Highlights books related to the week's top financial news stories, by Karris Golden, president & COO of Wasendorf & Associates (Traders Press Inc., W&A Publishing and SFO Magazine)
Ask me anythingSubmit
Some girls dream of being ballerinas or princesses.
Not me. As I sat at my grandpa’s knee and learned about baseball, I nurtured dreams of being a Major League Baseball umpire.
I’m not kidding —- not even a little. I love almost everything about the game. I’d tell you about the “almost,” but it’s such a minor, nit-picky thing that would make me sound nutty.
So will this: I’m a long-suffering Chicago Cubs fans. Today marks the opening of the 2012 Cubs season and puts me in mind of a unique book filled with useful trading insights.
Like baseball, trading requires sound coaching, honest self-knowledge and shrewd understanding of “the game.”
“They both started as relatively informal endeavors in New York and grew into massive institutions,” he writes. “Organized trading started under a tree along a wall that protected a city. The wall gave name to a street, and the street later became home to one of the most venerable institutions on earth. Organized baseball started in fields around the same city. Its popularity grew, and it spread to fields around the country.”
Shop Traders Press® for the lowest prices on this and other titles. We’ve done all the leg work; if you find it Amazon has it priced lower, send us a link, and we’ll beat it! In addition, all orders of $25 or more delivered to addresses within the continental United States will ship for free!*
According to the Associated Press, Forbes, and Bloomberg Businessweek, G.E., Bank of America Corp., Citigroup Inc., Caterpillar Inc. and Alcoa Inc. were among those that increased 1% or more on Wednesday, following a rally in European lenders.
Greek, German and French leaders will meet today to discuss ways to contain Greece’s debt crisis. Speculators believe China may be willing to buy the bonds of nations hit by the debt crises, as reported by Businessweek.
Not everyone supports such a plan, according to the English-language Caijing magazine. Some advisers to China’s central bank believe the nation’s willingness to purchase euro bonds is little more than an ill-advised “bleeding heart” response to the global debt crisis.
“What today’s world needs is not a ‘bleeding heart’; instead, it needs investors with a senseo fo reform and cooperation,” Li Daokuu, academic adviser to the central bank, told Caijing. “I believe (China) will perform a role of a real good guy rather than a ‘bleeding heart.’”
In the article, he advises diversification of China’s foreign exchange reserves with solid investments.
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Apparently, Sherlock Holmes was a bit off in his calculations.
The solution to a puzzle isn’t always elementary. Sometimes, it’s a matter best left to middle school children.
Or, at least, their parents. That’s the case in the Albemarle (Va.) County School District. As reported earlier this week by the LA Times, Sherlock Holmes: A Study in Scarlet is no longer considered suitable reading for middle schoolers.
It’s not that the 1887 book by Sir Arthur Conan Doyle contains explicit sexual content or foul language. Instead, parents objected to the book because they say it portrays Mormons in a negative light.
I’m little miffed. It’s not because the book has been banned. I love it when books are banned, because it makes them popular (or in this case, popular again). And I’m not mad because this is yet another case of adults underestimating kids and their intellectual abilities. I know there will always be parents who behave irrationally, just as there will always be school boards to give in to ludicrous demands to ban books.
What upsets me is that we’ve never had one of our books banned; I’d like the publicity! Between Traders Press® and W&A Publishing, we have more than 40 years in the publishing industry. In that time, none of our publications have been deemed ban-worthy.
We have a few that rise to the possible occasion, so I’ll just have to wait. A girl can dream, I guess.
Submitted for the disapproval of the Albemarle (Va.) County Board of Education is Trading in the Footsteps of Sherlock Holmes: Balancing Probabilities for Successful Investing by Dr. Anthony Trongone. There isn’t controversial content (as far as I can determine), it doesn’t take potshots at anyone’s culture, ethnicity or beliefs (at least, I don’t think it does) and it’s not in any other way offensive (not to me, anyway).
It is, however, fun and informative. It is worthy of the publicity that follows a book banning, which is to say, is a great book.
Order it today, before The Man shuts down our website. This week, I doubled my blog-code discount, so you’ll receive a 20% discount and free shipping* sitewide! Just use promo code KGBLOG811.
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping will be applied at our regular shipping rates.
These and other stories are enough to leave even the calmest feeling a bit rattled.
This morning while getting my oil changed, I was annoyed by a waiting room companion who was watching the news. The guy had the nerve to give me a conspiratorial wink and say, “Well, at least things can’t get any worse.”
As he was an elderly gentleman, I refrained from asking if he remembered the Great Depression.
A solid plan is the best course for individual traders and investors. I know I make better decisions when I’m armed with as much information as possible.
Information also puts me at ease. Even if a problem is big, bad and beyond my control, getting reading information from a trusted, reputable source, helps me feel like I have a handle on the “why,” “how” and “what next” of a situation.
For the full Traders Press® inventory, click here. Order the resources mentioned today and/or others, and receive a 10% discount and free shipping* by using promo code KGBLOG811.
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping will be applied at our regular shipping rates.
