These are my favs, ranked in order of how much of a fav they are–whether enjoyment or education-wise. You can see my whole 300 business library HERE (or at least what we’ve put up so far)
Notice there are few “How To” books—I believe success is more about understanding the variables and players behind the scenes so you can adapt to the inevitable changes. So, I prefer autobiographies—experiences full of lessons told through the eyes of the experienced who’ve learned those lessons the hard way so you don’t have. Throw in a few financial history classics and some trading psychology gems and you’ve got yourself one hell of a financial education. Just order the whole lot of ‘em, the cost of these books are a small price to pay for the money they’re gonna save you in the markets.
[HTML2] – My all-time favorite book, not just because it’s quick, entertaining, meaningful, practical, inspirational and timeless…okay well, yeah because of all that. Before you ever trade another stock, read this book!
[HTML3]An American Hedge Fund – C’mon, you knew I had to mention this if only because I’ve never read any other book so many times. Granted, some of that was for editing purposes, but I really think I nailed what the life of a stock trader is like—the passion, the nervousness, the anxiety, the restlessness—it’s not just about the money, it’s a great profession for those willing to challenge themselves and see what they’re made of. And, considering 90% of traders lose money, I wish there were a lot more brutally honest books like this.
[HTML4] – My top pick for beginners, this sucker has sold 1+ million copies…besides CANSLIM investing being a successful strategy, it’s now just all one big self-fulfilling prophecy—don’t be the only one on the block who hasn’t read this…lots of angles to profit from its popularity.
[HTML5] – by Nison. If you’re gonna trade based on chart patterns, you need to know how to read candlesticks. This is a semi-expensive book so all you homeless people are gonna have to go to your local library to read it.
[HTML6] – As I tell every group I speak to, this is the book that saved me from the market crash in 2000. Now a few centuries old, its lessons are timeless and if you ever want a job on Wall Street, it’s a great book to name drop.
[HTML7] by Darvas – Another classic investing strategy, now several decades old, that turned a regular guy into a millionaire. Again, the lessons are timeless (notice any pattern?) and his technique still works to this day. I wish I had that kind of patience…
[HTML8] – The book that launched Cramer the brand and inspired me to write so openly about my experiences. Solid lessons here. After all, you’re not gonna find many similarly revealing books these days—there’s just too much money in sugarcoating everything, as you probly already know if you’ve read many finance books over the past few years. Cramer’s definitely gone mainstream now, but back when he wrote this, he was a wild and crazy guy!
[HTML9] – If you’ve ever wondered about trading psychology and how fear and perception play into everything, this is the book for you. Very little known—thankfully—I guarantee you’ll be shocked at how important behavioral finance is.
Part 2 Is Up and other lists like books for beginners are coming in the coming weeks!
Posted in Book Reviews, Books, Cool Products, TIMreads