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Comment by djkivi | Hacker News Reader

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djkivi·

Here's a couple of well known ones. Not sure if they were what you found:

https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Opera...

https://en.wikipedia.org/wiki/The_Intelligent_Investor

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Nah, those are different. Especially the second one. lmao. It also happened to have few sales till a bit later on. I think my goal back then was to see what someone would find if they were just trying to learn about it at the library. Reason why is because the ROI using the Fama-French data back then would suggest someone could have rapidly become a millionaire and billionaire off of a thousand dollars if they performed even the most basic value investing formula back then to bifurcate the market or, better yet, divide it into deciles based on (book equity)/(market equity). Only in the past 10 years, you'd actually underperform the market return.

So, considering a very simple formula could have been so effective, I wondered what they'd find at the library and if even that simple concept would have been available. What wouldn't be available is SEC data. But, as your second suggestion made clear, you could get the information for ratings agencies.

I mean, comparatively speaking you were looking for programming books in an era where hardly anyone even knew what a computer was. The market changed so drastically at the turn of the century that it really only shaped into our current recognizable form in the 50s and 60s. There's many reasons for that.

To be clear, I expected NOT to find anything that would help accomplish that task. Because the vast opportunities would imply it didn't exist. So, yeah, what I expected to find is crap and what I found was hilarious crap. The dude did have a way with words, though. It's just hilarious how pretentious the books were considering they didn't really impart any useful knowledge.

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