Reddit reviews Good Stocks Cheap: Value Investing with Confidence for a Lifetime of Stock Market Outperformance

I think @partickbobstarpants has given a good list. And normally writing such a post will require at least 100 pages, here's something which I keep thinking about:

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First, Learn meditation and staying calm. Losses are part and parcel of investing. People get high on wins and panic a hell lot when they take a hit. Sometimes withdrawing money too early. You need to be ready to take it on the chin. Sometimes you might come out looking like a fool. Just remember it happens with even the best of investors.

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Second, there are multiple ways to win:

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When you pick a Technical Analysis book, it show you some beautiful lines of Moving Averages predicting a stock going up and down, it will look down upon other techniques. What it doesn't tell you that Moving averages sometimes lag and whipsaw a lot.

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When you pick up a Price Action book, it will show you beautiful charts of prices bouncing off Support and Resistance. It will again look down upon other techniques. What it doesn't tell you that in a fast moving market, no gives a shit about Pivots, Support or Resistance.

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When you pick up a fundamental technique book, for example Value investing, it will show you beautiful examples of people buying companies at intrinsic value and then selling it off for double/triple gains. What it wont tell you is that finding correct intrinsic value is difficult even for Buffet.

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It is not that each of these techniques don't work. The problem lies with people taking everything on faith and emulating what someone has said. People who are stuck in the copy mode, never win because all they know is to copy. Best investors are those who find their own way. The best example is the godfather of investing Warren Buffet - he started with Graham style deep value cheap stocks before shifting away to Munger/Lynch's good company at cheap price. He evolved and developed his own technique.

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If you need a book to star off with, see if you can get a cheap copy of this: https://www.amazon.in/Good-Stocks-Cheap-Confidence-Outperformance/dp/125983607X (while you can pirate it, I'd suggest buying so that the author can be rewarded for his work). The beauty of the book is that it is very basic as well as deep, things you will understand with experience. The point ,again, shouldn't be to copy his style word for word rather evolve your own.

Oh this is probably an underrated question. I struggled with this for a while. I hope others will chime in with their opinions, but here's mine: https://www.amazon.com/Good-Stocks-Cheap-Confidence-Outperformance/dp/125983607X

The guy that wrote that book also runs a value investing course at Stanford. It can be taken online and is open to everyone on a first-come-first-served basis. I've taken the course and I really liked it. The book basically mimics the course, so it's a cheaper option. But if you can afford the course I think it's worth the investment. I do think, however, that you need to have a good grasp of basic accounting before taking the course. I felt that alot of my fellow students fell behind (or were left behind) because they didn't have this. Seriously! If you haven't taken an accounting course you need to do that first.