Schedule.

This is the timeline and the order in which I am planning on studying the two books I described here.

I get home every day at approximately 1:30PM. Lunch takes me about 10 minutes, afterwards I need a nap to clear out my head, which should take between 15-20 minutes. Then I have about three and a half hours till around 5.30PM to set aside for studying. These 3 ½ hours, I intend to use on studying new material. Then, I have set aside about a hour and a half in the evening to review the material learned that day.

This week I intend to finish the first book, Understanding Wall Street.

My plan is to study at least two chapters daily, and then review them in the evening. The book has 13 chapters, 12 of which I intend to master by the end of the week. Chapter 12 refers to technical analysis, and since I am aiming for investing & not trading, I plan on omitting it. Otherwise, I expect to study it thoroughly.

Next week I hope to continue on to the next book, Value Investing. But not before returning to post on what I learned this week.

Choosing Books.

Here we are after writing the Blueprint, just in time to set the foundation in the ground. But first, we need to set the mold in which to pour the concrete. That is what was drawn in the blueprint as Phase 1, setting the curriculum for the forthcoming education.

Before I write my choice of books to read, I'll explain what I was looking for in setting a curriculum.

Prior to studying anything in depth, I like having an overall knowledge of the desired field of study. Bearing that in mind, I proceeded to choose my first book.

Understanding Wall Street
By Jeffrey B. Little, and Lucian Rhodes.

Well, it’s not a “value Investing” book, and I wasn’t looking for one. As I said, I first need to have a clear overall picture. I was looking for a book, which, without preaching any specific method of investing, simply explains everything that’s happening on Wall Street. This specific book uses layman’s language (not for Dummies language…) to explain the terms abundant in the Wall Street guy’s vocabulary. That’s why this is my choice at getting the objective look at the overall way the markets function.

After getting a full view of the market, I need to get an overall view of value investing. I spent many hours on the web, then at the library and finally in Barnes & noble, I decided on this one;

Value Investing: From Graham to Buffett and Beyond
By Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, Michael van Biema.

Even though I haven’t read it yet, it looks to be a good choice. It came across as a book, that while giving you the general picture, does not stray from the clear points. I also liked that it has a brief history of 8 masters of the trade, which sort of puts life to dead numbers.

So much for introductions, now we get to study the bible itself. Namely, Benjamin Graham’s Security Analysis, and The Intelligent Investor.

Next post I intend to write the order and timeline, in which I wish to study all of these.