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What's The Best Investing Book You've Ever Read?What's The Best Investing Book You've Ever Read?
noony said: "Any book about investing,business,etc. that you felt really taught you a lot."
Rickster said: "I keep saying that everyone should read Practical Speculation by Niederhoffer before reading any others."
Kloewer said: "This is going to sound stupid, but [U]Get Clark Smart[/U] by radio host Clark Howard helped pull me out of an over-consumption death spiral about 7 years ago. That book--and the radio show--helped me get debt-free, ultra-frugal, and heavy on cash. It's very basic stuff (though most Americans don't get it), but without it I wouldn't be in a position to invest.
I just closed on a rental property yesterday, so I've been into real estate books for the last couple months. The last market/economics book I read was a couple months ago--[U]Fooled by Randomness[/U] by Nassim Taleb. It delves into the "black swan" theory of anomalies and unpredictability. It was somewhat interesting, but the author's huge ego detracted from the message."
FirefighterB said: "[QUOTE=Rickster]I keep saying that everyone should read Practical Speculation by Niederhoffer before reading any others.[/QUOTE]
I took Rickster's advice and read this book (not before reading any others, though) and I wholeheartedly agree.
Excellent book that, if it fits your beliefs, will save you very much trouble sifting through books that might have info you don't need.
So, Practical Speculation, by Victor Neiderhoffer is my vote as well."
DarkStraw said: "Innovators Solution, although innovators delemma was written first so if your interested you should probably read it first, but its not as good. still good though."
newinvestor123 said: "One up on Wall Street, by Peter Lynch. Every pick I've made that fit his criteria has been a winner for me."
Fluidollar said: ""You can be a stock market genius" by Joel Greenblatt. Most useful book I've ever read, and I've read a lot, for getting high returns with low risk. I'm surprised it doesnt get referenced too much, as Greenblatt basically openly describes how he obtained over 50 percent returns for 10 years at his firm."
JAP said: "[quote=Fluidollar]"You can be a stock market genius" by Joel Greenblatt. Most useful book I've ever read, and I've read a lot, for getting high returns with low risk. I'm surprised it doesnt get referenced too much, as Greenblatt basically openly describes how he obtained over 50 percent returns for 10 years at his firm.[/quote]
You already proclaimed yourself to be a stock trading genius, so why did you need to read it?
Oh, maybe you were a genius [B][I]after[/I][/B] you read it. :laugh:"
Fluidollar said: "[QUOTE=JAP]You already proclaimed yourself to be a stock trading genius, so why did you need to read it?
Oh, maybe you were a genius [B][I]after[/I][/B] you read it. :laugh:[/QUOTE]
What are you talking about whend i say i was a genius..."
Vesuve said: "I've read quite a few investment books.
My all-time favorite is:
[i]The Little Book of Common Sense Investing[/i] by John C. Bogle, the founder of the Vanguard index funds.
(The above doesn't focus on stocks, but index mutual funds.)
Now I am just starting [i]Unconventional Success[/i] by David F. Swenson"
sax1 said: "One of my favorite books is The Money Game by Adam Smith."
ratAphooey said: "I like the Peter Lynch books for concise info."
Corey said: "The Richest Man in Babylon -- it is my money management bible. After that? The Little Book that Beat the Market does a pretty good job of describing a simple means of scanning for companies based on a fundamental thesis -- which is rare in this day and age. One Up on Wall Street is also spectacular."
lil dickie said: "Yeah, the "Richest Man In Babylon" is very cool. 10% of all you earn is yours to keep.
That book used to be pamphlets that were handed out at banks."
computerjunkie said: "How did you guys forget the classics:
- The Intelligent Investor
- Security Analysis
Both by Ben Graham
(S.A co-author:David Dodd)"
Jorge said: "Real Money by Cramer isn't bad. It was the first investing book I read. Good read for the first timer I think. Mad Money isn't as great as I figured. Couple of good pages here and there but nothing like Real Money. Getting Started in Options by Thomsett isn't a bad read either."
Corey said: "[QUOTE=computerjunkie]How did you guys forget the classics:
- The Intelligent Investor
- Security Analysis
Both by Ben Graham
(S.A co-author:David Dodd)[/QUOTE]
Most people are afraid to talk against the investing canon, but personally I didn't find these books to be that great at all. Value investing in the information age is very, very different than value investing 80 years ago. No company ever sells below book value anymore because too many people have screens to scan for companies like that -- and they get bought up before they are anywhere near 'book value' level. Future cash flow and all that sort of stuff is great when you are Warren Buffet and are BUYING OUT companies (so private equity and venture capitalist firms can still benefit I suppose) -- but I don't think it really applies so much to buying stocks anymore. And the parts that do are said much more eloquently, and much less verbosely, in more modern books."
Tipster said: "[QUOTE=Vesuve]I've read quite a few investment books.
My all-time favorite is:
[i]The Little Book of Common Sense Investing[/i] by John C. Bogle, the founder of the Vanguard index funds.
(The above doesn't focus on stocks, but index mutual funds.)
Now I am just starting [i]Unconventional Success[/i] by David F. Swenson[/QUOTE]
I like this one to."
LongArm said: "[QUOTE=Global Investing 411]First one ever, still a great one!
Wealth without Risk
Charles Givens[/QUOTE]
You mean the Charles Givens who was convicted of fraud? :th_coolio:"
Bob180 said: "One of the first book's that got me thinking about stock evaluations was "Granville's New Strategy of Daily Stock Market Timing for Maximum Profit". 1976."
prohobo said: "These are not stock picking books - but are great books about understanding the market.
[B]The Vandal's Crown[/B], by Millman. This book tells the history of futures and FIAT currencies. A good read now - especially watching our dollar get flushed.
[B]Tug of War[/B], by Erdman. This book is a must read after Vandal's Crown - it explains the collapse of Mexico, Japan, and how currency trading is the core of any economy's health.
[B]Random Walk Down Wall Street [/B]- a generally good book about investing.
[B]Reminiscences of a Stock Operator [/B]- the CLASSIC read for anyone in the market.
Fiction -
[I][B]Zero Coupon
The Setup[/B][/I]
Both by Erdman - if you want a Grisham type story - but in the financial market place - read one of these."
KennyGStocks said: "I know that not too many people like Cramer around here, but I've found that his books offer some good concepts; some better than others. I'm not saying the show is something to live buy as I don't watch it, but his books offer good outlooks.
I'd also have to agree with [I]Richest Man in Babylon [/I]and I also like [I]Think and Grow Rich[/I] for a million-dollar attitude. And even [I]Trumps Think Big and Kick Ass[/I], thats also a good read on the attitude side."
tomtat1 said: "[QUOTE=computerjunkie;51369]How did you guys forget the classics:
- The Intelligent Investor
- Security Analysis
Both by Ben Graham
(S.A co-author:David Dodd)[/QUOTE]
They get my vote too."
william94501 said: "Stock Market For Dummies. This book help me get started."
Bob_sapp said: "Only one---- intelligent investor, and I only read about half of it. Good book, but I think it isn't really that useful for most investors."
augustus said: "[QUOTE=Corey;53642]Most people are afraid to talk against the investing canon, but personally I didn't find these books to be that great at all. Value investing in the information age is very, very different than value investing 80 years ago. No company ever sells below book value anymore because too many people have screens to scan for companies like that -- and they get bought up before they are anywhere near 'book value' level. Future cash flow and all that sort of stuff is great when you are Warren Buffet and are BUYING OUT companies (so private equity and venture capitalist firms can still benefit I suppose) -- but I don't think it really applies so much to buying stocks anymore. And the parts that do are said much more eloquently, and much less verbosely, in more modern books.[/QUOTE]
The margin of safety principle and dealing with market fluctuations and such will always be useful and is the foundation of modern investing."