Russell Bailyn -

I spent some time this past weekend reading a book by Timothy Sykes, a young hedge fund manager and entrepreneur. If you aren’t familiar with him, Tim made a name for himself by turning a small stash of Bar Mitzvah funds into a small fortune during his freshman year of college. He spent the following several years beefing up his reputation, registering as a hedge fund, and grappling with “growing up,” all at the same time. I found the story to be quite intriguing, as I’m sure you will as well.

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Posted by Russell Bailyn at 10:18 AM | Permalink | Comments ( 3 ) | TrackBacks ( 0 )

The Little Book of Common Sense Investing is about the benefits of index investing. This should be expected considering it was written by John Bogle. For those of you who don’t recognize the name, John Bogle started The Vanguard Group in 1974. Bogle is one of the most important minds behind the passive investing school of thought. Bogle and his growing band of followers believe that focusing on low-cost investing and tax efficiency is a better strategy than chasing performance. On most issues, I agree. His logic is simple and clear and his examples are light enough for anyone to understand.

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Posted by Russell Bailyn at 12:00 PM | Permalink | Comments ( 0 ) | TrackBacks ( 0 )

Finding the Hot Spots is another excellent book from Wiley. David Riedel makes a convincing case at both the macro and micro levels for global investing. He argues that portfolio managers should adjust their exposure to international stocks to both diversify and minimize risk. This may sound counterintuitive as international investing is usually associated with an increase in risk, but Riedel feels that the global investment climate deserves reconsideration.

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Posted by Russell Bailyn at 09:50 AM | Permalink | Comments ( 0 ) | TrackBacks ( 0 )

I was recently sent Daniel Solin’s new book The Smartest Investment Book You’ll Ever Read for review. I enjoyed the book and it only took me a few hours to get through. The layout and presentation of material is excellent. In terms of the content, I have mixed feelings. Solin takes a big swing at the brokerage and product-based financial advising businesses. He especially enjoys exposing how they make money- a similar theme to his first book Does Your Broker Owe You Money?

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Posted by Russell Bailyn at 04:12 PM | Permalink | Comments ( 0 ) | TrackBacks ( 0 )

I've recently finished reading The Little Book of Value Investing by Christopher H. Browne. It was an excellent follow-up to The Little Book that Beats the Market." For those who are unfamiliar with these books, they are part of a relatively new series from Wiley called "Little Book Big Profits." The series features industry icons who share their investing philosophies through short and approachable chapters. So far, the two books which I've read both take on a value approach to investing. However, the authors use different styles and priorities when it comes to locating stocks. I'm looking forward to the next book in the series as well, "The Little Book of Indexing" which will be written by John Bogle and hopefully released soon.

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Posted by Russell Bailyn at 11:52 AM | Permalink | Comments ( 2 ) | TrackBacks ( 0 )