Wednesday, February 16, 2011

Most Valuable Books

This post was created 5 years ago in Feb 2011.
Apr 2017: Updated with 4 books
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In my early investing years, I have devoured many investing books to improve my investing knowledge and to obtain more information so that I can settle down to a suitable style of investing.
Below are the books that I find most valuable.

Psychology
I personally find psychology the most important element in investing.
Investment Psychology Explained by Martin Pring
Trade Your Way to Financial Freedom by Van Tharp
The Winning Investment Habits of Warren Buffett & George Soros by Mark Tier
The Art of Execution by Lee Freeman-Shor  [added in Apr 2017]

Fundamental Investing
These books provide the value investing philosophy, thinking and a bit of tools.
The Intelligent Investor by Benjamin Graham
Common Stocks and Uncommon Profit by Philip Fisher
Value Investing A Balanced Approach by Martin Whitman
The Only Three Questions That Count by Ken Fisher
The Dhandho Investor by Monish Prabrai
Deep Value: Why Activist Investors and Other Contrarians Batter for Control of Losing Corporations by Tobias Carlisle [added in Apr 2017]
Capital Returns by Edward Chancellor  [added in Apr 2017]
Value.able by Roger Montgomery [added in Apr 2017]

Investors’ Stories
I learn a lot from their stories and experiences.
Market Wizards by Jack D Schwager
The New Market Wizards by Jack D Schwager
Stock Market Wizards by Jack D Schwager
John Neff on Investing by John Neff
Your First Million by Dr Michael Leong
The Greatest Trade by Gregory Zuckerman
A Zebra in Lion Country by Ralph Wanger
Investing the Templeton Way by Lauren Templeton and Scott Phillips
The Money Masters by John Train
The New Money Masters by John Train

History
These books provide the reference points to gauge the present stock market.
Devil Take The Hindmost by Edward Chancellor
The Panic of 1907 by Bruner and Carr

General Odds and Quant
These are the general books on odds, probabilities and investing related stuff.
More Than You Know by Michael Mauboussin
Fooled by Randomness by Nassim Taleb
Moneyball by Michael Lewis
What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time by James O'Shaughnessy
Behavioural Investing by James Montier
Against the Gods: The Remarkable Story of Risk by Peter Bernstein
Fortune’s Formula by William Poundstone

1 comment:

Temperament said...

Hi,

"Psychology: I personally find psychology the most important element in investing."
I couldn't agree more.
I think "WB" said it best, "Temperament is more important than high IQ"
I also believe GOD is very fair. If not all doctors, scientists, lawyers, all the "high-eyebrows" will cornered all the markets.
We of the ordinary IQ have no chance at all.
Ha! Ha!