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Have been passed a link to a book recently released that gives a completely different future view to the outlook that I, and it seems most bearish posters here, tend to concentrate on. Most of my reading tends to be written by pessimists (bearish in nature) ........ in trying to form a balanced opinion, I may well pick this up.

 

http://anoptimiststourofthefuture.com/?page_id=2

 

A brief 'about the author'

 

http://anoptimiststourofthefuture.com/?page_id=59

 

I have sent a personal message (awaiting response though he did offer to hook up for a pint which I can't make) to the author on another forum requesting his approval to open a thread here on GEI regarding the technology etc he discusses in his book.

 

Please indicate if anyone's interested in discussing with him here. Will add in other forums I visit (under different identity) also but don't want to ask him to ask him here if all he gets is a opening thread post and no discussion.

 

:)

 

Also, would ask whether I should add the opening thread in Main or under another section.

 

Quote from the author ..................

 

I'll probably be a tad hungover from the book launch so a good time to get me if you want to score points - but I'm rather hoping for a mutually beneficially understanding of viewpoints. Please bring your friends from the forum. If you know Shoreditch I'll let you choose a venue. I like real ale.

 

 

 

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One for the traders on GEI.

 

I'm part-way through Master the Markets - Taking a Professional Approach to Trading & Investing by Using Volume Spread Analysis, written by Tom Williams.

 

It's all about interpreting volume on barcharts, I'm finding it very interesting so far. It's a PDF but too big too upload here. It's written with references to a software package that can mark out key points on a chart however you don't need the software to understand and apply the concepts discussed.

 

Tom Williams is a brilliant analyst, with a very different thinking from all other public personalities in the trading world. Some would say that Tom is a genius, and due to his extensive knowledge of the markets, his innovative theories and faultless comprehension, I am inclined to agree with this opinion

 

If you are interested in the markets, you will find the contents of this book immensely interesting. Unlike many other books, you will find the ideas presented here difficult to dispute – they make sense and are based on hard facts, rather than abstract theories!

 

This book provides very practical Trading strategies based on Candlestick Analysis and Volume.

 

It's free to download here

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After that I'll follow up on a suggestion by littledavesab .............................

 

 

Out of interest may I ask if anyone else here always buys books one read in advance? Sometimes I find if I've got another book to read after the one I'm currently reading it drives me to finish my current read. (Does that make sense?)

 

It does. I cancelled a magazine subsription last year to give myself more reading time. Its only helped a little. :angry: Its probably just me but I find the cost of investment /similar type books annoying + not many shops stock them so it has to be a bit of a planned purchase. I do make a habit of popping into charity shops and occasionally manage to pick up something interesting - this is also partly inspired by Taleb's Black Swann (that old books can contain lessons modern society has forgotten) and gets me to pick up stuff I wouldnt ordinarily read. Some gems and some get passed back only briefly read. Currently have a fair number to read. Just picked up/started THE ZULU PRINCIPAL.

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LDab

I like your tag at the bottom re stagflation - very good. :)

 

Thanks, the markets have a habit of throwing up delicious irony mixed up with parody. Its starting to feel like the '70's

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512CXuh7lJL._SL500_AA300_.jpg

The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America - and Spawned a Global Crisis

 

Lie, swindle, steal. It's another day at work for the sales professionals of the mortgage industry. Amid the wreckage of the S&L scandal, a group of maverick entrepreneurs hatch a new money-making scheme: writing 'subprime' loans at exorbitant prices and bundling them into securities for eager Wall Street banks. In this stunning narrative, award-winning reporter Michael W. Hudson brings us inside the boiler rooms and banks that flooded the nation with high-risk, high-profit mortgages. At Ameriquest Mortgage, the nation's largest subprime lender, salesmen sniff out homeowners vulnerable to refinancing pitches, and use Wite-Out to doctor documents. At rival FAMCO, employees memorize 'The Monster', a high-pressure sales tactic crafted to obscure interest rates - and so unscrupulous that one loan officer calls his state attorney general. With support from Washington bureaucrats and Wall Street, subprime grows into a $1.5 trillion behemoth - devastating the lives of millions of homeowners and wounding the U.S. economy. Provocative and gripping, The Monster, is a searing tale of a sales culture gone out of control and the bottom-feeding fraud and topdown greed that fuelled the financial collapse.

 

http://www.amazon.co.uk/Monster-Predatory-...d/dp/0805090460

 

Btw, I have to say this really is a great book. Shocking really but a great read.

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Great interview with David Skarica where he talks a lot about his new book "The Great Super Cycle - Profit from the coming inflation tidal wave and dollar devaluation" which gives many reasons that the deflationists are wrong.

 

Here's a link to the book on Amazon UK - http://www.amazon.co.uk/Economic-Super-Cyc...9487&sr=8-1

 

FSN In Depth: David Skarica, The Great Super Cycle

 

Due to the massive taxpayer bailout of financial institutions and the ongoing expense of conflicts around the world, the U.S. government's financial situation has rapidly deteriorated during this economic downturn. Today, the federal government is at the whim of Wall Street, socialist-leaning politicians, lobbyists, and special interests. Before the current system can change, we need another collapse. This will only happen when the debt bubble finally bursts.

 

The Great Super Cycle: Profit from the Coming Inflation Tidal Wave and Dollar Devaluation looks at what we can expect in global economics by looking at the history of political shifts in power. The underlying theme is that everything moves in cycles—from the mega-cycle of world powers, to economic cycles that can last decades, to mini-cycles that last ten to twenty years. According to author David Skarica, cycles are the most important and also the most powerful tool we have to make money in the coming years from the inevitable debt bubble and resulting economic shift. The market will move much lower in the coming years in inflation-adjusted terms. The key in this environment is to be invested in sectors that will outperform. This forward-thinking text examines key sectors such as gold, oil, and the growing Asian markets and how investors can profit from them.

 

With the federal government all but running some of the nation's banks, mortgage companies, and automobile manufacturers, the United States is becoming increasingly socialistic. Skarica believes that more regulation and taxes will make the U.S. economy less competitive and will cause funds to move offshore. The Great Super Cycle is an intriguing look at economic power shifting and the relationship between Washington, Wall Street, and the rest of the world.

 

 

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This is a good book on trend following By Mark Shipman www.trend-follower.com Easy to read and understand. Gets my vote.

 

.........................................................................................................................

 

The Next Big Investment Boom

by Mark Shipman (published in hardback by Kogan Page, London) ISBN 0749445777

 

INTERNATIONAL BESTSELLER IN FIVE LANGUAGES

Mark Shipman is a master investor, who interposes common sense and strong research with a real command of his subject. After leaving the cushion of an employer’s salary in 1990, he has amassed a personal fortune from backing his own judgement with his own money and gained a reputation for identifying major investment trends during the early stages of their development. His simple yet effective strategies have stood the test of time across many different asset classes and economic conditions.

 

 

In this his first book, Mark draws on his 20 years' experience to reveal the secrets of successful investing. In a highly readable and engaging style, he takes you step-by-step through every aspect of disciplined and lucrative investing. First he shows you the how and why of taking responsibility for your money. Then he goes on to describe specific investment strategies that he has used and continues to use with great success. In the final half of the book he describes in detail the commodity markets; a major investment opportunity that could last over a decade.

 

First published 2006 Reprinted 2006 (twice) Reprinted 2007 (four times) Published in paperback 2008

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Just read and highly enjoyable - The Afghan by Frederick Forsyth

 

 

Was a good book for the beach :) Just read Jim Rogers A Gift for My Children, a fathers lesson for life and investing. Rogers fans will say it's more about life principles, than his usual trading moves. But it was ideal read for being in transit(only 80 pages with extra intro's etc). Couple of inspirational ideas that set me thinking for my kids anyway.

 

Worth a read i.m.o

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Currently reading Stan Weinstein's book "Secrets to Profiting in Bull and Bear markets"

 

Released in 1988, this book stands the test of time, and is a highly regarded text in many circles. Unlike many other authors, Stan Weinstein only wrote this one book, and whenever someone approaches him to do another, he simply says "I already said everything I have to say in that book."

 

That should tell you something about the nature of the book. It outlines a simple yet powerful investing/trading strategy that can be used to buy or sell anything from a few months to 2 years out. The TA in this book is as simple as you will find, yet hugely powerful - moving averages, resistance, support, volume, and head&shoulders is about as complex as it gets.

 

 

I'll write a more comprehensive review of this on my Journal thread once I've finished, but so far this is compulsive reading. There's no secret formula here, but it pulls everything together into a cohesive plan that I think many who sometimes overlook the simpler ideas - I include myself in this - would do very well to incorporate many aspects of into their own trading.

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from MY BLOG

 

I'm reading a really interesting book right now, "Predictably Irrational" by Dan Ariely. I'm only just into it but it shows how context can heavily influence decision making behaviour, particularly financial decisions, leading to illogical choices.

 

predictably-irrational.jpg

From Wikpedia;

 

"Predictably Irrational: The Hidden Forces That Shape Our Decisions is a 2008 book by Dan Ariely, in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick. I hope to lead you there by presenting a wide range of scientific experiments, findings, and anecdotes that are in many cases quite amusing. Once you see how systematic certain mistakes are--how we repeat them again and again--I think you will begin to learn how to avoid some of them".[1] "

 

"Dan Ariely (born April 29, 1968) is an Israeli American professor of psychology and behavioral economics.[1] He teaches at Duke University and is the founder of The Center for Advanced Hindsight.[2]"

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Thanks for that PD, it sounds intruding which could very very helpful, let us know how you get on please mate.

 

I might give it a go.

 

I'm reading endgame at the moment. Not far from the end now.

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Just finished "Meltdown - The End of the Age of Greed" by Paul Mason. Covers the credit crunch up to 2009, so is out of date already(!), but gives some interesting background and opens up avenues for further reading, including his recent "Why It's Kicking Off Everywhere: The New Global Revolutions". Have also ordered Neil Kramer's "The Unfoldment". I suspect I'll find some of it a bit too new age, but based on his audio work, I suspect there will still be a great deal of useful and thought provoking stuff to chew over.

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A BUMP for this thread. Anyone written any good books recently - or read any ! I know the original poster on this thread has written one.

 

+ might put this forward as an idea - Religion for Atheists: A non-believer's guide to the uses of religion - by alain de botton who despite the name seems to be British ! Steve Netwriter might like it (if your still checking in!)

 

+ BUBB might like http://www.alaindebotton.com/architecture.asp

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A BUMP for this thread. Anyone written any good books recently - or read any ! I know the original poster on this thread has written one.

 

+ might put this forward as an idea - Religion for Atheists: A non-believer's guide to the uses of religion - by alain de botton who despite the name seems to be British ! Steve Netwriter might like it (if your still checking in!)

 

+ BUBB might like http://www.alaindebo...rchitecture.asp

 

Alain de Botton is always a good read. I'd recommend 'Status Anxiety', a good insight into what drives most of us.

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The Mess We Are In by Guy Fraser Sampson

 

He pins the blame for the world's macro economic woes firmly on the politicians - and quite rightly too.

 

UK rather than US focus, which I found refreshing.

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I have just finished "Progress and Poverty" by Henry George. It is probably the most insightful, visionary book I have ever read. Written in 1879, some of the predictions it makes you now see have played out perfectly, such as the decline to replacement level birth rate amongst affluent. Absolutely brilliant!

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Bump as I have time, spending some of it reading and searched for inspiration.

Just finished an extremely enjoyable read by David Coulthard, largely about combining sport and business principles he feels can be jointly applied, it’s called “The Winning Formula”

Ordered one mentioned earlier as the is a second version of John Pipers book out “The way to trade better”

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