Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP Path: utzoo!linus!decvax!decwrl!daemon From: daemon@decwrl.UUCP Newsgroups: net.invest Subject: book review Message-ID: <5448@decwrl.UUCP> Date: Sun, 5-Feb-84 23:28:58 EST Article-I.D.: decwrl.5448 Posted: Sun Feb 5 23:28:58 1984 Date-Received: Thu, 9-Feb-84 01:31:35 EST Sender: daemon@decwrl.UUCP Organization: DEC Western Research Lab, Los Altos, CA Lines: 59 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 (ARPA) decwrl!rhea!nacho!mpalmer@Berkeley decwrl!rhea!nacho!mpalmer@SU-Shasta