So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."

Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.

Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.

1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.

One of an interesting thing in Current stock market,is as soon as Saturn progressing after Retrogression phase, gained the speed in trine to Rahu - Both raw Metals & oil prices are doing good. At the sametime Rahu trine alignment with Jupiter has also boomed the bank market.

Trine movement of Rahu along with Saturn and Jupiter has broken all the bullish trend setter records and amplified the internal economy. In March 2020, Pluto, Ketu and Mars has totally shaken the market into bearish trend.Keep Remember Rahu is trend setter - Strong Bearish,

Ketu - is Trend breaker- Strong bearish.

Untill and unless Jupiter is keep moving aggressively without any affliction with Atichari Motion market will keep booming.

Period of Affliction will start from 21 December 2020 onward & when Sun will Join Jupiter in January 2021

Jupiter will be in its most aggressive motion, This is the period when Market will start fluctuating real bad in January month upto Feburary 2021 period.

From 4th of January 2021 onward upto 28th January, 10th Feburary 2021, as soon as venus moves toward dhanu & Capricorn, when complete Sarpa dosha will begin, Jupiter will be in super speed with Sun, there will be heavy conjunction of 6 planet's form in Capricorn-

OK let me try math again.

GoodStaking: you invest X, like you would in a savings account. After many years it produces Y interest, of which Y/2 go to the reserve over time, and Y/2 becomes G$ that you own.

No, that's wrong. Jesus.

The entire Y goes into the reserve, and that generates a Z amount of G$.

Z/2 goes to people as UBI.

Z/2 goes to you.

OK, so I wasn't that far off.

If I donate a large amount of money to the reserve, what I am doing is emulating a large Y. I'm taking a ton of money that I *have* (so it would be a "principal" today, a X) and pretending it's like a Y of someone else that will do GoodStaking.

The money that I have is a small X. It will generate a small Y. Instead, I want to take my small X and pretend it's a large Y, which would originate from a large X. That I don't have. Because I'm poor.

So if I want to make the largest possible impact into the UBI reserve, to make a splash, and help it be noticed, I can take the small amount of money I have, the X I have, and pretend it's a Y of staking, and time warp it to the present and use the X to buy G$ from the reserve.

Individual decisions will always supercede to those of masses.

One of the theories which justifies why ITC struggles to have a big rally as other stocks have.

FMCG stocks' analysis from a different
view

Thread:

It is always easy to convince 10 people that you have something valuable to offer than to convince the same thing to 1000 people.

The same thing happens with ITC too.

The total number of shares outstanding of various FMCG companies are as follows

PGHH : 3.2 Crores
Nestle : 9.6 Crores
Marico: 129 Crores
Dabur : 177 Crores
HUL : 216 Crores

And just have a guess at what might be the number for ITC.

ITC has 1229 Crore Shares outstanding!!!!

Obviously some portion is held by promoters and FII/DIIs and some portion is not available for trading on a daily basis because it has some lock-in period.

When does a rally happens in a stock?

When every investor is just trying to buy the shares and the supply is too low.

This is what happened in Ruchi Soya when the free float was so less that even a small demand caused the upper circuit in the stock.

Knowledge sharing initiative Book 4: "The interpretation of financial statements" by Benjamin Graham.

This book was published around 1937 by investing legend Ben Graham. Ben is also regarded as the guy under whom the great Warren Buffett started his investing journey.

This book teaches financial statement analysis in a very simple manner. It also focuses on the key relationship between P&L, B/s & Cash flow statements of a company.

Here are key takeaways from the book 👇👇

1.B/s shows how much a company owns (assets) & owes (liabilities) at a particular point in time mostly prepared on a semi-annual & annual basis.

2.Assets=Tangible (PP&E, inventories, accounts receivable, cash)+intangible Assets (trademark, lease rights, goodwill)

3.Liabilities=Short term debt (accounts payable,current portion of long term debt,advances from customers) + Long term Debt (bank loans,bonds,lease liability)
4.Tangible assets are written down through depreciation & intangibles are written down through amortization or impairment

5. Depreciation & amortization means normal wearing out assets over its typical lifespan. It allows the cost of the asset to be charged off (in the income statement) over a number of years.

6. Depletion gets applied in commodity businesses like cement, mining, and crude oil.

Possibly the greatest NBER abstract ever written.

The Great Man theory of history.... turns out to have some pretty strong statistical support.

School closures had NO EFFECT (precise null!) on socioeconomic outcomes and future schooling behavior during the 1918 pandemic.

The authors note that school closures were not as long back then.

But also school calendars were far shorter. So idk how it shakes out.

Informing men about the odds their wife will die in childbirth reduces fertility, increases marital satisfaction, and reduces mismatch in fertility preferences within couples (in Zambia).

1/ A primer on how I achieved end to end automation via algos.

First up, Why?

Trades execute the moment your setups trigger. No hesitating/panicking/worrying/overthinking when you need to take a new trade daily. That's why. Also, spend less screen time going fwd.

2/ How long for the whole process?

3 to 4 weeks for your easier/easiest strategies if you have some (bare minimum is enough) amount of coding experience. Even basic experience writing loops helps the process.

3/ Honestly tho, like seriously, can we do this in under 4 weeks? Yes, for simple strategies that don't use too many indicators. You can slowly build your other strategies later on once the simpler stuff is up and running.

4/ Costs involved:
- Zerodha API subscription (2k per month).
- Historical data subscription (2k per month). You can unsub after the first month if you don't need it.
- Udemy course (Price keeps changing but it's 490/- right now).
- AWS (Free tier for the first year)

5/ What language?

Python as it is relatively easy with a lot of inbuilt libraries. C++ is better and faster I'm told but it's not like you are running nanosecond HFT strategies with your peasant like retail capital.

Open letter to all S&P 500 benchmarked managers:

On Friday 12/18 at market close, $TSLA will enter the S&P 500 Index at an approximate 1.5% weight - the sixth largest weight in the S&P 500 index after $AAPL, $MSFT, $AMZN, $GOOGL, and $FB.

2/Goldman says 90% of you don’t own $TSLA, and you probably never had much interest in owning it, since it trades at 169x consensus 2021 EPS, and is +665% YTD. Surely you can ignore it for a little longer, and wait for it to come back down to Earth.

That would be a huge mistake.

3/ CNBC talking heads who know nothing about $TSLA have long proclaimed it to be overvalued. Celebrity shorts and sell side analysts who blindly compare it to other auto companies have been wrong about TSLA for years. Investors who I think are smart sound like empty suits...

4/ when they try to explain why $TSLA keeps going up.

I’ll tell you why $TSLA keeps going up, and why it could double again in 2021 (at 1.5% wt, a double will cost you 150 bp performance).

First, EVs will soon replace gas-powered cars, yet EVs today are just 3% of global SAAR.

5/ As with IPhone, once a customer goes EV, he/she never goes back. By 2025, EVs are likely to be 20% of global SAAR. Do the math: 20/3 = 6.7x = 46% CAGR.

Second, $TSLA is by far the global EV market leader, with 25% YTD global EV share. TSLA continues to grow its share...

Australian iron ore producer Fortescue (FMG AU) is a great example of how value investing often works in practice. In 2018 the stock was trading for A$4. It was cheap at spot iron ore - a mid single digit FCF multiple, even w historically high discounts on low-grade 58pc Fe (1/n)

The reason it was cheap was investors believed the increased 58pc discount was structural not cyclical, and benchmark iron ore prices of US$60-70/MT were not sustainable - Chinese demand would surely falter, and send prices down to US$40-50/MT (2/n).

I basically agreed with the market. That was also my expectation. But I decided to buy some anyway because I recognized I could be wrong, and if either iron ore prices stayed at US$60/MT or rose; OR 58pc discounts narrowed to historical levels, the stock would prove very cheap.

Meanwhile, the stock was fairly priced on the base case market expectation (mirroring my own), at perhaps a HSD FCF yield. Not many investors make an investment on the basis that they might be wrong, but I did due to (1) the asymmetry; and (2) the future being hard to predict.

So what happened? Unexpectedly, there was a Vale dam failure in Brazil, taking out several 10ms MT of supply. Chinese demand remained strong. 58pc discounts narrowed, and covid further interrupted Brazilian supply, while Chinese have stimulated infra to offset covid headwinds.

Knowledge sharing initiative Book 1 : "Mastering the market cycle" by @HowardMarksBook

This incredible book focuses on understanding why periods of recessions & growth occur frequently wearing lenses of all mkt participants-the economists, the investors & the regulators.

(1/n)

The book tries to explain the human tendency of extrapolating the recent past and the imbalance in defining risk at the time of bear & bull markets. It is this tendency that drives booms & busts.

Here are the Important learnings from the book: 👇

(2/n)

1. Every Asset class goes through a cycle - Up & Down this book teaches why such Up & down occur how to spot them & how investors can improve their returns.

(3/n)

2. Its extremely difficult to forecast Macroeconomic variables like interest rate, inflation, GDP etc there's a reason even Central bankers & Presidents of the country fail consistently at the same

(4/n)

3. In down cycle as prices fall odds are in favor of investors & hence we should invest more & Vice Versa
4. Experienced investors–like everyone else–don’t know exactly what the future holds but they do have an above-average understanding of future tendencies & probabilities(5/n)

Thread:

"When is Alt Season?" is a question we all ask a lot so let's take a look at a possible scenario that could answer that question.

The last real alt season occurred directly following the Dec. 17, 2017 $BTC ATH.

IMO we need Bitcoin to make a real run before it brings back the dumb money.

The previous Bitcoin run up began approx Dec. 16, 2016 when it broke its previous high and began a journey into price discovery. Let's compare that to now. We just poked through to a new ATH the other day, but the journey is just beginning. In 2016 alts didnt immediately go nuts

when btc entered price discovery. There are windows of alt movements during a larger bitcoin move where you get mini alt seasons such as June-July 2017 and most recently, May-Aug 2020. These are just periods where Bitcoin ranges and lets alts move.

So, what started the '17-'18 season then? Well, that's easy. FOMO

That FOMO didn't begin until roughly November of 2017, 11 months AFTER Bitcoin entered price discovery.

And the mania didn't begin until early December 2017 almost 1 year after Bitcoin entered price discovery.

"Pets are family". Been tracking 13 stocks but only own $CHWY. I will add BarkBox, $STIC when it lists. The company has a valuation of $1.6B with $350M in revenue, profitable
Others: #PetsAreFamily
$CHD
$CHWY
$ELAN
$FRPT
$HSKA
$IDXX
$PAWZ
$PETQ
$PETS
$SPB
$TRUP
$TSCO
$ZTS

BarkBox is a monthly subscription box filled with dog toys and treats. Co. has 1 million + subscribers to its monthly box. Its sells its products on $TGT and $AMZN as well.
Founded in Dec 2011, by Matt Meeker, Carly Strife, Henrik Werdelin in New York.

One month your dog might receive a collection of treats and toys. BarkBox might send him on a journey through Chewrassic Bark. Each box contains two innovative toys, two bags of all-natural treats, a chew, and a specially curated item from the month's themed collection.

Every toy is designed by in-house industrial designers, made for the way dogs play and approved by the company's own test dogs. You can choose a one-month subscription ($29), six months ($25/box), or 12 months ($22/box).

BarkBox is very allergy friendly. Every BarkBox is free from corn, wheat, and soy, which greatly reduces the risk for triggering allergies and food sensitivities.
You can reorder certain items or purchase items from other collections online.

There is a money-back guarantee

We are short $MVIS. In a market gone mad, this $1.2 billion market cap corporate husk with almost no revenue or intellectual property value is a standout.

It has risen 5,000% from lows this year on misguided retail euphoria over its LiDAR IP portfolio amid a broad EV bubble.

Retail investors have latched onto the company's portfolio of 250+ active patents, but an IP attorney we engaged found that only ~10 $MVIS issued patents even mention LiDAR.

Of those, many are oriented toward consumer/non-automotive use.

These patents haven't faced inter partes review (IPR) challenges yet, significantly reducing their value.

“No one buys patents these days for any real money unless the patents have been put through the test of at least an IPR,” our IP attorney told us.

The recent excitement all belies the fact that $MVIS is essentially a science project that has gone nowhere after 25 years.

It was trading around $0.20 in April of this year and contemplating sale or liquidation.

But EV mania presented an opportunity.

In November, the company put financing documents in place then announced the very next day that it hopes to have a LiDAR demo product by April 2021.

One of the many paradoxes of trading in markets is that - for a given period of time - strategies that are ‘right’ in the broader time context can be absolutely catastrophic in other times. Indeed, careers of one or two currently lauded by FinTwit and the wider financial media

were made by doing exactly the wrong thing at the right time for just long enough before the cycle changed back again.

* The market constantly changes its reward structure (i.e. what approaches it rewards)
* It can be relied upon that the variance exhibited in the future on

data that does not yet exist will exceed that which is observed on historical or contemporary data.

With these two points in mind, it is no wonder that the overwhelming majority of the ‘turtles’ do not make it to the sea from their hatching places. (To take from the great

Dennis/Eckhart experiment of the early /mid 1980’s)

The ‘turtles’ I refer to are new entrants to markets with outrageously good technical qualifications.

I believe that as a member of rare club of quant traders who have traded in three consecutive decades I have earned the

right to say that our education standards for preparing people for markets has shifted way too far towards the ‘edge’ being related to manipulating large amounts of data quickly rather than actual alpha.
This is why 99/100 advertised ‘Quant Trader’ roles - to the extent that

Yesterday, I contemplated life. I thought about how we make plans and wait for the stars to align before finally living. I thought about how we rarely enjoy the fruits of our labour because we learnt to manage while coming up. 🧵

Moving from a scarcity to a prosperity mindset is difficult. It's why we keep reserving things for visitors and keep waiting for vacations before resting. It's why we accept less than ideal love and learn to compromise the sacred.

So, yesterday I decided to do something about the restlessness in my spirit. Something symbolic.

I discovered I typically sleep on only one side of my bed. It's a habit I picked up because I prefer being near the door. I chose to sleep in the middle instead and to "spread out". To use my multiple pillows instead of one.

Rather than start the day in my study, I drank coffee on my balcony, as I gazed at the beautiful mango tree in this thread. I realised there are chairs I've never sat on in my home and so, I sat on them.