The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: AdrianC on February 01, 2016, 07:07:26 AM
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If you're not familiar with "Mr. Market" here's a short read:
https://en.wikipedia.org/wiki/Mr._Market
If you're not planning on being FIRE any time soon you really should want Mr. Market to be very pessimistic.
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Thanks, I had seen that word several times and never realized it referred to a specific book
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(https://41.media.tumblr.com/9331219685b16509cfcbad50cfdaf204/tumblr_n880a15acK1r6rjufo2_500.png)
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Thanks, I had seen that word several times and never realized it referred to a specific book
The Intelligent Investor IMO is one of the best books I have ever read on investing and understanding the market in general.
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Thanks, I had seen that word several times and never realized it referred to a specific book
The Intelligent Investor IMO is one of the best books I have ever read on investing and understanding the market in general.
agreed in that its a must read!
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The Intelligent Investor IMO is one of the best books I have ever read on investing and understanding the market in general.
Yes, though it's a bit archaic. The chapter describing Mr. Market is a must-read.
I posted about Mr. Market after reading several posts from apparently newbie investors worried about short term drops in their 401(k)s.
Maybe we need to break out the hamburger metaphor:
“To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they will be buying — except stocks. When stocks go down and you can get more for your money, people don’t like them anymore.” - Warren Buffett.
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If anyone wants to read the actual Parable of Mr. Market from the book, I included it in a recent post:
http://www.mrtakoescapes.com/2016/01/16/mr-markets-hangover/
That said, the Intelligent Investor is an outstanding book, and probably worth owning.
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The Intelligent Investor IMO is one of the best books I have ever read on investing and understanding the market in general.
Yes, though it's a bit archaic. The chapter describing Mr. Market is a must-read.
I posted about Mr. Market after reading several posts from apparently newbie investors worried about short term drops in their 401(k)s.
Maybe we need to break out the hamburger metaphor:
“To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they will be buying — except stocks. When stocks go down and you can get more for your money, people don’t like them anymore.” - Warren Buffett.
Agreed that while a good read, it's really only 3 (maybe 4) of the 20 chapters that take it to the "great" level. The updated version with added commentary from Jason Zweig added a nice touch though.