Investing and Trading: My Alma Mater? Books
The Blog Entry that Accompanies this YouTube Vlog is at: investorandtrader.blogspot.com My Daily Blog is at: investorandtrader.blogspot.com I’ve received a series of questions, that sort of relates to the same topic. These questions are along the lines of “Where did you receive your education? Where did you go to college? What books have you read? What books would you recommend on trading? What books would you recommend on investing? What books would you recommend on investing? I’m going to discuss that topic, in the videos in the next two entries …NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance
Video Rating: 4 / 5
Comments (page 0 of 1)
Jun 26, 2010 9:02 am |
Excellent videos thus far Dan. I completely agree with the alma mater. Myself, I am an college graduate. Comparing my self-teaching (which i’ve done since childhood) and what I received on-campus I will *always* endorse, as you do, the picking up of an good book (or three).
You are also quite correct about higher education being in an downward slide. I was *stunned* while on-campus at how little practical knowledge many of the instructors possessed. Obviously, sights are set low today.
Jun 26, 2010 9:16 am |
Self-taught man .. I respect.
Jun 26, 2010 9:19 am |
Thanks. Yeah, this video and it’s response are two that I really enjoyed making. Probably because I agree with the sentiment so strongly.
We’ve become an “entertainment hungry” society, instead of a society that thrives on learning and reading.
As you say: It’s probably why the education situation in this country is so screwed beyond words.
Jun 26, 2010 9:38 am |
Hey Dan, found this video, and I was amazed and agree! Read any book from that time period and look at the real world facts that it gives you!!!! We have destroyed our English language with TV and Rap music. I seriously feel this is why we are falling back in the world.
Jun 26, 2010 9:44 am |
True enough.
I did leave college with a heavy heart; although I knew in my position, it was the best thing to do. There was so much about ‘academia’ that I enjoyed.
Wow. On stocks under $1.00? That … is impressive.
Thanks again Angel,
Dan
Jun 26, 2010 10:05 am |
Dan,
You are right on target again. My younger brother only have a high school diploma and you would think he went to college because he is well read as you are. I remember he used to borrow my college philosophy text books just to read. By the way, he made $27,000 in three days trading under $1.00 stock last year in 2007. Home made education may have its risk as you put it but thank GOD not in the MARKETS or in your own business.
Angel
Jun 26, 2010 10:59 am |
Now mind you, I understand that with a college degree? You have the piece of paper that you are ‘expected’ to have by so many institutions in our society. So having a ‘self-taught’ or ‘home-made education’ has it’s risks, in that you do not have a ‘piece of paper’ to show an employer.
But then again – I decided to use my own intelligence and education for myself. To employ myself – and therefore – I need no slip of paper – even though I have one.
It’s all risk / reward ratios. 8^D
Jun 26, 2010 11:01 am |
By the time I was 24 years old? But it didn’t matter. I was judged on the past, and had $8,000 worth of debt? Just for an associates.
And because of my background? I market myself for folks who came from the same background that I came from. And quite frankly? If you come from humble beginnings? Any univerisity in the United States is a scam. A money making scam. I have attained 5,000 times the education on my own, for 1/1000 of the cost basis – that I would in college.
Jun 26, 2010 11:49 am |
So a kid like myself, that comes from an extremely ‘bad’ background? Faces college. Now I’m no dummy. I hate to say this, but I’ll say it to prove a point. I hold a 176 I.Q. I’m no dummy. But since my childhood background was so poor? I came out of High School with a 1.72 GPA. No college was going to help me out.
So I go to an associates? With a VERY poor economic background? I was instantly screwed. There was no helping me. I was just … screwed. I had the intelligence and will?
Jun 26, 2010 12:37 pm |
But every time I examine education? It’s all about the cost basis. High School education is a joke. Families are in such a state of disrepair in society today? That children who are in a bad situation (I was in that scenario) barely eek out an Academic education.
So colleges base their ‘generosity’ to children, based on their high school education. Of which may have been influenced, by an extremely poor domestic environment (more than 1/2 of all marriages fail, resulting in split families)
Jun 26, 2010 12:45 pm |
Dan,
I agree with a lot of things that you say but when it comes to education i disagree. I do have a masters and a BS in chemistry & mathematics at a major US University and from my experience i discovered that it was about what you wanted to get out of an education – there are a lot of courses that you can choose from inorder to satisfy people who want a high paying job,learn about starting a business, just for intelectual stimulation, or all the above.Inexpensive = STATE UNIVERSITIES.
Angel
Jun 26, 2010 1:18 pm |
Really appreciate your comments on wind energy. I’m going to do more research on the GE and DTE now. Thanks!!
Jun 26, 2010 2:17 pm |
Holy crud, I completely missed that it was 200! :^D
Thanks. Yeah, tomorrow I’ll get into what I would consider the top 6 books for traders, investors, and on economics.
Jun 26, 2010 2:28 pm |
Congratulations, Video #200!!
You are probably right about education.
Looking forward to the tomorrow’s video
Jun 26, 2010 2:56 pm |
That way, you avoid the whole “startup” risk that can come from cheaper stocks, that usually fail. As well, you avoid the trap of getting involved with a ‘fad’ stock. (I call stocks that go much higher off the bat, based on ‘media hype’ as a fad stock. Like Crocs (CROX). When a long time company is building a wind energy field, or a solar plant? I’d feel much more comfortable that I’d be avoiding a fad stock, that has very small earnings, but large expeditures on newer technology.
Jun 26, 2010 3:23 pm |
Well, usually, in this case – you’re talking about startups. And startups can contain a high degree of risk. Start-up companies fail at a rate of 85% on average.
What you may wish to look into, is solid, long term companies that are beginning to diversify into those areas. Companies like GE. DTE. Other utility companies that have been around a while, and are getting into wind and energy. Solid, long term companies have proven they know how to effectively allocate their capital
Jun 26, 2010 3:41 pm |
hello,
I just had a quick question, what do you think about investing or trading stock in wind energy. I’m new to this but I was just considering doing this. Do you have any thoughts on that??
Jun 26, 2010 4:06 pm |
Ok, now I’m blushing. I sincerely thank you.
Seriously, it’s sort of funny you bring up Adam Smith – as I’m going to mention Adam Smith in tomorrow’s video. :^)
Jun 26, 2010 4:57 pm |
The Wealth of Nations!
Reading a book is listening to the author. Listening to Adam Smith is almost as fun as listening to you.
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