daemon@decwrl.UUCP (02/06/84)
From: nacho::mpalmer (Coffee Achiever)
>From : NACHO::MPALMER
Organization : Digital Equipment Corp.
NEWSGROUP: NET.INVEST
SUBJECT: BOOKS ON STOCKS & BONDS
My favorite factual book on the topic is:
"Why Stocks Go Up (and down)
a Guide to Sound Investing
Author: William H. Pike
Publisher: Dow Jones - Irwin
Homewood, Illinois, 60430
The author is a professional securites analyst in Boston whose background
includes a Metallurgy Engineering degree from MIT.
It's a very factual book but is not pedantic or too dry. It starts with
the basics of how a company is formed, does its accounting, and goes public.
This background is used later to explain how the market works. It is the
textbook for a course he teaches to newcomers to the investment industry,
and is organized in parts - some of which may be skipped if desired without
losing continuity or necessary information to understand later parts.
Description of parts:
I. Basics: Starting a business, Financial statements, and Common Stock
Follows a hypothetical company ("Jones Mousetrap Co.") from its beginning
as a 1-man trade through its growth into a large corporation with plenty
of assets; explains the whys and hows of issuing stock to get capitol etc.
Nice round numbers used in illustrations.
(7 chapters)
II. Securities Other than Common Stock: Bonds and Preferred Stock
(3 chapters)
III. Accounting for Assests
(3 chapters)
IV. Why Stocks Go Up
(4 chapters)
includes following an 18 year history of Poloroid Stock
Two Appendices: Short Selling and Buying and Selling on Margin
It's about $17
Mark Palmer
Digital
(UUCP) {decvax, ucbvax, allegra}!decwrl!rhea!nacho!mpalmer
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decwrl!rhea!nacho!mpalmer@SU-Shasta