What is your favorite book nearly investing?
I need to read some books... Fundamental Analysis or Technical Analysis... Any suggestions ?Answers: For a trainee, you should read "Wall Street: The Other Las Vegas" by Nicolas Darvas. I'm a fan of books that strip away the BS that most population hand out. Unfortunately, bs is really plentiful. This book won't bestow you a biased, sugar coated view of investing. Easy to read, zilch taxing here.
Also if you want to see how really crazy the world of trading and speculation is, read "The Traders" by Sonny Kleinfeld. Fun and easy book.
Lastly, if you want to take an idea of the cool-headed, statistical side of finance, read "My Life as a Quant" by Emmanuel Derman. Do geeks rule the world? Well, they without doubt have a big impact on nouns.
Trading for a Living, Alexander Elder
Trade your way to Financial Freedom, Van Tharp
Those two are a honourable start.
Also look for something on trading psychology,
Does the Stupidity of the borrowers excuse the greedy cunning of the lenders who created the subprime mess?
Answers: Both sides are guilty. However, I do place more blame on the lenders than I do the borrowers. They actively sought out people to lend to that should not have had the loans. They set up a system to allow these loans to go thru. They were the ones who understood the system and all of the details of mortgages. However, they still wanted to lend money to people that just could not qualify.
YES!
It is no secret that the lenders are trying to make money.
Often times it is not the stupidity of borrowers it is the need for borrowers to live outside of their means
until recently, yes the greed was considered a virtue. now we will see all kinds of weird stuff take shape.
if you had a house before the meltdown, Congress will refinance it for you, you're in.
if you wanted a house, but didn't qualify before now, tough luck.
if you are buying a 2nd residence as an investment and tax write-off with Congress giving you attractive financing, hey, aren't you smart?
actually there are 4 people/group to blame
1. people who buy stuff they can't afford
2. lenders who got greedy and ignored the risk factor
3. the Fed, Greenspan cut rate to 1% that encouraged lenders to lend to people with bad credit
4. OSAMA BIN LADIN! if wasn't for 9/11, the fed probably won't end up slash rate to ridiculously low 1% due to panic
Why is British Pound going down ?
against Euro, Swiss Frank, even Polish zloty ...GBP is reaching 5 year low now - why ? what is the outlook?
Answers: bring it heavy!! weigh a POUND