Confession Of An Investment Novice
June 23rd, 2006 by Grant in: Investing
I’m about 75% of the way through my latest read: Confessions Of A Wall Street Analyst, and if a rookie investor like me thinks he can beat the market, this book will slap him in the face, take his money and tell him to go play elsewhere.
The first hand accounts of analysts going “over the wall” and sworn to secrecy (lest he violate SEC rules) only to go spill his guts to everyone he knows are very compelling. It makes me wonder how a little outsider like me can ever make a dime in the market. Evidently insider trading goes far beyond Martha Stewart…
On a positive note, Dallas Mavericks owner Mark Cuban (blog) has started ShareSleuth.com to weed out the ugly and corrupt companies so us little guys stand a fighting chance…
We’ll see how his site turns out…
…to be continued.
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June 23rd, 2006 at 11:22 pm
Since you said it and not me. No one can beat the market. I’m not saying you can’t find capacity here and there or know something first…
Just remember the saying that “Markets are effecient” isn’t a quaint wive’s tale. The odds against the avg. investor like you and me are enormuous. We can only hope to ride the coat tails. Welcome to the world of a parasite.
Do yourself a favor and read:
1. A Random Walk Down Wall Street: Completely Revised and Updated Eighth Edition (Paperback)
2. Extraordinary Popular Delusions and the Madness of Crowds and Confusión de Confusiones (A Marketplace Book) (Paperback)
3. The (Mis) Behavior of Markets: A Fractal View of Risk, Ruin And Reward (Paperback)