(#4) The Short and Tragic Life of Robert Peace, by Jeff Hobbs

Started 1/22/2015
Finished:  2/2/2015


I read about this book on Amazon's Top 100 list.  It received great reviews, so I checked it out through GA Pines.

This was the biography of a brilliant young man (not too much younger than myself) that grew in in East Orange, NJ.  His father was in prison most of his life, while his mother raised him.  Robert was a brilliant student who ended up getting a full-ride to Yale ultimately to return to a difficult life in Orange after his graduation.

What a troubled life this man had.  Heavily into drug use and drug dealing.  In the end, he was gunned down in a brutal murder.  What a sad sad existence...

Difficult to read, hard to put down...  I have mixed feelings about this book.

(#3) Renting Lacy, by Linda Smith

Started:  1/22/2015
Finished:  1/xx/2015

(#2) The Intelligent Investor, Revised Edition, by Benjamin Graham

Started:  1/10/2015
Finished:  1/22/2015

Hailed as one of the best books ever written on investing, this 1970's book had been updated in the early 2000's with commentary by Jason Zweig.  Definitely a deep book that was a slow read.  I got more practical information from the commentary than I did the main text.

"The intelligent investor realizes that stocks become more risky, not less, as their prices rise - and less risky, not more as their prices fall.  The intelligent investor dreads a bull market, since it makes stocks more costly to buy...you should welcome a bear market, since it puts stocks back on sale."

"If your investment horizon is long - at least 25 or 30 years - there is only one sensible approach:  Buy every month, automatically, and whenever else you can spare some money.  The single best choice for this lifelong holding is a total stock-market index fund."

"The longer and further stocks fall, and the more steadily you keep buying as they drop, the more money you will make in the end - if you remain steadfast until the end.  Instead of fearing a bear market, you should embrace it."

(#1) You Have More Than You Think, By David and Tom Gardner

Started:  12/29/204
Finished:  1/10/2015

This is an older book, but a good introduction to stock investments.

An investment strategy that they recommend:
1.  Get the list of the Dow 30 companies.
2.  Obtain the dividend yield and the price per share for each stock.
3.  Sort the list by dividend yield highest to lowest.
4.  Exclude from consideration all but the ten highest yielders. Exclude the highest yield stock if it has the lowest share price.
5.  Sort the remaining nine or ten stocks by share price, lowest to highest.
6.  Buy as many of the first four stocks as you can afford, in equal dollar amounts.
7.  Eighteen months and a day later, go through steps 1 to 5 again.  Generate your list of the new Foolish Four and make any transfers necessary.
8.  Retire and/or write a financial book.

 A few other takeaways:

1.  A single dollar a day.
2.  Health risk of credit borrowing.
3.  Invest dollars not needed for 5 years.
4.  Common stocks over mutual funds.
5.  Use Sharebuilder for DRP's.
6.  Invest in "Great Companies" and the "Foolish Four" and "What You Are" stocks.
7.  No single stock greater than 15% of your portfolio.