Gold Part 1: Physical Gold
Why? It is the ultimate insurance against anything that can go wrong in the financial system. Gold protects against currency devaluation including hyperinflation, bank crashes,, currency defaults, but also against severe bear markets. So it is really very different from any other financial instrument. It does not have a return on its value, no dividends…
Book review: Margin of Safety – Seth Klarman
It is kind of a cult-book, sold out for many years, and has become a collector’s item. The plain normal hardcover edition is selling on Amazon for 880 – 3300 $. Full title: Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor – 1st Edition 1st edition (October 1991) (well there is only…
Warren Buffett Accounting Book: Reading Financial Statements for Value Investing (Warren Buffett’s 3 Favorite Books Book 2)
Publication Date: May 1, 2014 Stig Broderson, Preston Pysh The book starts with the basics about investing, the stock market, value investing. You won’t learn a lot of new things if you are a seasoned investor already. It then dives deeper into accounting topics: the annual report, balance sheet, income statement, cash flow statement. Depending…