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Read the book "The New Buffettology"
Best book on stocks I've ever read.
A good website here: http://www.investopedia.com/articles/01/071801.asp
Last edited by ENP; 27-05-2010 at 10:20 AM.
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I'd recommend taking a look at The Intelligent Investor, by Bejamin Graham.
http://en.wikipedia.org/wiki/The_Intelligent_Investor
Oddly enough, I did my initial reading in the FA field, and am now starting to read about TA.
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Originally Posted by ENP
Read the book "The New Buffettology"
I read somewhere that trying to use Buffets method of investing isn't necessarily going to work for everyone, simply because of the amount of money he can invest.
He has a huge advantage over someone with only a few thousand $$$, and because he can buy massive amounts of shares in a company, he gets a say in how it runs. Also, he gets better access to company information and a direct relationship with management. All this is something the average Joe Blow like us can only dream of.
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Originally Posted by wbosher
I read somewhere that trying to use Buffets method of investing isn't necessarily going to work for everyone, simply because of the amount of money he can invest.
He has a huge advantage over someone with only a few thousand $$$, and because he can buy massive amounts of shares in a company, he gets a say in how it runs. Also, he gets better access to company information and a direct relationship with management. All this is something the average Joe Blow like us can only dream of.
I'd rather base my investments on the best investor of all time rather than Joe Blow down the street though.
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Originally Posted by ENP
I'd rather base my investments on the best investor of all time rather than Joe Blow down the street though.
Where can I find historical data like EPS etc...?
Some companies only offer financial reports going back a couple of years on their web sites.
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Originally Posted by wbosher
Where can I find historical data like EPS etc...?
Some companies only offer financial reports going back a couple of years on their web sites.
Ever thought about giving the company you are looking to invest in a phone call?
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Originally Posted by ENP
Ever thought about giving the company you are looking to invest in a phone call?
Like I said, I'm out of the market for at least 6 months, probably longer. At this stage I'm just curious about FA, and how to work out if a stock is over or under valued. Not looking at investing in anyone in particular.
I am mainly a short to medium term trader, using only TA. Just want to use my time away from the market to explore new things.
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Originally Posted by wbosher
over or under valued
Then read all you can on "value investing"
.... simple?
What's the issue here?
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One other thing further on my suggestion of reading "The Intelligent Investor". Warren Buffet was a student of Benjamin Graham who introduced the concept of 'value investing'. Buffet expanded on the concept of value investing, and, as you pointed out, involved himself with company management for much greater added value. However Graham's original ideas are focused more on identifying the value of companies and thus is perhaps more useful than the Buffet approach for retail investors.
Another good read is Security Analysis, by Benjamin Graham and David Dodd. Both 'Security Analysis' and 'The Intelligent Investor' are quite old but have been reprinted and revised.
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