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Mohammed Al Alwan

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  1. I have came across this reading list yesterday ,most of them are familiar to most you but some worth checking. Fairholme's library contains an array of texts on finance and investing, but we also read history, social psychology, biographies, fiction, and other subjects which can all come into play in making investment decisions. Often, investing is more liberal arts than it is business science. Bruce Berkowitz has culled the following titles from the Fairholme shelves, and recommends them to investors and students of finance. Security Analysis, 6th Edition. Benjamin Graham and David Dodd. The Essays of Warren Buffett: Lessons for Investors and Managers. Lawrence Cunningham. Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition. Compiled by Peter D. Kaufman. A collection of speeches and talks by Warren Buffett's partner, Charlie Munger. Intelligent Investor, Revised Edition. Benjamin Graham, Jason Zweig. Influence: The Psychology of Persuasion, Revised Edition. Robert B. Cialdini. Tipping Point. How Little Things Can Make a Big Difference. Malcolm Gladwell. Extraordinary Popular Delusions and the Madness of Crowds. Charles Mackay. Reminiscences of a Stock Operator. Edwin Lefevre. Benjamin Franklin. Carl Van Doren. The Last Lion: Winston Spencer Churchill: Visions of Glory, 1874-1932. William Manchester. Ubiquity: Why Catastrophes Happen. Mark Buchanan. The Great Crash of 1929. John Kenneth Galbraith. Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives. Satyajit Das. The Organized Mind: Thinking Straight in the Age of Information Overload. Daniel J. Levitin. The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market. Leon Levy and Eugene Linden. source: http://www.fairholmefunds.com/homework/
  2. Dear beerbaron Greenwald argument is that the five forces are many and what is relvant in real life is the the presensse of entery barriers.Without entery barriers the other forces are not as important in explnaing the above average profitability.I have heared this from greenwald befor and wondered how he came to this conclusion.As result ,i kept searching and found a strategy book authord by a harvard faculty citing emprical research empahsising entery barrier as the most relvant force among porter five forces.i guess this explain greenwald focus on entery barriers.
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