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(Sorry off topic) Investing in the stock market including the railroads
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The Intelligent Investor by Benjamin Graham has been a must read for over 50 years. It explains the enduring truths of investing and doesn’t indulge in fads found in most investing books. <br />[url]http://www.amazon.com/exec/obidos/tg/detail/-/0060555661/qid=1128108490/sr=8-1/ref=pd_bbs_1/102-7633453-0801724?v=glance&s=books&n=507846[/url] <br /> <br />There was a contest between reputable stock pickers and throwing darts at the NYSE listings on a newspaper page. Stocks the darts landed on outperformed the expert picks and indexes like the combined average of the S&P 500 outperform most individual picks. <br /> <br />About five years ago I invested in a company I knew well enough to have confidence that it wouldn’t go south. My reasons for thinking it would go up were wrong but then they brought out a new product and the stock shot up. So with a little skill and a lot of luck I did well. <br /> <br />Knowledge of investing, specific industries, and companies helps you avoid losers but you still can’t predict the future.
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