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India.com
5 days ago
- Business
- India.com
10 Stock Market Books That Give Vital Lessons In Financial Literacy
photoDetails english 2925089 Updated:Jul 02, 2025, 07:29 AM IST 1. The Intelligent Investor 1 / 10 Written by Benjamin Graham, this classic introduces fundamental investment principles and the concept of value investing. The book emphasises the importance of thorough analysis and the potential of undervalued stocks. 2. The Psychology of Money 2 / 10 This book by Morgan Housel is one of the most insightful books on stock market learning. It offers an insight into the behavioural aspects of investing. It highlights how emotions, habits and decisions lead to financial success. 3. Think and Grow Rich 3 / 10 In this classic book, Napoleon Hill explores the psychological foundations of success. The author outlines the principles of amassing wealth, and all but the most basic of them apply directly to stock market investing. 4. The Richest Man in Babylon 4 / 10 Written by George S. Clason, the book discusses saving, investing and debt avoidance by people who are new to the market. 5. Rich Dad Poor Dad 5 / 10 The book by Robert Kiyosaki offers vital lessons in financial literacy as well as ideas concerning investing and building passive income streams. 6. Security Analysis 6 / 10 This book by Benjamin Graham and David Dodd is essential reading for value investors who want to learn the advanced techniques of analysing financial statements and identifying undervalued stocks. 7. The Warren Buffett Way 7 / 10 In this book, Robert G. Hagstrom explores the investment strategies and philosophy of the legendary investor Warren Buffett. It offers valuable insights for anyone interested in the world of finance and investment. 8. One Up On Wall Street 8 / 10 Authored by Peter Lynch, the book offers valuable insight about how a regular investor can make high returns on their investment by using a basic investing approach. 9. How to Make Money in Stocks 9 / 10 Authored by William J O'Neil, the book offers practical advice and proven strategies for navigating the complexities of the market and making informed trading decisions. 10. The Little Book That Still Beats the Market 10 / 10 Joel Greenblatt wrote this helpful book that explains how to invest in the stock market using effective market strategy.
Yahoo
18-06-2025
- Business
- Yahoo
Big Profit Stocks on Sale: 3 Picks at Yearly Lows.
If I were to classify my investment style, I would consider myself a contrarian, rather than a value or growth investor. David Dreman first published Contrarian Investment Strategy: The Psychology of Stock Market Success in 1979. It was one of the first books that got me hooked on investing in the 1980s. The other two: The Intelligent Investor by Benjamin Graham and Peter Lynch's One Up on Wall Street. These three books showed me that you could make money investing. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! 'Dreman believed that investors are prone to overreaction, and, under certain well-defined circumstances, overreact predictably and systematically,' Validea's page about Dreman states. 'They typically overvalue the popular stocks considered the 'best', and undervalue those considered the 'worst', often going to extremes in these over- and under-valuations.' Unfortunately, because growth stocks have ruled the roost for most of the past two decades, contrarian investors haven't fared too well. Eventually, Dreman's philosophy will deliver the goods. But I digress. My commentary today focuses on three profitable companies whose stocks hit new 52-week lows on Tuesday. All of them have the potential to deliver outsized returns over the next 3-5 years for investors who are tolerant enough to stay the course. Here's the how and why for each. Thermo Fisher Scientific (TMO) hit its 24th 52-week low of the past 12 months yesterday. The maker of scientific instruments' stock is down 31.3% over this period and is trading at its lowest level since July 2020. Admittedly, I'm not a big follower of healthcare stocks, but it's a well-known name in the sector, so I'm curious what's holding it back. Analysts like it. Of the 24 covering its stock, 20 rate it a Buy (4.54 out of 5) with a mean target price of $554.46, a level it traded at as recently as February. These same analysts expect it to earn $22.32 a share in 2025 and $24.68 in 2026. Its shares trade at 17.5x and 15.8x these estimates. Thermo Fisher's current enterprise value of $175.73 billion is 4.35 times its trailing 12-month (TTM) revenue. Its EV/revenue multiple hasn't been this low since March 2017. As stated in its Q1 2025 press release, the company continues to allocate capital efficiently, spending $4.1 billion on acquiring Solventum's Purification and Filtration business, repurchasing $2 billion of its stock, and increasing its dividend by 10%. Routinely, it generates between $6 billion and $7 billion in annual free cash flow. Expect it to continue buying back its stock until the next phase of growth kicks in. Copart (CPRT) hit its 14th 52-week low of the past 12 months yesterday. The provider of online vehicle auctions for insurance companies, as well as other related businesses such as banks and rental car companies, and individuals, has seen its share price fall by 13% over the past year. However, over the past five years, it has increased by 127%, outperforming the S&P 500 by 37 percentage points. Copart reported Q3 2025 results on May 22. While they were healthy on both the top and bottom lines, investors were more focused on the real or perceived headwinds caused by tariffs, knocking its stock 21% lower in the weeks since. Because it trades at a premium — 28.3 times its 2026 earnings per share of $1.70 — investors felt that might be too much to pay for a company that tariffs could hurt. However, Copart management believes that replacement parts, which are more expensive due to tariffs, will lead more insurers to opt for writing off a car in a collision rather than paying the higher costs of repairing it, converting tariffs into a win for them. Regardless of the tariff situation, analysts still support it, with seven of 12 rating it a Buy (4.00 out of 5), and a median target price of $65, which is well above its current share price, according to MarketWatch. Copart offers a valuable and essential service to its customers. The need, regardless of AI, persists. That's a significant reason why it has delivered an annualized return of 21% since its initial public offering in 1994. It's a keeper. Watsco (WSO) hit its 13th 52-week low of the past 12 months yesterday, and Pool Corp (POOL) hit its 9th 52-week low. I know I said I'd comment on three stocks hitting new 52-week lows. However, both of these companies should be positively affected by climate change, so I included both. In Watsco's case, it helps homeowners and businesses stay cool in the summer and warm in the winter by distributing HVAC (heating, ventilation, and air conditioning) equipment, parts and supplies. It is the largest distributor in the Americas. Pool, as its name implies, distributes pool equipment and supplies from 445 sales centers across North America, Europe, and Australia. It is the world's largest wholesale distributor of its kind. Its products also help customers stay cool. Both businesses provide products and services that, although not impossible to live without, are pretty essential. In Watsco's case, summer in America gets stinking hot. Air conditioning is a must-have, especially for senior citizens. As for Pool, sure, you can let your pool get dirty, but eventually, you're going to sell your house, and when you do, its products will help make the sales process work like a charm. Of the two, Pool's business has more recurring revenue, but Watsco's high-ticket items make up for this. The former has grown its annual revenue by 9.4% on a compounded basis, compared to 9.9% for the latter. That said, Pool's revenues have returned to pre-COVID numbers. In 2022, its revenues hit a record high of $6.18 billion. As of March 31, the TTM revenue was $5.26 billion, approximately the same as in 2021. Meanwhile, Watsco's revenues have grown from $5.05 billion in 2020 to $7.58 billion as of March 31. Analysts have mixed feelings about both stocks. I like both of them because climate change isn't going away. They're profitable and generating significant cash flow, which allows them to buy back shares during times of weakness, such as the current situation. It will pass. Don't pass on WSO and POOL for the long haul. On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
13-06-2025
- Business
- Time of India
Bill Gates and Warren Buffett give credit to this ‘one word for' for their success; it might change your life too
Bill Gates and Warren Buffett give credit to this 'one word for' for their success; it might change your life too When asked to sum up their success in just one word, Bill Gates and Warren Buffett both responded with the same answer. Despite coming from different industries, their paths to becoming two of the world's most influential billionaires were shaped by an intense dedication to their respective passions. Gates revolutionised personal computing while Buffett transformed the investment world with long-term strategies. Their routines, habits, and decisions were rooted in purpose rather than chance. Their journeys offer lessons that apply well beyond boardrooms or billion-dollar deals. Whether you're a student, professional, or entrepreneur, understanding what shaped their success can provide insight into how to shape your own path. One word that defined the success of Bill Gates and Warren Buffet In a 2016 conversation moderated by Charlie Rose, Bill Gates and Warren Buffett were each asked to write down one word that best explained their success. Without any prior discussion, both chose the same word: focus. This shared answer reflected a deep truth about their lives. Gates had focused himself in computer programming during his teenage years, eventually leading to the creation of tech giant Microsoft. Buffett, on the other hand, began investing at the age of 11 and built his empire through disciplined long-term strategies. Their ability to concentrate on one area for decades helped them to develop unmatched expertise and build lasting success. Bill Gates' early passion for technology Bill Gates has often said that the things you focus on as a teenager can shape your entire future. In a 2016 interview with Charlie Rose, he shared how his obsession with computer programming between the ages of 13 and 18 laid the foundation for what would become Microsoft. His interest in technology was sparked when he got access to a computer at his school and started learning codes. He was fascinated by the potential of software to solve problems. In 1975, he dropped out of Harvard and co-founded Microsoft with Paul Allen. Gates led the company through major innovations like Windows that made personal computing accessible to millions. That early focus turned into one of the most successful tech companies in the world. By age 20, Gates had already become a millionaire. Today, his net worth is estimated at about $127 billion, making him one of the richest persons on Earth. Warren Buffett's lifelong commitment to investing Warren Buffett showed a strong interest in money and business from an early age. He bought his first stock at the age of 11 and never stopped learning about investing. Fascinated by numbers and value he spent hours reading financial reports and books like The Intelligent Investor by Benjamin Graham which shaped his thinking. Buffett studied economics and built a strategy based on buying undervalued but strong companies. As the head of Berkshire Hathaway he turned a small textile firm into a powerful holding company with stakes in Geico, Coca-Cola, American Express and Apple. Known for his discipline and patience he rarely follows market trends. His focus on long-term value helped him become one of the most successful investors in history. With a net worth near 160 billion dollars Buffett's life shows the strength of staying focused on a single goal. The story of a shared word by Gates and Buffett At an event hosted by Gates' father, both Gates and Buffett were asked to write down one word that explained their success. Without consulting each other, they both wrote the same thing—focus. Buffett later explained that they had each found their strength early and stuck with it. Gates focused on software. Buffett focused on investments. Their ability to commit and stay on track made all the difference. Lessons anyone can apply to be successful in life You don't have to be a billionaire to apply these lessons. Start with these three simple ideas: Start early if you can: The earlier you begin, the more time your skills or investments have to grow. But even a late start can be powerful if you're consistent. Stay consistent: Both Gates and Buffett focused deeply and stuck with their mission over decades. They didn't change direction often, and that gave their efforts time to succeed. Think long term: Buffett believes in long-term investing and sticking with quality companies. Gates built a company with a long-term vision for the future of computing. The takeaway is clear. Whether your dream is to build software, run a business, or master a craft, the key is to find your focus and stick with it. In a world full of distractions, staying true to a single direction can be the biggest advantage of all. Also read | Sam Altman just dropped a big AI prediction for 2026; experts are skeptical AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Straits Times
18-05-2025
- Business
- New Straits Times
MONEY THOUGHTS: High volatility: Friend or foe?
THE world's greatest investor is Warren Edward Buffett, currently (still) chief executive officer of New York Stock Exchange-listed Berkshire Hathaway. Buffett will turn 95 on Aug 30 this year, and recently announced that at the end of 2025 he will step down as CEO, yet thankfully retain his chairmanship of Berkshire, which he's controlled for 60 years. The reason many also consider Buffett the greatest living teacher of investing is his staggering capacity to adroitly share his thoughts and guidance on both business and investing. You will undoubtedly benefit from listening to Buffett speak on different facets of lifelong investing. So, here's a brief video clip of him speaking about recent market volatility: Note: Earth's capital market comprises two parts: the ownership-focused equity market, and the loanership-based fixed income market. Both are subject to price and thus valuation volatility. This means we might, understandably, lose sleep when our capital market investments fall in value. Frankly, it takes time (and many psychic bruises) to learn how to look at oscillating markets and rollercoaster valuations in an appropriate (translation: profitable) manner. Ideally, each of us should aspire to become incrementally better at stomaching unavoidable market volatility over the course of a typical two- to seven-decade investment time horizon spanning one lifetime. CRUX OF INVESTING In last week's Money Thoughts column, I referenced a foundational sentence written by Buffett's mentor Benjamin Graham, who is known as the Father of Security Analysis. In his important 1949 book, The Intelligent Investor, Graham stated: "Investment is most intelligent when it is most businesslike." Understand that Buffett was just 19 years old when he first read that seminal book. It triggered in him a trajectory-changing epiphany about the best way to invest. Later, Buffett studied under Graham at New York City's Columbia University, and several years later worked in Graham's investment firm Graham-Newman Corporation before branching out on his own when Graham retired. I'd now like you to think about what you do to earn a living… It probably involves providing goods or services, or both, in some way, shape or form. Am I right? For any such economic entity to succeed long-term, it must generate a surplus or profit. How is that done? By buying low and selling high, or by producing or manufacturing "stuff" at a cost that's lower than its selling price. That's the crux of any business. Therefore, if we take Graham's dictum to heart -- "investment is most intelligent when it is most businesslike" -- we understand it is also the crux of investing. HANDLING MARKET VOLATILITY Since volatile zigzagging investment asset prices give us numerous seasons to "buy low and sell high", it should be logical for us to welcome capital market volatility. However, we aren't always logical. Frankly, more often than not, we're nervous, anxious and afraid. Nonetheless, while there has only ever been one Warren Buffett, all of us can set the stage for greater economic success for our families and ourselves in the coming years and decades by taking three steps to better handle intermittent market volatility: 1. Save first, invest second; 2. Diversify across several asset classes and geographic regions, as well as over a very long timeline; and 3. Dynamically rebalance our portfolios when volatility creates opportunities and reasons to do so. To elaborate: Although successful investments yield far better returns than boring savings, having fat layers of cash savings help us all to stabilise our finances and thus steady our emotions during terrifying periods of market dislocations. (Interestingly, Buffett raised Berkshire's typical stabilising cash pile of US$100+ billion to more than US$300 billion prior to the steep capital market plummets triggered by Donald Trump's selfish, unwise, tariff-weaponised egregious assault on global free trade. Throughout his life, Buffett's been a genius-level observer.) In our own lives, within our undoubtedly smaller portfolios, similarly thickening our cash layers can and will stabilise our thoughts and thus our aggregate asset piles. INTELLIGENT DIVERSIFICATION The old saying, "Don't put all your eggs in one basket," encapsulates in just eight words the real reason intelligent diversification works so well in the rough and tumble world of global investing. Next week I'll elaborate on the powerful wealth-building strategy called Dollar-Cost Averaging or DCA. It is the best way I know of implementing the powerful principle of buying low and selling high. (If you aren't currently using it for your own investments, be sure to head back here for next week's DCA-focused Money Thoughts column.) Finally, for now take heed of the extreme valuation swings which sometimes materialise when high investment market volatility provides us with intermittently high and low portfolio values. As long as we stay focused on the wisdom of buying low and selling high, intense market volatility can — at different times — grant us high price levels to sell assets and thus raise our cash levels, and low-price levels to buy assets with our saved or stockpiled cash. Repeated cycles of buying low and selling high can help us build up liberating levels of wealth. © 2025 Rajen Devadason
Yahoo
15-05-2025
- Business
- Yahoo
Bruce Berkowitz's Strategic Moves: The St. Joe Co Sees a -1.56% Portfolio Impact
Bruce Berkowitz (Trades, Portfolio) recently submitted the N-PORT filing for the first quarter of 2025, providing insights into his investment moves during this period. Bruce Berkowitz (Trades, Portfolio) is the founder and the Managing Member of the Fairholme Fund (Trades, Portfolio). Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997. Bruce Berkowitz (Trades, Portfolio) concentrates his investments in a relatively small number of companies. He thinks that the more diversified the portfolio, the more likely the performance will be average. He likes companies with great managers, and deeply undervalued stocks. Benjamin Graham's "The Intelligent Investor" serves as the inspiration for Berkowitz' investment strategy. He focuses investments on companies that have exceptional management, that generate free cash, and that are cheaply priced. Berkowitz will also invest in mediocre companies that are trading at a significant discount to intrinsic value where there exists a catalyst event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time. Warning! GuruFocus has detected 7 Warning Signs with JOE. Bruce Berkowitz (Trades, Portfolio) added a total of 2 stocks, among them: The most significant addition was Diamondback Energy Inc (NASDAQ:FANG), with 4,000 shares, accounting for 0.05% of the portfolio and a total value of $639,520. The second largest addition to the portfolio was Core Natural Resources Inc (NYSE:CNR), consisting of 5,000 shares, representing approximately 0.03% of the portfolio, with a total value of $385,500. Bruce Berkowitz (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them: The most notable increase was Occidental Petroleum Corp (NYSE:OXY), with an additional 45,300 shares, bringing the total to 54,300 shares. This adjustment represents a significant 503.33% increase in share count, a 0.18% impact on the current portfolio, with a total value of $2,680,250. The second largest increase was Enterprise Products Partners LP (NYSE:EPD), with an additional 1,500 shares, bringing the total to 5,450,400. This adjustment represents a significant 0.03% increase in share count, with a total value of $186,076,660. Bruce Berkowitz (Trades, Portfolio) also reduced positions in 3 stocks. The most significant changes include: Reduced The St. Joe Co (NYSE:JOE) by 410,600 shares, resulting in a -1.99% decrease in shares and a -1.56% impact on the portfolio. The stock traded at an average price of $46.79 during the quarter and has returned -2.87% over the past 3 months and 3.36% year-to-date. Reduced Energy Transfer LP (NYSE:ET) by 686,300 shares, resulting in a -80.47% reduction in shares and a -1.13% impact on the portfolio. The stock traded at an average price of $19.48 during the quarter and has returned -8.38% over the past 3 months and -4.99% year-to-date. At the first quarter of 2025, Bruce Berkowitz (Trades, Portfolio)'s portfolio included 12 stocks, with top holdings including 78.07% in The St. Joe Co (NYSE:JOE), 15.31% in Enterprise Products Partners LP (NYSE:EPD), 2.26% in Bank OZK (NASDAQ:OZK), 2.14% in Berkshire Hathaway Inc (NYSE:BRK.B), and 1.53% in WR Berkley Corp (NYSE:WRB). The holdings are mainly concentrated in 4 of the 11 industries: Real Estate, Energy, Financial Services, and Technology. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
