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abhishekbasu
Senior Member
Joined: 07/Sep/2008
Location: India
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Posts: 335
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![Reply](forum_images/reply.gif) Posted: 06/Apr/2012 at 10:25am |
Originally posted by prudentinvestor
Have decided to divert all profits from short term trades in buying quality books this year. Just received my copy of 'Common Stocks and Uncommon Profits' by Philip Fisher.
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Wonderful thought ![](smileys/smiley32.gif) And please let us know your takeaways from each book you read.
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rajnsharma
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Joined: 31/Jul/2009
Location: India
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Posts: 1202
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![Reply](forum_images/reply.gif) Posted: 06/Apr/2012 at 11:41am |
Originally posted by prudentinvestor
Have decided to divert all profits from short term trades in buying quality books this year.
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Good idea. IMHO books should be bought whenever you have some time to read . On a lighter note just wondering what you will do when there are losses ![Wink](smileys/smiley2.gif) .
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Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
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prudentinvestor
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Joined: 23/Jan/2011
Location: India
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Posts: 453
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![Reply](forum_images/reply.gif) Posted: 06/Apr/2012 at 11:50am |
Originally posted by rajnsharma
Good idea. IMHO books should be bought whenever you have some time to read . On a lighter note just wondering what you will do when there are losses ![Wink](smileys/smiley2.gif) . |
Now a days I trade very little, and that too mostly delivery based. So chances of losses are minimal, and as I trade only in quality names ( Page, Zydus, Hawkins, Titan, VST etc.), holding them for a longer period beyond the trading horizon isn't a problem at all.
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"All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out..” - Peter Lynch
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rajnsharma
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Joined: 31/Jul/2009
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![Reply](forum_images/reply.gif) Posted: 07/Apr/2012 at 9:31pm |
Got my copy of "Finding the next StarBucks" by Michael Moe from Flipcart today. Finished first chapter so far. Looks very interesting.
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Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett
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Koti_gunda
Senior Member
Joined: 29/Nov/2009
Location: India
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Posts: 126
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![Reply](forum_images/reply.gif) Posted: 07/Apr/2012 at 11:59pm |
Originally posted by rajnsharma
Originally posted by prudentinvestor
Have decided to divert all profits from short term trades in buying quality books this year.
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Good idea. IMHO books should be bought whenever you have some time to read . On a lighter note just wondering what you will do when there are losses![Wink](smileys/smiley2.gif) . |
May be he will sell some books to cover the losses ![Wink](smileys/smiley2.gif) .
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prudentinvestor
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Joined: 23/Jan/2011
Location: India
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Posts: 453
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![Reply](forum_images/reply.gif) Posted: 11/Apr/2012 at 12:01pm |
Originally posted by Koti_gunda
Originally posted by rajnsharma
Originally posted by prudentinvestor
Have decided to divert all profits from short term trades in buying quality books this year.
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Good idea. IMHO books should be bought whenever you have some time to read . On a lighter note just wondering what you will do when there are losses![Wink](smileys/smiley2.gif) . |
May be he will sell some books to cover the losses .
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So far so good. Ordered today "Beating the street" by Peter Lynch. Til now I have read "One up...." thrice, this book never fails to impress me. Hats off to the maestro.
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"All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out..” - Peter Lynch
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rohit1889
Senior Member
Joined: 25/Jun/2011
Location: India
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Posts: 518
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![Reply](forum_images/reply.gif) Posted: 12/Apr/2012 at 12:16pm |
A kind request.
Does anyone staying in Mumbai/Pune has this book india's money monarchs conversations with leading investors by Chetan Parikh? This is one awesome book. Its out of stock at all the stores. Please, if someone has the book and stays in Mumbai/Pune, PM me. I'll get the book xeroxed. If anyone has the softcopy, pls post the link. Please help me. I've been looking for this books for the past few months.
Edited by rohit1889 - 12/Apr/2012 at 12:59pm
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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rohit1889
Senior Member
Joined: 25/Jun/2011
Location: India
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Posts: 518
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![Reply](forum_images/reply.gif) Posted: 12/Apr/2012 at 11:34am |
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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