tag:blogger.com,1999:blog-5389144729834496735.post7273390741370776264..comments2024-03-17T05:15:55.634-04:00Comments on The Brooklyn Investor: The Greatest Investment Book Ever WrittenUnknownnoreply@blogger.comBlogger33125tag:blogger.com,1999:blog-5389144729834496735.post-38401395306431877352020-06-17T09:36:06.562-04:002020-06-17T09:36:06.562-04:00Thank you for another great post. Post COVID, I am...Thank you for another great post. Post COVID, I am re-reading your blog from the start. What a treasure box. TicTacTakahttps://www.blogger.com/profile/17902951675493470585noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-68003683794030565462018-07-28T12:50:31.196-04:002018-07-28T12:50:31.196-04:00Nobody can time the market. Try not to theorize. C...Nobody can time the market. Try not to theorize. Contribute as long as possible. All you require is sufficient outcomes improved by accruing funds. Do that and you will be a standout amongst the best investors there is. <a href="https://www.investorsindubai.org/" rel="nofollow">https://www.investorsindubai.org/</a><br /><br /> Jennethttps://www.blogger.com/profile/07639742669691521251noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-80092327701251700582016-07-05T23:02:51.243-04:002016-07-05T23:02:51.243-04:00Your blog has given me that thing which I never ex...Your blog has given me that thing which I never expect to get from all over the websites. Nice post guys!<br /><br />regards,<br /><br /><a href="http://www.rushtonfinancial.com.au/" rel="nofollow">market neutral</a><br />seravina danniellahttps://www.blogger.com/profile/17416651554211077082noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-6157870833725910792014-11-03T01:30:40.467-05:002014-11-03T01:30:40.467-05:00You have probably seen it, but just in case you ha...You have probably seen it, but just in case you haven't, there is an interview with Stan Druckenmiller and he says "Soros taught me that good money management is all about making a lot of money when you're right, and not losing much when you're wrong.. sometimes you have to go for the jugular".. JShttps://www.blogger.com/profile/08904723048739814528noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-69998636606526770502014-11-02T18:55:18.308-05:002014-11-02T18:55:18.308-05:00Your numbers can't be right. If I play 1 milli...Your numbers can't be right. If I play 1 million hands a year / 365 days / 24 hours = 114 hands per hour / 60 minutes = ~2 hands per minute all day every day.<br /><br />After a google search I realize people can play up to 24 hands at a time. What a waste of human potential.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-73064187885453092382013-12-07T12:04:16.958-05:002013-12-07T12:04:16.958-05:00Very interesting insights. You might also enjoy an...Very interesting insights. You might also enjoy an article I wrote several years ago exploring the differences between gambling and investing: http://www.investorguide.com/article/12525/what-is-the-difference-between-gambling-and-investing/Tom Murckonoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-46088325738563168142013-09-09T02:09:10.326-04:002013-09-09T02:09:10.326-04:00Yes, keep control on emotions. You should also kee...Yes, keep control on emotions. You should also keep faith in you. It’s really a better for success. Cheers for this informative investment book.<br><a href="http://www.wealthme.com" rel="nofollow">VCT</a>Anonymoushttps://www.blogger.com/profile/16008521496734261204noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-31105915185478235052013-06-11T16:58:56.029-04:002013-06-11T16:58:56.029-04:00very much enjoyed your post, in fact I frwded onto...very much enjoyed your post, in fact I frwded onto some poker and investing friends. I figure some of you might be interested in this conference I'm helping put together that coincides with the WSOP Main Event in Vegas this summer. The site is www.macrosports.co let me know if you have other questions.<br />Chance Walkernoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-14122434638733796752013-06-11T07:27:09.479-04:002013-06-11T07:27:09.479-04:00Nice blog and attractive information. I like your ...Nice blog and attractive information. I like your blog and your work.<br /><br /><a href="http://www.fontegocapital.com/" rel="nofollow">financial services provider</a>Anonymoushttps://www.blogger.com/profile/02857536855033894305noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-57799508965781345802013-06-07T08:28:11.409-04:002013-06-07T08:28:11.409-04:00Or you can just click the Brooklyn Investor bookst...Or you can just click the Brooklyn Investor bookstore button somewhere at the bottom of the blog... kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-36069886232570625962013-06-07T08:27:31.977-04:002013-06-07T08:27:31.977-04:00Hi, thanks for reading. I did set up a bookstore ...Hi, thanks for reading. I did set up a bookstore on Amazon for this purpose... It may not be complete as I haven't updated it, but a lot of books I like are in there:<br /><br />http://astore.amazon.com/thebrooinve-20<br /><br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-47116409681770977262013-06-07T05:15:23.770-04:002013-06-07T05:15:23.770-04:00Thank you for the article.
Are there any other in...Thank you for the article.<br /><br />Are there any other investment books you consider must read?<br /><br />(Apart from the obvious list, the intelligent investor, security analysis, the most important thing...)<br /><br />BarakBarakhttps://www.blogger.com/profile/08008276861075128845noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-55369707941018308682013-06-02T12:51:22.290-04:002013-06-02T12:51:22.290-04:00tspare,
I'm in a similar situation as yourse...tspare, <br /><br />I'm in a similar situation as yourself and am still learning. I'm in my mid-20s so I didn't even really have much capital to invest until recently. One thing I would stress is that even if you're starting small and are only investing a few hundred dollars across several positions, DO NOT treat it as chump change - you must approach this as if you were investing a much larger amount. I have way too many friends that are starting to "invest" when they're stupidly speculating, instead of trading or investing with a clear framework in mind with the plan to "start investing" when they have a bigger capital base to work with. It's not easy especially when you feel like even if you identify a great stock you only will make a few hundred, but taking the longer-term view is what will set you apart from others in 5, 10, 15+ years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-67539003845948467762013-06-02T06:52:39.560-04:002013-06-02T06:52:39.560-04:00Hi,
I consider my self as a beginner value investo...Hi,<br />I consider my self as a beginner value investor (started in 2010). I have a day job so progress is relatively slow.<br />Anyway, I discovered your blog just recently and I love it!<br />Thank you very much for sharing the information with the world and in such a clear, smart and practical way!<br /><br />Yoav (from Tel Aviv)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-21617852664669553822013-06-01T09:49:34.677-04:002013-06-01T09:49:34.677-04:00Hello
Really enjoyed your post
I have summarized...Hello<br /><br />Really enjoyed your post<br /><br />I have summarized it in my own words and posted in my blog<br /><br />Hope you dont mind<br /><br />http://www.9treasure.com/?p=214<br /><br />Thanks!nithi888https://www.blogger.com/profile/13999773786085799578noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-51733907205658259232013-05-31T18:39:49.770-04:002013-05-31T18:39:49.770-04:00tspare,
you can trade less than 100 shares if you ...tspare,<br />you can trade less than 100 shares if you want to. maybe not on etf's, but on individual stocks. i'v done it in the past. i'm pretty sure you can still do it. so you can play Real Small if you want to.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-48804676520362468432013-05-31T15:28:56.167-04:002013-05-31T15:28:56.167-04:00Thanks for the tip... I'll take a look at it l...Thanks for the tip... I'll take a look at it later. <br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-69312941327282110182013-05-31T14:53:20.135-04:002013-05-31T14:53:20.135-04:00I think it can be automated so that when you make ...I think it can be automated so that when you make a post it will automatically be tweeted out. A quick google search found this http://twitterfeed.com/James Bondnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-57739976948537272552013-05-31T14:23:02.147-04:002013-05-31T14:23:02.147-04:00Hi,
It is hard and I don't know an answer th...Hi, <br /><br />It is hard and I don't know an answer that is right for everybody, but one thing I would suggest is just to start small. I do think you should do it with real money because simulations just aren't the same. <br /><br />But start small enough that it is not too upsetting if you buy stocks and it goes down a lot. And then just go from there.<br /><br />Seeing p/l swings can take time to get adjusted to. I remember sweating a dollar loss that now could happen in minutes and wouldn't bother me, lol... <br /><br />But yes, balancing tight/loose etc... and many other conflicts is tough. <br /><br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-66886568336588099742013-05-31T14:09:12.041-04:002013-05-31T14:09:12.041-04:00Age isn't good for poker players because most ...Age isn't good for poker players because most of them don't work enough on improving their game when they get to the top compared to people trying to get there. Online poker players who play 10/20 cash games will play 1 to 1.5 millions hands a year because there's still a lot of volume and liquidity at these stakes. Players who get to let's say 50/100 and above will often play at a rate of 200k hands a year so it's harder for them to get better.Wottonhttps://www.blogger.com/profile/03194850471914065015noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-66481911908048061002013-05-31T11:06:15.320-04:002013-05-31T11:06:15.320-04:00The thing I find really hard is even if you know t...The thing I find really hard is even if you know this stuff, doing it still so hard. Do you have any advice on how be a better doer? Sometimes you fool yourself with how much you know so you are actually a loose player, and other times you know you don't know too much and you end up being too tight. Its a difficult balance. Compared to poker you can play without real money but still gets the high and low of busting other guys or be busted yourself, so you can get enough feedback to get better. There is no good simulations for investing that would allow you to feel the pain of losing money on bad stocks or the pleasure of being right over the market. I think thats why its so much better when you start investing when you are young so that you are playing with small amount of money but it means a lot to you. tsparehttps://www.blogger.com/profile/00889404644154605509noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-37795105327149085802013-05-31T10:37:04.602-04:002013-05-31T10:37:04.602-04:00Hi,
I don't plan on using Twitter any time so...Hi,<br /><br />I don't plan on using Twitter any time soon, but I'll keep it in mind. <br /><br />Thanks for the idea. <br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-57631923784144149542013-05-31T08:51:23.449-04:002013-05-31T08:51:23.449-04:00Very nice post!
Some further random observations ...Very nice post!<br /><br />Some further random observations I find noteworthy (among many more):<br /><br />- investing returns have a positive skew (market return), poker returns have a negative skew (rake)<br />- related to the above, you can make money as a passive investor, but not as a passive poker player<br />- in poker it is reasonable to sustainably make 100% annualized return on your bankroll (for smaller bankrolls), in investing not so<br />- however, investing scales much better than poker (the process of investing 10bn is somewhat comparable to investing 1m, but you can't make a decent return on a 10bn bankroll in poker)<br />- age seems to act more against poker players than against investors<br />- as with all other heavily cerebral activities, jewish people are vastly overrepresented (relative to % of population) among the winners in investing and pokerAnonymoushttps://www.blogger.com/profile/17289283859122322119noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-4278753764476443712013-05-31T02:24:24.018-04:002013-05-31T02:24:24.018-04:00Very interesting comments on Taleb.
I don't t...Very interesting comments on Taleb.<br /><br />I don't think he advocates monte-carlo models. He advocates not to model them at all because if a model is only accurate most of the the time, it means the underlying system is unmodellable and will blowup sooner or later. To a trader/investor, it means putting these in the too hard basket and not to take a position at all. This mirrors Buffett/Munger's attitude. But this is something Wall Street can't do because everyone there has a mandate to grow revenues.<br /><br />I've only read Fooled by Randomness and Antifragile. Maybe he's said something else somewhere. I dunno. And I'm not sophisticated enough to read Dynamic Hedging. The maths fries my brain... <br /><br />I do admit I'm an outsider. I'm writing all these from my impression.<br /><br />Good discussion. Johnhttps://www.blogger.com/profile/14682393043392310140noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-82582455167119934632013-05-31T01:32:01.285-04:002013-05-31T01:32:01.285-04:00"Brunson talks about not drinking here; hopef..."Brunson talks about not drinking here; hopefully nobody reading this makes investment decisions while drinking."<br /><br />This must be where I have been going wrong!Gilhttps://www.blogger.com/profile/12300643425510284735noreply@blogger.com