Saturday, January 28, 2006

Every investor should read this

It's called "Seven Secrets of the Investing Masters". Read, re-read the text because it gives you a wonderful glimpse of how the worlds best investors have earned their wealth from investing, from trading, getting rich overnight and other strategies/tactics.

The article features -
1. Benjamin Graham
2. Warren Buffett
3. Peter Lynch
4. Anthony Gray
5. George Soros
6. Jim Slater
7. Anthony Bolton

I am reminded of Charlie Munger, who has often related investing with psychology. It's often called the madness of the crowd. Please find enclosed a most fantastic text - Extraordinary Popular Delusions and the Madness of the Crowds by Charles Mckay which'll help you understand bubbles. Since the text is too long, sincerely request all to definitely read the chapters on the South Sea Bubble and the Tulipomania.

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