Books 01 (May 08 - Oct 08)

Re: Investment & Non-Investment Books

Postby millionairemind » Fri Jul 25, 2008 10:34 pm

I think he is OK lah... One cannot expect too much from a free 4-day seminar. I went cos' I enjoyed his book.

Of course he must sell koyoks to cover his cost from flying all the way from USA to Singapore lah.. :mrgreen: :mrgreen:
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Investment & Non-Investment Books

Postby surfer_z » Mon Jul 28, 2008 10:51 am

San San wrote:
surfer_z wrote:Current investment bk reading:Legend of the Golden Scrolls
Constantly non-investment book reading:Holy Bible


dear surfer,

Legend of the Golden Scrolls: Ageless Secrets for Building Wealth is a christian book ... did a search on it.

would u be able to pin up a book review or an abstract?


sorry for late reply...

An abstract of the book

This book begins as a tale of a young mid-eastern shepherd happens to find some ancient artifacts, which he carries for some time, believing they are of value. He comes in contact with a young American man searching the deserts for an answer to the question; how can he become wealthy?

The American (Andrew) does a favor for the mid-eastern man, so the man gives Andrew the artifacts (7 scrolls bound in leather). After running out of money, Andrew sails back to America. He takes the scrolls to a rabbi to be translated. The scrolls are stolen, yet the writings are saved, and he is given copies.

The book then lists all of the transcription (supposedly written by Solomon). The advise is sound, the same information written in The Richest Man in Babylon. Andrew follows this advise and becomes extremely wealthy as well as charitable. The author describes the character, Andrew as Andrew Carnegie.
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Re: Investment & Non-Investment Books

Postby helios » Mon Jul 28, 2008 12:21 pm

surfer_z wrote:
sorry for late reply...


nope, no apologies lah; many thanks for the wonderful abstract.

rabbi = Jesus? (Riding pointed it out ... )
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Re: Investment & Non-Investment Books

Postby RidingOnTop » Mon Jul 28, 2008 12:35 pm

ok, clarify a bit... Rabbi can mean Teacher or Master or Lord. Nowadays, used mostly to address a Jewish religious teacher.
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Re: Investment & Non-Investment Books

Postby helios » Mon Jul 28, 2008 1:50 pm

Predators and Profits: 100+ Ways for Investors to Protect Their Nest Eggs
Author: Martin Howell.

Quick Abstract:

Although Predators and Profits is fast, enjoyable, and reads much like a Hollywood tell-all, it also represents an important postmortem on the recent stock market bust, replete with 170 warnings organized into 15 chapters. Its message is inescapable: Be warned!

The author states the book's purpose in the introduction: "This is a book of warnings, alarm bells and cautionary tales. It is based around a system of red flags."

Howell implores us to understand the compensation dynamics among the Wall Street players: the listed companies, their publicists, the investment banks, brokerage firms, analysts, mutual funds, pension funds, and the press. These dynamics are material, and fraught with actual and potential conflicts of interest.


>>> This is what Sidney (forumer) said, one must go library and borrow ... :mrgreen:
>>> if anyone read this liao, please give feedback, okie?
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Re: Investment & Non-Investment Books

Postby millionairemind » Mon Jul 28, 2008 7:52 pm

Just finished reading a book by Larry Winget called YOU'RE BROKE BECAUSE YOU WANT TO BE

Larry calls himself the PitBull of Personal Development. His no holds barred, no nonsense, in-your-face kind of book can rub some ppe. in the wrong way if they are used to all the "boo-boo, I feel your pain Dr. Philp kind of self help" :lol:

I picked up this book cos' I read his first book called SHUT UP, STOP WHINING AND GET A LIFE: A KICK-BUTT APPROACH TO A BETTER LIFE a couple of years ago.

At the beginning of the book, he differentiates between poor and broke. For many parts of the world, ppe. are just plain poor so the book is not for them. For Americans who lived in a country of prosperity, he said you are broke because you CHOOSE to! :lol:

Both books are hilarious and in-your-face. In the Broke book, he TRASHES all your excuses you give on Y you are broke and listed 12 ways to get ahead.

1. Know where you are
2. Take Responsibility for the situation
3. Feel bad about it. Experience Remorse
4. Make the decision for things to be different
5. Know exactly what you want your life to look like
6. Create an action plan to get there
7. Know what you are willing to give up to get what you want
8. Spend less than you earn
9. Figure out ways to earn more
10. Stop all unnecessary spending
11. pay off debts as quickly as possible and onlhy go into debt for things with long term value
12. Build a cushion. Save!

He runs a reality show in the US called BIG SPENDER where he will hijack those ppe. who spend beyond their means on national TV and then humiliate them to make sure they cut down their spending by going thro' all the bills they have and how much they earn...then he helps them cut down their debts in order for them not to live from hand to mouth, or like they say, paycheck to paycheck. The participants sometimes break down and cry on National TV :D

If you know someone who is spending beyond their means, like owning a car on a $2K/month salary and spending $1K/month on the car because "I need it"... this book is for them :mrgreen: :mrgreen:

Highly recommended for the out-of-control spenders.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Investment & Non-Investment Books

Postby millionairemind » Tue Jul 29, 2008 7:37 pm

Just finished reading a book titled 100 Simple Secrets of Happy People by Dave Niven, phD

It is essentially a summary of 100 studies pyschologists and other nutheads :mrgreen: have done over the years into an easy to read format.

At the beginning of each secret, there will be a brief summary and then a story. At the end, the study in which the summary came from will be quoted.

A few secrets revealed.

"Simple Secret No. 1 – Your life has purpose & meaning. You are not here just to fill space or to be a background character in someone else's movie.”

"Simple Secret No. 93 – Know what makes you happy and sad.
People feel worse if they are unhappy but have no idea why. Think about your feelings and emotions. Then, even when you are unhappy, you will take comfort in knowing the cause and how it can be changed.”

"Simple Secret No. 40 – Satisfaction is relative. Your happiness is relative to a scale you yourself have created. If you measure your satisfaction right now against the two or three greatest moments in your life, you will often be unhappy because those moments can’t be duplicated. If you measure today’s satisfaction against some tough days you’ve had, you have all the reason in the world to appreciate this moment.”

"Simple Secret No. 28 – Every relationship is different. If you’ve been disappointed by strained relations with a friend or loved one, you must realize that each relationship is unique. Don’t let tension with one person convince you that you lack the ability to be a good friend or a loving family member.”

"Simple Secret No. 30 – Volunteer. Every community has countless opportunities for giving of yourself. Be a reading tutor. Give your time to help the local charity thrift store. Anything you can do will not only help the world, it will also help you. Volunteers feel good about themselves. They have a sense of purpose, feel appreciated, and are less likely to be bored in their lives. Volunteers experience rewards that cannot be attained in any other way. Even if you don’t have a lot of time or skills, find an hour a month and give yourself to a good cause.”

"Simple Secret No. 55 – Buy what you like. Don’t accumulate possessions for the sake of having a lot of stuff. On the other hand, don’t deny yourself something that you really want or need. If you buy things that are important to you, you can appreciate them every day and won’t feel the need to fill your home with every item at the mall.”

"Simple Secret No. 97 – Have a purpose. Without a purpose nothing matters. You can work forty hours a week, come home to cook, clean, and then take up seventy-two new good habits, but if there isn’t a reason you are doing it, none of these activities will mean anything to you.”

An easy read for a lazy afternoon.... available at your local library.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Investment & Non-Investment Books

Postby winston » Tue Jul 29, 2008 7:41 pm

millionairemind wrote:Just finished reading a book titled 100 Simple Secrets of Happy People by Dave Niven, phD



Nice book. I think there are others by the same author as well eg.
1) 100 Simple Secrets of Great Relationships
2) 100 Simple Secrets Dogs makes us happy
3) 100 Simple Secrets for becoming Healthy, Wealthy & Wise
4) 100 Simple Secrets of Successful people
5) 100 Simple Secrets of the Best Half of Life
6) 100 Simple Secrets of Happy Families
7) 100 Simple Secrets of Healthy People
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Investment & Non-Investment Books

Postby kennynah » Tue Jul 29, 2008 8:05 pm

u people are such avid readers....very good habit...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
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Re: Investment & Non-Investment Books

Postby helios » Sat Aug 02, 2008 6:53 pm

I simply love the last and best chapter of the New Market Wizard, the psychology of trading.

the last chapter is reported by Charles Faulkner (a Neuro-Linguistic Programming trainer) who conducts regressions on traders regularly.

His own views are that people need to have a perceptual filter that matches the way they think. The filter has to fit the trader's mental strategy, his mode of thinking, and decision making, than how well it acounts for the market activity. subsequently, the filter will help to develop his/ her intuition.

below is part of what he wrote @ page 429:

All these technical methods are based on price. in effect, they're all different colored glasses for looking at price. Proponents of RSI and Stochastics, would see price patterns filtered through these price-derived series. in these cases, traders accumulate experience on price patterns - - - albeit from different perspectives. some of the methodologies employed, however, are probably totally worthless. it's simply that instead of looking at prices through clear glass, traders who use these methods are looking at prices through different-colored tints.

(San's thoughts: a prism in optics?)

The method, or tint shade, is a matter of individual preferences. To extend the analogy, i would compare these methods to nonprescription sunglasses: they change the view but don't necessarily improve the vision. the bottom line is that these methods seem to work only because the people who use them have developed some sort of intuitive experience about price.

He also cited that there is a term called "operating metaphors", ie. how we view the world, and it will shape our beliefs, actions, and life-styles. EG: for a trader, he will describe the market as a woman, war, and a game.

- Richard Dennis: "it's like playing a hundred chess games at once";
- Pete Steidlmayer: he's "solving the market";
- Paul Tudor Jones:"ït's a game and money is a way to keep score";
- "ï got torn up today" (by visualising the market into a beast of prey);
- "we took a hit" (by saying you are a wounded participant);


in summary, he believes having an operating metaphor appropriate to your trading style is fundamental to success.

so, do you love/ hate our Miss. Market?!?
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