11–20 of 105 posts
There is a Reddit community for that: r/brkb
https://old.reddit.com/r/brkb/
Understand the concept of intrinsic value (versus market price).
Think of shares as "part of a business".
Watch the professionals at Berkshire Hathaway: what are they doing today?
But some stock, start there then answer your own questions.
Don’t start backward. Don’t even read or “follow the legend”. How many who have read Buffet and have become rich like him? None. Forge your own path.
Or join wallstreetbet, superstonk, etc. Don’t look down on them. They probably teach you more than a finance college degree does. Don’t want cnbc, bloomberg tv. Skip all that.
I think I will be mostly downvoted but it’s important to skip the extra steps that end up being a strap. Then you waste 5 years of your life while some kid getting rich in a year because they reject dogmas and all the unnecessary talking.
Long story short, just start investing.
If you want to become proficient in personal asset management, read Bogleheads.
Personally, my goal is to earn a CPA and CFA. Yes it’s credentialism, but it can’t hurt to have other than the time it takes to get the work experience.
Skin in the game is the start. Don’t read, don’t research first. This will give you about a year of procrastination being an intellectual and probably textbook overthinker. But some stock, start there then answer your own questions. Don’t start backward. Don’t even read or “follow the legend”. How many who have read Buffet and have become rich like him? None. Forge your own path. Or join wallstreetbet, superstonk, et…
Active investors, on average, do as well as passive investors, but incur greater costs. [2] I only "actively invest" for fun, and as a way of connecting with my friends and family who also enjoy the stock market casino.
[1] https://www.youtube.com/watch?v=gvZSpET11ZY
[2] Warren Buffett's side of https://longbets.org/362/
1. “Random Walk Down Wall Street” to understand index funds and why they generally outperform.
2. “Common Stocks and Uncommon Profits” for a general understanding of how to choose stocks (and companies) for the long-term
3. “The Intelligent Investor” for understanding the some of the human challenges of investing.
If you’re short on time and don’t want to make this a hobby, read #1.
Read a few good books. A few will do. The Intelligent Investor or books from Peter Lynch and Warren Buffet if you want to keep it short. You can ignore all the others. Have a understanding of how business in different industries works. They all have some specialities, but from a high level overview they aren't all that different. And you will soon realise 95% of the internet have no clue how business works.
And that's it. Then 99.999% of Investment is an exercise of patient and emotion. Which experience in life suggest to me is something that can not be taught. You will have to go through your own emotional rollercoaster to learn it.
Oh. Ignore all mainstream media report, much like the internet 99% of them are junk, and by the time they reach mainstream media they are already late. ( Look at Lumber pricing in the past 12 months and mainstream media on Lumber reports to get an idea )
Finally nearly all comment and opinion on investment are rubbish. Even Warren Buffett could be wrong. That is including this comment you are reading. Make your own investment path and judgement.
Skin in the game is the start. Don’t read, don’t research first. This will give you about a year of procrastination being an intellectual and probably textbook overthinker. But some stock, start there then answer your own questions. Don’t start backward. Don’t even read or “follow the legend”. How many who have read Buffet and have become rich like him? None. Forge your own path. Or join wallstreetbet, superstonk, et…
I would recommend Bogleheads[0], especially the wiki. It's not sexy but that's the point, they advocate getting rich slowly by investing in a few diversified funds and then forgetting about it.