Bob Brinker's Reading List: What You Probably Won't See on it

December 13, 2010....Bob Brinker's website promotes a long list of books that he has recommended over the years.

To be fair, some of the books on it are by people who do not agree with Bob Brinker. Some do not believe that timing the stock market consistently can be done. However, pen-name, Birdbrain, is probably correct, this book will not make Brinker's recommended reading list. And we can be sure that the author will not make a guest appearance on Moneytalk . :)

birdbrain said...

An interesting read from your local bookstore or library is "How a Second Grader Beats Wall Street" by Allan Roth. The CPA author teaches his son about index investing through Vanguard funds, initially allocating 60/30/10 in total US stock market, total bond market, and international stocks.

He also points out the many mistakes investors make and how Wall Street makes financial matters seem so complicated that you are better off handing your money to them, with all the loads and fees.

The book follows much of what Mr B preaches about keeping it simple and managing your own money, but don't look for it on his recommended reading list. I'd wager that the three fund allocation over a ten year period would come close if not outperform his Portfolio 2, while saving $1850 in Marketimer subscription cost.

December 13, 2010 12:45 PM (Originally posted here)

Honey here: Yesterday on Moneytalk, Bob Brinker made the comment that the S&P 500 Index is "at about the same level it was 10 years ago." Hearing those words coming from the mouth of a "guru" who has been selling market-timing all of those years is almost astonishing.

I wondered if he blushed or felt any guilt because of all the times over those ten years that he has hawked his newsletter by touting gift-horses, mother-of-all-buying opportunities, counter-trend rallies, cyclical bulls, outliers, secular bears on/off/on, act immediately and "timing updates," all of which were WRONG.

It's not in my nature to be critical, but it's enough to make a Windsor Castle Guard laugh his head off. Of course, $1850 for ten years of wasted market-timing advice is not funny to those who dished it out. But those on the receiving end probably laughed "all the way to the bank."

Last night (December 14th), TFB shared this with us:

"I am really bummed. My cat of 22 or 23 years passed away today. He was such a joy in everyone's life. Love ya Grizzly. tfb"

With sincere sympathy, a eulogy to Grizzly who was obviously a very special and beautiful cat that loved and comforted all of his people:

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