Post by oldman on Oct 19, 2013 8:19:40 GMT 7
From my experience, there is only so much that reading can teach you. At the end of the day, nothing beats the hands on approach to investing.
One has to put one's money in harm's way in order to learn about investing. Even if you read as much as you can, it is unlikely that one can understand the intricacies of investing just from reading. The best approach is to just read to understand the basics of investing first and then, experience it yourself. You will then have lots of questions to ask. Use the internet and the books to help you find answers for these questions. This is the best way to learn about investing.
When you create a need, you create the desire to learn. Otherwise, reading without experiencing is simply too dry. This is espeically true forBenjamin Graham's book: The Intelligent Investor. Even now, I find it difficult to read and comprehend completely. Yes, the book assumes that you already have quite a bit of investment knowledge.
You will find that all the best investment books also assume that you have been an investor for many years before reading them. Hence, there is no shortcut to investing. One still has to learn the hard way and make mistakes and learn from these.
-------------------
Dear Dr Michael,
I would like to ask that since Warren Buffett learned most of his investment skill and idea from Benjamin Graham. We should first learn from Benjamin Graham too.... am I right with this? and before we go into real investment, we must study deeply first so that the risk can be minimise?
One has to put one's money in harm's way in order to learn about investing. Even if you read as much as you can, it is unlikely that one can understand the intricacies of investing just from reading. The best approach is to just read to understand the basics of investing first and then, experience it yourself. You will then have lots of questions to ask. Use the internet and the books to help you find answers for these questions. This is the best way to learn about investing.
When you create a need, you create the desire to learn. Otherwise, reading without experiencing is simply too dry. This is espeically true forBenjamin Graham's book: The Intelligent Investor. Even now, I find it difficult to read and comprehend completely. Yes, the book assumes that you already have quite a bit of investment knowledge.
You will find that all the best investment books also assume that you have been an investor for many years before reading them. Hence, there is no shortcut to investing. One still has to learn the hard way and make mistakes and learn from these.
-------------------
Dear Dr Michael,
I would like to ask that since Warren Buffett learned most of his investment skill and idea from Benjamin Graham. We should first learn from Benjamin Graham too.... am I right with this? and before we go into real investment, we must study deeply first so that the risk can be minimise?