1. How to Make Money in Stocks
Author: William O’Neil
This is a classic by William O’Neil, describing the ins and outs of his CANSLIM system for finding future big winners in the stock market and how to time entries and exits. It combines fundamental and technical analysis and is a good guide for new investors.
2. Buffett: The Making of an American Capitalist
Author: Roger Lowenstein
This book sheds insight into the ways and means of the Oracle of Omaha. Warren Buffett’s thoughts are insightful and his methods may yield fruitful rewards for investors with enough patience to learn them, understand them and apply them correctly.
3. Market Wizards
Author: Jack Schwager
This book is a collection of interviews of successful traders in the 1970s/80s. Their experiences are fascinating, inspirational, and traders can draw endless lessons from their stories. Jack Schwager’s original interviews became so well known that he has published four more books since: The New Market Wizards (1994), Stock Market Wizards (2003),
Hedge Fund Market Wizards (2012), and a summary of essential lessons from nearly 50 interviews with The Little Book of Market Wizards (2014).
4. The Intelligent Investor
Author: Benjamin Graham
The foundation for value investing and being successful in the market, Benjamin Graham’s classic has sold over 1 million copies and earns its spot on every investors book shelf.
5. A Random Walk Down Wall Street
Author: Burton Malkiel
Currently in its tenth edition, this book is a great first read for those starting a portfolio. Indexing, diversification, trends, bubbles, the value of patience coupled with time, alongside many more core concepts are all pronounced within.
6. The Little Book of Common Sense Investing
Author: Jack Bogle
little book common sense investing
Author Jack Bogle is the founder of The Vanguard Group, known for providing the lowest cost funds in industry. Vanguard is also the largest asset management house in the world with over $3 trillion in total assets under management. Jack’s message is simple, keep costs low and invest in market indexes for the long run. Jack’s other book, Common Sense on Mutual Funds, is another best seller and breaks down mutual fund investing.
Another great book with a similar message can be found in Jeremy Siegel’s, Stocks for the Long Run.
7. The Little Book That Beats the Market
Author: Joel Greenblatt
little book beats markets book cover
Explores the basic principles of investing in the stock market. The book breaks down the author’s proven “magic formula investing” method of outperforming the market by investing in quality companies at discounted prices.
8. Common Stocks and Uncommon Profits
Author: Philip Fisher
This unseeming book is written by Philip Fisher, who Buffett credits with most of his success. In the age of quantitative finance, this book is a must-read for those who want to understand how to inspect a company qualitatively.
9. Irrational Exuberance
Author: Robert Shiller
As the winner of the 2013 Nobel Prize in Economics, Robert Shiller understands the markets and has spent his career studying their movements. An author of multiple books, Irrational Exuberance explores how trends turn into booms and ultimately bubbles that burst.
10. Encyclopedia of Chart Patterns
Author: Thomas Bulkowski
An extremely detailed work that rivals “Technical Analysis of Stock Trends” and should provide traders with a complete understanding of chart patterns. The hard work is to apply the knowledge.
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