What investment books are your reading during the lockdown? What are the best investment books you have read?
Best Investment Books to read
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Unironicly read Yas Forums.
Id this place doesnt teach you market manipulation, pnd, ponzis, shilling and fud, nothing will. Biz is best street school for finance you will ever get. No book will teach you what you learn here first hand.
I just finished reading Bill Williams' book on New Trading dimensions, which has some excellent trading ideas. My favourite investment books are Buffetology, Buffett and Beyond and The Equity Edge; which collectively give a great way to invest.
I just read Bear Market Strategies by Schultz and am reading Technical Analysis of Stock Trends by Edwards and Magee. Does anyone have anything about quantifying fundamental analysis?
I havent read the Schultz book - but sounds interesting. The Equity Edge book has a good section on portfolio management and managing uo and down marketed. There are 2 chapters on trend following and how to use this to avoid investing in the worst times / invest at the best time. The suggestions seem really powerful and not see. that elsewhere.
If you're into forex you I'd consider human action by ludwig von mises, not only will you get a good grasp of economics but its description of boom/bust cycle, inflation, and state enforced interest rates is on point. Though its more of a great book on economics, not trading.
I have not read Bear Market Strategies by Schultz. The Equity Edge has a discussion around managing portfolios through bear and bull markets, with really practical recommendations. There are a couple of chapters on charting with a powerful system on trend following - this is used to invest at the best times and avoid the worst times. Nicely integrated with the fundamental analysis.
I will check the book out, along with Human Action. Both sound interesting.
The intelligent investor
basically this. Browsing Yas Forums is like hanging out with your dealer to get to know the tricks of the jobs. growing your finance knowdlegde here means growing rich.
I have read the intelligent investor. While I like the idea it doesn't offer the practical steps to build an effective equity portfolio. Buffett and Beyond spells out the key principle in a much clearer way and the key idea of clean surplus return on owner equity (Warren Buffet's secret that he talks about but never really spells out in detail).
The Equity Edge makes use of this and has lots of easy ways to assess the investment, which I thought was really interesting. The author works in finance and you can tell he invests as the ideas are great.
Think like a billionaire - Donald Trump if you want some real state hustle
many many trading books here
mega.nz
this.
and as pozzed as it is, crypto twitter is great for TA and finding new projects.
Human Action is quite high brow. Listening to the audio sample. You need a couple of coffees before listening to this.
wasting time on boomer book.
they all will tell you the same tips,blue ships, cheap realestate, 401k,don't day trade, yada yada ....
this, unironically
I mainly invest in stocks and shares and spread bet as I live in the UK. This means you can take positions in up and down markets on pretty much anything you like.
The Schultz book looks interesting and I have downloaded a copy.
Thanks for the mega link. Some interesting books there. I think I have read about half there but there are some I haven't read. I will add them to my lockdown reading.
The Financier sounds like an entertaining book. Although, I am not sure it will help improve my investment skills.
The Market Maker's Edge by Josh Lukeman
Shut up Tim Ferris u are not crowdsourcing shit from us.
Technical Analysis of Stock Trends is up to the 11th edition - was it a good read?
Who is Tim Ferris?
I have read the Market Maker's Edge - it's a good read but I thought it was a bit generic and nothing really novel about it.
Tim Ferriss = 4 hour working week guy? From his website he seems to work more than 4 hours.
The problem is that 99% of biz is brainlets and their psych is on the level of a 7 year old.
Yes - it is a pity as BIZ could be so much more.
Sorry I just started it today, seems to deliver what it promises. Serious on human action though, if you read 1 book on actual economic theory let it be that one, wealth of nations by Adam smith is good for understanding capitalism but written two hundred years earlier you have to cop a bunch of chapters about corn and famine, it's not as relevant. I've also read marx, Engels and Keynes, but I read them so I can argue with people. Some mad lad said in a thread today "read Marx's das Kapital but do all the things he bitches about" I thought that was funny. Cool thread, I'd love it if someone has a book on quantifying fundamental analysis, I always get to the end of FA and think "looks good" or "ok" or "bad"...
The Equity Edge puts numbers to the fundamentals and the results look good. (The author has to report to the SEC so his filings are on record; so you can see he has genuinely had good performance). The problem with fundamental analysis is that results also depend on who is implementing the strategy and personalities.
DESU there is a but of Schultz but there is a chapter there where he talks about his indicators and the structure of a bear market, I'm just getting into trading coming from more of an armchair economist background but that disclaimer aside I learned a lot. Skip his chapter on psychology if you are short on time.
Is a lot of fluff* sorry.
Buffett and Beyond ideas are genuinely life-changing. A core idea that if you can implement on will deliver good results. The book takes a less holistic approach to companies though. The Equity Edge seems like a really nice complement to this book for fundamental equity analysis. Clever ideas around valuation and portfolio management. For building a core portfolio this is a solid foundation. Lots of great ideas to add to my investment style.