The long road to recovery
By John Schroy, on June 1st, 2010 | 
Over the years, I’ve read quite a number of books on investment. Not all are worth the effort.
Among those that I consider valuable, I would cite Graham & Dodd’s “Security Analysis”, “Fooled by Randomness” by Nassim Nicholas Taleb, Wu and Zakon’s “Elements of Investments”, and “The Great Depression: A Diary” by Benjamin Roth. The latter brings a message that is especially relevant in these trying times — a warning that early optimists regarding recovery are often as badly burnt as those who failed to foresee the original crisis.
Post Modern Security Analysis
By John Schroy, on July 28th, 2009 | 
A pretense of scientific basis has weakened the usefulness of security analysis in the modern era. Fancy mathematics serve to cloud the minds of investors.
The collapse of Long Term Capital Management and the Crash of 2008 were assisted by the injection of ‘junk science’ into investment decisions.
Can (or should) security analysis be considered ’scientific’?
The investment profession:
By John Schroy, on July 26th, 2009 | 
The Crash of 2008 raised questions as to the competence of many who work in the profession of security analysis. There are dozens of schools providing professionals with training and certification in this field. However, know-how is not enough.
Commonsense and hard work can be more important than theoretical training and the ability to use the terminology.
This article discusses an endemic problem: Laziness.
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