/biz/ - Business & Finance

[Anonymous No.27460800]

How many of you have read this? How many of you use it?

[Anonymous No.27461125]

I've read this. Gives you a solid grounding in fundamentals, so useful at the very least for telling how over valued a company is (by traditional measures) and whether its balance sheet is a ticking timebomb (debt, cashflow etc ).

What I would say is that there is less of an edge to this stuff vs. when Graham was writing. Now days there is obv tonnes of hedgie computing power analysing this stuff + all financials are freely screenable for retail , so it's much less likely that you'll uncover something new about a company.

Tldr- worth reading to add to you trading armoury, but don't overlook that things have moved on (algos, different market)

[Anonymous No.27461169]

>>27460800
none of us can read nigger

[Anonymous No.27461183]

>>27461125
Also
YOU PUSH IT, YEAH

[Anonymous No.27461229]

>>27460800
I've read the Intelligent Investor and that was a good read, I have not had a chance to read this though.

[Anonymous No.27461329]

I have read it, and its only useful for those that want to invest in bonds

[Anonymous No.27461386]

>>27461329
This was the thing that annoyed me about Intelligent Investor, all that stuff about bonds is completely useless these days.

I have a pdf of Security Analysis and I was thinking of just skipping any bond shit.

[Anonymous No.27461538]

>>27460800
Became useless in 2001. Literally just for historical purposes now.

[Anonymous No.27461913]

maths is useless to get rich. Math is only used because
-atheists think that using maths will turn any field as a ''''''''''''''science'''''''''''
-atheists think that an asset has ''''''''''''''fundamental value'''''''''''''(see the brainlet like graham and so on)
-atheists already in finance use math in and value everything with their formulas, but it doesn't mean the value they output is actually the '''''''''''''''''fundamental value''''''''''' of the asset. it's just that everybody right now uses the same formulas, so they just cling to the same delusion and pass it as reality

If you want to earn money with finance, then buy nasdaq and an etf world.
If you want to trade, do it every day and just follow the herd. You sell what other people sell and buy what other people buy.
Dont try to invent some crappy martingale or go against the herd.
Once you keep day trading for a few months, you try to time the market and follow the herd.

[Anonymous No.27462102]

>>27461386
Well as a non burger I have like 20% in bonds and then 20% in S&P500, obviously not ideal if there is a global crash but the principal of 60-40 and then rebalancing applies.

[Anonymous No.27462236]

>>27461913
Based

[Anonymous No.27463142]

>>27460800
>>27461386
I read Intelligent Investor. A neat bit of fundamentals and history but honestly, in this era of zero % interest rates and endless fed liquidity pumping, good luck investing off of fundamental values. Those days are long gone. Also, at the end of the book, Graham basically confesses that he never got rich via a slow and steady approach, the cautious and prudent story people like Buffet sell to normies. He made all his money on Geico and said as much that fortunes are usually made on one or two big moves. Read the Market Wizard series for better investing insight imo

[Anonymous No.27463263]

>(see the brainlet like graham and so on)

[Anonymous No.27463281]

>>27460800
I read about ALEPH, enough

[Anonymous No.27463616]

>>27463142
>Read the Market Wizard series for better investing insight imo
Seems like an interesting read, even if I don't learn anything. Only 200 pages...
>>27463281
Are you being anti-semetic anon.