Bonds or Fixed-Income Investments
Financial Literature of Interest
The Intelligent Investor, Benjamin Graham
Berkshire Hathaway Shareholder Letters: 1977-current, Warren Buffett
The Essays of Warren Buffett, Lawrence A. Cunningham
Common Stocks and Uncommon Profits, Philip A. Fisher
The Art of Speculation, Philip L. Carret
Buffett: The Making of an American Capitalist, Roger Lowenstein
A Random Walk Down Wall Street, Burton G. Malkiel
One Up on Wall Street, Peter Lynch
The New Contrarian Investment Strategy, David Dreman
Bogle on Mutual Funds, John C. Bogle
Quality of Earnings, Thornton L. O’Glove
Financial Shenanigans, Howard M. Schilit
Other PDV letter cautioning clients about the speculative market bubble during the tech mania.
http://www.tweedy.com/research/papers_speeches.php There are two highly informative articles at this site: What Has Worked in Investing
and 10 Ways to Beat an Index.
The first article discusses what investment approaches and financial characteristics tend to produce exceptional investment returns. The second article goes into how nobody, including some of the greatest investors of all time, can produce good investment returns all the time, and therefore cautions against drawing any definitive conclusions about the efficacy of an investment strategy just because it’s going through a frustrating period. It discusses the fact that some of the greatest investment records in history all went through intermittent tough periods, and how investors who bailed out during these periods would have missed the spectacular wealth accumulation that was generated by these superstar investment professionals over the long run
. We highly recommend these two articles, which are two of our favorite!
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