Buy the Book: Joel Greenblatt’s Little Book delivers a crash course in value investing. He covers how to view the market, why most people fail to beat the market, metrics for quality and low priced stocks, and how his Magic Formula works.
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A Lesson From John Bogle
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John Bogle was truly a pioneer. Few people would forgo billions by passing it all back to customers as savings to be invested and grown over time but that’s what he did.
It’s impossible to ignore the common sense importance of avoiding high fees. Bogle’s cost matters hypothesis and battle against high fees did more for the average investor — past, present, and (likely) future — than anyone else ever. When you consider compounding, the savings he’s generated has to exceed $1 trillion. He, by way of Vanguard, transformed the industry. His legacy will be felt for generations.
Of course, Bogle was more than just a low-cost advocate. He was a long term advocate. He was a do nothing advocate. And he advocated for enough: Continue Reading…
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How to Lie with Statistics by Darrell Huff
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Darrell Huff’s book is about the long history of data deception. He explains the many ways data can be manipulated — to misrepresent facts, to tell a different story — in advertising, politics, and other areas and how to defend yourself from it.
The Notes
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Simple Wealth Inevitable Wealth by Nick Murray
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Buy the Book: PrintNick Murray delivers the timeless “simple truths” of investing that never change regardless of where things stand with the markets.
The Notes
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The Money Game by Adam Smith
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The Money Game is a series of stories on the games people play with money and markets. Told by Adam Smith (aka George Goodman), the stories uncover the emotion, error, myth, and irrationality that surrounds it all.
The Notes
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The Art of Speculation by Philip Carret
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Based on a series of articles written for Barron’s in 1927, Philip Carret writes an extensive introduction to the stock market, while laying the groundwork for market cycles, economic cycles, value investing, biases, and behavior.
The Notes
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