November 2008
Beginner
217 pages
4h 42m
English
Content preview from 10: The Essential Rules for Beating the Market
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 2. Spend Your Money Wisely—The Value Rule
"Always buy more earnings with fewer dollars."
When you complete this book, you will be able to build your own world-class portfolio of stocks with confidence. It will be a fluid and dynamic portfolio that will change composition as the market changes. The concepts you will learn here will keep you from losing a lot of money in terrible markets and help you make a lot of money in great markets. You will know what to buy, when to buy, and, most importantly, when to sell. No more guessing—and no more sleepless nights.
Before I get into the objective of this rule, let me share a quick story with you. One day, when I was about 16, I was getting ready to go out with some of my friends. Way back then (in the mid-1960s), a dollar was enough to buy some gasoline and a pretty decent meal at the local drive-in. And I was broke. So I asked my dad a question, and after his response, I never asked again.
I asked, "Dad, do you have an extra dollar?" Of course, my assumption was that he would give me a dollar. But he looked at me and said, "Just what is an 'extra' dollar? I've never seen an 'extra' dollar. What does an 'extra' dollar look like? In fact, I've never even heard of an 'extra' dollar." He kept on and on about it. Finally, after he quit driving his point home, I restated my request. I said, "Dad, may I borrow a dollar from you?" His answer ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.