1) The Intelligent Investor - Ben Graham :
Classic book, suggested by investors all over the world. Start with this book.
** MEGA THREAD ON INVESTING **
I was thinking about what kind of resources I'd want to have if someone has to start learning investing right now, the ones I wish I had two three years back.
This thread is a compilation of the best resources I have come across. ๐๐๐
1) The Intelligent Investor - Ben Graham :
Classic book, suggested by investors all over the world. Start with this book.
Peter Lynch covers his strategies to find 10 baggers, and describes how an average Joe can do as well as the pros with simple methods and rock solid discipline and consistency backing it.
This is a Phil Fisher classic.
It's on the other end of the spectrum as the book dives into a deep qualitative approach in value investing rather than being fully quantitative like Ben Graham's.
Another book by Ben Graham that dives deep into analysing and understanding the valuations of any company you pick up to study.
This is one of the best investment books, coming from Howard Marks who has made his career making billions for his investors by trying to be slightly better than the average, and following timeless investing wisdom.
All of Warren's essays compiled together in a sequential fashion.
This is a treasuretrove of wisdom, as you get to see how Warren has progressed over years and his wisdom transcending generations of investors.
For years, Howard Marks has been putting out quality advice through his Oaktree Capital investor memos.
These combined with Warren's annual letters form an amazing combination of getting into the headspace of two brilliant investors of our generation.
This book by Joel Greenblatt is quite small, a no-nonsense book that really distills investing down to the barebone essentials and this method has worked (continues to work) in the stock markets.
But I believe that these eight are enough for you to learn investing theoretically and practically, and the best thing to do after reading these is to start applying what you learnt, in your analysis and research.
1) [Preston Pysh](https://t.co/DQIIP7TMj9)
Started the We Study Billionaires podcast, and covers Buffett style investing and Graham & Doddsville investors.
This is the Option Alpha channel - focuses predominantly on Options.
As investors, it's a very valuable skill to have, to know the ins and outs of options so that you can protect your portfolio come hell or high water.
This channel covers takeaways from investing books, and profiles several legendary investors.
This is one of my favorites. He's a damn good, level headed, sensible guy who talks common sense investing and diversification. My favorite because he mixes humor in most of his commentaries and explanations about things.
This is very underrated. Mr. Parikh's legacy is in this channel.
PPFAS annual meetings and regular investor meetings are uploaded here.
Mohnish is absolutely one of my favorite investors from India.
He rarely posts, but when he does post, it's usually one of his lectures or discussions with someone, and there's a lot of wisdom to take from them.
The keynote lectures and annual conferences posted here are worth their time in gold for those interested in value investing.
Famously called the Dean of Valuation, he's hands down the best guy you should learn Valuation and Corporate Finance from.
He's made his NYU class lectures available along with homework, assignments, etc., on his youtube channel.
Common sense personal finance videos is this guy's forte.
This one is not about investing, but about trading for most part, but one of the best channels to also learn about the other side of the coin.
Moving on, let's look at some of the best and most useful websites for investors.
This is truly an archive of Warren Buffett's work over the years.
From videos, clips of him spitting timeless advice, to his speeches, his annual letters, you can find everything there.
One of the best website hands down for beginners to go through and devour, when you start in the field of investing.
Concepts are made into simple digestible chunks and it's a breeze to learn from.
This is an incrediby useful forum for investing, with a strong community around it.
I picked up a lot of insights about companies I was researching on, from this website's discussion forum.
This is a collection of all the memos that Howard Marks has written since the early 1990s.
This is not WallStreetBets. This is a community where serious investing discussions take place. Lot of times, you can find some very good information about companies you're researching on, here.
This is a damn good blog on investing and trading altogether.
I personally love this website and the opinion pieces they write, and their pieces on market updates. Truly one of the best blogs to follow.
An Indian blog, curating the best of financial market updates from all over the world, focused more towards the Indian market.
I have learnt so much from this blog and the brilliant curation that's being done in it. Bookmark worthy!
This is a social media for investing.
You can see updates about stocks in Facebook feed style from different investors around the world.
You get to receive information first hand as a participant in this social media-ish website.
This website, combined with [ValueResearchOnline](https://t.co/oqakyn0pN9) are both very good sources of fundamental information and market updates.
Way better than moneycontrol any day.
1) @10kDiver - His deep dives on investing related topics is brilliant.
It's a crime not to follow him.
3) @sweatystartup - Lots to take away from this guy in terms of wisdom regarding the market, business, life.
5) @Post_Market - Level headed investment insights and psychology.
6) @iancassel - Everything small and microcap investing.
8) @mjmauboussin - Very good account for tweets on behavioral aspect of investing and on mental models.
10) @IndiaETFs - Neatly compiled data on Indian ETFs, Index Funds, and Mutual Funds. Check their pinned tweet for more details.
Somehow he gets the exact levels, exact timing, exact points of breakouts, reversals, market pauses, etc., and I don't even know how.
This guy is a technical analyst I'd suggest as a **MUST-FOLLOW** account.
These screeners are the best of all screeners and fundamental information platforms available on the web.
It has data of almost all the currently listed companies for the last 10 to 12 years, with filtering/querying capabilities.
Good user experience, minimal and no-nonsense platform.
More from Shravan Venkataraman ๐ฅ๐๐ฐ
Have you ever had 4-5 profitable trades in a row, and you bet all your profits on your next trade feeling "in the zone" only to lose it all?
That's called as "hot-hand fallacy" bias.
I ran a poll recently to outline two classic biases we have as humans.
Thread below ๐๐
1/ *Hot-Hand Fallacy* first had its origin in the game of basketball.
If a player shoots few baskets in a row, people generally predict that the next shot will also be a basket.
This is ignoring the fact that each shot is independent of the ones that came prior.
2/ In this poll, 41.1% people voted that the batsman who hit 4 sixes in a row, will hit a sixer in the 5th ball also.
This is classic hot-hand fallacy.
Each ball's outcome is independent.
The probability is not 50% FYI (number of outcomes is not 2).
These 148 people who voted that the next ball will also be a sixer, did so because they believe that the batsman is on a hot streak, and that his streak would continue.
This is an emotional bias and is usually attached to human performance related events only.
3/ 45.3% (162) people voted that the 5th ball would be a dot ball, meaning the batsman wouldn't score anything.
These people displayed the classic "negative-recency" bias, which is also called the "Gambler's Fallacy".
That's called as "hot-hand fallacy" bias.
I ran a poll recently to outline two classic biases we have as humans.
Thread below ๐๐
Let's say you see a cricketer hit four 6's in a row.
— Shravan Venkataraman \U0001f525\U0001f680\U0001f4b0 (@theBuoyantMan) December 30, 2020
If you have to bet on the next ball's outcome, what would you bet on?
1/ *Hot-Hand Fallacy* first had its origin in the game of basketball.
If a player shoots few baskets in a row, people generally predict that the next shot will also be a basket.
This is ignoring the fact that each shot is independent of the ones that came prior.
2/ In this poll, 41.1% people voted that the batsman who hit 4 sixes in a row, will hit a sixer in the 5th ball also.
This is classic hot-hand fallacy.
Each ball's outcome is independent.
The probability is not 50% FYI (number of outcomes is not 2).
These 148 people who voted that the next ball will also be a sixer, did so because they believe that the batsman is on a hot streak, and that his streak would continue.
This is an emotional bias and is usually attached to human performance related events only.
3/ 45.3% (162) people voted that the 5th ball would be a dot ball, meaning the batsman wouldn't score anything.
These people displayed the classic "negative-recency" bias, which is also called the "Gambler's Fallacy".
Hedge Funds spend millions of dollars per year to access high quality financial datasets.
Retail sources cost anywhere from $5k-50k per year.
But, here are 11 data sources that have HIGH QUALITY and FREE data you can access right away.
๐งต ๐
1/ Alpha Vantage | https://t.co/ExlS7Jdnsz
Provides real time & historical equities, forex, and cryptocurrencies data across 60+ exchanges.
They provide both intraday and D/W/M timeframe data.
You can also access economic & fundamental data for last 20 years through them.
2/ IEX | https://t.co/drqeoU8Ee1
Investors Exchange provides historical data going back upto 15 years for US equities through API access.
You'll need an API key in order to access the API.
3/ EconDB | https://t.co/6mZxDeaJfh
This website provides economic data and economic indicators for almost all the countries in the world.
You can search for your preferred dataset through their search engine here
4/ Quandl | https://t.co/fW4PEQaW66
Quandl has financial and alternate data across 50+ exchanges, from over 300 sources.
They also have information on capital markets, energy, shipping, healthcare, education, demography, economics and society.
Retail sources cost anywhere from $5k-50k per year.
But, here are 11 data sources that have HIGH QUALITY and FREE data you can access right away.
๐งต ๐
1/ Alpha Vantage | https://t.co/ExlS7Jdnsz
Provides real time & historical equities, forex, and cryptocurrencies data across 60+ exchanges.
They provide both intraday and D/W/M timeframe data.
You can also access economic & fundamental data for last 20 years through them.
2/ IEX | https://t.co/drqeoU8Ee1
Investors Exchange provides historical data going back upto 15 years for US equities through API access.
You'll need an API key in order to access the API.
3/ EconDB | https://t.co/6mZxDeaJfh
This website provides economic data and economic indicators for almost all the countries in the world.
You can search for your preferred dataset through their search engine here
4/ Quandl | https://t.co/fW4PEQaW66
Quandl has financial and alternate data across 50+ exchanges, from over 300 sources.
They also have information on capital markets, energy, shipping, healthcare, education, demography, economics and society.
More from Screeners
This scan will give you linear/smooth/non-choppy trends which are great for pullback trades for working people.
#BroTip
#BroTip
If you want to trade only stocks with established trend/momentum, then you can look for stocks which have never(or barely did) closed below a certain MA (say 50MA) in the last say 50 days.
— Manas Arora (@iManasArora) November 8, 2021
There are countless ways to run scans. Just have to get creative. #BroTip
H&S tops with ascending/descending necklines https://t.co/cmRRHp5rlh
Sir Edwards & Magee discussed sloping necklines in H&S in their classical work. I am considering this breakdown by Affle as an H&S top breakdown with a target open of 770.
— The_Chartist \U0001f4c8 (@charts_zone) May 25, 2022
The target also coincides with support at the exact same level. pic.twitter.com/n84kSgkg4q
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I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
Speech Delay is most common in children nowadays
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"
In ancient times, our grandparents used to follow typical natural way of caring the needs of a child. All they used were more of natural products than chemical based for the growth of child.
One of major step followed was to feed Gurbach Jadd/ Vasa Kommu/ Acorus Calamus for initiating good speech ability in a child. This stem was needed to babies on Tuesdays and Sundays in mother's milk.
Vasa is feed to baby after the 1st bath on 12th day in week. Weekly only thrice it is fed and named as :
Budhwar - Budhi Vasa
Mangalwar - Vaak Vasa
Ravi Vaar - Aayush Vasa
This stem is burnt and rubbed against the grinding stone in mother's milk or warm water to get a paste
The procedure to make it is in the link
https://t.co/uo4sGp7mUm
It should not be given daily to the child. Other main benefits are
1. It clears the phlegm in child's throat caused due to continuous milk intake. It clears the tracts and breathing is effortless.
2. Digestion
For children who haven't got their speech and is delayed than usual should feed this vasa on these days in week atleast for 6months. Don't get carried away with this dialogue
"Some gain speech little late"