Thread: Poker Books
View Single Post
  #7  
Old 12-26-2005, 06:00 PM
Benjamin Benjamin is offline
Senior Member
 
Join Date: Aug 2004
Posts: 278
Default Re: Poker Books

[ QUOTE ]
Any glaring ommissions, I really think I need books at first just about financial management, etc, but i'm putting in a big order so I might as well get a lot of reading material at once.

[/ QUOTE ]

I'd stay away from trading oriented books at first as you learn about the financial markets. Trading is a zero sum game minus costs, but unlike poker you compete on a worldwide playing field against the best in the business every day and they are armed to the teeth with the best computers, programs and education money can buy. Tough for the little guy to compete. Better to invest for the long term and let the growth of the world's economy work for you.

The two best general finacial management/market books I can recommend are:

<u>The Four Pillars of Investing</u> by William Bernstein Link

<u>Common Sense on Mutual Funds</u> by John Bogle Link

If you have an uncontrollable desire to invest in individual stocks, then emulating Buffett's methodology as mentioned previously is probably the best route you can go, IMO. But unless you love it and want to spend huge amounts of time, better to get a diversified portfolio of low cost funds working for you and spend your time on stuff you enjoy.

B.
Reply With Quote