Common Stocks And Uncommon Profits by Philip A. Fisher is one of those good books but difficult to comprehend. It is good because Philip imparts his more than half a decade of experience investing in stocks to the readers. It is difficult to comprehend because the way the book is written …. is not like a conversational piece whereby the author is talking to the reader.

Philip highlighted the areas an investor should research into when choosing which stocks or companies to invest into. He goes on to describe how he went about researching these companies. Unfortunately, some of these techniques which he call “scuttlebutts” is difficult to apply by the layman investor.

Philip also described and explained what are the characteristics he look for in a stock or company to qualify as a “outstanding investment”.

A good thing I like about this book is that the reader is not bombarded with too many graphs and statistics.

Pros: The “scuttlebutts”, how to spot an outstanding investment.

Cons: Boring at times. Not easy to comprehend.

Finally, I’ve made it through this book. Getting Rich Your Own Way: Achieve All Your Financial Goals Faster Than You Ever Thought Possible by Brian Tracy is one of those books that keep repeating contents and explanations. So, at times it is quite boring to read the same contents again and again. Perhaps the repeating of contents is what’s needed to reinforce the ideas in this book into the minds of the readers.

I feel that this book is more geared towards business minded people. Whether you are already an entreprenuer or planning to start your own business, you will find some useful ideas in this book that will be of use to you.

Besides business contents, there’s also a lot of content to cultivate and develop the readers minds and behaviors to think and act positively. This book will explain why so few people are paid so much for the work they do, the service they provide or the products they sell, and how you too can achieve what these people have achieved.

There’s little content written for investment. If you’re looking to buy a book on investment, then you won’t find much help here.

My conclusion, if you’re into business or plan to be in business then get this book. You will never know one idea in this book can save you a lot of money, or earn you a lot of money.

This is a good book for people looking to create different streams of income, especially passive income. Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition by Robert G. Allen successfully hammered into my head the importance of saving every penny we can save. Every penny is a seed to many more pennies.

Robert has outlined guides we could all follow in creating the different types of passive income. He discussed about investing in stocks and real estate. He also touched on tax liens as a high return investment. He explained about network marketing and why we should get involved and not left behind. He also explained how we could earn income from licensing our intellectual properties. He convinced me as to why we should tap on the strength of the internet to build a fortune for ourselves, and how we could do it.

In summary, this is a good book. If you are already earning multiple streams of income but find that you have no time for yourself, then you definitely have to read this book. Perhaps you have created the wrong types of income streams. Read this book and you will learn how to improve the quality of your life.

“Price is what you pay, Value is what you get.” – Warren Buffett

There are no good stocks, or bad stocks. There are only underpriced or overpriced stocks. Great companies with great businesses may not be great investments if you overpay for the stocks. Similarly, moderate or even mediocre companies or businesses could be worthwhile investments if bought at low enough prices. And that is the gist of this book.

Benjamin Graham (1894 – 1976) was the mentor and teacher of Warren Buffett. He was the founder of the discipline known as “security analysis”.

I bought The Intelligent Investor, after a few authors of value investing books I read made references to Graham and his book. And I am grateful to Graham for the knowledge, effort and time he had devoted into writing this book.

Graham outlined the model portfolio for defensive and aggressive value investors. He had also made references to the many bull and bear runs in the last century, highlighting the many different stocks that were overpriced or underpriced and their subsequent performances.

Graham introduced the of “Margin of Safety” as the central concept of investment. This concept is frequently used by Buffett to his great benefits.

I didn’t feel hyped when reading this book. I felt down-to-earth. Graham didn’t promise the sky or the riches. Rather, he highlighted the many rewards as well as pitfalls of stock investing. If he had written only about the rewards, I could have fallen into a false sense of security and over confidence, which could lead to undesirable consequences.

This book is a must read for all investors.

Secrets of the Millionaire Mind by T. Harv Eker is a must read for anybody who aspires to become rich.

The first part of the book explains how our past experiences are programmed into our minds, and how our minds affect how we feel, treat and manage our money. It goes on to show how we could change these preprogrammed mindsets so we could attract wealth.

In the second part of the book, T. Harv Eker lists out 17 secrets of the millionaire minds. Some of these secrets hit me right in the face. They are so obvious, yet I did not realize them. Here are a few of the secrets.

Rich people believe “I create my life.”
Poor people believe “Life happens to me.”

Rich people play the money game to win.
Poor people play the money game to NOT lose.

Rich people focus on opportunities.
Poor people focus on obstacles.

Rich people focus on net wealth.
Poor people focus on income.

Sometimes I feel that this book is an elaborate advertisement to convince the readers to attend the various seminars and workshops offered by the author. However, this should not take the shine out of the book.

This book is easy to read and understandable. I would recommend this book for beginner to intermediate readers of personal finance.

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