Showing posts with label Investing. Show all posts
Showing posts with label Investing. Show all posts

29 September 2018

Book Review: Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober

Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober

What would you be willing to pay to learn how to make millions of dollars? Would it be worth it to you to spend less than $20 to learn many of the secrets one man used to make millions? In his book Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years, Marcos Jacober reveals many of the strategies he used to make millions in real estate tax liens.

This book is a relaunch of his previous book The Secret to 24% Returns Guaranteed By Law!: How a Brazilian Immigrant Went From Truck Driver to Millionaire in Four Years.

Some may see this book as a glorified sales brochure that you pay for. It isn’t. Readers are provided with most of the information they need to get started investing in tax liens. There is also a free website which provides the reader with most of the rest that is needed to get started.

Any information this book does not provide must come from the individual county or tax district. The potential investor must do a little leg work that Mr. Jacober simply could not provide because it is determined on a county by county basis.

We give Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober and the previous version, The Secret to 24% Returns Guaranteed By Law!: How a Brazilian Immigrant Went From Truck Driver to Millionaire in Four Years all five stars. It is entertaining and informative.



We were sent a complimentary copy of booth of these books. We are under no obligation to write any review, positive or negative. We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.  

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

PS Annie! is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

25 June 2018

Book Review: Security Analysis, Sixth Edition by Benjamin Graham and David Dodd

Security Analysis, Sixth Edition by Benjamin Graham and David Dodd

In the forward to this edition of Security Analysis, Warren Buffett tells us that he has four books in his library that he treasures most. Two of those books are first editions: The Wealth of Nations and The Intelligent Investor. The other two books are both Security Analysis. One of those books was owned by Dodd and has notes throughout it to be included in the second edition of the book.

This particular edition is great in that it has the text of the second edition, but it also has the first edition on the accompanying CD. There are extensive notes on the CD.

Security Analysis is long, but it is not a dry, boring book. It is very informative and easy to read. The only problem I see with it is the inconsistency of the layout of tables. Some tables go from early years to later years and others run in reverse order. This means in order to digest the material, you first must take a look at the years column to see if things are improving or getting worse as the years go by.

This edition has a copyright of 2009, but it says practically nothing about the 2007-2008 situation. It would be great if the next edition also covered those years and if the editors would include a few color charts and graphs. It would also be great if all the articles referenced in the footnotes were included on the accompanying CD.

The authors speak of the Efficient Market Theory and that, if it is correct, all information is already included in the price of the security. This could only be true if humans were not a part of the equation. As long as we have humans, we will have people who believe in one idea and most others will follow in their footsteps.

Since the Market is a voting machine, there will always be the opportunity to find a security that is not trading at its true value. Most investors trade with the crowd. As long as that is the case, those who actually analyze securities will be able to find value stocks.

Our library obtained this copy of Security Analysis from another library. I was the first ever to check this particular copy out. It has been sitting on their shelf nine years and never been opened. It is a pity that such valuable wisdom is sitting on a shelf and has never been read. You should be the one in your group to buck the trend and obtain this valuable information.

Most in the financial world have not read this book. You will have a secret source of insight into Mr. Market once you read this.

We have to give this edition all five stars. Although it was written in 1940, it is just as useful today as it was many years ago.

We checked a copy of this book out from the Wharton County Texas Library through their Interlibrary loan service.

We are under no obligation to write any review, positive or negative.  We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.  

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.
------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!
 
Please subscribe to David's YouTube Channel. Thanks!


19 May 2018

Book Review: Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain

Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain

By now anyone who has read our reviews knows we read a great deal about Warren Buffett's investing style.

Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain helps would-be investors to learn a little more about how the Oracle of Omaha approaches investing.

Jain writes in an easy-to-understand style with many analogies to back up what he is trying to teach his readers.

We would love to read a book on investing written by Buffett. Unfortunately, he has yet to write one. The next best thing is to read books written by people who have studied his ways and have tried to imitate his investments.

We would love to know how Buffett makes money if he buys stocks to hold forever, but doesn’t look for stocks that pay a dividend.

The more we read about Buffett, the more we want to know. Buffett Beyond Value helps answer some of our many questions. We give it all five stars.

We borrowed a copy of this book from the Wharton County, Texas Library. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.
------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!
 
Please subscribe to David's YouTube Channel. Thanks!

11 May 2018

Book Review: Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin

Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin

The category listed on the back of Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin is fiction. I am not at all sure that is correct.

The back of the book states “In this book, the author recalls his career and explores how to afford retirement…” I am not sure all of that is entirely accurate either.

Readers really aren’t given any significant investing for retirement information. However, readers are treated to an inside look at the life of the author. This look does not appear to be fiction. Who could make this stuff up?

We live in a completely different world from the author. Marin does not see a $35 parking ticket as a significant expense, whereas we will drive out of our way to keep from having to pay a $1 toll on the toll road in Houston. For us, $35 is 3% of our monthly income.

We really would love to read more of Marin’s writing, especially a little more detailed look inside Bear Stearns and Bankers Trust.

We give Gulag 401(k): Tales of a Modern Prisoner all five stars. It is an extremely well-written story that takes us through the author’s very interesting career. We follow Marin from his first day at work on his first job at Bankers Trust to his time as a teacher at a university, all the way through to his planned retirement.

One can learn a lot about the financial world. Marin does a better job at describing the financial meltdown at Bear Stearns than many of the books we have read that were written to specifically address that particular era in American history.

We would love to read a book that was a compilation of this author’s in-the-trenches stories of big business and big finance.

Yes, the back of this book is a little misleading. However, readers will not be disappointed. Readers will be entertained and they just might learn a little bit about preparing for retirement through the eyes of someone who has blazed a trail ahead of us. You should order your copy of Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin today. Maybe give one to a friend.


We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!
 
Please subscribe to David's YouTube Channel. Thanks!

24 January 2018

Book Review: Stocks for the Long Run 5/E: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies by Jeremy J. Siegel

Stocks for the Long Run 5/E: The Definitive Guide to 
Financial Market Returns & Long-Term Investment Strategies 
by Jeremy J. Siegel


Many of us would like to invest in stocks, if we just 
knew how to go about it.  We are often presented with 
a world of different ideas and theories about how to 
time the market.

Stocks for the Long Run gives us some historical data 
and helps us to see what would have happened if we had 
used prevailing wisdom at the time to attempt to time 
the market.

This book does not tell you the one best way to invest, 
because there is none.  It simply presents the different 
beliefs and presents the historical data to show us how 
the trends and prevailing wisdom, at that time, would 
have worked regarding our investment.

We give Stocks for the Long Run all five stars.  It is 
very well-written and impeccably well-researched. We think 
anyone who is a wannabee investor should read this.




This book was a Christmas present. We are under no 
obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal 
Trade Commission's 16 CFR, Part 255.



Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit 
from your transaction, at no additional cost to you. Thank you for your support.
------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response 
to your comment.  Thank you!
 
Please subscribe to David's YouTube Channel. Thanks!

02 August 2017

Book Review: Investment Strategies for Tortoises By Robert G. Kahl


Investment Strategies for Tortoises
By Robert G. Kahl



This is not a casual read. Investment Strategies for Tortoises by Robert G. Kahl is really written towards the student of investing who seeks some in-depth knowledge, including a little financial history regarding investing.


This is not a book that will spoon-feed the reader watered-down investment advice.  There are already many books out there that are self-serving, designed to look like investment advice, but are really disguised advertisements.

You won’t find that in Investment Strategies for Tortoises. What you will find is a very well-written, well-researched instruction manual designed to explain information needed to invest wisely in today’s market.

We give this book all five stars.  We think it is a must-read for anyone who is contemplating investing.  It will help you understand the different terms and forms of investing.




We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.





Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.
------------------------------------------------------------------------------------------------------
Please be sure to visit David over at Random Thoughts and Observations.

I respond to all comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!
 
Please subscribe to David's YouTube Channel. Thanks!