Learn how to pick your first stocks: bit.ly/37xT2JR
@DarkPrinceOfClowns
4 жыл бұрын
If you want a few suggestions on good books to work on, I STRONGLY recomend Alux and their two videos on which books you should read. (It's a VERY good KZitem chanal for people who want to get rich.)
@dietbajablast5790
2 жыл бұрын
That song used in the video IS SO IRRITATING.
@joetart9905
3 жыл бұрын
So in a nutshell, invest in Vanguard Total Stock Market Fund and stop trying to beat the market. Hmmm, that takes out all the fun 😆😆
@gurvishwassingh1369
Жыл бұрын
Sir why will an index outperform? This question can be answered in one way that is index represents GDP growth plus inflation of a country if the index is diversified and Market capitalisation based. This is to say the companies will grow both sales and profit over time. So basically all we need to do is buy good growing companies at good prices and in different sectors since sectors are cyclical. Just diversify in good companies that have no interrelation. And all the best
@darlenecuker9711
5 жыл бұрын
These ideas are great to watch before reading the book. It takes intricate concepts and outlines them nicely making reading them in the book easier. Very helpful.
@TheSwedishInvestor
5 жыл бұрын
Heeey, I appreciate it man! That's exactly what I try to achieve with this concepts, so I'm happy to hear that!
@JZ0official
5 жыл бұрын
This was amazing. Thank you so much. This must've taken a long time. Very valuable!!
@TheSwedishInvestor
5 жыл бұрын
Glad to hear it! Cheers man! 😁
@ng8giga
5 жыл бұрын
EMH is an hypothesis as the word indicates. It's not a theory nor a model and it's not backed by any serious evidence. And I think it has no place in today's world after watching all the booms and busts of the financial markets throughout their recent well documented history. Thank you for the amazing book reviews, your channel is real gold!
@TheSwedishInvestor
5 жыл бұрын
N G thank you for your wonderful comment! I love being compared to pure gold 😉 Also agree with your comment about EMH, but I really couldn't make a summary of this book without mentioning it. Maybe I'll make another series in the future where I criticize instead of summarize, but that's not the current theme really.
@gilltim5711
3 жыл бұрын
NG Exactly. It's not a theory, and never has been. People miss the point of EMH being nothing more than a hypothesis. It never graduated beyond that because no one ever provided any evidence to back it up!!! And it is indeed pure BS. In fact, I think this whole book is BS. The existence of Peter Lynch, Warren Buffet, and many other ultra successful hedge fund managers are proof this books is nonsense.
@739jep
3 жыл бұрын
@@gilltim5711 the existence of those people is not evidence that it is bs. In fact Buffets returns have been explained in the context of emh. The hypothesis doenst predict that investors won’t make significant returns , it predicts that if they do it will be explained by risk or luck. The reason it’s never graduated from hypothesis status is because of the joint hypothesis problem. It is impossible to prove because you would need to prove two hypothesis simultaneously That doesn’t mean it’s bogus. The hypothesis makes predictions just like any good model and those predictions can be tested. And for those predictions we have copious amounts of evidence that they hold true. It is for that reason emh is actually main stream in academic circles and has led to significant changes in the real world as well. Your argument isn’t against this book. It’s against the data.
@gilltim5711
3 жыл бұрын
@@739jep That's the oddest explanation I've heard on EMH. It DOES say investors won't make significant returns. It says you'll do just as well throwing darts at the Wall St. Journal than carefully selecting stocks. Buffet goes extensively against EMH in the forward of The Intelligent Investor, pointing out the consistency of winners using that approch. And this is not adjusted for risk. On the contrary, given the margin of safety found in value investing, it is a lot LESS risky, and a lot safer, than throwing darts at the paper. To suggest Buffet, Lynch et all got there thru luck is pure ignorance. I don't even know what to say to someone who thinks that way. Good bye.
@739jep
3 жыл бұрын
@@gilltim5711 I’m sorry if you’re a fanboy of those investors and I’ve offended you by offering alternative explanations to their success - but the data says it all really. Also i didn’t say they got there by pure luck - for example much of Buffets returns are explained by risk. And it’s not pure ignorance , these are things that are analysed extensively and we have clear and comprehensive data relating to these matters. I encourage you to read a study called ‘Buffets alpha’. Luck does play a part too. On any standard distribution curve there will be outliers. When we have thousands of funds underperforming you can’t just pick the best performing ones and claim the hole theory is debunk. That’s fallacious reasoning. Margin of safety and value don’t make stocks less risky. That statement alone demonstrates your ignorance of all the work relating to emh. Value stocks are riskier. Value is one of the systematic risk factors in the famous 3 and 5 factor models which as models have very high explanatory power. We have sound theory as to why value stocks are riskier too. Emh does not say you cannot make significant returns. All emh looks at is how much info is reflected in prices. If markets are efficient then you cannot make a higher return without taking on more systemic risk. So if you want to make significant returns? Take on more systematic risk. The formula for success is there. You are correct in saying that you cannot do better by selecting individual stocks , which unfortunately for you is easily testable and the results are conclusively opposed to what you’re saying. Nobody is saying the market is perfectly efficient , not even Eugene Fama. The grosman Stieglitz paradox only allows a theoretical state of perfect efficiency that can only be approached. What matters is how efficient markets are as this is important when investors are deciding how they should invest. The types of portfolios subscribers to emh are likely to construct have been throughly demonstrated to be better for investors in the long run. You can even invest like buffet and copy his results by using similar leverage and passively invest in etfs that gain you similar exposure to the value , profitability and market risk factors.
@manuel25mco
5 жыл бұрын
I have been meaning to read this book for a while but thank goodness to this video. I love it
@TheSwedishInvestor
5 жыл бұрын
Thank you Manu datu, you are a great supporter 🙌 glad you liked it!
@ghulamdastgheer5244
4 жыл бұрын
@@TheSwedishInvestor A reply that say u have read good books how to make people happy
@MrEaglenator
4 жыл бұрын
Burton Malkiel: fundamental analysis doesn't beat the market. Joel Greenblatt and Peter Lynch: hold our beers.
@bobbygeorge243
2 жыл бұрын
with option trading you can not only beat the market you can smoke it
@benitolopez725
2 жыл бұрын
@@bobbygeorge243 name a billlionaire who is a professional options trader or a living
@victor.benedito
4 жыл бұрын
What a wonderfull video! Wish I watched it 2 years ago
@itsGabriele13
2 жыл бұрын
thank you so much for all the summaries you do, they help a lot
@victorpopov3809
4 жыл бұрын
Fantastic video. Very good summary, easy to listen, easy to follow, easy to understand. Thank you very much
@TheSwedishInvestor
3 жыл бұрын
Glad it was helpful Victor Popov! Cheers!
@sunofsotep8265
4 жыл бұрын
Incredibly thorough! Surpassingly well done!
@Angry_Bob
8 ай бұрын
I 100% believe markets run on some form of technical or indicators. Just cause I’ve seen it many times before, now knowing 100% that it will be a good time to short or long is a different story. You only get to see it in hindsight.
@javiasilis
2 жыл бұрын
Incredible summary. Thank you so much for taking the time to introduce these concepts. A Random Walk was my very first book and introduction to the investing world 7 years ago! Now that I have a bigger understanding of the concepts, it seems I need to give it another read! It would definitely seem I've understood very little about the book!!!
@sohamshah7638
Жыл бұрын
Hi Jose, I just completed A random Walk. Any other books you might suggest?
@CandyKidSG
5 жыл бұрын
Thank you so much for this summary
@TheSwedishInvestor
5 жыл бұрын
Happy to hear that you liked it! 😀
@no1no1655
3 жыл бұрын
Always thought you did a good job with the summaries. But this is in especially good summary of the weak, semi-strong, And strong efficient market hypothesis! Did better than even Malkiel at explaining!
@AlessandroBottoni
8 ай бұрын
Great video, congratulations! A handful of great and wise concepts presented in a clear and useful way by a great narrator.
@lolajaneagnese3958
3 жыл бұрын
I just started to read the book. English is not my first language and I'm new to learning about stock markets and investing. This video really helps me to keep in mind which the main points in the book are. Thank you for your Videos
@yasirumunasinghe25
3 жыл бұрын
how can I get this book... do you have a pdf ??
@lolajaneagnese3958
3 жыл бұрын
@@yasirumunasinghe25 I bought it on amazon. I don't like to read book in digital format, which leads me tp buy the physic book online
@yasirumunasinghe25
3 жыл бұрын
@@lolajaneagnese3958 it's ok.. thank you for the reply
@Thuhglegend27
4 жыл бұрын
Cool video, i really enjoyed the content
@seatrader
3 жыл бұрын
I like the castle-in-the-air theory
@daniellesoy
2 жыл бұрын
amazing... i have learn so much! thank you!
@MohammedAli-yu9qh
2 жыл бұрын
Can't thank you enough for your efforts...
@dmitriymishakov9948
4 жыл бұрын
Tack sa mycket!
@oaasal
3 жыл бұрын
Even random walk can be predicted on average. It’s not completely unpredictable.
@martinbel
5 жыл бұрын
Great stuff! One interesting book to review with a lot of interesting insights and data is Unconventional Success by David Swensen. He is the yale endowment manager and has some interesting ideas for individual investors.
@TheSwedishInvestor
5 жыл бұрын
That is a great suggestion Martin Bel, thank you 🙌
@JS-jh4cy
2 жыл бұрын
What your software you use to do everything?
@CucuyBros
5 жыл бұрын
Thanks I wanna read the book now.
@Tesla-Cannon
2 жыл бұрын
It takes over 200 pages to just cover the first six minutes of your video. I can’t believe the book is so long winded lol
@ManforSomeMarkets
3 жыл бұрын
I respect the overall hypothesis, but there seems to be some noise that can be beat by signal. Going back to Buffett’s coin flipping analogy imagine that the one or two people in a million that make 20 heads go on to make another 100 heads. Annual returns like Lynch, Greenblatt, and Berkshire are well above the 12 sigma if we are comparing them to a normal curve. On top of that, the ‘10-‘20 bull market, if compared to Monte Carlo data assuming a random walk shows that we ended up in the highest possible data point before the Corona crash. So again, there is clearly a lot of noise but definitely some signal in there.
@TheSwedishInvestor
3 жыл бұрын
I appreciate this comment and I think you are absolutely right. Markets are efficient quite often but not always and some peoples' results (like those you have mentioned) cannot be explained by luck. They have learned to exploit the inefficiencies that sometimes exist and have made huge fortunes thanks to those skills.
@richunclejoey2249
2 жыл бұрын
Burton is the GOAT
@ShaulLilove
5 жыл бұрын
Great wrap up! Thank you.
@GanpatiRam
2 жыл бұрын
Thank you Swedish investor 🤗❤
@randombanana640
2 жыл бұрын
5:40 poor people like you and me :(
@netlox
Жыл бұрын
Lol
@kamalakannangunalan
5 жыл бұрын
How long you will take to read these books ? Will you be able to follow the points from these books in your life ?
@TheSwedishInvestor
5 жыл бұрын
Reading a single book takes between 5-50 hours, depending on which book it is. Some of the books contradict each other in their takeaways, so one has to chose which he believes in the most. So no, I can't follow all of them in my life, but I try to follow most of them 👍
@kamalakannangunalan
5 жыл бұрын
Thanks bro Gr8 work
@harleyb.birdwhisperer
3 жыл бұрын
Pace of the audio was too fast - different from most of your videos - sounds a little like one of those disclaimers that run at the end of some pitches on the radio that say all the words but go by so fast you can’t process what’s being said.
@HarshSingh-ht8ju
3 жыл бұрын
Amazing content. Very helpful. Can we have the slides that you use in your video?
@lakhangangurde190
3 жыл бұрын
Very very nice video sir 👌
@karan9868
Жыл бұрын
So the one best line is “ do timing on market not timing the market “
@amorehype8540
3 жыл бұрын
Sir will you summarize the book of " E COMMERSE"
@lakhangangurde190
3 жыл бұрын
Please make trading book summary
@ChaceBonanno
4 жыл бұрын
How to get exceptionally average returns
@chrisj1319
Жыл бұрын
Earnings Before I Trick Da Auditor. 💀💀
@gabetiri
4 жыл бұрын
this was great! thank you! makes me want to buy the book. can you provide a canadian link
@MuchoMate
3 ай бұрын
I'm glad in the new videos you stopped using background music, it makes it so difficult to concentrate on what you are saying -- this is a video you should probably revamp
@Instawise
6 жыл бұрын
Awesome. Loved your video. Keep posting more such videos. #instawise
@MrAlexLowen
4 жыл бұрын
A little too fast, my friend, slow down the pace just a bit. Thanks for your highly informative videos!
@jamesmeow3039
2 жыл бұрын
0.75 my friend.
@adler3001
5 жыл бұрын
Playing on 0.75. Youre speaking too fast for a foreigner student, but thanks anyways! :)
@TheSwedishInvestor
5 жыл бұрын
Erik A (nice name btw) would you mind checking out one of my more recent videos to see if you still think it's too fast? 😊
@adler3001
5 жыл бұрын
@@TheSwedishInvestor Much better 🙏
@billyvesaillus6013
4 жыл бұрын
The Swedish Investor its much easier to follow in your newer videos! Need extra concentration for me to follow this one as a english as second language student!
@tigranvoskanyan5411
3 жыл бұрын
I always watch at 2x , even music lol, and I have to admit this one was tough !
@kalpeshmandaliya4320
4 жыл бұрын
Please make make mark daglas desiplne trading book ?
@Alorand
4 жыл бұрын
Wait, the "average analyst" underperforms index funds? That's like saying that the "average poker tournament participant" loses money... The whole point of entering a poker tournament is to do better than the average participant.
@Bellbebell
4 жыл бұрын
Agreed, but if you were actually betting on the outcome of the poker players, how would you make your selection knowing that there will only be 1 winner?
@Alorand
4 жыл бұрын
@@Bellbebell The market is a money weighted sum of people’s expectations. The trick is not to beat the average participant most of whom are small players, but to beat the "average dollar" being invested. The main advantage that I have found is in rock solid money management. I have more small losses than small wins, but if I can never get a big loss without the whole global financial system collapsing, the rare big win that I get makes me come out ahead. At least that's the theory right now, check back with me in 2 years once I have gotten my Series 57 License and got a job on some Prop trading desk. Until then, take my advice with a grain of salt.
@duckhuntergaming4713
3 жыл бұрын
8 months later, how is it working out?
@dotuananhdta
2 жыл бұрын
@@Alorand well, it's been 2 years
@AcesizOfficial
3 жыл бұрын
🙌🏽🙌🏽🙌🏽
@dragon3085
5 жыл бұрын
Well the strong form of EMH is pretty much debunked since we can see real world example where inside information can be used to manipulate the market. I believe the weak form still holds. However it cannot be used to make a prediction by itself. I think to needs to be considered in light of new behavioral finance findings.
@TheSwedishInvestor
5 жыл бұрын
Definitely agree that the strong form assumes too much. Personally I think the weak form holds up in many cases, but not always. There are always opportunities in individual stocks, and sometimes there are opportunities in the market as a whole as well.
@hiimchris3398
2 жыл бұрын
CHECK! 01/12/2021
@lll.l-k6q
4 жыл бұрын
What is going on with this audio...
@Jackson_heights94
3 жыл бұрын
🙏
@oaasal
3 жыл бұрын
What about quantitative trading? How do you explain Renaissance Technologies besting the market?
@PNKPVI
5 жыл бұрын
Video speed is too fast.
@CaineCoaching
4 жыл бұрын
I am a bit surprised you don't have 'Way of the Wolf' on your list. Will you make a video on that in the future?
@TheSwedishInvestor
4 жыл бұрын
I may do that! I’ve added it to my to-read list. Thanks for your suggestion 👍
@iramkumar78
2 жыл бұрын
Market is a random walk. Red Pill. Zerodha is gambling. Matrix. Trinity and Neo.
@thrls
4 жыл бұрын
This is the biggest load of crap I've seen in my life. Because one guy couldn't succeed, he's set out to make it seem like it doesn't work. Both fundamental analysis and technical analysis work, almost perfectly. You're able to foresee future results with almost certainty with the technology we have today.
@user-zl3rb4rg1n
4 жыл бұрын
Almost perfecty? That is just wrong, if technology gives an advantage, if everyone is using it then this advantage is nullified. There aren't smart or cheap trick than can make you beat the market for the long run
@AkshayGowda007
3 жыл бұрын
I have read the book twice. Book has evidence of years of research not just statements.. a Monkey throwing dart beat a stock market expert over the years
@tuffwith2effs899
2 жыл бұрын
"Long-term government bonds - 6%" kek
@gaukaj5194
4 жыл бұрын
Omg this hypothesis is bs. Thanks for the book review!
@passanth8617
3 жыл бұрын
Exactly. Now I won't have to waste my time reading this book.
@chulangaaverilhettiarachch3267
Жыл бұрын
To the person reading this: Even though I don’t know you, I wish you the best of what life has to offer ❤
@Greenfrogz
5 жыл бұрын
bruh why do you say others are poor.....
@ministerc.politics4305
4 жыл бұрын
What do you mean?
@MrEaglenator
4 жыл бұрын
I'm pretty sure that fundamental analysis can beat the market, and that most of Wall Street analysts are technical... but, well, this is a great summary anyway!
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