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bigred · 4th March 2008, 05:03 PM

Spun off from other thread:

Originally Posted by Huh-What?

For an eye opener on the mutual fund industry check out Ric Edelman's "The lies about money."

Originally Posted by roger

Just about any publication by John Bogle will help - he has been the big push behind index funds, and his arguments are intellectually sound.

I browsed the first as well as Bogle's "Little Book of Investing" tonight....again it was just a browse, but offhand I preferred Edelmen's book, and I went in expecting slightly the opposite, if anything. For one, Bogle seemed to do a LOT more patting himself on the back and even on a glance it got old very quickly. Second, the presentation/style of the book was very un-easy on the eyes (both in terms of how he writes and the look/feel of the book, if you will). Purist Wall St types may like it, but I hated it. And maybe this is nit-picky, but for $20-30 I expect a better quality paper/print. No, I don't want or need a "picture book" effect either, but yeesh....

The Central Scrutinizer · 4th March 2008, 09:29 PM

Still the one: http://www.amazon.com/Intelligent-In...4694866&sr=8-2

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel

a_unique_person · 5th March 2008, 04:22 AM

Skip "Rich Dad, Poor Dad", it's based on Marxism.

drkitten · 5th March 2008, 09:49 AM

Originally Posted by a_unique_person

Skip "Rich Dad, Poor Dad", it's based on Marxism.

That's not necessarily a criticism of it. The fact that it gets most of its elementary facts wrong (your house isn't an "asset"?) is.

JonnyFive · 5th March 2008, 10:54 AM

Originally Posted by drkitten

That's not necessarily a criticism of it. The fact that it gets most of its elementary facts wrong (your house isn't an "asset"?) is.

John T. Reed (a real estate investor who often reviews various "gurus" on his web site) has written a fairly comprehensive overview of the whole "Rich Dad" thing:

http://www.johntreed.com/Kiyosaki.html

Huh-What? · 5th March 2008, 12:38 PM

I would have to add that I do not agree with Mr. Edelman's investing philosophy but I thought the book would help anyone understand some of the behind-the-curtain activities in the mutual fund industry.

bigred · 5th March 2008, 01:36 PM

While I didn't agree with his conclusions/recommendations, in fact even his method needed work, I liked his pie chart idea for a portfolio mix based on various questions you answer (although bouncing around the book got really old).

roger · 6th March 2008, 06:50 AM

Warren Buffett: "I think everyone should read Jack Bogle's book". CNBC 3/3/08
You will find similar quotes for The Intelligent Investor. Walter Schloss, at over 90, still refers to his taped together copy of Security Analysis (the big brother to The Intelligent Investor, also written by Graham) nearly every day.

Sorry that you find the paper quality insufficient.

There's nothing else you need read if you ingest (not browse) those two.

bigred · 6th March 2008, 07:05 AM

As impressive as Warren Buffet's and Walter Schloss' resumes no doubt are, I don't consider anyone's endorsement a be-all/end-all to buy a book. Maybe his others are better - and yes a browse is only that, as I made a point to mention.

But for such a book to be useful, it has to be able to capture and maintain my attention - obviously the bulk of such responsibility lies with content, but style and form aren't meaningless.

4th March 2008, 05:03 PM	#1
bigred Penultimate Amazing Join Date: Jan 2005 Location: USA Posts: 12,571	Best and worst of investment books Spun off from other thread: Originally Posted by Huh-What? For an eye opener on the mutual fund industry check out Ric Edelman's "The lies about money." Originally Posted by roger Just about any publication by John Bogle will help - he has been the big push behind index funds, and his arguments are intellectually sound. I browsed the first as well as Bogle's "Little Book of Investing" tonight....again it was just a browse, but offhand I preferred Edelmen's book, and I went in expecting slightly the opposite, if anything. For one, Bogle seemed to do a LOT more patting himself on the back and even on a glance it got old very quickly. Second, the presentation/style of the book was very un-easy on the eyes (both in terms of how he writes and the look/feel of the book, if you will). Purist Wall St types may like it, but I hated it. And maybe this is nit-picky, but for $20-30 I expect a better quality paper/print. No, I don't want or need a "picture book" effect either, but yeesh....

5th March 2008, 04:22 AM	#3
a_unique_person Director of Hatcheries and Conditioning Join Date: Jul 2002 Location: Mt Disappointment Posts: 33,463	Skip "Rich Dad, Poor Dad", it's based on Marxism.
	__________________ *Continually pushing the boundaries of mediocrity.* Everything is possible, but not everything is probable. For if a man pretend to me that God hath spoken to him supernaturally, and immediately, and I make doubt of it, I cannot easily perceive what argument he can produce to oblige me to believe it. Hobbes

5th March 2008, 10:54 AM	#5
JonnyFive Insurance Underwriter of Doom Join Date: Nov 2006 Posts: 4,473	Originally Posted by drkitten That's not necessarily a criticism of it. The fact that it gets most of its elementary facts wrong (your house isn't an "asset"?) is. John T. Reed (a real estate investor who often reviews various "gurus" on his web site) has written a fairly comprehensive overview of the whole "Rich Dad" thing: http://www.johntreed.com/Kiyosaki.html
	__________________ "If you drink virus water ,i must say ‘don't drink it,it is trap’." -Emre_1974tr Ex-defendant in Simpson v. Randi, et al.

5th March 2008, 12:38 PM	#6
Huh-What? Thinker Join Date: May 2005 Location: Chicagoland Posts: 154	I would have to add that I do not agree with Mr. Edelman's investing philosophy but I thought the book would help anyone understand some of the behind-the-curtain activities in the mutual fund industry.
	__________________ "Science is hard, takes a lot of work, and requires too much thinking; religion, on the other hand, laughs at hard thought and offers eternal salvation and glorious life, all for the price of a few hymns sung and some hours every Sunday being hypnotised in a pretty building." - zaayrdragon

6th March 2008, 06:50 AM	#8
roger Penultimate Amazing Join Date: May 2002 Location: Mountain View, CA Posts: 11,062	Warren Buffett: "I think everyone should read Jack Bogle's book". CNBC 3/3/08 You will find similar quotes for The Intelligent Investor. Walter Schloss, at over 90, still refers to his taped together copy of Security Analysis (the big brother to The Intelligent Investor, also written by Graham) nearly every day. Sorry that you find the paper quality insufficient. There's nothing else you need read if you ingest (not browse) those two.
	__________________ May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. - Edward Abbey Climb the mountains and get their good tidings. Nature's peace will flow into you as sunshine flows into trees. The winds will blow their own freshness into you, and the storms their energy, while cares will drop off like autumn leaves. - John Muir Last edited by roger; 6th March 2008 at 06:52 AM.

5th March 2008, 09:49 AM	#4
drkitten Penultimate Amazing Join Date: Mar 2004 Location: Wits' End Posts: 21,647	Originally Posted by a_unique_person Skip "Rich Dad, Poor Dad", it's based on Marxism. That's not necessarily a criticism of it. The fact that it gets most of its elementary facts wrong (your house isn't an "asset"?) is.

5th March 2008, 01:36 PM	#7
bigred Penultimate Amazing Join Date: Jan 2005 Location: USA Posts: 12,571	While I didn't agree with his conclusions/recommendations, in fact even his method needed work, I liked his pie chart idea for a portfolio mix based on various questions you answer (although bouncing around the book got really old).

6th March 2008, 07:05 AM	#9
bigred Penultimate Amazing Join Date: Jan 2005 Location: USA Posts: 12,571	As impressive as Warren Buffet's and Walter Schloss' resumes no doubt are, I don't consider anyone's endorsement a be-all/end-all to buy a book. Maybe his others are better - and yes a browse is only that, as I made a point to mention. But for such a book to be useful, it has to be able to capture and maintain my attention - obviously the bulk of such responsibility lies with content, but style and form aren't meaningless.