First post of the October. It's already been 8 days into the month. Laziness is slowly kicking in..!
This weekend was very successful. I was able to accomplish a few things that I thought would be a long shot. Coming to this weekend, I wished I could do the following:
- Read a book called "How to get a job in hedge funds" (~200 pages)
- Read a book called "Crash course in accounting/reading financial statements" (~300 pages)
- Complete 2 GMAT quant books.
To my surprise, I was able to do most of them although I wasn't able to complete 2 GMAT books - I only did one.
But still, I went through two 200, 300-page books in one weekend which is a major accomplishment for me! I think this may be the most amount of stuff I've read over the course of 2 days, if you don't count binge reading Harry Potter series. As a result, my brain is hurting from over working and I sort of feel tried to do extra work.
I'm proud of what I've accomplished this weekend (Possible through the courtesy of Miller Lite. Yeah I had beer when I was reading these). At the same time, I realize that I still have a long way to go.
Bill Ackman, when he was probing shady practices of MBIA, said he read close to 475,000 pages about the company. Only then he was able to say he knows the most about the company in America.
If I do a simple math, it's about 950 times what I read this weekend and I'm very certain that it didn't take him 950 weekends to do this. So to be at that leveI, need to ramp up further. But as long as keep on doing this, I'm certain that I can gradually develop my "reading muscle" and be able to read a lot more, more efficiently.
Going forward, I've put together a list of books I need to read (maybe before the year end!?)
Graham - Security Analysis
Lynch - One up on Wall Street
Graham - Intelligent Investor
Cunningham - The Essays of Warren Buffett
O’glove - Quality of Earnings
Dalio - Economic Principles
Greenwald - Fundamentals of Value Investing
Obviously, this is a lot to read and I also need to read a bunch of pdf's in order to complement my knowledge on certain topics. Plus, I have to study for the GMAT. It's a gloomy reality that unless I sign up for the exam, I wont' be able to get my self to study for the exam seriously. As of now, I'm targeting 3rd week of November, just before my birthday so that I could at least celebrate once it's over.
So yep I have a lot of work to do and I need to keep the ball rolling!