Anodyne
Monday, February 05, 2007
 

Recent reading: as above. I'd been hearing about this one for a while, but the everything-but-the-free-set-of-Ginsu-knives tone was offputting. As it turns out, You Can Be a Stock Market Genius is a lucid and well-written discussion of "special situation" value investing: mergers, spinoffs, bankruptcy, "risk arbitrage" & etc. Loads of real world examples, with step-by-step calculations that even this gift C+ in Math 12 could follow, and -- even better -- a colloquial, you-can-do-this tone that brought my Beck Depression Inventory score way, way down from last week. "The idea behind this book was to let you know about a snowball sitting on top of a hill, to provide you with a map and enough rope and climbing gear so that you can reach [it]. Your job -- should you choose to accept it -- is to nudge it down the hill and make it grow." Corny perhaps, but the metaphor speaks to me.
- posted by cjb @ 11:41 PM


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