Goldtent TA Paradise

Need some new books

1. Aurum Maximus says:

   April 11, 2020 - 6:06 pm at 6:06 pm

   Didn’t want to start a new thread. Saw this on Jim Sinclair’s website. This is Wuhan, some amazing buildings! Ok now send me some book recommendations. 🙂

   https://www.youtube.com/watch?time_continue=151&v=3hARrwaAO_g&feature=emb_logo

   • Fullgoldcrown says:

     April 11, 2020 - 6:21 pm at 6:21 pm

     That is INCREDIBLE …thanks for that Sir Aurum….I had no idea ….incredible place

     The image we have is of some dirty old backward hell hole.

     Wow

2. Patrick says:

   April 11, 2020 - 6:13 pm at 6:13 pm

   Stan Weinstein secrets for profiting in bull and bear markets

3. Fullgoldcrown says:

   April 11, 2020 - 6:24 pm at 6:24 pm

   Of course…The Bible of TA

   https://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/0814408648

   also Plunger will be along with his incredible list…stand by for that

   • Plunger says:

     April 11, 2020 - 10:21 pm at 10:21 pm

     Well I did introduce this group to Weinstein’s book about 5 years ago. I actually just finished rereading it this week. Indispensable

     • Patrick says:

       April 12, 2020 - 8:12 am at 8:12 am

       Yep. I re read it on occasion.. always finding new tidbits I missed before. That booked saved my NAV

   • Plunger says:

     April 11, 2020 - 10:22 pm at 10:22 pm

     Edwards and McGee would be next, you’re right

4. Plunger says:

   April 11, 2020 - 11:04 pm at 11:04 pm

   OK I will always respond to a challenge so here goes:

   A few days ago I watched a RealVision interview with some real estate guy. He was full of facts and figures, spouting them out left and right. At the end of the interview he was asked what books have you read that you can recommend. He said none… I don’t read any books. I was stunned… really, good Lord. You know Charlie Mungers quote right? Paraphrased it is something like this: “I have never known anyone who had any depth of knowledge who wasn’t constantly reading all the time” Bravo Charlie!

   So keep in mind TA isn’t everything… broaden your horizons. Here are some of my all time favorite books in the financial space:

   One of the original TA books. It is hard to find- Technical Analysis and Stock Market Profits.. Richard Schabacker

   Candlesticks- Steve Nison

   Non-TA books:

   Probably the greatest book in investing of course is Reminiscences of a stock market operator- The classic Autobiography of Jesse Livermore. I re-read it every few years. It never gets old.

   Market Wizard series by Schwager

   Devil take the hindmost- Chancellor

   The Big Score- Mcnish- about Robert Freidland’s awesome discovery of the Voiseys bay Nickel discovery. No one has ever read this book and not said it was absolutely fantastic. It is a must read actually . and it’s a Canadian author.

   The Big Rich- Burrough. Highly entertaining book on the history of Texas’ big 4 wealthy oil families. So deep. It will enlighten you of where all the prominent names came from in Texas that you have heard before. Teaches so much about human hubris and its eventual destruction of everything. I lived in Dallas for 20 years and I wish this guy had written this book before I left. Once I read it everything fell into place. The story of the big oil bust of the 1980’s will teach you things you need to know as an investor. Just a great book.

   The Prize- Yergin. You may have heard of this book. They made a PBS documentary on it. It’s the history of oil… kind of a must read.

   Family Fortunes- Bill Bonner. Of course I am a Bill Bonner fanatic. I read everything he writes. But this book is a very serious book. It is the product of a lifetime of thinking of how one should manage money within a family. He has really thought it through. You owe it to your family to read it.

   If you haven’t read the works of Dan Oliver and you suspect you may have gold bug tendencies, I recommend you swing over to his website and start reading his works. This guy understands gold better than anyone else I have been exposed to. Myrmikan Research

   That ought to get you started. When you are done with all of these and have them highlighted then give me a ring 🙂

   • Fullgoldcrown says:

     April 11, 2020 - 11:23 pm at 11:23 pm

     LOLOLOL

     You asked for it Sir Aurum Maximus 🙂

     YOU have homework.

     Sir Plunger you are a most passionate reader in Economics and Financial history

     You should be a Professor in you own school of Economics

     I am sure your favorite course would be MMT

     🙂

     • Plunger says:

       April 12, 2020 - 12:14 am at 12:14 am

       Not

   • Steins1 says:

     April 11, 2020 - 11:40 pm at 11:40 pm

     You know Plunger, I think I’ve read you recommending most of them one time of another. 🙂
     That’s why I often say, when you guys that are well read speak….Listen!
     I’ll never forget your call in ’16 when you didn’t buy into the gold bull.
     I actually did really well for the short time, just didn’t sell!

5. Aurum Maximus says:

   April 12, 2020 - 12:29 am at 12:29 am

   Thank you for the advice everybody! Have a great evening.

6. Aurum Maximus says:

   April 12, 2020 - 3:48 am at 3:48 am

   Ok Plunger, I ordered every book you suggested. You are gonna force me to put down “The Art of War” 🙂
   As a native Texan I look forward to reading “The Big Rich”.
   Thanks again for the suggestions!

   • Plunger says:

     April 12, 2020 - 10:35 am at 10:35 am

     Regarding the Big Rich, The story of Clint Murchison Jr is simply so instructive in life in general. This book relates the feeling of just how rich these people were on a relative basis. Think of it this way; in today’s world we have slews of billionaires. A dime a dozen. But back in the 1950’s and 60’s there really were not that many super rich people.The power and influence of these people was simply unreal in their backwater state. Of course this kind of power ultimately destroyed Murchison by way of hubris. This guy who owned the Dallas Cowboys used to show up at each Braniff Airlines flight attendant graduating class and cherry pick the prettiest stews to staff his private flight department. When they got recruited It was understood that all “services” would also be rendered to him.

     The story of his unseemly end is simply excruciating. By the late 1970’s oil was everything. The money factory was to go on forever, a downturn in oil could not have even been conceived of. I remember this well as I lived in Oklahoma at the time and dated a few girls whose fathers were oil men and bankers. They were on top of the mountain and ultimately lost everything in the 1980’s. The book describes the final meeting when the lawyers all assembled at his house for the final bankruptcy in north Dallas. His estate was a huge land mass smack in North Dallas adjacent to highland park. This is prime real estate and he owned it all. Today this land has all been developed into smaller plots each having a mansion on it. After reading the book I drove around it one day getting a feel for what he once owned. To think he lost it all and in such ugly fashion was really humbling.

     It taught me that it matters not how big and powerful you are you can lose it all. Its a great book

7. Patrick says:

   April 12, 2020 - 8:14 am at 8:14 am

   Peter brandts books. He does not cheat. You can follow point for point how one of the greatest most stable classical chart trader has done it.

8. Patrick says:

   April 12, 2020 - 8:15 am at 8:15 am

   I’ll even recommend some poker books.. they have alot in common with us. Manage emotions.. risks.. rewards..

9. Aurum Maximus says:

   April 12, 2020 - 2:19 pm at 2:19 pm

   Thanks Plunger, I know that area of Dallas very well as I lived near there after college.

10. Aurum Maximus says:

    April 12, 2020 - 3:59 pm at 3:59 pm

    Appreciated, Patrick.