How To Make Better Investments? QMB 1021

• The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett
• If stock market experts were so expert, they would be buying stock, not selling advice. – Norman Ralph Augustine
• In the short run, the market is a voting machine. But in the long run, it is a weighing machine. – Ben Graham
• One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. – William Feather
• Everyone has the power to follow the stock market. If you made it through fifth grade math, you can do it. – Peter Lynch

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• Investing is the same as gambling.
• The stock market is just for rich people and brokers.
• Buying a stock simply because its market price has fallen is a good strategy.
• Stocks that go up must come down.
• A little knowledge is better than none.

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• The Greatest Trade Everis a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis–that outwitted Chuck Prince, Stanley O’Neal, Richard Fuld, and Wall Street’s titans–to make financial history.

• The New Financial Order:Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions–risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies.

• What I Learned Losing a Million Dollars: The story of Jim Paul’s meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all—his fortune, his reputation, and his job—in one fatal attack of excessive economic hubris.

• When Genius Failed: The Rise and Fall of Long-Term Capital Managementis a business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management.

• The (Mis)Behavior of Markets: Benoit B. Mandelbrot, one of the century’s most influential mathematicians, is world-famous for making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these classic lines we can now add another example: Markets are not the safe bet your broker may claim.

• A Random Walk Down Wall Street:Today’s stock market is not for the faint of heart. At a time of frightening volatility, what is the average investor to do? The answer: turn to Burton G. Malkiel’s advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or 401(k),A Random Walk Down Wall Streetnow features new material on “tax-loss harvesting,” the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity.

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