Author: Financial Bookwormer

Money Masters of Our Time (John Train)

This is a more modern update of the classic, Money Masters, written by the same author. This book compiles materials and interviews from 18 different investors/ traders. These include famous ones like Buffet, Soros, and relatively less well-known ones like Philip Carret and Ralph Wanger. The book draws upon rich resources including conversations Train had, materials published from funds, and the investors’ books, if any had been written. This book covers more because it includes updates on what each person has done or any changes in style (up to 2000, the year of publication) as most of the books...

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100 Baggers: Stocks That Return 100-to-1 and How To Find Them (Chirstopher W. Mayer)

Mayer is the founder of two investment newsletters and author of other books. This book is intended to be a spiritual successor to another book: 100 to 1 in the Stock Market authored by Thomas W. Phelps. This book is a summary of 100-baggers by other authors, investors and research. Mayer builds the case with some inspirational stories before presenting evidence, and some how-to. I felt that the first half of the book can be skipped and some of the content has been repeated in other books. However, readers can tell that Mayer is widely read and he quotes...

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Wall Street Meat (Andy Kessler)

This is another book from Andy Kessler. This book details his journey into Wall Street up to the point when he started his own fund. On the timeline, the events would take place before the ones in the second book. It introduces some characters which he mentions in his second book such as Jack Grubman. This book is just as funny as the second book, but it is less in-depth. It has a different flavour from the first as Kessler is on the sell side this time as an analyst who starts off at Paine Webber before moving on...

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Intermarket Analysis: Profiting from Global Market Relationships (John J. Murphy)

3 facts about this book: 1. For technical and fundamental analysis This book covers the bond, currency, equity and commodities markets and shows the relationship between them over the decades. The author shows how both methods of analysis can benefit from being aware and understanding the interlinks of each market with the rest. 2. Plenty of charts There are many charts chronicling the rise and fall of each market with respect to charts of other markets. Explanations are clear, but also slightly dull and repetitive. 3. Plenty of history and theory Murphy covers the recent decades in details, from...

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Young Money: Inide the Hidden World of Wall Street’s Post-Clash Recruits (Kevin Roose)

Kevin Roose, writer for New York magazine, has written a book chronicling the journey of a few fresh recruits into the banking industry. It records their struggles, thoughts and emotions about the industry, themselves and the people around them. Along the three-year journey in the book, Roose has also worked in other topics about the industry. The youths themselves come from varied backgrounds. The book is written in a way that is simple read. I would have thought it would be confusing as the author has chosen to alternate between characters and topics, but it has made this book...

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Trading Naked: How to make money trading price patterns (Dr Foo Loon Sung)

This book was authored by Dr Foo, which according to the book is a private trader and trainer with many years in the financial industry. This book contains advice on trading according to his methodology. The author starts off with rationale for trading the methodology and philosophy before diving into the methods. The method Dr Foo uses is mainly candlestick charting. The first half of the book has diagrams and pretty good explanations; however, much of his advice, while solid, can be found in other books. The second half of the book was disappointing to me, when he explained...

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Building Your Real Estate Riches: Hard Truths about Singapore’s Commercial and Residential Markets (Ku Swee Yong)

This edition of the book was published in 2012, and as such, contains articles and research from the period pre-2012. The book details the writer’s reports for his clients which includes inpact of policies, the supply and demand, and commercial and industrial properties. Each article is well backed up by statistics, numbers and clear tables. Interestingly, the author mentions that all the numbers are freely available data. The data may be a little dated, especially with the recent furry of measures by the government in the past half-decade. However, the reasoning behind the analysis is good and reasonable. What...

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Millionaire Traders: How Everyday People are Beating Wall Street at Its Own Game (Kathy Lien and Boris Schlossberg)

Written by Lien and Schlossberg, both forex experts, this book is similar in execution to the Market Wizards series. Lien herself is an author of other forex books. As expected, the traders interviewed in this book are skewed towards forex traders. Each chapter focuses on an unknown trader and is an interview with each. There is a summary of each trader’s key lessons for the readers. Just like the Market Wizards series, the value of the book is not in any how-to gleaned from each trader, but what each reader is able to take away, given that there are...

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Endgame: The End of the Debt Supercycle and How It Changes Everything (John Mauldin and Jonathan Tepper)

Endgame is written by Mauldin and Tepper, both financial writers who are involved in the markets. This book is their analysis and commentary of the global market situation as of 2011 and of the outlook from thence. Although published in 2011, I find the analysis insightful of the situation leading up to the crash and post the Great Financial Crisis as well, which could provide a good background for readers who are keen to understand the current market situation (as of 2014, time of writing of this review). The book does not cover so much of the actual events...

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Grow Rich Singapore Style (Alfred Chia)

This book of financial planning was written by Alfred Chia. Note that the image used above is similar to that of the book. Alfred Chia is the CEO of SingCapital, a financial consultancy for individuals.  The book covers a brief understanding of money, mental habits of building wealth, convincing readers that they have the ability to plan their financial destiny and how to go about doing it, and also about Financial Consultants. Please note that this book is a veiled endorsement of SingCapital and its services, as well as the related books and services. Does this mean that the...

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Market Sense and Nonsense (Jack D. Schwager)

This book was written by Schwager who is also the author of the Market Wizards series. This book is a standalone book. Topics involve (overturning) commonly held beliefs such as the efficient market hypothesis, ideas about risk measurement, performance evaluation of funds and correlation. The second half of the book concerns hedge funds with respect to the ideas discussed in the first half, including impressions of the hedge fund industry, the use of leverage and risk evaluation. The third part covers volatility and portfolio diversification. This is not an exhaustive list of the topics the book covers. As with...

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Building Wealth Through REITs (Bobby Jayaraman)

This book was written by Bobby Jayaraman, himself a REITs (Real Estate Investment Trust) investor. I believe there is a newer edition with discussion on interest rates, but this review is not of that edition. This book explains REITs in the local context, including: introduction, a comparison with other investment assets, how to build a REIT portfolio and how to choose REITs. Bonus chapter of interviews with S-REITs CEOs is included. The book is not difficult to read and does not have too many numbers to scare people away. A good discussion of the reasons for REITs is included...

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Millionaire Teacher (Andrew Hallam)

According to the in-book profile, Hallam is a school teacher at an American international school who managed to built a million-dollar portfolio, doing so while on a teacher’s salary. He also has his webpage which he updates from time to time. This book covers basic investment knowledge such as the concept of compound interest, purchasing habits and the dangers of letting someone manage one’s portfolio (versus active management of one’s own portfolio), among other topics. Bonus points to those who notice the pun in his title. Although the book is divided into nine parts for each of the nine...

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Beat The Forex Dealer (Agustin Silvani)

This book written by Silvani is about the pitfalls of trading in Forex and how to deal with those. This is not primarily a how-to book. The book covers an introduction to players in the Forex, how orders are processed and some operational information. The book itself was easy to understand and not too long or boring. The author has littered the book with many interesting anecdotes, both obscure and common. It is clear that the author has a very cynical view of the markets and he repeatedly warns readers of the dirty tricks that are played in the...

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No B.S. Guide to Property Investment (Property Soul)

This book was written under the pen name of Property Soul, who also has her own website. It covers guidelines to property investment and information pertinent to the local property market. Topics run the gamut from goal-setting to agent selection and buy and sell strategies. True to its name, this book really has no bullshit. Each chapter is succinct enough to cover the facts and nothing more. There is little beating around the bush or debating of theories. The author unreservedly shares her experiences in the market and the book is littered throughout with wonderful anecdotes, personal stories and...

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