Finding the Next Starbucks by Michael Moe
Posted by admin on Feb 29, 2008
Written by the founder and CEO of ThinkEquity Partners LLC, Finding the Next Starbucks is a must read for growth investors.
Without much long and winding elaboration, Michael Moe’s explanation hit straight to the point. I love the easy explanation with supporting data. Even if you don’t know anything about investing in stocks, this book can help you start from scratch.
The first chapter had already grabbed my full attention that I drop reading other great books on hand. As mentioned on the book title, to get the maximum gain from stock investing is to find the next gem which is still hiding under the radar. In the long run, the growth rate is the key to determine the future value of a particular growth company.
Get your copy and I guarantee that you won’t regret it. If the book doesn’t excite you, sell me your copy.
Jim Cramer’s Real Money: Sane Investing in an Insane World
Posted by admin on Dec 2, 2007
By K. Johnson
Here are some of the rules that we are pummeled with again:
Cramer’s 25 rules:
RULES:
1. Bulls, bears make money, pigs get slaughtered.
OK, Mr. Gecko.
2. It’s OK to pay the taxes.
Specifics on how to reduce and write them off?
3. Don’t buy all at once.
Dollar Cost Averaging
4. Buy damaged stocks, not damaged companies.
Buy value
5. Diversify to control risk
Diversify, diversity, diversify - if you don’t have a clue what you are investing in.
6. Do your stock homework.
Sounds like a good idea. Or you can pay a venal discount broker.
14. Expect, don’t fear corrections.
Just sell before the tank.
15. Don’t forget bonds.
As set allocation and diversify, diversify, diversify.
23. Beware of Wall Street hype.
Agreed.
“Wall Street is the only place I know where people drive Rolls Royces and give money to people to invest who take the subway to work.” –Warren Buffet.
An important piece of advice for me is to just ‘cut the loser.’ If something has been a dog for a sooooo long, sell it, and move on. How many people just sit and look at a declining chart, and just do nothing? Would you buy it now? If not, then jettison the dog.
Jim Cramer is entertaining. In subject matter such as quarterly reports and balance sheets, his energy, enthusiasm, and eccentricity is needed and welcomed. Otherwise, we might fall asleep. We need a good balance of a hype : substance ratio.
“Confessions of a Street Addict,” was enthralling, and Cramer is one of those “experts,” who has proven himself being a top-end trader and extremely successful hedge fund manager. This said, today is today and his picks for the future in the year 2000 were of companies that have collapsed: they are gone. Don’t even exist.
However, what I like in his latest book here, is that he bucks (a little) the safe, boring, and potentially lethal strategy of “buy and hold” (forever). If a broker or trader is good, they don’t buy and hold, they buy right, sell right, and sit on growth right.
This book is marketed with some “RA-RA” and toward people who want to learn how to calculate a P/E ratio. He does advocate spending one hour a week studying each company that you hold stock in. However, this book is not for those who want to “learn” how to invest or pick stocks and mutual funds better. It’s interesting for those that are interested in the market, even if occasionally, as well as the people in it, and the stories behind it.
Jim Cramer’s Real Money: Sane Investing in an Insane World
