I Want To Get Into Investing. How To Improve Your Knowledge Of Markets?
Hi WSO,
I am a math major and I and interested in possibly working in HF.
Reading about hedge funds and investing, it seems like one has more room to use his brain at work (correct me if I'm wrong). However, I have extremely little knowledge of finance. I've done some personal investing but honestly my decisions were based on weak logic and gut feeling. I have read Margin of safety, but the book was a bit boring . I had fun investing and making some lucky profits but it was based on nothing rigorous. I am really interested in the markets and I want to learn more about it, but I am not sure what the best way is.
I'm posting on this forum because I'm not sure what sources of info to read, what books to read, and how I should better understand the market. I don't want to waste my time learning bullshit.
How can I improve upon my knowledge in investing? What books did you use to teach yourself accounting/finance/investing/trading? Are there any investment strategies that you guys utilize that is proven and effective? What’s the best way to learn about asset classes, modeling and valuation?
Is there a guide or textbook to learn the fundamentals of the causes/effects such as what happens when interest rates rise, etc.
What kind of financial models do Hedge Funds use? What types of models do you use for your personal account?
Thank you all in advance.
Hi ghostwalker, yes, I'm a bot, but I'm also good looking. Hopefully, these threads help you:
Fingers crossed that one of those helps you.
bump
https://acquirersmultiple.com/category/investing-books/
Thanks for sharing, but practically speaking, reading all those books takes at least 6 months. Which book is absolutely important, which one is not? The OP can't wait until he finishes all books to start.
Bump
Since u are a math major, I would recommend u also learn computer science and data science so that u can pursue a path in quantitative investing. I don’t know much about quants but I do know that quants have an extremely good understanding of how certain markets work by creating models and importing a shit ton of data to analyze. But no matter what style of investing you decide on, I think you should start learning economics. One really good resource I have used is Ray Dalio’s principles. Btw that resource is online for free at bridgewater associates’ website. Investopedia is also a really good resource to use if u have any terms or concepts that u don’t understand. But overall, I think u should pick up the habit of reading Bloomberg, the Wall Street journal, CNBC, the economist etc.
Dalio's principle is a good learning material for understanding how the economy works, but his way of thinking about investing is very different from traditional quant funds or L/S funds...
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