India Fund Performance Compared to Index -Sensex(in %)
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[+-] Asset Allocation Chart

* Beta version, started on Jan/2010 as an trial. Currently contains very limited data. Read more about this chart in the post

Friday, March 19, 2010

Book Review: You Can Be a Stock Market Genius

I recently purchased 3 books after taking inputs from couple of people and looking through the list of best books listed by the investors I follow.
 1. You Can Be A Stock Market Genius By Joel GreenBlatt
 2. Quality Of Earnings - The Investor's Guide to How Much Money A Company Is Really Making By Thornton L. O'Glove
 3. Analysis of Financial Statements By Leopold A Bernsterin & John J Wild

Title: You Can Be a Stock Market Genius - Uncover the secret hiding places of stock market profits.
Author: Joel GreenBlatt
First Edition: 1999
Publisher: Simon & Schuster New York

Now, don't be misled by the title. It is in fact a good book. It's not a 'hot' book which just came out now, it was published first edition on 1999.

This is not a book for everyone; it is focused on different types of corporate actions and opportunities for profits arising due to it. In the book, author goes over multiple topics were market can be inefficient (at least for short durations). It covers topics including Spin-offs, Mergers, Restructurings, Bankruptcies, Rights Offerings, Risk Arbitrage, Merger Securities, Recapitalizations.

Good think about it is that the author provided one or more case studies (from his own experience) along with discussion of each type of opportunities. Also a pretty comprehensive list of resources where we can look for new opportunities and how to pursue are given in last chapter. As the author says multiple times on the book, this book servers as a guide and makes the readers aware that these types of opportunities exists, so the read have an idea about what to look for. It's a light read, no formulas or complex equations. All the case studies discussed (one case come close to a blowup, but ended well) in the book are success, it would have be interesting read about few cases where it was disaster (because it happens!!).