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5 rules for successful stock investing.

Tuesday, February 12, 2013

I would like to present a book on successful stock investing that comes highly recommended by a reader, Jojo.

The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
US$ 22.95 each. Free shipping globally.



See Jojo's comments in an earlier blog post: here.

The book explains how to read financial statements, how to analyse companies and how to do valuations. It also shows mistakes to avoid and how to detect fraud.


13 comments:

OT83 said...

This book is good. Easily to read and understandable.

I think mew ge recommend this book before if my old memory doesn't fail me :)

AK71 said...

The author begins by stating the 5 rules for stock investing:

1. Do your homework
2. Find economic moats
3. Have a margin of safety
4. Hold for the long haul
5. Know when to sell

This is followed by a step-by-step strategy for following each of these rules.

In addition to advice on how to analyse a company's finances as well as its management, the book also offers advice on how to value a stock as "even the most wonderful business is a poor investment if purchased for too high a price."

AK71 said...

Hi OT,

If mew ge has this on his list of recommended books, then, it must be good.

I am getting a copy before my older than your old memory fails me. ;p

Thanks for the endorsement. :)

EC said...

Hi AK,

Thanks for posting the recommendation. I realize I actually downloaded the pdf copy a long time ago but haven't got around to reading it. In any case I don't really like reading stuff off the computer screen, I'm still the old-school type who likes the feel of physical books.

Best wishes,
Eugene

AK71 said...

Hi Eugene,

I somehow got the idea that ebooks have caught on and that I am a dinosaur for not jumping on the bandwagon.

So, strangely, when I provided an ebook link as an alternative in the past, people would still opt for the physical book although they would have had to wait for it to be delivered a couple of weeks later.

Perhaps, ebooks are not such a game changer after all?

la papillion said...

Hi ak,

Yep,I recommend this book to many people :) I used to read once a year to refresh the concepts. It's really a good read, but I feel it's more on Graham style of quantifying value rather than buffet style of qualifying value.

I highly recommend it to people who wants to have a feel of how to do valuation :)

Anic said...

I changed my mind after owning a Kindle a few months ago. Try the cheapest Kindle (USD69 http://www.amazon.com/Kindle-Ereader-ebook-reader/dp/B007HCCNJU) and you may change your mind. :)

AK71 said...

Hi LP,

It sounds like a must have standard textbook for any value investor. ;)

Thanks for the strong endorsement.

AK71 said...

Hi Anic,

I have an ebook reader which a friend gave me 2 years ago. I also have an iPad which another friend gave me at about the same time.

I did try reading a couple of ebooks on these tablets before but, somehow, I still prefer the physical books. I think I am an old dog. :(

la papillion said...

Hi folks,

Regarding the ebooks vs physical books, why have it one way? :) You can have both physical books and ebooks together, they are not mutually exclusive.

For books that I want to keep, I'll get physical copies because space is limited. Ebooks are for convenience. You can't go to a holiday and bring 3 books along, it's just too unwieldy. Ebooks serves that purpose for me.

I also enjoyed the convenience of not having to always have a bookmark with me when I read physical books. For ebooks reader, I just love the function of switching off and carrying on reading where I stopped. With cloud, you can even read across multiple devices.

Sorry, a bit out of topic :)

AK71 said...

Hi LP,

Good points! You are the guy! :)

However, I think 3 books on a holiday is a bit too much. One magazine is probably all I would bring unless I plan on staying in the hotel room most of the time. Even then, there is the TV. ;)

OK, I know. I must update myself. By the way, isn't cloud something in the sky that produces rain? OK, ok, don't knock my head. ;p

opal said...

Thanks for highlighting this book. I will borrow from the library if it is available. It may be the first book I read in the year of snake

AK71 said...

Hi opal,

You are welcome. Reading this book is on my "To do" list too. :)

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