"Stock Market Books Are Essential Reading
If You Want To Beat The Markets
- You've Gotta Invest in Your Education"
Introduction
- Whether you like reading 'Stock Market Books' or not, there is one of these financial books you absolutely MUST consume
- If you're serious about your retirement, you need to devour at least 10 of the 'Stock Market Books' recommended here
- Want to understand how volume relates to price (and you should)? Then this book is mandatory reading
- Number crunching is b-o-r-i-n-g but this little gem of a book makes it (almost) exciting
Warren Buffett says:
"Someone is sitting in the shade today because someone planted a tree a long time ago"
"Become A Hoarder of Stock Market Books"
We have more than a few dozen 'Stock Market Books' on our shelves . In fact, we have a whole bookcase dedicated to the topic (see to the left). We have other interests too.
Yes, we're real book worms!
We happen to like 'Technical Analysis' and have read umpteen books on the topic.
But we novices must at least learn the basics above all else.
Look on every business bookshelf in your favourite bookshop and you'll see a plethora of 'Stock Market Books'.
Be careful!
You need to read the 'classics' before you even think about reading a trading book by someone you've never heard of.
All the classic 'Stock Market Books' are covered in this section, and a few more besides.
"Consume 'Classic' Stock Market Books"
Probably THE best place to become proficient in Stock Market investing is through 'Stock Market Books'.
Beginner investors, as indeed all of us, have to learn. And we all have to start somewhere. The market can be an expensive place to cut one’s teeth. So, we reckon Stock Market Books are the best way to get into investing.
There are many books that have earned their place in investment history. Written both by the pioneers of the investing world and some modern-day wordsmiths whose works are equally well worth devouring.
The Stock Market as we know it has only been around for a little over 100 years but in that time, a lot has happened.
Sure, there was trading going on in the coffee houses of London and New York long before that, and trading throughout the 19th. Century, but “modern” trading, has been with us just over a century. We like to think that around about the time of Charles Dow is when we should start taking notice of what some of the wise men of investing had to say in their Stock Market Books.
We call these pioneers of investing “the old masters.” Because that’s what they were. Masters at their craft.
And, having read many of these investing classics (and still more on our bookshelves) we can testify that the pages of these classics yield valuable trading strategies, trading rules, and how to conquer 'Stock Market Psychology'.
The books listed here, are not a complete compendium. Rather, they are what we have personally in our library, most of which we have read. Some more than once. Others we haven’t gotten around to reading at all – yet.
In today’s world of digital data, there’s no excuse for not obtaining 'Stock Market Books'. With the like of Amazon’s Kindle, they are mostly all available, and relatively cheap. When you consider what information is within their pages and what it can do for you, they must be an absolute snip.
For the most part, we’ve tried to give a synopsis of the books that we have read.
Most of what we’ve written is from memory - we’re talking about a fair few books and lots of them read some time in the distant past, so some of our comments may be a little rusty.
But we hope you're encouraged to read them. If not all of them, then some of them. You'll be glad you did.
But as it happens, we like reading. We read lots of books, not just those with an investing flavour.
You know that they are written by those that have been there and done that.
Who wants to be a pioneer? Not us. We’ll learn from those that have been there, done it, andgot a wrdrobe full of tee-shirts.
But, we understand that most people are not like us, and not prepared to read stodgy books on investing. We get that. And it’s with that in mind that we decided to formulate this section of the website. We try to give a critique of the books that we’ve read and if you like the odd one or three, then maybe you’ll decide to read them as well – or at least – part read them.
Now we're not suggesting that you can be as successful (and rich) as any of the authors of the books that we're including. We know we're not, and probably never will be.
By the law of averages, the majority of us will not become super (filthy) rich. But does that matter? All we ever wanted is to have enough moolah to do the things that we’ve always wanted to do. Especially in retirement.
In the sections titled “Your Retirement” and "Retirement Ideas" We outline all the things we aspire to – not least a Bucket List!
There’s no reason that anybody, if starting out at an early age, can’t amass a pension pot of a million or more. No reason at all. And by following the advice contained in most of these Stock Market Books – that’s exactly what the authors advocate.
There is a common theme throughout most Stock Market Books, and that is that over the course of a few decades, Stock Market investing has beaten most other types of passive investments.
And there is absolutely no reason to not believe that if massive companies continue to grow economies, the long term trend of Stock Market growth will continue. History has proved this to be the case. Just look at the last 100 years.
We're old enough to remember the recession of 1970-74 and the Stock Market “crash” of 1987. Both of which, although devastating at the time, were nothing but a blip on the long term chart. Note also the dot com bubble of 2000 and the recession of 2008-9. At the time, worrying. Now, nobbut history.
So what’s the secret?
There is no secret. Just common sense.
Save a little each and every month. The earlier you start the better the end result.
Perhaps easier said than done. It takes discipline. But do it. You will reap the rewards when you most need them. That is, when you hang up your work-boots or office suit.
You’ve gotta trust us on this. We speak from experience. We wish we’d have started salting our money away sooner than we did. DON’T make the same mistake.
We re-iterate this fact throughout this website because a lot of the books that you will come across, say roughly the same thing.
"You Must Devour At Least One
Stock Market Book On Trading Psychology"
Now here’s another common thread of a lot of 'Stock Market Books':
You are not beaten by the markets – you are beaten by yourself.
You have to learn to be un-emotional in your trading.
Again - easier said than done.
But it is essential that you do this.
There are umpteen books on 'Stock Trading Psychology', in fact this website dedicates a whole section to the topic (see Stock Market Psychology).
Why? Because it is so important. You could say it’s the first technique you should learn before getting your feet wet in the market for real.
We remember when we were real novice investors, we’d buy a share on the basis that it was a ‘sure thing.’ Only to see, almost immediately, the share go in the opposite direction to what we would have liked.
And around the same era, we’d sell a share (with perhaps a modest profit) only to see the damn thing shoot up. Not very long after the sale.
Uncanny. we’d maybe held that share for a considerable time, and to see it zoom upwards almost as soon as we sold it, was, in our eyes, a conspiracy.
We used to think that gremlins had attached a little camera to our shoulder watching every move we made and then waiting for us to make a trade. We bought and … bang, down they went. We sold and …bang, up they went. Always opposite to what we wanted.
What other explanation could there be?
We've since realised that there was no conspiracy, just as there isn’t today. But our actions played right into the hands of the market makers (or specialists). They’re the smart brains who set market prices and know how to trap you.
You’ll discover that a lot of Stock Market Books major on this very topic. And at the end of the day, it’s all down to psychology. And boy, do those market makers know how to catch you.
Trading, and therefore making money in the Stock Market is an art – not a science.
You’ll probably get fed up of us repeating this on this website.
Although we're fans (big fans) of Technical Analysis, we do not believe there is a piece of software out there that can predict Stock Market moves. Despite what the sales letters pushing these products may try to tell you.
It’s logical. Trading is an emotional game. Common sense tells you that no software can get into the minds of traders. Some programs may come close, especially when volume is considered, but if there were such programs – everybody would want them.
And it’s for this reason that you will not see any recommendation for any Stock Trading prediction software on this website.
We're also not great fans of Stock Market seminars. And we’ve been to plenty. We can honestly say that, with very few exceptions, none of them were of any benefit to us.
"Here's Our List of Stock Market Books"
That brings us back to 'Stock Market Books'.
The
ONLY place where you will get a ‘proper’ Stock Market education, is by
consuming good written material. And it's far, far cheaper too.
The
books we’ll be introducing you to in this section are written by some
of the best Stock Market Traders that have walked the planet.
Guys like Richard Wyckoff, Charles H. Dow, William Hamilton, William D.Gann, Jesse Livermore, Benjamin Graham, Philip Fisher, and many, many more.
Surprisingly, there’s not a single book by Warren Buffett in the list.
But … there are quite a few books by people who knew Buffett and those that know his methods.
For us, works about Warren Buffett are a MUST read. We call him the father of Common Sense Investing.
We
are BIG fans of his. His primary investment method is called ‘Value
Investing’ and we’ll be referring to that phrase a lot throughout this
website.
Look out for webpages about ‘Buffettology’ as well. No – we haven’t just made that word up, but it does sound catchy.
Where
we have found a special interest in a particular Stock Market Book, we
have made a link to a separate page, so you can get a more detailed
synopsis about the book.
And
before we list the books, we’ll make a damaging admission: some books
are boring as hell. Real stodgy. Even an enthusiastic readers like
ourselves had difficulty in ‘wading through’ one or two of them.
But they are included because somewhere within, they contain some words of wisdom.
We
don’t always read a book, especially stodgy ones, cover to cover. We
select the chapters that interest us. And we suggest you do the same.
Who wants to be bored rigid?
O.K. So, without further ado, here’s our list of what we consider to be of use. There are some real gems in here.
Our
recommendations are clearly marked as such, but don’t let that put you
off any of the others, it may be that we haven’t gotten around to
reading them, so we don’t really have an opinion.
Apologies
for any great Stock Market Books that we may have omitted due to our
ignorance of them being in existence. However, if any such books come to
light they will surely be added to the below list in the future. So
keep coming back to this webpage, it will be continuously up-dated.
The "Classics":
The Wealth of Nations by Adam Smith
Warren Buffett has three favourite books. This is one of those three.
This book was first published in March 1776 during the Scottish Enlightenment and the beginning of the American Revolution.
The book was a best seller even when it was first published.
It not only influenced economists of the time but also governments and organisations.
The book is a must read for anyone who wants a better understanding of the principles on which all modern capitalist economies have been founded and the creation of wealth that stems from those principles.
Adam Smith mixed a lot of common sense with history, philosophy, psychology, and much more.
Smith's tome was recognised as one of the first to describe what builds a nation's wealth and touched on topics such as divison of labour, productivity, and free markets.
You can get this book by clicking on the link below:
Security Analysis by Benjamin Graham and David L. Dodd
This is the second book (of three) that Warren Buffett recommends. The first being 'The Wealth of Nations' and the third 'The Intelligent Investor' by Benjamin Graham.
First published in 1934, Security Analysis has sold over a million copies. The latest edition (based on the 1940 version) has 200 extra pages written by some of Wall Street's leading investors.
In this volume, the principles of Benjamin Graham's value investing techniques are explained asbeig relevant for today's markets.
The Foreword to the book is by Warren Buffett who only repeats the relevancy of value investing in the markets of tody.
You can get this Warren Buffett recommendation by clicking the link below:
Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)
The Intelligent Investor by Benjamin Graham
This is the third book (of three) that Warren Buffett recommends.
Benjamin Graham was, arguably, regarded as the greatest investment advisor of the 20th. century. His philosophy of "value Investing" taught investors, such as Warren Buffett, the virtue of long-term investing.
The Intelligent Investor is regarded as the stock market bible.
It is essential reading, even if you do not agree with some of Graham's philosophies.
The fact that it is one of Warren Buffett's top three recommendations is a good enough testimonial to its usefullness.
You can get this 'must have' book by clicking on the link below:
Warren Buffett's Three Favorite Books by Preston Pysh
Contrary to what a lot of people think, this book is not a collection of Warren Buffett's three favourite books, that would be a monster of a resource with nearly 2,000 pages.
This book is a mere 200 pages and highlights the useful information that is to be found in the three books that he recommends.
What is really useful is that Warren Buffett starts the book with simple explaations of investment terms and that approach is continued throughout the book.
And, as a BIG bonus, at the end of each chapter, a video lesson is referred to. These are not physical videos but reference to a webpage where you can access the videos online.
This is an excellent book that teaches you how to accumulate wealth over a long period. Something that Warren Buffett himself is rather good at.
The tone of the book throughout is top quality written by an extremely competetent author - Preston Pysh.
Get a copy of Warren Buffett's three favorite books by clicking on the link below:
Common Stocks and Uncommon Profits by Philip A. Fisher
Philip Fisher is one of Warren Buffett's go-to guys. This paperback version retains all the wisdom of the original edition published in 1958 and includes Fisher's 15 stock-picking criteria and his 10 "don'ts."
Warren Buffett has gone on record saying that he is 85% Graham and 15% Fisher. With Graham being hailed as the Father of Value Investing and Fisher the Father of Growth Investing.
Get tis book alongside that of Benjamin Graham and begin to thik like Warren Buffett, just click the link below:
Against the Gods by Peter Bernstein
This is a book about risk.
Human beings are not born knowing anything about risk. The ability to make decisions based on it need to be developed. Risk needs to be learned and improved upon as we get older.
The book helps us to undertand that we need not re-invent the wheel, we just need to learn a few basics.
But if you intend to trade using Value Investing techniques, you only need an appreciation of what risk is.
Essential reading in our view.
Get your copy and refer to it often. Click on the link below to get access:
Extraordinary Popular Delusions ad the Madness of Crowds by Charles Mackay
Believe it, or believe it not, this book was first published in 1846. Yes, over 160 years ago.
It is a work all about behavioural psychology. A lesson in how not to follow the crowd. It details scams of the past. Events that are unlikely to happen in mrkets of today - or are they?
A most readable book and entertaining book. A very good read.
Just click the link below to get access to your copy:
Beating The Street by Peter Lynch
Peter Lynch believes that you can be your own investment advisor by getting to know a company.
Do your own research. Make your own observations.
He likes growth companies. He also likes companies that are troubled but are going to recover. He likes anything that he can see , on fundamental grounds, that there is a chance of that company making a profit.
He recommends ignoring the ups and downs of the market and concentrate on the fundamentals of the company under scrutiny.
Click the link below to order your copy:
One Up On Wall Street by Peter Lynch
Peter Lynch was a firm believer in that the average private investor can become experts and pick winning stocks just as efficiently as the professionals.
His philosophy being that, over the longish term (5-15 years) a layman's portfolio will grow as well as ay managed fund. His easy-to-follow directions of identifying which numbers in company financial statements really matter weed out the wheat from the chaf.
His guidelines for investing in cyclical, turn-around and fast-growing companies are well explained in this must have resource.
By clicking the link below you can reserve a copy of Peter Lynch's book:
How To Make Money in Stocks by William J. O'Neil
In this circa 450 page 'box of tricks' William O'Neill has made a study of stock market winners from 1880 thru 2009.
Surely, over 2 million private investors who have read this book can't be wrong.
In this volume he explains his CAN SLIM system of investing, a tried and tested seven step process of reducing risk and maximising gains.
The book also outlines:
- techniques for identifying winning stocks before they make big moves
- tips and tricks for finding Stocks, Unit Trusts, and Excahnge Traded Funds
- 100 charts to help you identify winning trends
- strategies that will help you avoid 21 of the most common investment errors
Click on the link below to reserve your copy:
Market Wizards by Jack D. Schwager
This book can perhaps be best described with an excerpt from one of the wizards:
"I like to use something I found in the Investor's Daily, the earnings-per-share (EPS) ... I also like to look at the price/earnings (P/E) ratio in conjunction with the EPS ... In other words, wile I like to see a company with a storng earnings growth pattern, I also want to know how much the market is paying for that earnings growth pattern."
Click the link below to grab yourself a copy of this classic work:
The New Market Wizards by Jack D. Schwager
Just as in the original copy of Market Wizards, Jack Schwager has found a new set of wildly successful traders.
All these traders use different methods to achieve their goals. But how do they do it? What makes them different? What tips and tricks do they have to pass on to us mere mortals?
Most of these New Market Wizards are relatively unknown: Gil Blake, Blair Hull, William Eckhardt, Bill Lipschutz, Stanlet Druckenmiller and others.
Jack Schwager interviews them all and squeezes out of them their "secrets" to them having made fortunes. For example: Richard Driehaus managed a fund that beat the Russell Index more than 2:1 since 1980 and by 6:1 in terms of cumulative return.
Get you copy by hitting the link just below:
A Random Walk Down Wall Street by Burton G. Malkiel
Most investment books are about making money.
This one isn't. It is primarily about the nature of the market itself.
In the book, the author contrasts two philosophies. What he calls a "castles in the air" approach and a "firm foundation" approach.
What he is really contrasting is Technical Analysis and Fundamental Analysis. What he suggests is that he has no faith in either principle.
He recommends a number of strategies in order to make money in the markets. One of which is to buy Mutual Funds (or Unit Trusts as they are called here in the UK) and hold them for the long term.
This book should be on every investor's bookshelf. Get your copy by clicking the link below:
Barbarians At The Gate by Bryan Burrough and John Helyar
This is a story about corporate greed.
Two industrial giants, RJR and Nabisco had not merged into one company when the new CEO decided, to attempt a leveraged buy-out (LBO).
On the face of it, LBOs are a good deal for the small private investor. Someone comes along and is willing to pay you more for your stock than it is actually worth. But are they ethical?
Get yourself a copy and decide for yourself if the company involved will actually benefit. Clcik the link below and get immediate access:
Reminiscenses of a Stock Operator by Edwin Leferve
It is the story of a stock market speculator, Larry Livingston, as told by a journalist Edwin Leferve. It is widely believed that Larry Livingston was none other than Jesse Livermore, a famous speculator that made fortunes, and lost fortunes.
There are several publications of this book available but we like this beautifully illustrated version.
To reserve your copy of this illustrated book, click the link below:
Where Are The Customers' Yachts by Fred Schwed Jnr.
Yet another book with a title that is difficult to guess the contents of.
And, in this particular case, you don't often find financial books that have elements of humour. But this is one.
It got it's strange name from a visitor to the Battery where his guide pointed out all the bankers and all the brokers yachts. To which he replied: "And where are all the customers' yachts?"
A very light read but with a serious story.
Click the link below to reserve your copy of this thoroughly entertaining book:
How To Trade in Stocks by Jesse Livermore
Jesse Livermore was probably the most successful stock trader that ever lived. However, his trading methods are not to be copied.
Because he was a speculator.
In four decades, he made,and lost, four fortunes. Massive fortunes. He was a speculator. Richard Smitten does a good job of explaining Livermore's trading system with step-by-step information on:
- Reading the markets and stock behaviour
- Analysing leading sectors
- Market timing
- Money Management
- Emotional Control
Order your copy by clicking on the link just below:
New Key To Stock Market Profits by Joseph E. Granville
At the time this bookwas published, it was a sensation.
G-G-Granville came up with a new theory - On Balance Volume.
He was the first to admit that new theories are useless unless they work, and he took great pains to prove that his theory did work. He reckoned that once you have identified a stock to buy you can apply his principles and trade with confidence.
He had a 7 step procedure for aplying his new-found theory:
- Selection of the most promising chart pattern
- Recording of On Balance Volume for the stock selected
- Daily surveillance of the stock
- Purches the stock(s)
- Concentration
- Patience
- Sell the stock(s)
If you have not read about On Balance Volume, thi book is an eye-opener. 300+ pages and choc full of charts and tables
Get this book by clicking on the link below and study it well:
The Investor's Quotient by Jake Bernstein
The weakest link in any trading system is always going to be the person who makes the trade - you.
In this resource you will discover techniques on how to:
- lose less on bad trades ad make more on profitable ones
- learn what's working and what's not
- master the markets by mastering yourself
- decide what's best for you: long-term trading or short-term trading
Note: long-term trading is best for retirement investing. Short term trading is risky.
Grab this classic book by clicking on the link below:
The Major Works of R.N. Elliott by Robert R. Prechter
Many investors have heard of Dow Theory but not that many have heard of the Elliott Wave Principle.
Ralph Elliott published a series of articles and books throughout his career and with this volume Robert Prechter has bundled all these together into one volume.
Those investors that have taken the trouble to study the principles of Elliott have found them to be extremely accurate.
This book, is a collector's item, and you may be able to get a copy via the link below:
The Stock Market Barometer by William Peter Hamilton
Scientific Stock Speculation by Charles H. Dow
Dow Theory Explained by Charles B. Stansbury
How I Trade and Invest In Stocks and Bonds by Richard D. Wyckoff
The Wall Street Jungle by Richard Ney
Making It In The Market by Richard Ney
Trader Vic by Victor Sperandeo
Sperandeo achieved an annual growth rate of 70.71 per cent between 1978 and 1987. And during the period 1972 to 1987 he showed very few loss making months.
No wonder this book was a best seller.
He was a big believer in Dow Theory. He strongly agreed with the works of Charles Dow, William Hamilton and Robert Rhea. He assert that those principles still hold good in today's markets.
If you are a fan of Dow Theory, this is a must read for you.
Get your copy by clicking on the link below:
Trader Vic II by Victor Sperandeo
Liar's Poker by Michael Lewis
This is the story of the writer's life as a trader for Salomon Brothers between 1985 and 1988. The title comes from a game they used to play - at that time there was an attitude of "greed is good."
Michael Lewis tells the story of life inside the extravagance of Salomon Brothers. To many, this is the best book to have ever come out of the financial world and is a lesson to anyone who believes that finanical professionals look after their customers.
A real eye-opener.
Get this book now by clicking on the link below:
Beating The Dow by Michael B. O'Higgins
Beating The Dow is our kind of book.
When starting out in investing, how does the neophyte know what to believe and what to ignore? It's difficult. But Michael O'Higgins has found the perfect answer.
And it's an answer that both we and Warren Buffett would approve. Stick to blue chip companies. What great advice!
Over the long-term, equities have historically risen and for sure, will continue to do so.
So forget trying to make a killing by finding the next "ten bagger" stick to good, healthy stocks that you know will follow the major trend. And that means blue chips.
Even Warren Buffett reckons you should only be interested in about 30 shares throughout your lifetime.
This book should be at the top of anyones buy list, get yours by clicking the link below:
45 Years In Wall Street by William D. Gann
William Gann was into his early 70s when he wrote this book.
He writes that he has revealed some of his most valuable rules and secrets that have never been published before. In his world everything follows a pattern. And because of this he reckons that you can predict just about anything.
He is probably best remembered for his "angles" and numerical sequences.
Traders today still use Gann. Some wouldn't be without it. 45 Years in Wall Street is Gann's last work and it details his trading rules and techiques.
To silence his critics - he was right 88-90% of the time.
Believe him or dis-believe him, he walked the walk. Get a copy of this, his last book, right here:
Truth of the Stock Tape and Wall Street Stock Selector by William D. Gann
This volume is actually two books in one.
The Truth of the Stock Tape was written, and published, in 1923.
By 1929 the American stock market had matured a lot and by the end of the decade came the great crash.
William Gann had a mind to bring 'Truth of the Stock Tape' up to date. He did this by publishing 'Wall Street Stock Selector'.
Both books are highly regarded by professionals and private investors alike.
You can get this book by clicking the link below:
The Great Crash 1929 by John Kenneth Galbraith
This book is an important read for investors.
For history buffs, like ourseves, it's a fantastic read. We like to know why things happened the way they did, and as history does repeat itself, being able to predict when the next "similar" event occurs would be quite useful.
John Galbraith noted five weaknesses in the economy just before the crash:
- There was a big gap between rich and poor
- Crime was rife at the time
- The banking structure was weak
- President Hoover increased import tariffs which made it difficult for foreign countries to trade
- There wasa lot of bad economic advice
Essential reading we think.
This is one book that must be on your bookshelf, click the link below to order now:
Manias, Panics and Crashes by Charles P. Kindleberger
The Zurich Axioms by Max Gunther
Value Investing:
The Intelligent Investor by Benjamin Graham
This is the third book that Warren Buffett recommends.
Benjamin Graham was, arguably, regarded as the greatest investment advisor of the 20th. century. His philosophy of "value Investing" taught investors, such as Warren Buffett, the virtue of long-term investing.
The Intelligent Investor is regarded as the stock market bible.
It is essential reading, even if you do not agree with some of Graham's philosophies.
The fact that it is one of Warren Buffett's top three recommendations is a good enough testimonial to its usefullness.
You can get it by clicking on the link below:
Intelligent Investor: The Definitive Book on Value Investing - A Book of Practical Counsel
The Zulu Principle by Jim Slater
Jim Slater was a Chartered Accountant who had a knack of identifying under-valued companies.
In his book that he calls "The Zulu Principle" he shares his valuable skill at selecting dynamic growth shares, turnarounds and cylical shares.
His book is very readable and UK centric. He gives may trading rules that are applicable to the private investor. In the final chapter he give ten guidelines that are aimed at the smaller investor.
Get your copy by clicking the link below:
Beyond The Zulu Principle by Jim Slater
Stock Trading Strategies:
Stock Trading Strategies by William L. Anderson
Strategic Stock Trading by Michael Swanson
This book attempts to demonstrate why stocks move the way that they do, and how to spot, before everyone else, changes in trends.
The chapters of the book include why a stock really goes up (or down).
Following a secific sector from a high to its low.
Stock patterns and how you can identify them.
How to buy shares using a "two fold formula"
Finding a core holding and keeping it.
Investing in quality companies.
And much, much more.
Click the link below to reserve your copy:
How to Make Money Trading by Lex Van Dam
Trading Secrets by Simon Thompson
Trading Secrets contains 20 rules of trading. And by using historical, economic and technical trend anlaysis from the past 50 years, if identifies ways for the reader to capitalise on such events as holidays, sporting events, and even the US Presidential elections.
This resource covers economic and stock market cycles and highlights how you can trade in both bull and bear markets.
The book is a very interesting read and the strategies used are good for both short-term and long-term investing.
At just 170 pages, the book can be consumed in less than a week.
Get your copy now, click the link below:
How The Stock Market Works by Michael Becket
The Art of Execution by Lee Freeman-Shor
The Stock Picker by Paul Mumford
Stock Picking For Profit by Simon Thompson
Successful Stock Picking Strategies by Simon Thompson
Exchange Traded Funds:
The ETF Book by Richard A. Ferri
This resource is probably the bible for Exchange Traded Fund investors.
The book is divided into four parts:
- ETF Basics
- Indices that ETFs follow
- ETF styles and choices
- Portfolio management using ETFs
Exchage Traded Funds and little known bt are low-cost and private investors need to get acquainted with them. They are a growth market.
Grab your copy of this excellent resource by clicking on the link just below:
Warren Buffett and Similar:
Warren Buffett's Management Secrets by Mary Buffett and David Clark
This book makes a good sequel to the authors' Buffettology series of books (see below).
The authors have captured Warren Buffett's decision-making process and strategies for maintaining focus.
Warren Buffett has undoubted leadership qualities that others want to model. Qualities that have made him the second richest man in the world.
It highlights that success in life and success in business are very closely linked. The book is choc full of quotes and anecdotes that go along with the dialogue.
Click the link below and get your copy right now:
Warren Buffett and the Art of Stock Arbitrage by Mary Buffett and David Clark
Between the years 1980 and 2003 Warren Buffett's arbitrage operations produced an average annualized rate of return of ...
...wait for it ...
... 81.28% - and all achieved with a absolute miimum of risk.
What's more is that this book, written by the same authors, dovetails perfectly with all the previous ones written by Mary Buffett and David Clark. Both of who are a big success in their own right.
Devour this book and get an insight into a little-known Buffett strategy.
Click below to reserve your copy:
Warren Buffett and the Interpretation of Financial Statements by Mary Buffett and David Clark
The dynamic duo are at it again.
This book is loosely based on Benjamin Graham's work of a similar name and is ideally suited for the private investor. It provides insights into how Warren Buffett pulls apart a company's accounts looking for those Economic Moats.
Who would have thought that a resource about company accounts would be readable? But Mary Buffett and David Clark have successfully done just that.
If you want to understand how Warren Buffett values a company, and you definitely should, then this resource should be very near the top of your shopping list.
To get your valued copy, just click on the link below:
The Tao of Warren Buffett by Mary Buffett and David Clark
I don't normally rave about any one particular resource because I find most of the books on my bookshelf infomrtive and/or entertaining.
But this book is both informative and entertaining. And very, very readable. I don't normally read a book in one sitting, but this is one of those rare times when I did just that.
Warren Buffett didn't write too many books himself, this one was co-written by his ex-daughter-in-law and noted journalist DAvid Clark.
Warren Buffet's quotations are legendary and you will find his best ones here in this publication together with wise explanations. All 125 of them.
Click the link below and get yourself a copy:
The Warren Buffett Stock Portfolio by Mary Buffett and David Clark
Following on from their success with "Warren Buffett and the Interpretation of Financial Statements" our master Buffettologists have produced a resource that takes a look at 17 companies that Warren Buffett has invested his own, and his company's money.
Published at a time when companies were on offer at bargain-buying prices - that is- low prices and low price-to-earnings.
Seventeen case studies of highly successful ivestments made by the master himself. An absolute bargain.
You'd be crazy to pass on this opportunity, click the link below to reserve your copy:
Buffettology by Mary Buffett and David Clark
And yet nother classic from this duo of Buffettologists.
I confess. I am now a true Buffettologist. I was before I read this book. The book merely confrimed it.
Buffettology is a proven method of how to invest successfully in stocks. Stocks that will continue to grow and grow.
Buffett himself recommends that only concentrate on a handful of shares, and throughout a lifetime, only 20-30. On the face of it, that should make the task a whole lot easier.
However, what that means is that you need to spend more time on those handful of shares to get to know them inside out. And back to front.
Warren Buffett has made it his business to get to know everything about a company. Which would also explain why he does not invest in too many technology companies - he doesn't understand them.
Read this book, and its sequel, and work your way through the associated workbook and you will know infinitely more than most investors. And that includes so-called investment advisors.
Get this first book of Buffettology now by clicking the link below:
The Buffettology Workbook by Mary Buffett and David Clark
Reading books, however good they are, is one thing. But there is no substitute for taking action.
If you have read Mary Buffett and David Clark's book- "Buffettology" - then the natural follow-on action for you is to work your way through their Workbook.
Warren Buffett has made a fortune "doing his own thing" and now here is an opportunity for you to replicate his actions.
The methods used are not "Get Rich Quick" but who would you rather follow - Mr. Buffett or some tipster in some newspaper column?
The book will cost you a mere tenner, click here to get your copy:
The New Buffettology by Mary Buffett and David Clark
The original Buffettology wa written in 1997 and this sequel arrives four years later having seen the end of a massive Bull market and what was dubbed: the Dot Com crash.
Investors wonder what will become of their savings.
It appears as though they learned little from the original book. The principle of Value Investing that Warren Buffett learned from Benjamin Graham still holds,ad always will.
Discover, and understand, why Warren Buffett does not "play" the Stock Market. Get this, and you can invest in the same way.
Complete your collection of Buffettology books by clicking on the link below:
The Warren Buffett Way by Robert G. Hagstrom
In this book the author wonders why, with so much information about the techniques of Warren Buffett available, do so many investors fail to emulate him.
Robert Hagstrom attempts to point out reasons why Warren Buffett is super-rich and everyone who attempts to copy him do not come close.
In the introduction Howard Marks cites several reasons why Buffett is "different." A couple of these reasons are that Buffett is unemotional, contrarian, and extremely patient.
The book details 9 case studies of Buffett's prior investments. Another chapter details 12 immutable tenets, and another chapter defines the man himself. A whole chapter is dedicated to how he was educated ranging from his early association with Benjamin Graham and Philip Fisher to his partnership with Charlie Munger.
At just shy of 300 pages click below to reserve your copy:
Warren Buffett's Ground Rules by Jeremy Miller
Before Warren Buffett formed Berkshire Hathaway he spent fourteen years managing the Buffett Partnership Limited. During that period, and having beat the Dow Jones by over 50% in 1968, he wrote 33 letters to his partners detailing his philosophies.
He called these his "Ground Rules."
This book is about how Warren Buffett used Einstein's 8th. Wonder of the World to ake fortunes, for him, and his partners. The rest, as they say, is history.
Another classic, and essential work, about the man himself. Click below for your 'must-have' copy:
You Can Be a Stock Market Genius by Joel Greenblatt
Joel Greenblatt is a genuine pro investor. He has achieved 50% annual growth for over a decade.
This book is a practical and easy reference with plenty of case studies. It also contains all the tools that you will need.
Chapter 2 details seven basic rules for successful investing. The author reckons that all it takes is a little extra time and effort.
To quote Greenblatt directly from his book:
"The idea behind this book was to let you know about a snowball sitting on top of a hill, to provide you with a map and enough rope and climbing gearso that you can reach the snowball. Your job - should you choose to accept it - is to nudge it down the hill and make it grow."
Reserve your copy by clicking the link below:
The Battle for Investment Survival by Gerald M. Loeb
The Battle for Stock Market Profits by Gerald M. Loeb
401(K), IRA's and SIPPS:
The DIY Investor by Andy Bell
There's nobody better at taking care of your money than YOU.
There is a lot of choice out there for the private investor and knowing which to choose is difficult. Or is it?
Armed with the right knowledge, anyone can cut through all the B.S., by-pass all the acronyms and jargon, and make an informed decision.
Your savings are YOUR money. Why give some of it away to some smoothie in a flashy suit. Just learn to DO IT YOURSELF
The DIY Investor gives you a perfect introduction to the world of investing. Click on the link below and grab your copy:
The Naked Trader by Robbie Burns
This resource was published in the UK specifically for UK readers.
And what an entertaining read it is. The latest edition shows how even those new to investing can make double-digit growth.
Robbie Burns has what he calles 10 "sure-fire" winning strategies. Strategies that ensure only quality shares get bought (and sold) at the right time.
For someone new to the markets, and for the experienced, this book should be a part of your growing collection.
Get it now by clicking the link below:
The Smartest 401(K) Book You'll Ever Read by Daniel R. Solin
This book, although written specifically around 401(K) Plans, they are the equivalet of SIPPs.
If you want to kow a lot more about getting the most out of your SIPP then this book will show you just how. It explains in simple terms a lot of commonsensical principles about SIPPs (or should I say 401(K)?)
It also warns against falling for duff information from investment advisors who are more interested in charging hefty fees than they are in investig your money well.
Fact is, nobody is better at investing your money than you are. Never forget that.
Grab a copy of this book by clicking the link below:
The Neatest Little Guide To Stock Market Investing by Jason Kelly
Super Sectors by John Nyaradi
The author has identified hot sectors and foud a unique method to profit from them.
His technique is to use Exchange Traded Funds (ETFs) and switch from sector to sector.
This resource is divided into 6 parts:
- Is conventional wisdom flawed?
- Why Exchange Traded Funds?
- Sector rotation - what is it?
- Trading systems that beat the indices
- Trading concepts and challenges
- Five "super Sectors" that could change your life
Click the link below to reserve your copy:
Know Your Numbers:
Ratios Made Simple by Robert Leach
Ratios are a great way to understand company accounts and all the jargon that goes with it.
This book by Robert Leach is an ideal guide for the non accountancy type. The book covers:
- Profitability ratios
- Investment ratios
- Dividend cover
- Margins
- Gearing
- Solvency ratios
- Efficiency ratios
- Policy rations
- Volatility
The reader is given a layman's explanation of how each ratio is calclated nd used in practice.
Click below to get your copy:
Magic Numbers by Peter Temple
We all wish that there was some magic formula for making money in the markets - alas, it does not exist.
There is no such thing as "easy" money.
In order to grow your capital in the financial markets you need to be able to find companies that have hidden value and just as importantly, avoid those that have warning signs.
This book interprets 33 key investment ratios that will help you, in plain language, understand how to value a company. Even if you have no prior analytic experience.
Click on the link below to grab your copy:
Magic Numbers For Stock Investors by Peter Temple
Peter Temple has done it again.
In this sequel to his original "Magic Numbers" he has defined, again in simple understandable terms, 25 key ratios to help the private investor better understand financial accounts.
With his 30+ years of investig experience, the author has given excellent advice to the layman of how to analyse income statements, cash flow statements, and balance sheets.
As Warren Buffett has said many times, you only need to study about 30 companies over your lifetime, set up a spreadsheet of your chosen companies and run your calculator over them with Peter Temple's ratios.
You will probably know more than 98% of all your competitors.
Add this book to your collection by clicking the link below:
Technical Analysis:
Technical Analysis of Stock Trends by Robert Edwards and John Magee
If you are into Technical Analysis then this is your bible. All 721 pagesof it.
It is to Technical Analysis what Graham and Dodd's Security Analysis is to Fundamental Analysis.
Edwards and Magee are regarded as experts in their field. On the positive side, the book covers most aspects of Technical Analysis a private investor is likely to need.
However, on the negative side, the book is tedious. It is quite a tome.
The book can be hard to get copies of, but you can try by clicking the link below:
How To Select Stocks Using Technical Analysis by Martin Pring
Technical Analysis Explained by Mrtin Pring
Click below to reserve a copy:
Study Guide for Technical Analysis Explained by Martin Pring
A fantastic guide to help you master Technical Analysis.
This workbook/study guide is jam-packed with charts ad graphs to help you better understand Martin Pring's concepts.
Contains fill-inthe-blank, multiple-choice, and matching question formats.
Also contains full text answers to make sure that you fully understand the importance of each idea.
Click just below to order yourself a copy:
Momentum Explained (Volume 1) by Martin Pring
This resource is another smash hit from Martin Pring. It is not just a book. It is a book, a workbook, and a CD-ROM (6 hours) all rolled into one.
Tremendous value.
Momentum is a popular tool for spotting trends and turning points and the author uses it to good effect for both equities and index trading.
The CD-ROM makes this resource different from all the rest giving the reader some hands-on interactive experience.
Get your copy by clicking the link just underneath:
Momentum Explained (Volume 2) by Martin Pring
Martin Pring's Volum 2 on Mometum Investing is the sixth book in a series by him.
Every one being accompanied with a CD-ROM for interaction. This one being no exception again.
This volume covering the concept of relative strength finding low-risk buying opportunities. Finally, a practical guide to rotating industrial groups.
Click below to order your copy:
Momentum Indicators by Martin Pring
Martin Pring likes the use of interaction with his books and this one is no exception including, as he does with most of his resources, an interactive CD-ROM.
The book is dividedinto two parts - Part 1 covers what he would call the basics and in Part 2 he introduces 25 powerful oscillators explaining how each can be used to improve trading accuracy.
Click below and add this volume to your bookshelf:
Candlesticks Explained by Martin Pring
Candlestick charting techniques were first used by Japanese rice traders back in the 18th. century.
Martin Pring has brought the topic to life by producing this multi-media CD-ROM and workbook.
The book starts with very basic principles of candlestick charting and builds into a veritable volume of knowledge which includes other Eastern charting techniques, notably Renko carts and Kagi charts.
The book is just under 200 pages - but packed with readable information.
The resource ends with a 30 page quiz and answer section.
Click below to order your copy:
The Undeclared Secrets That Drive The Stock Market by Tom Williams
This is the original book written by Tom Willims.
The title of this book could easily have been: "How The Stock Market Really Works" and it would have been an apt description.
Tom Williams breaks the hard-to-understand into easy-to-understand. His philosophy was that the markets were simple - they work on supply and demand - like any other market place.
His principles were based on the experience of former master trader, Richard Whyckoff who specialised in trading volume and the price spread.
Tom decided to not only write about his principles but he also had designed specialist software, running in real time, to generate specific buy and sell signal.
Copies of this book are limited, click here now to make sure of yours:
Master The Markets by Tom Williams
In this work, Tom Williams explains in plain English just how the markets work.
He starts with explaining the basics and then moves on describe in detail what Volume Spread Analysis is, then he moves on to disect Bull and Bear Markets - how they form, how they end, how to recognise markets tops, market bottoms, etc.
He leaves no stone unturned. He delivers on every aspect of stock trading and how the market makers try to trick you, how the markets can be manipulated by the professionals, and offers many, many hints and tips.
Click below to get your copy of this very insightful resource:
Japanese Candlestick Charting Techniques by Steve Nison
Candlestick charting is relatively new in the western world. But in Japan it is well over 100 years old.
They are an attractive alternative to simple bar charts. Good software will show them as colourful and easy on the eye.
But they are not just "nice to see", they are actually quite informative and as well as being colourful on the eye they use colourful laguage as well. Expressions like: hanging man, evening star, doji, three black crows, make for interesting reading.
And this resource, is the market leader.
Click the link below to be sure of acopy for your bookshelf:
The Definitive Guide To Point and Figure by Jeremy du Plessis
Many people regard Point and Figure charts as one of the best kept secrets in Technical Analysis.
The book teaches the topic of Point and Figure in basic terminology and includes techniques that have not been seen anywhere before.
There is also a detailed analysis of the FTSE-100 Index using the 3-point reversal method a well as other charts using the 1-point reversal method.
Click the link below to reserve your copy:
Stock Market Psychology:
The Disciplined Trader by Mark Douglas
MarkDouglas has been trading his own account since 1960 and was the Chief Executive for CompuTrac a Technical Analysis company.
His conclusions were that successful trading is 80% psychological and 20% methodological. Emotion is the enemy of successful trades. That's why, even with a modest knowledge of fundamental and technical information, the trader who is in psychological control will be the winner in the trading environment.
The price of this book seems to go up every time I look for it, I got my copy a few years after its first publication, get your copy now before the price goes up again, just click the link below:
Financial Risk Taking by Mike Elvin
Mike Elvin explores the relatioshipbetween human behavious and the financial markets.
In 8 chapters the writer covers such topics as emotions, self-sabotage behaviours, loss and success depressions, and stress.
The final chapter is particularly interesing, where 8 standards divided into 5 sections that require the reader to consider his (75) actions.
A book on market psychology that is so different to what you might expect.
A refreshing change.
Order your copy by clicking the link below:
The Trading Athlete by Shane Murphy and Doug Hirschhorn
The authors of this book have hit on a unique analogy.
Top athletes find themselves under constant pressure and the strategies of sports psychology have been applied to the field of trading.
Their idea is to apply the strategies that top sports people have been using to overcome stress and lack of confidence by setting goals and staying focused.
The techniques used help you overcome bad days, bad weeks, or even bad months because they have been proven to work.
This bookis right up there with the best in market psychology.
Get yourself a copy by clicking on the link below:
Contrarian Investment Strategies by David Dreman
David Dreman and contrarian investing go together. He has an uncanny knack of beating the market by selling stocks that are over-valued by the market and buying stocks that are under-valued by the market.
Dreman's skill is spotting the type of stocks that the market over-values (the better stocks) and stocks that the market under-values (the worst stocks).
Click the link below and grab your copy:
Retirement:
How To Retire Happy, Wild and Free by Ernie J. Zelinski
Among the bulging bookshelves of books about retirement is this one. The author takes a refreshingly different view of retirement.
No matter how big your pension pot, he recommends that you end your working life early - so you can enjoy it?
His ideas are that you should follow your dreams and nobody elses and make your reetirement years the best time of your life.
We definitely agree with that last point.
If you want to retire with some spark in your life, click the link below and reserve your copy:
The Smartest Retirement Book You'll Ever Read by Daniel L. Solin
Follow the advice in this book and you will:
1. Discover simple strategies that will increase your pension pot
2. Not fall for scamsters that are out to get a slice of your hard-earned
3. Sidestep the common errors that can leave your loved ones without enough money
4. Plan for having enough no matter how long you survive
Grab a copy of this enlightening book here by clicking on the link just below:
Conclusion
Believe it or not, but the above list is not our complete "collection".
Also, we are not necessarily recommending all of them to you. The list is overwhelming.
In all honesty, some of them are quite "stodgy". It took us plenty of time, and repeat reading before we could get our heads around the gist of some of them.
Fortunately, some of them, are extremely readable and a joy to read. A subject like investing should be backed up with graphics. That is to say charts or tables. Much easier to follow if they are well illustrated.
In particular we like almost anything about Warren Buffett and Edwin LeFevre. And with Technical Analysis we particularly like Tom Williams ad Martin Pring.
Recent Articles
-
Chris and Clem Meet Up - Friday Night 7th. May
Chris and Clem Meet Up - hopefully, the last time before lockdown easing -
Chris and Clem Meet Up - Firday Night 16th. April
Chris and Clem Meet Up - at last! They can meet in the beer garden -
Chris and Clem Meet Up - Firday Night 26th. March
Chris and Clem Meet Up and it is Chris' turn to do most of the talking. Chris' little windfall has allowed him to widen his portfolio. Chris vows of more.