Comments on: Personal Finance Education Series: (2) Recommended Books

By: Catch Fire Book

Catch Fire Book — Fri, 21 Oct 2011 10:36:38 +0000

Great post about books, recommendation of getting rich or shall we say ideas on how to get rich, financial litereacy.

This will help our fellow people especially those young ones. Its not just about learning things but also applying it to the real world.

Thanks, very inspiring…

By: ccreative

ccreative — Sun, 17 Jul 2011 08:21:46 +0000

Nice books btw. I like the intelligent investor. But technical analysis is important too

By: Statistics Matter: Oil, Dollars, Euros & Gold « Psychohistory

Statistics Matter: Oil, Dollars, Euros & Gold « Psychohistory — Sat, 05 Jan 2008 06:49:09 +0000

[...] of statistics seem to always be valuable, if not essential. (In fact, Against the Gods is one of the books I recommend to people regularly). In fact, I’m probably going to blog on a couple other topics this [...]

By: Psychohistory The Lessons of Long Term Capital Management (LTCM) and the Volatility of August 2007 «

Sun, 12 Aug 2007 23:36:16 +0000

[...] happened until I read When Genius Failed, by Roger Lowenstein (one of the books I recommend in my personal finance education series). If you haven’t read it, I highly recommend it [...]

By: Ricky

Ricky — Wed, 25 Apr 2007 05:49:56 +0000

Took me a while, but I actually finish reading the “Random Walk Down Wallstreet”. One thing that really stuck with me is that your return (for the long term) is solely based on the risk (perceived or actual) that you take. Of course, it seems there is no good way to measure risk. Never the less, the risk can be managed by diversifing the risk and holding on the stock/bond for the long term.

It was a good read.

By: Psychohistory Books: The Little Book That Beats The Market, by Joel Greenblatt «

Fri, 23 Mar 2007 05:48:29 +0000

[...] is an updated method, similar in concept to those outlined by Benjamin Graham (one of my must-read investing books). The formula is as [...]

By: Adam Nash

Adam Nash — Fri, 16 Feb 2007 08:25:41 +0000

Hi Ricky,

That’s quite a set of accomplishments in just four years! Congratulations.

I’ve read the original Rich Dad, Poor Dad, and I’m afraid I can’t recommend it. While it sounds like your experience was a positive one, I think that the real advice from Rich Dad was that it was easier to make money selling “how to get rich” advice, books, games and event tickets.

Fundamentally, I like his advice about valuing cash flow, and defining wealth around having investments that can provide you income. I got extremely irritated, however, when he began to redefine what an “asset” and “liability” were. I found it intellectually dishonest, and while likely well-intended, it just didn’t sit right with me.

Like everything, there are some real kernels of truth in his books, and it sounds like you found them.

I’m glad that I read the book, but it wouldn’t be on my top list of recommendations to people.

By: Ricky

Ricky — Fri, 16 Feb 2007 06:33:52 +0000

Another very trend book.. but one that made a big impact on me. After being laid off for the 2nd time in 2 years during the dot bust years. I read the “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom”.

4 years later, now I have a self-operated laundromat expanding to 2nd location hopefully soon, a software consulting business, 2 rental properties, a good retirement account, and my wife has a solid job in a big corporation.

It’s not a how-to book but it give a me new way to think about money. And I think that’s the hardest part. Money is very counter-intuitive, as you said, and we rarely taught how to think about it.

I’ll definitely read some of these recommendation!

By: Anneliese

Anneliese — Wed, 14 Feb 2007 15:48:59 +0000

Thank you for this Adam. I’ll look into a couple of these books. My best take away is your comment, “…being wealthy is living below your means…”

So true, so true.