Some Dope Books I have recently read: Jesse Livermore, John Perkins and Jim Rogers
Some Dope Books I have recently read: Jesse Livermore, John Perkins and Jim Rogers
Bogotá, Colombia –
I am notorious for starting books and taking forever to finish them. (At any given time, I am reading 8-16 different books).
Recently, I finished a bunch:
Amazing Life of Jesse Livermore: World’s Greatest Stock Trader
This is a great book about quite possibly the greatest stock speculator of all time, Jesse Livermore. Perhaps more importantly, Livermore was a dashing financier and bigtime Playboy. He was also a Sharp dresser and Entered The Dragon as well:
“Jesse Livermore walked into the casino dressed in white tie and tails. Livermore enjoyed clothes. The tails had been custom made for him in England. He had four sets made several years before, and they remained unaltered. Livermore’s weight never varied.”
Great trading and gambling philosophy is explained in the book that unfortunately for Livermore all ended in tears.
“Only speculate if you can make it a full time job. Don’t take tips of any kind, no matter where they come from—don’t worry about catching the tops or bottoms, it’s a fools play. Keep the number of stocks to a controllable number. It’s hard to herd cats and it’s hard to track a lot of securities. Take your losses quickly and don’t brood about them, try to learn from them but mistakes are as inevitable as death—and only make a big move, a real big plunge, when the highest number of factors is in your favor, the highest probability for success is present.”
This book is written by the writer of Confessions of an Economic Hitman, John Perkins. Perkins is a smart cat, and also an International Playboy, so like most smart cats and International Playboys, he is worth listening to. He give a good breakdown of the Corporatocracy, gives solutions that we must follow or we will be ruined.
A woman tells him:
“Stop being so greedy, and so selfish. Realize there is more to the world than your big houses and fancy stores. People are starving and you worry about oil for your cars. Babies are dying of thirst and you search the fashion pages for the latest styles. Nations like ours are drowning in poverty, but your people don’t even hear our cries for help. You shut your ears to the voices of those who try to tell you these things. You label them radicals or Communists. You must open your hearts to the poor and downtrodden, instead of driving them further into poverty and servitude. There’s not much time left. If you don’t change, you’re doomed.”
A Gift to My Children: A Father’s Lessons for Life and Investing
This is a book by G, Jim Rogers, the swashbuckling traveler and legendary investor to his two young daughters.
“Understand this: If everyone saw himself as a citizen of the world rathter than of his town, city or country, the world would be a more peaceful better place where success in all forms is abundant and available to all. That’s not to say that we can’t be patriotic and love our country. But we must always be open to those who are different, because people from different backgrounds have much to teach us and vice versa.”
And
“Probably the best advice I can give to anyone, anywhere in the world is to have your children and grandchildren learn Mandarin. For their generation, Mandarin and English will be the most important languages in the world.”
Adventure Capitalist: The Ultimate Road Trip
This book is about Jim Rogers’ Guinness Book of World Records trip around the world. He gives a great breakdown of the world and continually drops investment gems:
“I differentiate between trading and investing. Traders are the short-term guys, and some of them are spectacular at it. I am hopeless at it—perhaps the world’s worst trader. I see myself as an investor. I like to buy things and own them forever. And what success I have had in investing has usually come from buying a stock that is very cheap or that I think is very cheap. Even if you are wrong, when buying something cheap you are probably not going to lose a lot of money. But buying something simply because it is cheap is not good enough—it could stay cheap forever. You have to see a positive change coming, something that within the next two or three years everybody else will recognize as a positive change.”
Click Here for Amazing Life of Jesse Livermore: World’s Greatest Stock Trader
Click Here for A Gift to My Children: A Father’s Lessons for Life and Investing
Click Here for Adventure Capitalist: The Ultimate Road Trip
How I Made $729k Buying & Selling Websites – Extreme Website Flipping
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life
http://www.thegmanifesto.com
pt 1/2 Jim Rogers on CNBC Squawk Box 2_27_11
04/03/2011 at 7:00 pm Permalink
I’m a big fan of Jim Rogers, been watching his videos on YoutTube for a few years. Also read his Commodities book which is good.
You may also be interested in some of George Soros’ books. Soros and Rogers made a big pile together with their Quantum fund.
04/03/2011 at 8:53 pm Permalink
G
I assume you’ve also read Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market by Rogers as well. How long do you think that commodities (as opposed to stocks) will run? Rogers says ten years in the book which means until 2014.
Mac
05/03/2011 at 11:53 pm Permalink
jim rogers is definitely the man. also like marc faber, taleb some other cats, check out the russia forum the last 2 years, 2011 just hit the web.
corporatocracy is a fine enough world, but i prefer to refer to the the bubble as a plutonomy
06/03/2011 at 5:43 pm Permalink
Voodoo Child,
Reading so many books at once seems like a useful idea. With so much information on different topics how do you keep what’s useful. Notes ect?
Ex. There’s such a mass amount of knowledge I find on your site that I write down what I find the most valuable. A knowledge “collection” of sorts.
-What do you do to keep track of it all?
– a.R.E