Wednesday, July 13, 2011

SocGen's Dylan Grice - Summer Reading List

This I would say is better than his actual market studies and commentaries.
SocGen's Dylan Grice brings his suggestions in reading:

- Howard Marks (Oaktree) - "The Most Important Things"
- Antti Ilmanen - "Expected Returns: An Investor's Guide to Harvesting Market Rewards"
- Carl E. Walter and Fraser J.T. Howie - Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise"
- Adrian Goldsworthy - "Caesar: The Life of a Colossus"
- James Grant - "Mr. Speaker! The Life and Times of Thomas B. Reed".

As Mr. Grice said.... the one book I had my hands on was Howard Marks' and I strongly recommend reading it. I am going to buy some 10 pieces of it and distribute among my friends who also manage money. Focusing on the downside is extremely valuable.

Email me if you need the PDF and can't get from the link.
Here is the PDF.

*Disclaimer: charts and data are presented as I receive/see them. Sources are usually not checked for validation and my own calculations are of 'back of the envelope'-type. I am aware that some math that I do myself might be wrong and/or misleading to some extent. In financial markets the rate of change of economic data is often more important than the actual level and the perception of 'what is priced in' is more important than 'what is actually going to happen'. This is actually the way people pick entry and exit points. So... yes, sometimes you might say 'This guy is an idiot, this is way wrong!' with a high conviction, being right. Not to worry. Markets are made of expectations and the clash of conviction between its participants. Portfolio managers know that being an idiot is sometimes profitable and being smart is often a bad choice. It is all reality, sometimes good, sometimes bad. By the way: corrections to my analysis and intelligent debate is welcome. theintriguedtrader AT gmail do com

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