/LSTAs-Complete-Credit-Agreement-Second/dp/1259644863
If you want to understand the economics of a particular agreement (which, depending on how complex some of the terms and deal points are, may require at least a high-level understanding of the relevant legal provisions), and how to model their expected returns, Kricheff’s “Pragmatist’s Guide” is a decent place to start:
https://smile.amazon.com/Pragmatists-Guide-Leveraged-Finance-paperback/dp/0133552764
Good list, but quite daunting for the new investor.
I haven't read all of these titles myself, but the ones I recommend as starters include One Up on Wall Street, The Black Swan, Fail-Safe Investing, and How an Economy Grows and Why It Crashes. The latter two aren't on value investing per se, but I think they make good complements.
Hey, I just finished reading Financial Accounting by Robert Libby (http://www.amazon.com/gp/product/0078111021/ref=oh_aui_detailpage_o02_s00?ie=UTF8&psc=1) as my first Accounting textbook, and was wondering if you had another textbook like book to recommend I move on to next? I'll probably read Quality of Earnings in tandem, unless you feel I'd get more out of it when I have a better sense of Accounting in general.
1)Freedom from Fear: The American People in Depression and War, 1926-1945 - David Kennedy
2)From Colony to Superpower: US Foreign Relations Since 1776 - George Herring
3)History of Economic Thought: A Critical Perspective - E. K. Hunt and Mark Lautzenheiser
4)When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy - William Silber
5)Guns, Germs, and Steel - Jared Diamond
6)A People's History of the United States: 1492 to Present - Howard Zinn
7)
20th Century Baseball Chronicle: A Year-By-Year History of Major League Baseball(what? you asked for history books sitting on my shelf)8)Gunpowder: Alchemy, Bombards, and Pyrotechnics : The History of the Explosive That Changed the World - Jack Kelly
and currently I've just started working on U.S. Bank Deregulation in Historical Perspective - Charles Calomiris. Should be interesting since it was published in 2000...
edit: I like Drited's idea, so I'll take some time to add on some stuff. 1, 2, 4, and 6 give me perspective on how government institutions interact with each other and with the public they are supposed to serve as time and events take place, shaping the history of the US. 3 has given me insight into the evolution of Neoclassical and Labor-value (Marxian) economics. Though Hunt writes with a very heavy labor bias, his book has shown me how a persons beliefs affect there analysis, even when claiming to be value-free. In it he discusses the origins of marginal productivity and efficient markets, and his writings have allowed me to grasp in economic terms why certain ideas are flawed, even though I already knew them to be false after I had studied Psychology. 5 and 8 are a bit different because to me, they remind me that it's not what actually happened that matters, our interpretation of history relies solely on the importance we give those events. All and all, the above texts give me a longer time frame in which to view current events. In fact that's why I like companies such as GOOG and GS so much is because the above readings allow me to look beyond balance sheets, and gives me alternative ways to judge a potential investment. I understand GOOG's importance to the internet world, and the internets importance to our world, and how that relationship might continue on into the future. Stuff like that
A book that would be good for you is "The Most Important Thing" by Howard Marks. It touches more on the philosophy of value investing rather than the mechanics.
The book "What Works on Wall Street", latest edition by James O'Shaughnessy, is an excellent book and includes a discussion of value approaches on sectors. http://www.amazon.com/What-Works-Street-Fourth-Edition/dp/0071625763
There also supplemental info on his website, including sector based study based on utilities and consumer staples. http://whatworksonwallstreet.com/pdf/wwows_CS_24.pdf
Read Pitch the Perfect Investment by Paul D Sonkin and Paul Johnson. Paul Johnson is a teacher at Columbia Business School and Paul Sonkin is a practitioner. The book covers how to pitch an investment along with other crucial finance concepts.
​
The Intelligent Option Investor
Deals with options from an intuitive sense instead of pure mathematical angle.
https://www.amazon.com/Intelligent-Option-Investor-Applying-Investing/dp/007183365X/ref=nodl_
Two more I'd add to the list:
Here's some for the value investor:
Security Analysis - Graham and Dodd
Value Investing: From Graham to Buffet and Beyond - Bruce Greenwald, et al.
Value Investing: Tools and Techniques - James Montier
The Little Book of Behavioral Investing: How not to be your own worst enemy - James Montier
Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor - Seth Klarman
Security Analysis and Business Valuation on Wall Street - Jeffry Hooke
Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism by Jeff Gramm as well.
Here are the amzn links:
https://www.amazon.com/Cable-Cowboy-Malone-Modern-Business/dp/047123639X/ref=mt_hardcover?_encoding=UTF8&me=
https://www.amazon.com/Dear-Chairman-Boardroom-Shareholder-Activism/dp/0062369830/ref=pd_sbs_14_4?_encoding=UTF8&pd_rd_i=0062369830&pd_rd_r=2645B4B5CFJGN5GK9VER&pd_rd_w=nVwLn&pd_rd_wg=qiGtq&psc=1&refRID=2645B4B5CFJGN5GK9VER
TDAmeritrade or TDA ThinkorSwim?
When you learn a little more you just go to the SEC EDGAR and type in the company ticker and then find filing 424B2. That will give you the CUSIP and you can then get the bid/ask from TD Ameritrade.
for example, your coke bonds:
http://www.sec.gov/Archives/edgar/data/21344/000104746915008023/a2226325z424b2.htm
Edit: I would start here:
http://finra-markets.morningstar.com/BondCenter/
to learn more about bonds:
http://www.investinginbonds.com/
http://www.amazon.com/The-Bond-Book-Third-Edition/dp/007166470X
Thanks so much, truly.
Dear Chairman
https://www.amazon.com/Dear-Chairman-Boardroom-Shareholder-Activism/dp/0062369830
Fatal Risk, by Roddy Boyd
https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Dstripbooks&field-keywords=fatal+risk
All the devils are here, McLean & Nocera
https://www.amazon.com/s/ref=nb_sb_ss_i_1_10?url=search-alias%3Dstripbooks&field-keywords=all+the+devils+are+here&sprefix=all+the+de%2Cstripbooks%2C239&crid=258QBL9E51HTO&rh=n%3A283155%2Ck%3Aall+the+devils+are+here
And "Business Adventures", by John Brooks- said to be Buffett and Gates' favorite business book.
https://www.amazon.com/s/ref=nb_sb_ss_i_1_13?url=search-alias%3Dstripbooks&field-keywords=business+adventures&sprefix=business+adve%2Cstripbooks%2C233&crid=BOABWVISSX0I&rh=n%3A283155%2Ck%3Abusiness+adventures