🧵 Since I started investing, I have read more than 500 investing books. In this thread you can find 10 books that will change your investment career forever.
No. The stock market is distorted by the blind buying and selling of target date funds. Blackrock and Vanguard dominate that market. Search for Mike Green's straightforward explanations of this widely overlooked distortion of stock prices. Price insensitive buy has bestowed trillion dollar market caps. You need to understand the game you are playing and this reading list ignores the impact of passive investing.
Absolutely! Wall Street is a place where a lot of people have a ST mindset. When you want to outperform, you have to do things differently. I know a lot of fund managers who prefer to sound smart above being/investing smart.
Excellent list!
Thank you. The best is yet to come!
Great list!
Thanks for sharing!
Thank you, Trillo!
No. The stock market is distorted by the blind buying and selling of target date funds. Blackrock and Vanguard dominate that market. Search for Mike Green's straightforward explanations of this widely overlooked distortion of stock prices. Price insensitive buy has bestowed trillion dollar market caps. You need to understand the game you are playing and this reading list ignores the impact of passive investing.
Absolutely! Wall Street is a place where a lot of people have a ST mindset. When you want to outperform, you have to do things differently. I know a lot of fund managers who prefer to sound smart above being/investing smart.
At this point, picking stocks is the same as running with scissors.
I kinda agree to your point.. but, is there any in depth study on this, and how to "play" this "distortion of stock prices" well. Just curious.
See Mike Green's funds for strategic alternatives. Bad things happen to stock picking lemmings
I enjoy your letters but think that you've read a lot if misguided books.