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Category: investing (Page 7 of 7)

The Snowball: Warren Buffett and the Business of Life – Alice Schroeder

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On December 30, 2012

In american, benjamin graham, biography, book, business, finance, history, investing, warren buffett

After reading many books and articles by Benjamin Graham, I decided to read about the infamous Warren Buffett. The Snowball: Warren Buffett and the Business of Life provides a lengthy and detailed account of the life of Warren Buffett. Although it offers no direct advice on investments, the reader will gain insight into the mind and lifestyle of one America’s greatest financial minds.

After reading the biography, I believe that his success lies in no specific investment strategy.  It is his overall outlook on life and common sense approach to investing which allows him to avoid the extremes of risk. (ISBN-13: 978-0553384611)

 

John Bogle on Investing: The First 50 Years – John Bogle

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On December 30, 2012

In book, investing, john bogle, mutual funds, stocks, vanguard

John Bogle on Investing: The First 50 Years provides a good insight into the mind of John Bogle, the founder of The Vanguard Group. The only  book I have read by Bogle, it explains in detail his belief that individual stock picking is not worth the effort.  Instead, Bogle argues that the variance of the return on a total market index decreases as an investor considers a longer time horizon. In other words, the fifteen year return will tend to converge toward the fifteen year average return. A more detailed explanation is provided in the book. This approach suggests that the best strategy would be to invest in a low expense fund that follows either the S&P 500, the Wilshire 5000, or some market index. (ISBN-13: 978-0071761031)

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