Investing Resources

I have listed a few investing resources which I have found very useful. The customary pinch of salt is that though its very important to read and learn from the investing experiences of others, its as necessary to start investing! There’s no fun in being an armchair expert and tell people that you made some pretty awesome calls which played out well. More importantly why don’t you want to be the one profiting from these calls? Sure, you might make a mistake, lose a fat amount. That’s part of investing! But I assure you if you don’t start you will never really learn investing!

Investing books

  • Intelligent Investor – Benjamin Graham
  • Security Analysis – Benjamin Graham
  • One up on Wall Street – Peter Lynch
  • Common Stocks and Uncommon Profits – Phil Fisher
  • The Little Book that Builds Wealth – Pat Dorsey
  • Devil take the Hindmost – Edward Chancellor
  • Alchemy of Finance – George Soros
  • Confessions of a Wall Street Analyst – Dan Reingold
  • The Black Swan – Nassim Nicholas Taleb
  • Julian Robertson: A Tiger in the Land of Bulls and Bears- Daniel A. Strachman

Finance Textbooks

  • Financial Management – I.M. Pandey
  • Principles of Corporate Finance – Richard A Brealey, Stewart C Myers, Franklin Allen, Pitabas Mohanty

Economics

My reading of economics tells me that a lot of what is taught in textbooks is dogmatic. A lot of what is taught is theoretically valid only in the case of limiting conditions that are sometimes unrealistic. The recent financial crisis of 2008-09 is proof enough of mistakes that wizards in ivory towers can do that have immense global repercussions. I am very interested in the Austrian school of economics with its emphasis on common sense rather than numbers and arcane models which have their imperfections.

But again, I pick and choose what makes sense to me. After all, like a quote goes,

“Every dogma has its day.”

Here are a list of books that I promise will be very interesting reading.

Economics books

Free downloads

I have collected together some free downloads that cover the areas of real estate investment, home loans and equity or stocks. I have created them with an intention right from the start that they should be easy to understand even for a beginner.

I hope you find them useful!

Home loan tenure – how much are you paying to the bank?

What happens to your real estate investment if prices crash?

Understanding debt and equity with the help of mangoes

HDFC Crest ULIP – Discontinue or Continue?

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