Best Investment Book of All Time

I'll throw my two cents in, with
http://kevinoleary.com/financial-literacy/ Kevin O'Leary's Cold Hard Truth.
There is Reality, and there is our Cultural Overlay.
The closer one's cultural overlay comports to reality, the better one will do.
And very much to the degree it does not, the more you will have "issues."
As I'm about to lay all this out, I discover O'Leary and Shark Tank and all that -- AND O'Leary's book.
I was/am impressed, and am a big fan.
I don't know of anything else like it.
 
The best trading book, IMHO, is the one you create for yourself.

Having said that - the original 'Market Wizards' & 'Diary of a Commodity' Trader gave me enough info to get up and running so that I could write my own trading plan & morph it into my trading book.
 
Frederick Foresight said:
Don't be.

http://www.theglobeandmail.com/repo...just-plays-one-on-tv/article4564334/?page=all

http://www.nationalobserver.com/201...-shocking-story-kevin-olearys-business-career

I suggest you read the two articles in their entirety, and that you focus on the performance on his funds and what the rest of the investment community has to say about him.
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Yeah. But there's a bit of "so what?" in there, too. He's a venture capitalist -- a glorified entrepreneur -- his "job" is not to run, nor even to manage, but to smell -- to *sniff* -- and then pursue.

*I* could not engage in activities where I have a "1-in-17" expectation of success. But on the other hand, when I have had an opportunity to manage, I do quite well. (I do *very* well -- I "do more with less" AND I make sure everyone is happy.) So, O'Leary's style is not my own. But it's O'Leary's style that is the subject of the two articles.

Regardless of *style*, is how you see the world. And he *presents* a clarity of vision that is just too rare in 21st century culture. I'm not saying *he's* right -- but that that statement of clarity very much is. Hence the value.

(I'm no fan of gospel, either. But I surely do dig Johnny Cash.)
 
There is no "Best" as if there was one, everyone would be wealthy. The "Best" never write books on how they made it, there are tightly guarded methods. You simple don't spend a lifetime and spill the beans on what works best for them cause they know if released to the masses, it either be sold or over populated where it would stop working.

There are some good books that show direction based on old time charting and those who think they are out dated, don't see value in trading human emotions, cause that s what makes many of the chart patterns, you can call it that people force the market to go in one direction, but you have a group of unknown people doing same thing.

Edwards and McGee, and late 1970s John Hill's books give good offering of charting, William O'Neil has good books on CAN SLIM and some fundamentals, and Peter Brandt was excellent chartist-I had taken his service for years long ago and if you can't program charting, well....

There simple is not one best IMHO, you take "bits" from many.
 
tommcginnis said:
But it's O'Leary's style that is the subject of the two articles.
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The style described is that he leaves a trail of steaming piles behind him. Yeah, he got rich. Not as rich as he alludes to being, but rich enough. And for the most part he did so to the detriment of others - and I'm not talking about the people on the other side of the trade. On a net basis, people who did business with him lost money. If that is who you wish to emulate then have at it.
 
Frederick Foresight said:
The style described is that he leaves a trail of steaming piles behind him. Yeah, he got rich. Not as rich as he alludes to being, but rich enough. And for the most part he did so to the detriment of others - and I'm not talking about the people on the other side of the trade. On a net basis, people who did business with him lost money. If that is who you wish to emulate then have at it.
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I have twice stated that O'Leary's style is not my own, but your agenda with him denies you that comprehension. "Sad."

The point you ignore (oddly, the *main* point) is that there is Reality, and there is a Cultural Overlay that we each carry into our vision -- made individually and collectively.

Finding resources that can echo and/or build upon this idea is very hard. Maybe it's music lyrics -- maybe it's science fiction -- maybe it's recreational chemicals and a vision quest. (Maybe it's good parentage.) I always thought that, if I had it to do over again, I'd seek a double-major in math and anthropology -- talk about lifting a veil!!!

Anyway, O'Leary's book addresses that sort of framework. What he does with it is not the point. Good luck.
 
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tommcginnis said:
I have twice stated that O'Leary's style is not my own, but your agenda with him denies you that comprehension. "Sad."

The point you ignore (oddly, the *main* point) is that there is Reality, and there is a Cultural Overlay that we each carry into our vision -- made individually and collectively.

Finding resources that can echo and/or build upon this idea is very hard. Maybe it's music lyrics -- maybe it's science fiction -- maybe it's recreational chemicals and a vision quest. (Maybe it's good parentage.) I always thought that, if I had it to do over again, I'd seek a double-major in math and anthropology -- talk about lifting a veil!!!

Anyway, O'Leary's book addresses that sort of framework. What he does with it is not the point. Good luck.
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How delightful that you were able to wring some value out of something that came out of O'Leary. "Glad."
 
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As an aside, and as only an observation since you regard O'Leary's book as The Best Investment Book of All Time, it is interesting to note that the purveyor of such wisdom was not able to parlay it into the management and performance of his own investment funds.
 
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