I am considering subscribing to OID. I am wondering if the yearly subscription rate is overstated? Do you really get the 10 issues over a 2 year time period instead?I was disappointed in the free reprint they sent out. I wanted an old copy to review before I made my mind up whether to subscribe to OID.Portfolio Reports looks interesting. Is it better to subscribe monthly or is a end of quarter report enough. There is a huge price difference between the two options. Is the price difference justified?
TrixieBeldon,I asked the same sort of question here...http://boards.fool.com/Message.asp?mid=15186666You may want to look at that thread for past opinions on OID. I am still contemplating a subscription, but since it is so expensive, I may donate a subscription to my library and read it there, as well as share it with those who have no current means to afford their own subscription. There may a charitable deduction to take there, but that isn't why I am doing it. I feel it is a terrific publication. They only put out a new issue when there is enough content to warrant a new issue, so you are certain to read worthwhile copy in each issue, and by the fact there is no true deadline, there isn't much "filler" to speak of. I am sure you already know this, but they do have the automatic credit card renewal program, that I believe is $295, and renews at that same rate until you cancel. As to the Portfolio Reports, I have no information to add and therefore, no opinion. exilion
I started subscribing to OID about 6 months ago. When you subscribe you get a sort of compilation of back issues that's interesting plus the most recent issue, which for me was the end-of-year 2000 issue. But other than that, I've only received one issue. But that one issue was very good.For myself, it's worth the cost. But you should ask yourself how likely you are to change your investments based on things you read. What's the likelihood that it will improve your investment returns by more than the cost of OID?I tend to read a lot of books, but less magazines. The reason is that people tend to put their best knowledge into books and only skim the surface within periodicals (OID, being an aperiodical, is somewhat better). And even then, so many books are disappointments in my view.DeliLama
Deli,Where was that gigantic book list you put up somewhere? Help?I'm esp. interested in what you like in business profiles. Fwiw, I liked 'Why We Buy' (read from the library then purchased, all on your recommendation) so much I read it through initially and am now in the process of setting up a checklist for use in my store visits to more formalize the process. Besides, my wife thought the book was a hoot!
"Where was that gigantic book list you put up somewhere? Help?" http://boards.fool.com/Message.asp?mid=14838155&sort=recommendationsIn addition, I've read some more books that I recommend to others. These two are surprisingly related, although on the surface they hardly seem similar.The Joy of Not Working: A Book for the Retired, Unemployed, and Overworked http://www.amazon.com/exec/obidos/ASIN/0898159148/qid=997553932/sr=8-1/ref=aps_sr_b_1_1/107-4452943-4537304The title sounds funny, but it's a serious book about leisure. I recommend it even to people who have no hope/plan of retiring. It gives you a very different mindset from what you're bombarded with on a daily basis from advertisers.Ethics for the New Millenium http://www.amazon.com/exec/obidos/ASIN/1573228834/qid=997554106/sr=1-1/ref=sc_b_1/107-4452943-4537304Written by the Dalai Lama (that other lama guy), this is a really excellent book with very interesting viewpoints, probably the only major religious leader who would say, "This is why I sometimes say that religion is something we can perhaps do without." I happened to start reading this immediately after The Joy of Not Working and it's amazing how much they cover the same concepts: that it's too easy to get wrapped up in the stresses of life, people get more and more stuff and it doesn't seem to make them any happier.These two books have enhanced my total returns. By that I mean it wouldn't be any fun to make a lot of money and be miserable. Happiness has a very real and tangible economic value.In the meantime, I'm moving on to a book on how to...Start and Run a Profitable Retail Business http://www.amazon.com/exec/obidos/ASIN/1551801000/qid=997554811/sr=8-1/ref=aps_sr_b_1_1/107-4452943-4537304The purpose in reading this is to get a better understanding of retail from the inside out. I have no plans whatsoever to open my own retail operation.DeliLama
I noticed you had a couple of Drucker's books on your original list. For those interested, he has a new book out, The Essential Drucker, a compilation of twenty-six selections from his other/previous books. It's similar to the Buffett essays in that an admirer and "student", Atsuo Ueda, a Japanese friend of Drucker's, conceived the idea while conducting conferences and seminars on Drucker's work, was constantly asked, "Where do I start reading Drucker?" Mr. Ueda then reread Drucker's entire body of work, selected the most pertinent chapters and abridged them so it they would read as one cohesive text. (Most of what you just read is pretty much Drucker's words from the introduction.) It's a good place to start, IMO. ~350 pages.http://www.amazon.com/exec/obidos/ASIN/0066210879/qid=997580111/sr=1-1/ref=sc_b_1/103-0700892-8743816
This looks like a good book: http://www.amazon.com/exec/obidos/ASIN/0609608207/ref=sim_books/103-0700892-8743816Anybody read it?
Metalminer-------"Anybody read it"-----------------------------------------------------------------------No--but i have read all previous Peter Drucker books,and if you have not this sounds like an excellent place to become familiar with his writing.
"For those interested, he has a new book out, The Essential Drucker...."That one is on my reading list and I hope to get to it within a month or two.One book that I'm considering reading is Modern Competitive Analysis, but it would be a substantial effort. I've already read some books that cover game theory, so this one might be like chewing ABC gum.http://www.amazon.com/exec/obidos/ASIN/019511941X/107-4452943-4537304I'd really like to hear anyone else's recommendations.Some others that I'm considering are...Clock Speed: Winning Industry Control in the Age of Temporary Advantage http://www.amazon.com/exec/obidos/ASIN/0738201537/107-4452943-4537304Secret Formula: How [blah blah blah] Made Coca-Cola the Best-Known Product in the World http://www.amazon.com/exec/obidos/ASIN/0887307515/107-4452943-4537304Inside the Tornado: Marketing Strategies from Silicon Valley's Cutting Edge http://www.amazon.com/exec/obidos/ASIN/0887308244/107-4452943-4537304Judgement Under Uncertaintyhttp://www.amazon.com/exec/obidos/ASIN/0521284147/107-4452943-4537304My Years with General Motorshttp://www.amazon.com/exec/obidos/ASIN/0385042353/107-4452943-4537304From Third World to First: The Singapore Story: 1965-2000http://www.amazon.com/exec/obidos/ASIN/0060197765/107-4452943-4537304and let's not forget this classic...Semicolonialism: Why All Business Book Titles Have Semicolons in Themhttp://www.members.home.net/giese1/friend.htmlDeliLama
This is a fair book: http://www.amazon.com/exec/obidos/ASIN/0878332022/qid=997588892/sr=2-1/103-0700892-8743816The title is King of Clubs. It's the autobiography of Robert Dedman, founder and Chairman of ClubCorp: http://www.clubcorp.com/main.htm a privately held company based in Dallas. He's led an exceptional life: poor boy to Forbes 400 list: http://www.forbes.com/finance/lists/10/2001/LIR.jhtml?passListId=10&passYear=2001&passListType=Person&datatype=Person&uniqueId=6UTJ At one time worked for H.L. Hunt as his attorney. At one time practiced law and sold insurance and real estate part time; got into building country clubs in the '50's. Now, I think, largest owner of golf courses in the world.He's also a philanthropist, having given huge sums to SMU and UT. Is famous for saying, "hearses don't have luggage racks."
The search for relevant information is like panning for gold: Alot of rocks with a very ocasional nugget. OID, for me, helps with the thought process. The people he interviews generally are not very accesible thru the public media. When they are in the public media, the interviews are not as deep. I went thru the price justification, like you, several years ago. Now, I would cancel all of my other periodicals, papers, etc. to keep my subsciption. Again, it is being able to look at how the various money mangers think that I find useful. The particular companies that are talked about are secondary.
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