In this engaging discussion, Alicia Alfiere, a Senior Analyst at The Motley Fool, along with David Meier, a fellow analyst known for his qualitative investment approach, share their unique investment journeys. They delve into the emotional complexities of investing, emphasizing long-term perspectives and lessons learned from their early experiences. Listeners gain tips on how to navigate bear markets, the significance of community support, and the importance of understanding a company's story when making investment decisions.
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question_answer ANECDOTE
High School Investing
Alicia Alfieri's first investment was a mutual fund in high school, influenced by her teacher's lesson on compounding.
She persuaded her dad by tracking Pepsi's stock price in the newspaper, a strategy she also used to get a dog.
question_answer ANECDOTE
First Paycheck, First Investments
Bill Barker's investing journey began with his first paycheck after law school and a keen interest in the stock market.
He educated himself primarily through books about business and finance, which sparked his interest in stock picking.
question_answer ANECDOTE
Planning for the Future
David Meier started investing in 1995 after getting married and thinking about future financial goals.
Discovering The Motley Fool and early investment successes solidified his passion for stocks.
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This book tells the full story of the insider-trading scandal that nearly destroyed Wall Street. It focuses on four of the biggest names of the 1980s—Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine—who created the greatest insider-trading ring in financial history. Based on secret grand jury transcripts, interviews, and actual trading records, the book weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions. The story highlights the chase by a team of detectives and the eventual justice brought to these powerful figures[1][4][5].
Barbarians at the gate
The Fall of RJR Nabisco
Bryan Burrough
Barbarians at the Gate is a detailed and engaging narrative about the takeover of RJR Nabisco in 1988. Written by investigative journalists Bryan Burrough and John Helyar, the book provides an unprecedented look at the financial operations and social history of the time. It centers around F. Ross Johnson's plan to buy out RJR Nabisco, which led to a bidding war involving prominent figures like Henry Kravis and Ted Forstmann. The book includes a new afterword that updates the story twenty years after the deal, tracing the subsequent success and failure of those involved and the impact of the story on the world.
Liar's poker
Michael Lewis
Liar's Poker is a non-fiction, semi-autobiographical book that details Michael Lewis's three-year tenure at Salomon Brothers, one of Wall Street's premier investment firms in the 1980s. The book provides a behind-the-scenes look at the culture of bond traders, highlighting the frat-boy camaraderie, killer instincts, and high-stakes games of bluffing and deception. Lewis describes the creation and use of mortgage bonds, the excessive bonuses, and the ruthless competition among traders. The narrative also touches on the author's disillusionment with the industry, leading to his resignation and transition into financial journalism.
The essays of Warren Buffett
Lessons for Corporate America
Warren Buffett
This book is a comprehensive collection of Warren Buffett's annual letters to Berkshire Hathaway shareholders, edited by Lawrence A. Cunningham. It provides valuable insights into Buffett's investment philosophy, corporate management, and business strategies. The letters are organized into thematic chapters, making it easier for readers to understand Buffett's views on various topics such as value investing, executive compensation, and market fluctuations. The book is praised for its clarity, wisdom, and practical advice, making it a definitive source for understanding Buffett's approach to business and investing.
One Up On Wall Street
Peter Lynch
In 'One Up On Wall Street,' Peter Lynch explains how average investors can outperform professionals by leveraging their everyday experiences and knowledge. Lynch advocates for investing in companies and products that are familiar and understandable, rather than following trendy or complex investments. He provides easy-to-follow advice on analyzing financial statements, identifying different types of companies (such as cyclical, turnaround, and fast-growing companies), and maintaining a long-term investment strategy. The book emphasizes the importance of simplicity, patience, and fundamental analysis in achieving successful investments.
If your resolution involves the word “investing,” you’ve come to the right place.
Mary Long talks with a handful of Fools and analysts about:
Investing origin stories.
Recommended materials for a DIY investing curriculum.