Daily international business and finance news, comment and analysis.
Freetrade does not provide investment advice and individual investors should make their own decisions or seek independent advice. The value of investments can go up as well as down and you may receive back less than your original investment. Tax laws are subject to change and may vary in how they apply depending on the circumstances.
Can I recommend both one up on Wall Street, and beating the Street both by Peter Lynch (the guy in my avatar ) really fantastic and inspiring reads.
He worked in fund management for fidelity for many years and he shares a lot of his insights, he was extremely successful in his management of the flagship Magellan fund, beating the market consistently over the 13 year period.
What I really like the most about the books is he shares successful investing strategies but also relates it completely to a retail investor who doesn’t have the tools and constraints a fund manager has.
Probably not (though I suppose you could argue that the wealthy are happy to pay 2&20 or 1&10 or whatever it is these days for the visceral excitement of maybe getting in on the next big thing).
I’m a big fan of the morning (almost afternoon as they’re US based) newsletters. Two more I would consider are Bloombergs 5 things to start your day and Wall Street breakfast by Seeking Alpha.
Common Stocks and Uncommon Profits by Philip Fisher. This book strongly influenced Warren Buffett and Philip Lynch, and will get the aspiring investor thinking about how to ask probing questions when meeting management. Fisher is know for using ‘scuttlebutt’, i.e. the qualitative information gathering that great investors combine with their numbers and chart work.
Here’s something a bit different - the short seller who was featured in Netflix’s Dirty Money, betting against Valeant, now has a twitter account. She’s sharing here latest theses there & has Wirecard in her sights -
Obviously short sellers have a big financial incentive to make the companies that they’re betting against look as bad as possible & like anyone else, they may get it wrong. But if you think that their research is trustworthy, you can learn a lot from following them