Topics: Economics - Real Estate - Retirement - Loans - Trading - China Great Investors Focus: Darvas - Livermore - Neill - O'Neil Dictionary: PE Ratio, Market Risk, Stop Market Order, Short Sale, and much more. Authors: Levitt - Schwager Bookstore: Darvas, Livermore, William O'Neil, Speculating Tips: Credit cards - Personal loans - Saving for retirement

Sponsors Eric Schiffer Reputation Management

Curious Cat Investment Club - learn and compare results of mock portfolios with other investors

Leading Investors
Warren Buffet: An amazing investor, long term investors should read everything they can from him (and reread them often). President of Berkshire Hathaway where he manages the large investment portfolio for the insurance business. Charlie Munger has been his long time associate at Berkshire Hathaway.
Peter Lynch: Took Fidelity Magellan from nowhere to the largest fund in the world achieving a 13 year annualized return of 29%.

• Warren Buffett's Letters To Berkshire Shareholders. Every Investor should read these. Berkshire Hathaway Annual Reports - 1995 - 2002
• The Warren Buffett You Don't Know July 1999 Business Week cover story.
• The Great Financial Scandal of 2003 by Charles T. Munger.
• Peter Lynch: Why He's Buying Now by Glenn Coleman, Money Magazine, Jan 2003.
• Dividend Voodoo by Warren Buffett May 2003.
• Nicolas Darvas - author of classic investment books detailing his experience using methods now classified as "technical analysis."
• Curious Cat Reviews: Nicolas Darvas - Jesse Livermore - William O'Neil - Humphrey B. Neill - Jack Schwager
  Real Estate and Interest Rates
  Understanding Fundamental Data
• SEC warns on numbers: Earnings data on 'pro forma' basis should be viewed skeptically, CNN/Money, 4 Dec 2001. An important warning on the importance of taking a closer look at the accounting gimmicks used by companies. Read the SEC statement, the SEC warning warning to companies and advisors and tips to investors.
• Who Really Cooks the Books? by Warren Buffet, July 2002.
  Investing Strategy
• Investing Basics from the Motley Fool, very good introduction for beginners and experienced investors.
• Dollar Cost Averaging (Vanguard) | The Silver Lining to a Bear Market, 31 Dec 2002 CNNMoney (long term focus, dollar cost averaging etc.)
• The 13 Steps to Investing Foolishly - long article explaining the Motley Fool philosophy. Very educational.
• The Investment Implications of Lower Stock Return Prospects by William Reichenstein, Baylor University, October, 2001. "In the past two years, several academic and professional scholars have concluded that long-run real stock returns will be below historical levels."
• Pegging Stocks With Time Plus Growth by James K. Glassman, Washington Post, October, 2003. Simple article examining the relationship between growth, current price and overall return (PEG ratio etc.).
  Conflict of Interest
• Bears love the Rock: For analysts at Prudential Securities, 'sell' is not a dirty four-letter word. It is important to understand the conflict of interest many giving advice on specific stocks face.
• Debt Downgrades Send Stocks to Gutter by Thi Nguyen, Reuters, 24 Dec 2001. Another look at conflict of interests and the effects of new SEC disclosure rules.
• Should Management Profit from Screwing Up?, by Warren Gump, fool.com, 1999. Why do workers, who are granted options, get to make a large profit if the stock price goes up but if the stock price goes down the company just reprices their options to eliminate any negative consequences?
• IBM gets discount on bond fees an article on investment banking fees.
  Insurance
• Good overview from the Motley Fool
• Long-Term Care Insurance – The Forgotten Planning Tool by Keith R. Davenport, TIAA-CREF Institute November, 2001.