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I fricken love places you get downvoted by adding to the conversation. Anyways, Buffett went far further than BG ever did. Charlie Munger played a part in his t
by richardw 16y ago
I fricken love places you get downvoted by adding to the conversation. Anyways, Buffett went far further than BG ever did. Charlie Munger played a part in his transformation from picking up cigarette butts to being the investor he is today. BG would never have invested in BYD, for example. Still, for the original poster, a 25-year-old who is currently scared of stocks, I'd still say Rule #1 is a good place to start. Security Analysis isn't exactly light reading.
- eru 16y agoI agree, and you are right, Buffet started out with Graham but doesn't follow him any longer. (And I did not downvote you.) I recommended Security Analysis because it is hard reading -- we are on Hacker News here. If you do not have time or inclination to read Security Analysis (or some other heavy weight text), perhaps you should just buy some index fund instead of picking stocks. (That's what I did by the way, despite having read that book.)
- richardw 16y agoCool, I wasn't sure but thanks for the note :)