Tuesday, January 22, 2008

Warren..

Today was probably one of the most eye opening experiences I have ever had in a long time. I attended the Trader in Residence program at the Allen H. Gould Trading Floor to listen to Arjun Kumar Equity Investment Analyst at Spurcegrove Investment. Working in a trading environment over the past two years and following financial news extensively, I realized today that I have been bogged down in details rather then looking at the bigger picture.

His topic of presentation was "Value Investing" and he really gave a different perspective on investing. Watching CNBC and other news publications for several hours per day, I realized I was getting bombarded with information, most of it was unnecessary. I think today’s presentation not only produced an interest on the "Buy" side of Investing but I was also able to learn that there is MORE TO FINANCE THEN I-BANKING. At this time, I am not too sure whether I-banking was my cup of tea but my thinking was that it is the only thing in finance where there is growth potential and tons of money. Mr. Kumar if in the future I do end up working in Buy side of Investing, you will be one of the people I will thank for giving me such an eye opening perspective.

I was browsing through YouTube that night and came across an interesting video on the best value investor of all time - Warren Buffet! After doing some research on Wikipedia, I am going to take on the initiative of reading some of his recommended books. Hope I will be able to pick up on ideas which will help me become a better investor.

Books Recommended by Warren Buffett
1984 -- The Intelligent Investor
1992 -- The Theory of Investment Value by John Burr Williams
1994 -- The Story of My Life by Ted Williams
1997 -- The Science of Hitting by Ted Williams
2000 -- The Farmer From Merna by Karl Schriftgeisser
2001 -- The Warren Buffett CEO by Robert P Miles
2001 -- Security Analysis by Ben Graham and Dave Dodd
2001 -- Jack, Straight from the Gut
2002 -- Common Sense on Mutual Funds, John Bogle
2002 -- Take on the Street by Arthur Levitt
2003 -- First a Dream by Jim Clayton
2003 -- Bull! by Maggie Mahar
2003 -- The Smartest Guys in the Room by Bethany McLean and Peter Elkind
2003 -- In an Uncertain World by Bob Rubin
2003 -- The Intelligent Investor -- 2003 Revised Edition by Jason Zweig
2004 -- The Intelligent Investor
2004 -- The Financial Times, Amercian Edition Newspaper
2004 -- The General Theory by John Maynard Keynes
2004 -- Nuclear Terrorism: The Ultimate Preventable Catastrophe by Graham Allison
2004 -- Poor Charlie’s Almanack
2006 -- Seeking Wisdom: From Darwin to Munger by Peter Bevelin
2006 -- Where are the Customers’ Yachts? by Fred Schwed

1 comment:

Unknown said...

First comment! Where's my prize?!