By Ian McGugan on December 12, 2006 Estimated reading time: 2 minutes
Golf swings and guppy love
By Ian McGugan on December 12, 2006 Estimated reading time: 2 minutes
Where to find investing ideas for 2007.
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Where to find investing ideas for 2007.
Infectious Greed by Paul Kedrosky (free, Paul.Kedrosky.com)
Kedrosky is both an academic and a venture capitalist. He divides his time between Canada and the U.S., while somehow finding the energy to write a darn funny but also informative blog about what he calls money culture. Here you’ll find insights on the market and on venture capital. Better yet, you’ll discover whether having a CEO who’s a good golfer tends to hurt a company’s stock market performance. (Short answer: yes.)
Our take: A must stop, especially if you’re interested in technology investing.
The Little Book of Value Investing by Christopher H. Browne ($23.99, Wiley)
A useful introduction to finding undervalued stocks by a managing director of Tweedy, Browne, the famed value investing firm. He takes you through the theory behind value investing then shows you how to put a stock under the microscope.
Our take: Browne isn’t a particularly graceful writer, but his book offers a great crash course in the essentials of stock picking.
More than you know by Michael J. Mauboussin ($31.69, Columbia University Press)
The subtitle of this book is Finding Financial Wisdom in Unconventional Places and Mauboussin, a Wall Street equity analyst, delivers on that promise. He demonstrates how Tiger Woods’s golf swing, Tupperware parties and guppies’ mating behavior all contain lessons for investors.
Our take: A fast, fun read and one that will stretch your notions of where to find stock market ideas.
Make Money, Not Excuses by Jean Chatzky ($32.95, Crown)
This book by a Time magazine columnist offers eminently practical advice mostly for women, but suitable for guys, too on how to get your personal finances in order, starting with four simple rules: make a decent living, spend less than you make, invest the rest, and protect yourself from disaster.
Our take: Chatzky’s focus is purely on the U.S., so you’ll have to do some cross-border translation, but we like her down-to-earth tone and practical tips on everything from how to save to how to shop.
Annual Reports 101 by Michael Thomsett ($24.95, Amacom)
If you’ve ever wanted a plain English guide through accounting jargon, this is it. Thomsett, a former accountant, explains how to break down an annual report to spot potential problems or opportunities.
Our take: One of the clearest, most helpful books we’ve seen on how to decipher a financial statement.