What are you presently reading?

Returning some books to the library today I read this month...

7 secrets to INVESTING Like Warren Buffett
By Mary Buffett & Sean Seah
-It was ok for a first-time read.

Digital Cash
The Unknown History of the Anarchists, Utopians, and Technologists who created Cryptocurrency
By Finn Brunton
-Not really worth much of my time...

SMART MONEY, DUMB MONEY
Beating the Crowd Through Contrarian Investing
By Keith Richards
-Very thin book, bunch of charts but not much worth considered remembering.

The CAPITALIST CODE
It Can Save Your Life
By Ben Stein
-I guess it was ok for a newbie to equities...

CONCENTRATED INVESTING
Strategies of the World's Greatest Concentrated Value Investors
By Benello, Biema, & Carlisle
-A bit about Munger, Keynes, and some no-namers.
 
I don’t want to read anything about trading or money. I have read enough about them in the past and now, I feel like reading something else so that I don’t dream of money every night. Do you have any suggestions?
 
I am reading Risk Management in Trading: Techniques to Drive Profitability of Hedge Funds and Trading Desks by Davis Edwards. I have recently realised that I lack the basic knowledge of risk management and that’s where I lag in the market.
 
I finished reading Schwager's Stock Market Wizards book. Now I am trying to finish Niederhoffer's last book:

practical spec.jpg
 
It was ok, but not so sure I'd bother re-reading it again down the road. The end of the book has a summary of bulleted statements, but there wasn't anything really eye-opening for me.

Except, that despite all the risks and dangers of going SHORT, all but one of the traders in the book used SHORTING as a common tactic of their strategies.

Though let me remind you, of a few bulleted warnings:

60. The One Indispensable Rule for Short Selling

Although short selling will tend to reduce portfolio risk, any individual
short position is subject to losses far beyond the original capital commitment. A few examples:

- A $10,000 short position in Amazon in June 1998 would have lost $120,000 in seven months.

- A $10,000 short position in Bay in October 1998 would have lost
$230,000 in seven months.

- A $ 10,000 short position in Yahoo in January 1997 would have lost
$680,000 in two years.
More...
 
volpri said:
You might want to check out Trooper Toms log house building. I build a log house from scratch back in the late 80’s using his book. Along with some other ideas. All the way from cutting down the trees….peeling them…designing and building the log house. The property is was built on no longer has any connection to me but the house still stands.

More...

This was a great suggestion. Easy to read book.
 
Reading books is kind of similar to staring at, and following, social media personalities.
Most, if not all, of them are rather fake and shady...out to just enrich and empower themselves at everyone else's expense and time.
Social media is Misinformation, ignorance, hype, greed, ego, vanity Galore everywhere you look.
 
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