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Today at a Glance:
Lesson From the Book: The world through a stockpicker’s eyes
Tweet: Investing Book Summary
Quote from Ian Cassel
Snippets: 5 Snippets from different books
The world through a stockpicker’s eyes (Book)
Doctors know which drug companies make the best drugs, but they don’t always buy the drug stocks. Store managers and the people who run malls have access to the monthly sales figures, so they know for sure which retailers are selling the most merchandise. But how many mall managers have enriched themselves by investing in specialty retail stocks? Once you start looking at the world through a stockpicker’s eyes, where everything is a potential investment, you begin to notice the companies that do business with the companies that got your attention in the first place.
Investing is not an exact science, and no matter how hard you study the numbers and how much you learn about a company’s past performance, you can never be sure about its future performance. What will happen tomorrow is always a guess. Your job as an investor is to make educated guesses and not blind ones. Your job is to pick stocks and not pay too much for them, then to keep watching for good news or bad news coming out of the companies you own. You can use your knowledge to keep the risks to a minimum.
If you want to buy a share and become an owner of the public company of your choice, the company can’t stop you. And once you’ve become a shareholder, they can never kick you out.
One Tweet
One Quote
Never average down after a mediocre quarter. 90% of the time another one is coming right behind it.
- Ian Cassel.
Interesting Books Snippets shared during the Week
1. You aren't alone who sold future multi-bagger at an early stage :) {Book}
2. Don't sell just because the price moved up or down, or because you need to realise a capital gain to offset a loss. (Book)
3. Understand How Wealth is created (Book)
4. Differentiating Good Investment And Good Business (Book)
5. One of the most difficult intellectual confessions is to admit you are wrong. We misjudge stubbornness for conviction (Book)
Great Books Deals Of The Week
4. Free Book
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