Essential Reading for the Serious Investor
The biggest edge any investor can have is information. Warren Buffett says that when he was in his 20s and running his investment partnerships, his No. 1 goal was to get as much information as possible. Thanks to the Internet, investors have more information than ever before at the click of a mouse. Unfortunately, time is also valuable, and investors can waste a lot of time looking at the wrong information, or even ineffective or harmful information.
In addition to reading specific, company-related information -- annual and quarterly reports, conference calls and so on -- investors should read what great investors have to say. Understanding the specifics about a company and its industry is critical, but understanding other concepts such as market psychology, risk, USA Inc. and other mental models is just as critical. Buffett's annual letters are a must, of course, but there are other sources that I consider just as valuable. They are required reading if you truly are serious about investing. And the best part is that the sources I'm about to reveal are free to the public....525 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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