How I Made $2,000,000 in the Stock Market by Nicolas Darvas is my latest read. I just came across this line at the end of Chapter 3, and wanted to repeat it here:
"What, I asked myself, was the value of examining company reports, studying the industry outlook, the ratings, the price earnings ratios? The stock that saved me from disaster was one about which I knew nothing. I picked it for one reason only -- it seemed to be rising."
Monday, May 17, 2010
My godmother recently passed away, leaving me with her interest in several assets. If given the chance to liquidate some of these assets at actual, par value, then I may finally get a chance to start that full-time investment company (a.k.a. hedgefund) that I've been planning. If that ever happens, I'm going to make my traders dress up like superheroes and work in a spacious office surrounded by computer equipment that I'll buy surplus from the 1960's. I think it'll look a little something like this: