Reddit reviews The Warren Buffett Way, Second Edition

• The Intelligent Investor - Benjamin Graham
  
  
• Security Analysis - Benjamin Graham
  
  
• The Interpretation of Financial Statements - Benjamin Graham
  
  
• Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - Howard Schilit
  
  
• Applied Value Investing - Joseph Calandro
  
  
• Analysis for Financial Management - Robert Higgins
  
  
• Margin of Safety - Seth Klarman
  
  
• Common Stocks and Uncommon Profits and Other Writings - Philip Fisher
  
  
• One Up On Wall Street - Peter Lynch
  
  
• Beating The Street - Peter Lynch
  
  
• The Essays of Warren Buffett - Warren Buffett
  
  
• Snowball: Warren Buffett and The Business of Life - Alice Schroeder
  
  
• Buffett Beyond Value - Prem Jain
  
  
• Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald
  
  
• You Can Be A Stock Market Genius - Joel Greenblatt
  
  
• The Little Book That Beats The Market - Joel Greenblatt
  
  
• The Big Secret for the Small Investor: A New Route to Long-Term Investment Success - Joel Greenblatt
  
  
• Reminiscences of a Stock Operator - Edwin Leferve
  
  
• Fooled By Randomness - Nassim Taleb
  
  
• The Black Swan - Nassim Taleb
  
  
• Poor Charlie's Almanack - Charlie Munger
  
  
• Rediscovered Benjamin Graham - Janet Lowe
  
  
• The Theory of Investment Value - John Burr Williams
  
  
• Seeking Wisdom: From Darwin to Munger - Peter Bevelin
  
  
• Security Analysis and Business Valuation on Wall Street - Jeffrey Hooke
  
  
• Value Investing: Tools and Techniques for Intelligent Investment - James Montier
  
  
• Investment Valuation: Tools and Techniques for Determining the Value of Any Asset - Aswath Damodaran
  
  
• The Dark Side of Valuation - Aswath Damodaran
  
  
• Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports - Thomas Ittelson
  
  
• Buyout - Rick Rickertsen
  
  
• Influence: The Psychology of Persuasion - Robert Cialdini
  
  
• Why Smart People Make Big Money Mistakes: Lessons from the New Science of Behavioral Economics - Gary Belsky
  
  
• The Warren Buffett Way - Robert Hagstrom
  
  
• The Most Important Thing - Howard Marks
  
  
• Competition Demystified - Bruce Greenwald
  
  
• Accounting For Value - Stephen Penman
  
  
• Distressed Debt Analysis - Stephen Moyer
  
  
• Bankruptcy Investing - Ben Branch
  
  
• The Vulture Investors - Hilary Rosenberg
  
  
• Creating Value Through Corporate Restructuring - Stuart Gilson
  
  
• Distress Investing - Martin J Whitman
  
  
• The Aggressive Conservative Investor - Martin J Whitman

Before you even go to a financial advisor or one that any Redditor might post to recommend as friends, go borrow these books from the library for a read so the investment world makes sense to you when you do talk about money with a planner and want to make sure you're getting good advice:

http://www.amazon.com/Intelligent-Investor-Definitive-Investing-Practical/dp/0060555661

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393081435

http://www.amazon.com/Warren-Buffett-Way-Second/dp/0471743674

If you're really lazy, at least read the first one.
If you're really, really lazy. Follow this blog for a bit http://canadiancouchpotato.com/

After that, only then should you take referrals and recommendations. Go to a few, and armed with some knowledge, you'll be much prepared to sift through advisors that are trying to bullshit you for front-loaded commissions, etc.

My goal when I started investing was to learn as much as I possibly could without spending a dime. This means not buying stocks or mutual funds immediately, but instead reading and understanding from people who have already done well. If you are unwilling to pick up a book at this stage, then you're going to make some costly mistakes down the road.

My advice: ignore the $2500 and go to the library. Below are my recommendations (taken from the /r/investing sidebar):

• A Random Walk Down Wall Street by Burton G. Malkiel
  
• The Warren Buffett Way by Robert G. Hagstrom
  
• The Bogleheads' Guide to Investing by Larimore, Lindauer, LeBoeuf
  
  > My first (probably terrible) idea was when I noticed that apple shares fluctuate about 30 dollars a day on average. Even if I just had one share and sold high and bought low, 30 bucks a day is bathing in money when you're at school. I realize I'm probably missing something and it isn't that simple, but that's why I want to learn.
  
  This is pure speculation, not investing. Investing means long term (> 10 years) holdings that produce a consistent, reliable return (there is an ebb and flow, of course). Speculating is akin to gambling. If you want your money to work for you, investing is the course much more likely to accomplish that goal. If your goal is a quick buck, then you'll probably have better odds in Vegas than on Wall Street.
  

fair point. maybe the quotes mean more if you have some context of his investment principles. i like the quotes because some of them are good reminders to keep you ontrack. if you're interested he is well worth looking into. i read two books on him a few years back that i found very interesting.

The Warren Buffett Way

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy

one of them in particular (a cant remember which) went into a lot of detail about the criteria he used to select solid companies. if you want specific unique advice about his investment style, id recommend them to anyone that is looking to invest.

> My degree is in civil engineering.

Well, you are smarter than me, so you have the intellectual horsepower to make a lot of money.

I would read up on just the very basics of what a bond is this weekend otherwise what I tell you is not going to make a lot of sense. Bond discount, bond premium, yield to maturity, credit worthiness, duration, etc. You don't have to be super detailed, just know the basics of how bonds work.

This is the best book I have found as a starter for learning about value investing. Used is a penny.

This is the kindle edition of the latest edition - worth the money.

Shot in the dark, have you ever taken an accounting course?

https://www.amazon.com/Warren-Buffett-Way-Second/dp/0471743674/ref=pd_lpo_sbs_14_img_2?_encoding=UTF8&psc=1&refRID=JR7EXGAVQYCA4W1DSQQ1