• What gives me the right to speak?
  
• How I got started.
  
• What experience and research have I done?
  
• What were my results?
  

Chapter 2) Common misconceptions of the average investor

• Stocks are dangerous and the market is a risky place to invest.
  
• I know nothing. The professional knows everything.
  
• He works in a big name firm - he must know what he's doing.
  
• He's an investment professional - he must understand all aspects of investments.
  
• The past is a good predictor of the future.
  
• Mutual Funds
  
  • the fallacy of diversification
    
  • published results vs. risk-adjusted results
    
  • how safe are your funds? (hedging)
    
  • MTBF
    
  • Just buy the Index!
    
  • Country Baskets
    
• Dollar Cost Averaging
  
• Money Market Funds
  
• Stock picking vs. broker picking
  
• How actively do you need to watch your portfolio?
  
• Fatalist or realist
  
• Efficient markets
  
• Derivatives = danger!!!
  
• Stop Losses
  

Chapter 3) Risk

• Stocks and Bonds
  
• Stocks and Futures
  
• Ancient Chinese Art
  
• Real Estate
  
• Options
  
• Diversification
  

Chapter 4) Developing your own strategy

• Practicalities
  
  • starting assets
    
  • risk level
    
  • brokers
    
  • leverage
    
  • broker's forms
    
• Competitive advantage
  
  • stick to the knitting
    
  • don't try and outsmart Wall Street
    
  • don't fight the tape
    
  • read
    
  • be skeptical
    
  • study your enemy
    
  • remain objective
    
  • know your own psychology
    

Chapter 5) Valuing companies

• a search for value
  
• the results side of the spreadsheet
  
• a balance sheet
  
• an income statement
  
• a cash flow statement
  

Chapter 6) Options

• The basics of option trading
  
  • buying a call
    
  • writing a call
    
  • buying a put
    
  • writing a put
    
  • spreads
    
  • bull spread
    
  • bear spread
    
• Some uses of option trading
  
  • increase leverage
    
  • hedging
    
  • purchase vs. sale of options
    
  • expected return vs. dollar amounts
    
  • free spreads
    
  • exotic options
    
  • life is a compound option
    
• Option calculations
  
• Option derivatives
  
  • delta
    
  • gamma
    
  • theta
    
  • vega/Kappa
    
  • Rho
    
  • vanna
  • Implied volatility
• Tips
  
• Margin of Safety