Best Books to Read and Listen

MOMENTUM MASTERS- A ROUNDTABLE INTERVIEW WITH SUPER TRADERS- MARK MINERVINI

“Momentum Masters: A Roundtable Interview with Super Traders Mark Minervini, Dan Zanger, David Ryan, and Mark Ritchie II,” published by Access Publishing Group, LLC in 2015, offers investors a comprehensive guide to achieving success in the stock market.

The central theme of the book is to address the real-world challenges and knowledge gaps that confront traders, providing insights into how to truly make money in the stock market. Author Mark Minervini, a U.S. Investing Champion, observed that despite the depth of his first book, “Trade Like a Stock Market Wizard,” traders continued to have a hunger for more knowledge. This led to the unique roundtable interview format of “Momentum Masters,” where Minervini and three other highly successful traders – David Ryan, Dan Zanger, and Mark Ritchie II – answer a curated set of 130 relevant questions submitted by real traders. This format allows readers to compare and contrast the diverse insights, acumen, and trading experiences of the four masters.

The book is praised for its “all meat” approach, focusing purely on questions and answers pertaining to trading, without colorful biographical details or literary flourishes. It distills wisdom on trading high-momentum stocks.

Meet the Momentum Masters:

Mark Minervini: Author of “Trade Like a Stock Market Wizard,” he turned a few thousand dollars into millions, averaging 220% per year for five consecutive years, achieving an incredible 36,000% total return. He also won the 1997 U.S. Investing Championship with a 155% annual return.
David Ryan: A protégé of William O’Neil, he won the U.S. Investing Championship three years in a row (1985-1987), achieving a total return of 1,379% over those three years. He favors fast-growing small- and mid-cap stocks.
Dan Zanger: Chief technical analyst for chartpattern.com, he famously turned $10,775 into an audited gain of $18 million in just 18 months, a 164,000% return. He prefers larger-cap and even mega-cap stocks.
Mark Ritchie II: Son of well-known trader Mark Ritchie, he achieved a 100% return in less than six months to win Minervini’s 2010 Triple-Digit Challenge and has since delivered consistently superior trading performance.

The book is organized into eleven sections, covering critical aspects of trading:

Introduction
Stock Selection
Position Sizing
Technical Analysis
Fundamentals
General Market
Entry Criteria
Risk Management
Trade Management
Psychology
Final Thoughts

Key concepts emphasized throughout the book include:

Discipline and Risk Management: The masters consistently highlight the importance of cutting losses, protecting profits, and managing position sizing to avoid major setbacks. Minervini’s top rules include “Think risk first” and “Keep losses small”.
Focus on Price and Volume: While fundamentals are considered, the core emphasis for momentum traders is on the price action and volume characteristics of stocks. Many stress that market action should guide decisions, not personal opinions or external news.
Concentration over Diversification: To achieve “superperformance,” the traders advocate for concentrating capital in a few high-conviction positions rather than diversifying broadly, while meticulously managing the downside risk.
Learning from Mistakes: All four traders underscore the importance of self-analysis and learning from both winning and losing trades to refine one’s method and psychology.
Patience and Adaptability: While core strategies remain constant, adapting to current market conditions, such as choppy markets, by trading smaller or sitting out, is crucial.

Ultimately, “Momentum Masters” conveys that successful stock trading is a journey of continuous learning, self-discipline, and adapting timeless market principles rather than seeking “magic formulas.” It encourages traders to delve deep into the realities of market behavior and to continually refine their approach based on concrete results and disciplined execution.

Click here to buy the book

Quality of Earnings by Thornton L O’Glove

Summary

This is an investor’s guide titled “Quality of Earnings” by Thornton L. O’Glove, designed to help readers discern how much money a company is truly making beyond what superficial financial statements might suggest. The book emphasizes that investors should not blindly trust analysts or auditors, advocating for a deeper, more informed analysis of financial data. Key themes explored include understanding nonoperating and nonrecurring income, analyzing declining and increasing expenses, and comparing shareholder reporting versus tax reporting to uncover potential manipulations. Ultimately, the book aims to equip investors with the tools to identify “accounting fluff and gimmickry” that can overstate earnings and to make more robust investment decisions.

The central theme of the book is to provide investors with a guide to understanding how much money a company is really making, moving beyond superficial financial statements. O’Glove emphasizes that investors need an informed analysis of readily available materials to make knowledgeable buy and sell decisions. He observed that many companies’ earnings reports can be “partially illusory,” making a deep understanding of “quality of earnings” crucial for meaningful financial analysis.

The book is praised by various financial and academic professionals:

Professor David Hawkins of Harvard Graduate School of Business Administration notes that O’Glove shows how to profit from earnings quality signals.
Frank Fabozzi, Managing Editor of the Journal of Portfolio Management, recommends it for learning to analyze financial statements and identify what you don’t know.
Charles Ellis of Greenwich Associates describes O’Glove as a “professional, an insightful thinker and a fine writer,” making the book essential for every investment professional.
Martin E. Zweig of The Zweig Forecast states that O’Glove “cut through accounting fluff and gimmickry” and helps identify stocks to avoid due to overstated earnings.
Monte J. Gordon, Director of Research at The Dreyfus Corporation, calls “Quality of Earnings” a “refreshing and welcomed expression” of the need to understand company fundamentals, asserting that intensive research can uncover “unrecognized fundamental impediments and dangers”.

Thornton L. O’Glove’s background as a finance major, stockbroker, and author of the “Quality of Earnings® Report” newsletter provides the foundation for the book’s insights. He observed that markets are often imperfect and do not always reflect all that is known about a security. He became disillusioned with the superficial analysis prevalent on Wall Street, where many professionals concentrated on current labor rather than thorough financial analysis, leading him to return to research and evaluation. He expresses gratitude to figures like Leonard Spacek and Abraham J. Briloff, whom he dedicates the book to as “The Consciences of Accountancy,” for their contributions to improving financial accounting reforms and for influencing his understanding of accounting practices that can distort earnings.

The book covers various critical aspects of financial analysis, aiming to provide a comprehensive guide for investors. Key chapters and topics include:

Don’t Trust Your Analyst
And Don’t Trust Your Auditor
Person to Person: A Shareholder Letter
Differential Disclosure
Nonoperating and/or Nonrecurring Income
Declining and Increasing Expenses
Shareholder Reporting versus Tax Reporting
Two Key Ratios: Accounts Receivable and Inventories
Debt and Cash Flow Analysis
Dividends: The Tender Trap
The Importance of Understanding Accounting Changes
Coming Clean After the Big Bath and/or Restructuring

Ultimately, the book’s message is that individual investors, through diligent analysis and hard work, can avoid pitfalls and maximize their chances of making profits, rather than relying on “magic formulas”. It encourages investors to dig deeper into financial statements and understand the underlying realities of a company’s financial health.

To buy the book click here

ACTION -100 POWERFUL PRINCIPLES OF PERSONAL FINANCE

Personal Finance is a subject that touches every aspect of our lives, yet is is one that many of us struggle to understand and manage effectively. It is a complex and ever-evolving field that requires constant attention and adaptation. The principles of personal finance are not just about managing money but about creating a better future for yourself and your loved ones.

This book explores 100 personal finance principles that will help you make the most of your earnings. It brings to light the key principles of personal finances using what the authors call

A C T I O N framework.

A – ASSESS -Income and Expenses, Assets & Liabilities and Risk

C CREATE – Goal setting, Asset allocation strategy and Contingency Planning

T TAKE ACTION – Create a Budget, Investment Plan, Execute your Portfolio and Track Investments

I INSPECT PROGRESS – Review Financial Plans, Update Goals, Portfolio Rebalancing strategies

O OPTIMISE – Increase Income, Reduce Expenses & Liabilities and Minimise Taxes, Fees & Risks

N NAVIGATE – Knowledge Sources, Financial Planning Tools, Software and Apps

The Authors have also provided a very useful AUTOMATED BUDGETING TOOK free with the book, which Covers.

Saving Calculations
Budgeting Calculations
Investing and Compounding Calculations

The Authors.

Vivek Mashrani is the Best Selling Author of the Book ” You Can Compound”. This is his second Book which is also amongst the Bestsellers. He is a successful enterpreneur who is founder and director at Techno Funda Ventures based out of Ahmedabad India. He is also building a community under his Techno Funda initiative. Vivek is a CFA charter holder and member of CFA Society India, and an MBA in Capital Markets from Narsee Monjee Institute of Management Studies, Mumbai.

Anand venkitachalam is a founder and managing partner at KARM capital, where wealth meets purpose in a harmonious blend of financial stewardship and meaningful impact. He is also the founder and CEO of Nuvolance Technologies Pvt Ltd, which offers SAAS based tools for community collaborations, such as Dhruva and Polaris. Anand has a M Tech from IIT Mumbai and an executive MBA from IIM Bangalore.

To Read and Buy the Book ACTION click here.

https://amzn.to/43HO23y

To Read and Buy the Book YOU CAN COMPOUND Click Here.

https://amzn.to/3vD0GUR

To join the Techno Funda Community for a Free Course click here

https://technofunda.community/basic?tfp=63920f1288f0d

MS Word Training

Prabhat Shrivastava’s Podcast

https://anchor.fm/prabhat–shrivastava

This is my first Podcast published using Anchor.fm and Spotify. look forward to more Episodes. Subscribe, like and follow

The 80/20 Principle: The Secret of Achieving More with Less by Richard Koch

THE 80/20 PRINCIPLE : THE SECRET OF ACHIEVING MORE WITH LESS BY RICHARD KOCH

With a simple observation that in his garden, 80 percent of the peas were borne by 20 percent of the pods, Vilfredo Pareto created a revolutionary principle. Known as the Pareto\’s principle or the rule of 80-20, the core of this principle lies in the fact, that 80 percent of the results which one receives in a field of activity is a result of 20 percent of the efforts.

In case of business, merely 20 percent of the customers help in generating 80 percent of the revenue. This principle is developed and presented in a systematic way by Richard Koch. He not only explains the intricacies of the principle but also goes a step ahead by explaining the reasons that make this principle work.

It is a secret used by highly successful people, which is made known to the common man through this book. RHUS published the reprint edition of The 80/20 Principle: The Secret to Achieving More with Less; Reprint edition in 1999. This book is available in paperback.

Key Features:

This book has been translated into over 34 languages and has received acclaim worldwide.
GQ listed this book in its list of top 25 business books.

In the 20 years since its first publication, The 80/20 Principle has become a business classic and a global bestseller. In this new edition Richard Koch outlines a fresh understanding of the true power of the principle.

And it is powerful: the 80/20 principle – the counter-intuitive yet prevalent fact that 80 percent of results flow from 20 percent of causes – is the one true principle of highly effective people and organisations and has stood the test of time.

Many thousands of people throughout the world have found the principle useful at work, in their careers and in their personal lives. Koch outlines how with the 80/20 Principle we can achieve much more with much less effort, time and resources simply by concentrating on the all important 20 percent thus controlling events instead of being controlled by them and with several times the results.

Click here to read the book

80%Mindset 20%Skills by Dev Gadhvi

80%MINDSET 20%SKILLS BY DEV GADHVI

Author of the book “Dev Gadhvi” comes from a very humble family; his dad was a truck driver and mother a housewife.

He saw a great deal of struggle since his childhood and lost 13 years of his career to a mediocre mentality.

Finally, he could transform his life with help of some very less known millionaire’s secrets. He knows the pain of living with a mediocre mindset and loosing precious time. This is the only reason he doesn’t want anyone else to loose their precious years.

In this book, he shares his learning and his transformation with only single aim, that is to help others transform their lives as well. He has carefully crafted the book only for the people who are looking for that one life changing moment, people who are looking to realize what was missing in their hustle, people who were wanting to know the secrets of how others have become so successful and how they can become too.

Click here to read the book

A Cancer Therapy: Results of Fifty Cases and the Cure of Advanced Cancer by Max Gerson

A CANCER THERAPY : RESULTS OF FIFTY CASES AND THE CURE OF ADVANCED CANCER BY MAX GERSON

Cancer is a group of diseases characterized by abnormal cell growth. It is among the leading causes of death worldwide.

Aside from conventional cancer treatments, there are some natural and alternative therapies that some people believe to be an effective way to prevent or treat cancer.

One popular alternative treatment method is the Gerson Therapy, a nutrition system that involves a specialized diet, raw juices, detoxification, and supplements.

However, many experts question the safety and efficacy of the Gerson Therapy.

Gerson Therapy is based on the belief that disease is caused by the accumulation of unspecified toxins, and attempts to treat the disease by having patients consume a predominantly vegetarian diet including hourly glasses of organic juice and various dietary supplements.

What is Gerson therapy?

A German doctor called Max Gerson developed Gerson therapy in the 1920s and 30s. He claimed that it helped cure his migraine headaches. So, he went on to use it to treat other diseases such as tuberculosis and cancer.

You might also hear Gerson therapy called the:

Gerson diet
Gerson regimen
Gerson method

Followers believe that changes to diet and nutrient intake can help to treat cancer. They also think that cancer is a symptom of disease of the whole body.

It aims to rid the body of toxins and strengthen the body’s immune system. This way supporters say it can bring the body back to its normal metabolic state, and the body can heal itself.

The Gerson regime has 3 main parts:

a strict organic vegetarian diet made up of fruit and vegetables high in potassium and low in sodium
vitamin and mineral supplements, and specific enzymes
coffee or castor oil enemas

Gerson therapists believe that people with cancer have too much salt (sodium) in their bodies. This is compared to the amount of potassium.

People following the therapy have to eat large quantities of fruit and vegetables. It is believed that by doing so, it will restore the right balance. And that it will cleanse the liver. It is also believed that coffee enemas further help to excrete toxins from the liver and colon. And that taking certain supplements and enzymes help the body to get rid of cancer cells.

Scientific research does not support any of these claims.

For further reading click here

The Plantpower Way: Whole Food Plant-Based Recipes and Guidance for The Whole Family: A Cookbook by Rich Roll and Julie Platt

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THE PLANTPOWER WAY : WHOLE FOOD PLANT BASED RECIPES AND GUIDANCE FOR THE WHOLE FAMILY : A COOKBOOK BY RICH ROLL AND JULIE PLATT

A transformative family lifestyle guide on the power of plant-based eating—with 120 recipes—from world-renowned vegan ultra-distance athlete Rich Roll and his chef wife Julie Piatt

Created by renowned vegan ultra-distance athlete and high-profile wellness advocate Rich Roll and his chef wife Julie Piatt, The Plantpower Way shares the joy and vibrant health they and their whole family have experienced living a plant-based lifestyle. Bursting with inspiration, practical guidance, and beautiful four-color photography, The Plantpower Way has more than 120 delicious, easy-to-prepare whole food recipes, including hearty breakfasts, lunches, and dinners, plus healthful and delicious smoothies and juices, and decadent desserts.

But beyond the plate, at its core, The Plantpower Way is a plant-centric lifestyle primer that finally provides the modern family with a highly accessible roadmap to long-term wellness and vibrant body, mind, and spirit health. The Plantpower Way is better than a diet: It\’s a celebration of a delicious, simple, and sustainable lifestyle that will give families across the country a new perspective and path to living their best life.

Click here to read the book

Power Foods for the Brain: An Effective 3-Step Plan to Protect Your Mind and Strengthen Your Memory by Dr Neal Barnard

POWER FOODS FOR THE BRAIN : AN EFFECTIVE 3 STEP PLAN TO PROTECT YOUR MIND AND STRENGTHEN YOUR MEMORY BY DR NEAL BARNARD

Could your breakfast or lunch be harming your memory?

Are you missing out on the foods that could prevent Alzheimer\’s disease?

Everyone knows good nutrition supports your overall health, but few realize that certain foods-power foods-can protect your brain and optimize its function, and even dramatically reduce your risk of Alzheimer\’s Disease. Now, New York Times bestselling author, clinical researcher and health advocate Dr. Neal Barnard has gathered the most up-to-date research and created a groundbreaking program that can strengthen your memory and protect your brain\’s health.

In this effective 3-step plan Dr. Barnard reveals which foods to increase in your diet and which to avoid, and shows you specific exercises and supplements that can make a difference. It will not only help boost brain health, but it can also reduce your risk of Alzheimer\’s disease, stroke, and other less serious malfunctions such as low energy, poor sleep patterns, irritability, and lack of focus. You\’ll discover:

The best foods to increase cognitive function

Dairy products and meats-the dangers they may pose to your memory

The surprising roles alcohol and caffeine play in Alzheimer\’s risk

The latest research on toxic metals, like aluminum found in cookware, soda cans, and common antacids.

Plus a detailed menu plan, recipes and time-saving kitchen tips

Click here to read the book

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