Monday, May 28, 2007

Recommended Read

For everyone, especially people who have just started to earn and have no dependents whatsoever to speak of, I recommend that you read Rich Dad, Poor Dad by Robert Kiyosaki and Sharon L. Lechter. On the net you would find many articles which refute the fact that the story is true. But I would still say that one must read it to get an idea of what constitutes an asset and what constitutes a liability. For those of you who have a background in finance it will make you realize the true meaning of those words. The rest of the book can be read for simple reading pleasure. I also read Cashflow Quadrant by the same authors. Not much there.

Now for those that are amateur to investing and want to get started with the capital markets, I recommend you read "One up on Wall Street" by Peter Lynch. Gives powerful insight into the world of investing and tips on where to get started, basic terms to look out for fundamental analysis.

Another book that I am reading is "Siddhartha" by Herman Hesse. You can find the online Literature Network edition here. Some amazing read for those who are searching for what is the supreme thing, for those who believe in the atman and for who are spiritually minded (as opposed to religiously). Albeit I am yet to finish the whole thing.