Stocks & Investing Book/Education Thread

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  1. #1
    av1atic is offline Member
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    Default Stocks & Investing Book/Education Thread

    Hey guys, over the last year and a half i've spent a large amount of time learning economics and finance; specifically equities/investing, since it's what I will pursue as a career. I just thought to share some of my favorite and most helpful books and other various resources I've read thus far and that I feel could effectively guide anyone else looking to enter this industry. This list contains just a fraction of what else is out there to learn, but hopefully we can keep the thread going with useful information for everyone to benefit from. Almost all of these books were picked up for less than $10 (many of which were 1 cent+3.99 shipping) and rank highest on the reading lists of some of the top names in the business. Just copy and paste the titles and the first search result will most likely be amazon.

    A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

    Bull!: A History of the Boom, 1982-1999: What drove the Breakneck Market and What Every Investor Needs to Know About Financial Cycles

    Bulls Make Money, Bears Make Money, Pigs Get Slaughtered

    Buffett: The Making of an American Capitalist

    Built to Last

    Common Stocks and Uncommon Profits

    Competition Demystified: A Radically Simplified Approach to Business Strategy

    Competitive Strategy: Techniques for Analyzing Industries and Competitors

    Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

    Currency Wars: The Making of the Next Global Crisis

    Economics in One Lesson

    Extraordinary Popular Delusions

    Fiasco: The Inside Story of a Wall Street Trader

    Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

    Fooling Some of the People All of the Time, A Long Short Story

    Good to Great

    Hedge Fund Market Wizards

    How I made $2,000,000 in the Stock Market

    How an Economy Grows and Why It Crashes

    How to Trade in Stocks

    How to Make Money in Stocks

    In an Uncertain World: Tough Choices from Wall Street to Washington

    Influence: The Psychology of Persuasion

    Irrational Exuberance

    Market Wizards: Interviews With Top Traders

    Margin Of Safety

    Monkey Business: Swinging Through the Wall Street Jungle

    Mr. Market Miscalculates: The Bubble Years and Beyond

    Reminiscences of a Stock Operator

    Security Analysis

    Sell Now! The End of the Housing Bubble

    Soros On Soros: Staying Ahead of the Curve

    Stock Market Wizards

    Ten Roads to Riches (Specifically Chapter 7)

    The Ascent of Money: A Financial History of the World

    The Art of Value Investing

    The Big Short

    The Essays of Warren Buffett

    The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History

    The Intelligent Investor

    The Lessons of History

    The Little Book of Value Investing

    The Money Game

    The New Market Wizards: Conversations with America's Top Traders

    The Outsiders

    The Richest Man in Babylon

    The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

    The Wall Street MBA

    The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

    This Time is Different: Eight Centuries of Financial Folly

    Too Big to Save? How to Fix the U.S Financial System

    Value Investing: From Graham to Buffett and Beyond

    Volker: The Making of a Financial Legend

    What Rich People Know and Desperately Want to Keep Secret

    When Genius Failed

    Where are the Customers' Yachts?

    You Can Be a Stock Market Genius


    More to come!

    Edit 1: Some more useful stuff:

    How the Economic Machine Works video by Ray Dalio

    Fooling Some of the People All of the Time by David Einhorn

    Mike Price lecture at Columbia University 2006

    Edit 2: More books+links

    http://www.opalesque.tv/most-viewed-hedge-fund-videos/

    http://www.forbes.com/sites/agoodman...tter-investor/

    *Again, as a student of finance, i've got a ton to learn and this thread serves as simply a center for investing information from reputable sources and some of my own ideas, not recommendations to others*
    Last edited by av1atic; 12-26-2013 at 03:05 PM.
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    +1 to Influence by Robert Cialdini. It was a great read.
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    av1atic is offline Member
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    added some more books above+links



    Working on a project for my schools investment team i put together, so here's some basic info I've been working on over the past few hours.

    10 sectors of the S&P500 with some strong companies representing each sector:

    energy (chevron CVX, exxon EXOM, conocophillips COP, kinder morgan KMP)

    materials (alcoa AA, ecolab ECL, monsanto MON, sherwin-williams SHW)

    consumer discretionary (amazon AMZN, home depot HD, general motors GM, ford F)

    consumer staples (wal-mart WMT, procter/gamble PG, coca-cola KO, kraft foods KFT)

    financials (wells fargo WFC, american express AXP, u.s bancorp USB)

    healthcare (amgen AMGN, abbott ABT, pfizer PFE, novartis NVS, johnson & johnson JNJ, merck MRK)

    industrials (boeing BA, general electric GE, honeywell HON)

    info technology (apple AAPL, microsoft MSFT, intel INTC, google GOOG, oracle ORCL)

    telecom services (vodafone VOD, at&t T, verizon VZ)

    utilities (southern co SO, edison international EIX, duke energy DUK)

    When to buy these companies is a different discussion entirely, but IMO there's no better option than betting on the nation's (and international) fundamental companies. 2-5% dividends and in the long-run, as history has shown, they can continue to be successful in generating earnings and shareholder value.

    Anyone considering buying mutual funds might want to look into just building a portfolio around some of these companies, as this is what most mutual funds do anyways (and still manage to underperform the market) or an exchange traded fund -ETF- tracking the market (SPY, DIA). You'll save a ton of money in fees and essentially be investing the same way the professionals do.
    Last edited by av1atic; 12-20-2013 at 06:50 AM.
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    I love it, thanks for sharing
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    "Remember who's putting bread on whose table"

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    Waiting for "The Richest Man in Babylon" to arrive from Amazon. Should be a quick and interesting read.
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    +1 to Ascent of Money. All of Ferguson's books are great and I'd suggest you read them all. I'd also suggest reading Black Swan by Nassim Nicholas Taleb (it's way better than Fooled by Randomness).
    Also, Margin of Safety is fantastic (pdfs are online)


    Is value investing what you want to break into?
    Last edited by Capital; 12-25-2013 at 01:46 AM.

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    Quote Originally Posted by Capital View Post
    +1 to Ascent of Money. All of Ferguson's books are great and I'd suggest you read them all. I'd also suggest reading Black Swan by Nassim Nicholas Taleb (it's way better than Fooled by Randomness).
    Also, Margin of Safety is fantastic (pdfs are online)


    Is value investing what you want to break into?
    Thanks for mentioning those books, especially Margin Of Safety! Can't believe I forgot that one, you're absolutely right about it.

    Reading Essays of Warren Buffett corrected my false perception that he's a "value investor". It's more of a combination of growth and value summarized as: understandable companies, good long-term prospects, solid management, and reasonable price. Some valuation metrics definitely come into play as well but taking this kind of simple approach has worked out great so far.

    Quote Originally Posted by McLaren View Post
    Waiting for "The Richest Man in Babylon" to arrive from Amazon. Should be a quick and interesting read.
    I actually didn't read that one, listened to the audiobook instead:

    Last edited by av1atic; 12-25-2013 at 04:43 PM.

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    Quote Originally Posted by av1atic View Post
    Thanks for mentioning those books, especially Margin Of Safety! Can't believe I forgot that one, you're absolutely right about it.

    Reading Essays of Warren Buffett corrected my false perception that he's a "value investor". It's more of a combination of growth and value summarized as: understandable companies, good long-term prospects, solid management, and reasonable price. Some valuation metrics definitely come into play as well but taking this kind of simple approach has worked out great so far.

    http://joekusnan.tumblr.com/ is a great site about value and growth investing. He personally knows Klarman (they're Harvard buddies IIRC), and best of all, he posts really good blogs.
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    Quote Originally Posted by Capital View Post
    Joe Kusnan's Blog is a great site about value and growth investing. He personally knows Klarman (they're Harvard buddies IIRC), and best of all, he posts really good blogs.
    Time to read up, thanks for your input!

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    Last edited by Capital; 12-26-2013 at 12:54 AM.

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