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VisualMod t1_iy52ki5 wrote

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VisualMod t1_iy52la3 wrote

It is a bad idea to buy IPOs because you are almost guaranteed to lose money. The stock price will likely not be supported by the underlying business and you could end up losing most or all of your investment.

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ldc262626 t1_iy554pj wrote

Had to google but

LNUX is defunct

8

Bryan_R58 OP t1_iy56bqs wrote

Replying to IanSandersJr (#742,763)

I’m by no means experienced and it’s a bit over my head at times. It’s an easy enough read but I’d start with Bogle and get the basics down (DCA’ing, simple diversification, index fund investing etc)

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RecommendationNo6304 t1_iy5jdmw wrote

I remember watching that show from the sidelines in 1999. I didn't understand much of anything about equities or investing at the time, but it was really wild to see some of those tech stocks rocket. Cisco was another insane chart in 97-2000.

I owned some Compaq, which did well for a while until it didn't, and then got bought by HP. Also owned a few domain names. Would have owned many more had I any idea what kind of ridiculous digital land rush was about to happen.

Linux was the next big thing at the time. It was in vogue to hate Bill Gates & everything Microsoft, despite virtually everyone using Microsoft products.

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Misha-Nyi t1_iy63btg wrote

Tale as old as time…..

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SuperiorZexcess t1_iy66l0t wrote

I googled the stock ticker... Turns out fucking gamestop owns it now LMAO

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Sweet_Scar487 t1_iy67dx0 wrote

Did you find the part in the book where a Mr. James Cramer gets a mention for terrible stock advice?

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Suggestedname420 t1_iy6bxy2 wrote

Replying to Bryan_R58 (#742,930)

It’s a great fuckin book no doubt and has tons of value to new investors…but you’ll get roasted in the sub for admitting you can read, I know these things only because a friend told me

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WallStreetBets181 t1_iy753iy wrote

He owns an island, sails around in his yacht and has a land line telephone, no smartphones or radiation devices.

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Big-Truth-2026 t1_iy77x3e wrote

how old is this book that it's citing the internet

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Icy-Cat6810 t1_iy7ecqc wrote

Replying to IanSandersJr (#742,411)

That book was the first wsbs but in old English written by one fucktart. My favorite is when he tells a story about ancient apes going bonkers on ticket master ipo. Apes back in the day went bonkers buying up the wrong ticker that was a communications company that was going bankrupt cuz those regards though it was the ticket master ticker. Lol it’s a great book about fucktarts, but in old English and boring as fuck Shakespeare shit. It’s like a memoir of dumbasses through out history of the markets. Apes used to count card board boxes to predict Santa Rally’s etc etc lol any thing you can think off it’s been done. Even the card board man getting a cut to not show too many or show extra boxes

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pmslady t1_iy8q3ol wrote

Replying to IanSandersJr (#742,763)

This is the one book I wish I read first before investing. If you want to see if this is the book for you, read page 537 right away to see if something "clicks".

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pmslady t1_iy8qjhc wrote

Replying to Agreeable-Ad-9648 (#745,237)

Both are good but Security Analysis is drier and somewhat boring in comparison to The Intelligent Investor. Security Analysis goes more in depth than The Intelligent Investor. I highly recommend listening to the audiobook version of The Intelligent Investor.

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