A few years ago I was looking for some good reading material on investing. I had read quite a bit about stocks over the years but didn't have much practical experience. I decided to pick up a book called "Think Twice Before You Leap", written by Mark Hulbert. In short, he recommended reading a book called "The Intelligent Investor". So I picked up his book and I loved it. Here's what else I recommend if you want to learn more about trading/investing.
1) The Intelligent Investor - Warren Buffett (Berkshire Hathaway Inc.)
Summary: The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham is a classic text on value investing. It provides detailed information about Graham's approach to stock selection, including his belief that investors should focus on businesses that have enduring competitive advantages and good management. This concise summary covers the chapters of the work describing Graham's value investment philosophy, techniques, and style.
Author: Benjamin Graham (1904-1976) was a pioneer in the field of security analysis. He studied under legendary Wall Street investor/commentator Mark Twain and became known as "the dean of American finance." His principles of buying stocks at low prices still guide many professional investors.
Book description: The Intelligent Investor: A Book About Common Sense, Investment Research, and the Behaviour of Stock Market Prices focuses on the study of investments. It demonstrates how fundamental research and valuation techniques can be employed to help determine whether a company is worth purchasing and what price its shares are currently selling for. In addition, the author outlines methods for using these tools in conjunction with each other to identify valuable securities.
Keywords: Benjamin Graham | Warren Buffet | value investing | intelligent investor
2) Stock Market Wizards - Jack Schwager (Market Wizardry Books)
Jack Schwager's book Market Wizardry is a comprehensive guide to the stock market written by a world-renowned trader. There was no shortage of books about trading back in the 1990s, but this was the first one I read. The book starts off with some basic definitions, then proceeds to walk you through different types of markets. Each section focuses on specific issues like politics, economics, and corporate news. After covering each topic, he would give his opinion on whether it was favorable or unfavorable for investors. He would also offer advice on how to trade these topics. If you're looking for a concise guide that covers the basics of investing and reading charts, this is the book for you. It's not the most exciting read, but if you want to learn the ins and outs of the stock market, this is the book you should start with.
3) Common Stocks & Uncommon Profits - John C. Bogle (John Wiley & Sons)
- Short Summary : “The Power of Stock Market Investing
Contents
Foreword
I've been fortunate enough to have been involved with investing since I was a young boy. Since then, I've had the privilege to live through some monumental changes in the markets and personally as well. I still remember my grandmother telling me about the Great Depression. She said, if we were poor back then, it would be hard to imagine being poor now. As I got older, I started working at a brokerage firm and learned more about what stocks did, how they worked, and how to make money using them. In college, I took a finance class where I read several books about financial topics and began to understand the basics of stock market investing. One day, I wanted to get an insider's view of the stock market and asked a professor who was teaching our course whether he knew any investment advisors. He recommended a mutual fund company called Fidelity Investments. At first, I thought they were just another mutual fund company. But after talking to them, I realized their approach was different. Their philosophy was to help investors achieve long term returns with low volatility. So that was it! I decided that was the kind of advice I wanted to follow. Over time, I became more interested in investing and learned even more about its history and how to invest successfully. Today, I am still doing exactly what I did 10 years ago: sticking to the same tried-and-true principles of investing that have helped me succeed over time. And those principles are simple.
Introduction
Investing in the stock market works best when you're guided by sound principles and disciplined strategies. That's why I wrote this book. It shows readers how to use these basic principles in building successful portfolios over time. Whether you are starting out today or have already invested in stocks for many years, this book will show you how to continue to build wealth while maintaining a steady stream of income.
About the Book
This book focuses on three basic principles, each of which is described in detail throughout the pages of this book. First, success comes not from beating the market; rather, it comes from consistently outperforming inflation. Second, stocks are not gambling machines—they provide real value. Third, buy-and-hold investing is the best way to ensure long-term results. These three basic principles guide everything I do and explain why some people are rich and others aren't.
How to Read the Book
In this book, I share numerous examples of people who followed these principles and achieved great success. While reading, you'll learn how to apply the concepts and put them to work yourself.
4) Mutual Funds For Dummies - David L. Swenson & Kim Kowall (Wiley)
Summary: Mutual Fund Investing For Dummies by David L. Swenson and Kim Kowall, Wiley Publishing, Inc., May 11, 2017
Description: In Mutuaul Fund Investing For Dummys, David L. Swenson, CFA and Kim Kowall show readers how to invest in mutual funds and build their own portfolios using these tools. Readers learn about the different types of mutual funds and how they work. They explore how to find good mutual fund managers and evaluate them based on investment criteria. They also look at how diversification works in mutual funds and consider its role in building risk-free returns. Finally, they analyze what the future holds for the U.S. stock market.
5) Million Dollar Portfolio Manager - Randall Forsyth (Probus Publishing Group)
Many people claim to know how to manage a million dollars worth of assets, but how many actually follow through? It takes discipline and dedication to achieve financial success. Forsyth outlines several basic rules for managing a million-dollar portfolio, including setting realistic goals, avoiding emotional decision-making, and always trying to minimize fees. He ends the book with a list of suggestions for those looking to get started.
6) The Complete Guide To Investing In Stocks - James P. White (John Wiley & Sons Inc.)
Summary :
A complete guide to investing in stocks. This book gives readers valuable insights into how the stock market works, what makes securities tick, and how to invest without losing their shirts.
The author, a former Wall Street executive, teaches investors how to analyze companies, understand financial statements, read SEC filings, and trade wisely. He explains how technology and globalization have changed business practices, making today's markets more volatile than ever before.
He also examines recent trends in the U.S. economy, including the housing bubble, the subprime mortgage meltdown, and the federal deficit crisis. The author looks at the political, economic, and social factors that affect the future direction of our nation's capital markets.
You'll learn about the basics of valuing and trading stocks, how to choose between mutual funds and individual stocks, and how to avoid costly mistakes. You'll get advice on choosing a broker, managing your money, minimizing taxes, and avoiding fraud.
7) Trading Secrets Of Wall Street Traders - Tadd Shultz (McGraw Hill Professional)
- The first thing I did was to get a copy of the book from my library. After reading some of the reviews about this book, I decided I would give it a try. I'm glad I did! If you want to improve your trading skills then you should definitely read this book.
Summary: A trader's secrets for making money in today's markets include knowing how to use technical analysis tools, having a disciplined mindset, being self-disciplined, and making correct decisions when entering and exiting positions.
I always felt intimidated when I tried to trade stocks because I didn't know enough about them. So when people started talking about options trading, I thought it was going to be even harder. But after reading Trading Secrets Of Wall Street Traders, I realized that it wasn't as hard as I thought it was going to be. In fact, options trading doesn't seem nearly as difficult as stock trading. And if you're looking for an options trading strategy that works, then this book is for you.
The author explains how to make good trades using technical indicators and charts. He also covers chart patterns and candlestick formations, along with the basics of trading stocks and options. You'll learn how to analyze price action and find hidden opportunities in the market.
This is a great book for anyone who wants to start learning the basics of Wall Street trading. And once you understand the basics, you can move into advanced strategies or take on more complex instruments. So if you want to become a successful trader, then check out this book. It's a quick read with plenty of practical examples.
If you have any questions or comments please leave them below. Thanks for watching.
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