Thursday, August 18, 2011

Book Roundup

Can't call these reviews because the books were so bad I didn't finish them.

Selling Short (Joseph Walker): A shade worse than useless. The very basics of shorting are covered much better on wikipedia; the hedging strategies includes advice like writing a put against a short position and trusting the professional skills and risk management of wall street.

The Disciplined Trader (Mark Douglas): Guess I didn't drill down in the amazon reviews enough. This one is spot on; the book is simplistic and new age-y. New age is fine if that works for you, but then do yoga and meditate, don't read this.

And one good one, but a short note will suffice:

Market Wizards: Interviews with Top Traders (Jack Schwager): Very good light reading. Felt similar to reading hedge fund letters. Interesting noting where the different interviewees differed and where they were the same (who's this Martin Zweig character?). Jim Rogers' stood out as the best. Incredible how a lot of his concerns were so similar to problems today (still? again? I will definitely read his books now; if those concerns can last through the market returns of the last twenty years, that's very important to know).