Mostly because I find the 1951 Edition the best balanced. The 1934 Edition is survival of the Great Depression, the 1940 Edition is also good, but for me the 1951 Edition has it all.
The 1962 Edition brought in a new contributor, Sidney Cottle, who changed the feel of the book quite significantly.
But any edition will give you what you are looking for.
Most liked posts in thread: Fundamentals/Mechanics of Oz share trading: Clearest, most Thorough book?
For all the advancements in technology the market itself hasn’t changed much. It is still driven by the same two opposing forces, fear and greed & (IMHO) there is nothing new when it comes to trading ideas & all the old books are still relevant no matter how old they are.
The game is the same
I often hear that markets have changed and new rules are needed for the new game, well the markets do change but the underlying fundamental rules for success don’t seem to.
TiminOz, you could read hundreds of books, watch the market for years and still not be profitable.
Books are very technical
All the excellent trading books will explain trading in very technical terms that are meaningless to the novice and they rarely mention what it takes to trade with confidence, failing to inform you about the emotional roller coaster you will soon start experiencing once you start trading.
I wasted a lot of time reading
Many of the books that I have read have turned out to be of little value at all, so I just wasted my time.
Need to know - expected to know
It’s time consuming just figuring out what you need to know and what you are expected to know, this leads to reading heaps of useless information that turns out to be irrelevant in the early stages of trading.
You have to sift through so much material to find out if you need to know that information or not.
You don’t even know enough
You’ll have so many thoughts floating around in your head that require answers, sometimes you don’t even know enough to ask the right questions.
Just starting out on your trading journey you’ll need answers to some basic question and my suggestion to you would be to watch a few videos instead of reading books to begin with.
Watching videos is my preferred way of learning & watching a video or two is really enjoyable & educational.
Whereas reading a book is exhausting & mentally draining & it’s hard to stay in ‘NOW’ because we are all time travelers in our own mind.
The degree of concentration when reading a trading book is enormous because your mind will do everything it can to make you think in the future or into the past, mindfulness is difficult to achieve.
Your mind is a time traveler & its been that way from birth & you may not even realise when it's happening to you. (mind wandering is a human condition & nothing to worry about)
'Mindfulness' & being in the 'Now' is another fascinating topic & it's a great skill to learn.
'Dump it here'
If you are interested I have a video link on my 'Dump it here' thread - just for you..
The ASX has a good Education series on their website. Just go there and click the education tab .
They also have a investing game that you can play . Also the watch list feature is handy if you want to follow stocks outside the 200 listed in the game.
If you want to get into the real guts (the rules) you can go here and look at Markets tab and Corporate Governance etc
I bought a purely fundamental analysis course called "The Dividend Key" about a decade ago that was good for filtering out companies with good fundamentals.
I don't think it is available anymore since I cannot find it on the HUBB financial website. They've gone into selling other products which I have not tried so cannot comment on.TiminOz likes this.
....Speaking of which, what do y'all think about a book like this?
Share Investing for Dummies, Australian edition (post GFC)