Books on the stock market - Page 2

cwsiggy · #11 08-04-2005, 10:33 PM

I can tell you that everyone who worked at the hedge fund I worked for all bought index funds only. What does that tell you?

FishHooks · #12 08-04-2005, 11:32 PM

Check this site out. investing reading list

Sniper · #13 08-05-2005, 03:36 AM

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I currently am investing in mutual funds, but I would like to learn to evaluate and invest in stocks all on my own.

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Read William O'neill and subscribe to Investors Business Daily.

Check out the Stock Market forum here at 2+2 for additional suggested reading.

jakethebake · #14 08-05-2005, 09:43 AM

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I can tell you that everyone who worked at the hedge fund I worked for all bought index funds only. What does that tell you?

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That it was a crappy hedge fund.

jakethebake · #15 08-05-2005, 09:44 AM

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This should be exactly what you are looking for.

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This is a very, very good list.

cwsiggy · #16 08-05-2005, 01:15 PM

Not really, one of the first funds to use a supercomputer to rip apart mortgages. My boss made $1 billion trading IO's. It was a general comment about their personal retirement holdings. (not the fund itself) They are all scary smart and know to invest in index funds.

jakethebake · #17 08-05-2005, 04:23 PM

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Not really, one of the first funds to use a supercomputer to rip apart mortgages. My boss made $1 billion trading IO's. It was a general comment about their personal retirement holdings. (not the fund itself) They are all scary smart and know to invest in index funds.

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This is the most ridiculous thing I've ever heard.

cwsiggy · #18 08-05-2005, 05:07 PM

How so??? Do explain I was talking bout their personal investments (401 k's, IRA,s etc) Not the fund itself.
Learn to read.....

Sniper · #19 08-05-2005, 10:26 PM

It should tell you alot about how they feel about their own chances for success, if their own assets are invested in Index funds rather than their own hedge fund [img]/images/graemlins/wink.gif[/img]

#20 08-05-2005, 10:33 PM

Or it may be that they felt that keeping retirement funds in the same business that they earned their income from was not diversified enough. That's a very common idea.

I know Jim Cramer says he had most of his wealth in his hedge fund becasue he believed if he believed it was right for his investors it was right for him too. But he does not recommend that for most people. He recommends diversivication. In fact he began to diversify SOME of his wealth even while he still ran the hedge fund. And he was very confident in his abilities but still believed it was the right move.