Lyn Shaddock's advice

Discussion in 'Investor Psychology & Mindset' started by Omnidragon, 1st Mar, 2016.

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  1. Omnidragon

    Omnidragon Well-Known Member

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    Lyn Shaddock, the 'master of the property cycle', shares his secrets

    What a great but simple advice that I always follow. When everyone's selling you should be buying. And vice versa. Or at least not buying when everyone's buying.

    This is so true re property as compared to an individual stock on the sharemarket because it's not affected by the individual performance of the asset as much. Which I suppose re shares Buffett always says, he only buys companies even an idiot can run. That's like a property. Even an idiot can run it.

    In one sense property at a high level is pretty simple/easy (and often boring because these 'selling' cycles happen once every few years only).
     
    Omnidragon, 1st Mar, 2016
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  2. The Falcon

    The Falcon Well-Known Member

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    Saw that, keen to pick up Shaddock's book once its available.
     
    The Falcon, 1st Mar, 2016
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  3. Big Daddy

    Big Daddy Well-Known Member

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    Theres a kindle version on Amazon
     
    Big Daddy, 1st Mar, 2016
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  4. larrylarry

    larrylarry Well-Known Member

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    Going to download today.
     
    larrylarry, 1st Mar, 2016
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  5. Sackie

    Sackie Well-Known Member

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    My hardcover copy should be arriving any day now :D
     
    Sackie, 1st Mar, 2016
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  6. The Falcon

    The Falcon Well-Known Member

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    Where from Leo?
     
    The Falcon, 1st Mar, 2016
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  7. Sackie

    Sackie Well-Known Member

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    Sackie, 1st Mar, 2016
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  8. larrylarry

    larrylarry Well-Known Member

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    I just read it on kindle. A very short book.
     
    larrylarry, 1st Mar, 2016
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  9. Sackie

    Sackie Well-Known Member

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    Read it. Short, thin book as @larrylarry said but I enjoyed it very much. Also some interesting books to read recommended at the end. Trying to get them all on order.

    20160304_151035.jpg

    20160304_151108.jpg
     
    Sackie, 4th Mar, 2016
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  10. Hanison

    Hanison Well-Known Member

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    I've purchased hard copy.

    Eagerly awaiting arrival.
     
    Hanison, 4th Mar, 2016
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  11. larrylarry

    larrylarry Well-Known Member

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    @Leo2413 I'm going to get the wild men of Sydney and others Lyn recommended. I do wish he elaborated a bit more on some of his detailed reasoning of his deals. Overall very easy read.
     
    larrylarry, 4th Mar, 2016
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  12. Sackie

    Sackie Well-Known Member

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    @larrylarry yeah I agree with you mate. Overall like you said an easy read. I especially liked reading all the challenges with council and legal issues. Made me feel a little better :)


    Also, take a look ;) Wild Men of Sydney | Brotherhood Books
     
    Sackie, 4th Mar, 2016
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  13. The Falcon

    The Falcon Well-Known Member

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    Ok a very basic book with no real detail. The lack of detail just leaves common sense wisdom. Overall dissapointing. No new concepts (to me at least, besides from researching "stratum"). Might be useful for new investors that will be introduced to some important concepts.

    Will check out some of the books on the further reading list.

    Has inspired me to self publish something one day! :)
     
    The Falcon, 5th Mar, 2016
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  14. The Falcon

    The Falcon Well-Known Member

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    Just jumped on abebooks and ordered 3 of the recommended books :)

    The Property Boom - is readily available used ex UK sellers
    House of outrageous fortune - readily available cheap ex a lot of US sellers
    Wild men of Sydney - can be found AU/UK used only. I've got one coming from Cooma :)
     
    The Falcon, 5th Mar, 2016
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  15. Azazel

    Azazel Well-Known Member

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    It's not a Cooma.
    How much was shipping the OS books?
     
    Azazel, 6th Mar, 2016
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  16. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Most are free shipping these days. Book depository is great. No gst and free shipping.
     
    Terry_w, 6th Mar, 2016
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  17. The Falcon

    The Falcon Well-Known Member

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    Bugger all, they are all sent mail. Maybe 5 bucks?
     
    The Falcon, 6th Mar, 2016
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  18. larrylarry

    larrylarry Well-Known Member

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    Wish they are on kindle.
     
    larrylarry, 7th Mar, 2016
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  19. Azazel

    Azazel Well-Known Member

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    That's not too bad. No point getting a cheap book from OS and then paying heaps in shipping anyway.
     
    Azazel, 7th Mar, 2016
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