Diversification vs Concentrated Portfolio

May I advice few books in sequence. You have choice then to read once the
ball rolls on. Pure practice books, you can pick up pen and start pinning
down notes as well.

This is what I normally tell my nears and dears who wants to test the water.

Stage 1: to familirise

Book 1: Why are we so clueless to stock market? By Mariusz Skonieczny

This book uses very simple words to tell you what is a business and stock,
basics of valuation, capital structure, economy, IPO , diversification etc.
Classic primer book.

Book 2: F wall street by Joe Ponzio

Logical forwarding from previous book, talks about business in detail,
prolonged analysis of valuation etc.

Book 3: The little book that creates wealth by Pat Dorsey

A short and sweet version to know why a company can be superior to others?

Book 4: Five successful rules of investing by Pat Dorsey

This will bring you to practice notes, time to put your work into practice
and find out the shortcomings. It’s user manual short of book covering all
major aspects of investments.

Book 5: Common stock and uncommon profits by Phil Fisher

Before moving to stage 2 it takes out from hangover of value based analysis
learnt from 4 previous books and bring a new dimension to growth and
expansion. Stepping stone before stage 2.

All books are written in simple words, short books and pure practical books.

Once you are done with stage 1 we can discuss about stage 2. This shouldn’t
take more than 2 months if you are giving 2 hrs a day.

Good wishes

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