I like Cramers books. I am reading real money for the sencond time right now. His T.V. show can get annoying, but I like to watch the beginning of it when he's making his stock picks, not talking to others on the phone. Thats when he gets annoying. The whole lightning round thing gets old.
I Tivo Cramer and lately have been saving an hour by going to the summary of the show on the web first, and then if something gets my attention I will watch it. Go to: www.thestreet.com, then to "Jim Cramer" on the left and go to "Mad Money Recap."
I liked reading Peter Lynch's books in the past. Havn't read many new ones lately. My favorite Lynch book was "One up on Wall Street."
I liked reading Peter Lynch's books in the past. Havn't read many new ones lately. My favorite Lynch book was "One up on Wall Street."
uppy:
FISH
This show of yours is something we need to discuss ... I have serious plans to set up a sort of syndicated sports gambling channel online in the near future.
Regarding books and such, back a decade and change ago, Charles Givens' Wealth Without Risk was invaluable to me. Unfortunately this was the (iirc) 1992 edition, which would probably not be suitable for the current money environment, and Givens is dead of course so no new updates are likely.
I'm not normally one for gurus like Givens -- in fact I've made a bit of a hobby out of poking fun at them -- and most of Givens' get rich kind of stuff is irksome, but WWR was actually very well thought out, methodical and simple. Even Givens' harshest critics were only able to pull up technicalities and matters of opinion while trying to discredit that particular book.
Also notable is that unlike most "guru" books WWR was not ephemeral, "power of positive thinking" kind of stuff but actually practical, real-world step by step strategies for reducing expenditures, increasing the portion of one's income that went towards savings, and general investment tips.
Outside of the practical, just on "wealth mentality," I highly recommend Stanley & Danko's The Millionaire Next Door which reveals some really suprising information about millionaire households in America, what their habits and secrets wrt to spending and saving money are; and Napoleon Hill's classic Think and Grow Rich (free copies are all over the Internet; try Google.)
Phaedrus
This show of yours is something we need to discuss ... I have serious plans to set up a sort of syndicated sports gambling channel online in the near future.
Regarding books and such, back a decade and change ago, Charles Givens' Wealth Without Risk was invaluable to me. Unfortunately this was the (iirc) 1992 edition, which would probably not be suitable for the current money environment, and Givens is dead of course so no new updates are likely.
I'm not normally one for gurus like Givens -- in fact I've made a bit of a hobby out of poking fun at them -- and most of Givens' get rich kind of stuff is irksome, but WWR was actually very well thought out, methodical and simple. Even Givens' harshest critics were only able to pull up technicalities and matters of opinion while trying to discredit that particular book.
Also notable is that unlike most "guru" books WWR was not ephemeral, "power of positive thinking" kind of stuff but actually practical, real-world step by step strategies for reducing expenditures, increasing the portion of one's income that went towards savings, and general investment tips.
Outside of the practical, just on "wealth mentality," I highly recommend Stanley & Danko's The Millionaire Next Door which reveals some really suprising information about millionaire households in America, what their habits and secrets wrt to spending and saving money are; and Napoleon Hill's classic Think and Grow Rich (free copies are all over the Internet; try Google.)
Phaedrus
leykis
You know, funny I guess but I actually wondered from time to time if Givens actually wrote WWR ... it's just so rare for one of the "get rich guru" types to actually publish something useful and intelligent. Maybe it was ghost-written or done by committee.
John Reed is an outstanding recommendation for anyone interested in real estate. He is an actual, verifiable self-made millionaire in real estate, vs. someone who has a couple of rentals and made millions selling books about real estate. His site and works are here for those who aren't familiar. Reed also maintains a great page about various gurus, including a massive section on Kiyosaki, the worst of all by some accounts.
Phaedrus
You know, funny I guess but I actually wondered from time to time if Givens actually wrote WWR ... it's just so rare for one of the "get rich guru" types to actually publish something useful and intelligent. Maybe it was ghost-written or done by committee.
John Reed is an outstanding recommendation for anyone interested in real estate. He is an actual, verifiable self-made millionaire in real estate, vs. someone who has a couple of rentals and made millions selling books about real estate. His site and works are here for those who aren't familiar. Reed also maintains a great page about various gurus, including a massive section on Kiyosaki, the worst of all by some accounts.
Phaedrus
Investing is personal. One must find a stlye that fits.
One key element is the time frame you want to work in. Another is the risk and uncertainty you can live (and sleep) with. Another is the time you can put into an investment plan.
Financial Analysis Books (must know basic accounting and economics):
The Meaningful Interpretation of Financial Statements by Donald E. Miller
Analysis of financial Statements by Leopold A. Bernstein
Quality of Earnings by Thornton O'Glove
Intermarket Techical Analysis by John Murphy
Techincal Analysis ( lots of theories...little proof ):
Techincal Analysis from A to Z by Steven Achellis (and then find the a book on the idea you feel comfordable with)
MetaStock (a charting program)
TV Shows
NONE...In my opinion, Jim Cramer's Mad Money is a tout show, not a show that adds to your ability to make a decsion. He tells you what to buy.
Other:
Read, think about, and discuss every thing you can. But don't believe anything. look for proof in the real world, not just the examples given in books and write ups.
Learn about the Federal Reserve, interst rates, interst rate curves, and net free reserves.
Good luck
One key element is the time frame you want to work in. Another is the risk and uncertainty you can live (and sleep) with. Another is the time you can put into an investment plan.
Financial Analysis Books (must know basic accounting and economics):
The Meaningful Interpretation of Financial Statements by Donald E. Miller
Analysis of financial Statements by Leopold A. Bernstein
Quality of Earnings by Thornton O'Glove
Intermarket Techical Analysis by John Murphy
Techincal Analysis ( lots of theories...little proof ):
Techincal Analysis from A to Z by Steven Achellis (and then find the a book on the idea you feel comfordable with)
MetaStock (a charting program)
TV Shows
NONE...In my opinion, Jim Cramer's Mad Money is a tout show, not a show that adds to your ability to make a decsion. He tells you what to buy.
Other:
Read, think about, and discuss every thing you can. But don't believe anything. look for proof in the real world, not just the examples given in books and write ups.
Learn about the Federal Reserve, interst rates, interst rate curves, and net free reserves.
Good luck
Website - www.prophet.net
Book - The Visual Investor - How to spot Market Trends: John J. Murphy
Book - The Visual Investor - How to spot Market Trends: John J. Murphy
