Recommendations on Investment Books

[Dazza]

Hey there guys, i'd like some recommendations on some books pls, with specifics to ones about SHAREMARKET, trading etc.

while reading thru the NOG pages, i noticed that a few of you guys has reccommended some books, didnt write the names down + authors so yeah. If you could repost here would be good.

I brought my first book
'Shares - 7 ways to beat the market' MARTIN HAWES.

It's a very good first book IMO, prob recommend it to NOCASH aswell to read :D

[zyreon]

anything by Schwager, Elder, Tharp

[Phaedrus]

Dazza,

You obviously haven't looked at the URLs I gave you on the PPG thread. They contain recommendations for many books, both TA and FA. There is even an entire section devoted to this topic.

Hint:- it is entitled "List of Recommended Books".

[Dazza]

im trying to find specific books that people have used and read etc
its kinda hard to buy like a few books out of the big list on sharechat.com

[Dazza]

zyreon,

could u be a bit more specific?
giving me authors names... is a bit --_--
like also title of the book? how was it? which section did u think it was good?
worthwhile buying/reading?!

thanks :D

[zyreon]

if you use msn messenger, message me

[ruethewhirl]

Alan Hull's free online course notes are def. worth a read - especially if you're a beginner.

www.alanhull.com

[Winston001]

Dazza, I get the feeling you've been pointed to some (lots?) of books but want 3 or 4 specific titles. The trouble is that everyone will have different recommendations, and also I suspect that posters expect you to do your own research.

I'd recommend Buffetology as very worthwhile. I thought "7 Ways To Beat...." was useful. Personally I go to my local public library and browse the investment section. As well I have read articles on the net. Sharechat has good stuff by Phaedrus and Snoopy.

Actually one of the most entertaining reads was Warren Buffets annual report for 2001. It was so refreshing and sensible that I sent it to a few friends.

[stephen]

On my shelf and read several times in 2004:

Common Stocks and Uncommon Profits (Fisher)
The Intelligent Investor (Graham)
Value Investing (Greenwald, Kahn, Sonkin and van Biema)

And from the Auckland Public Library:
One Up on Wall St (Lynch)
A Random Walk Down Wall St (Malkin)
A Wonderful Company At A Fair Price (McNiven)

Pretty much all the non-specialist needs to know about value investing in there. I haven't checked out Phaedrus' list but I'm sure he's recommended whatever TA people think is the best.

I recommend trotting down to your library and borrowing books indiscriminately; indeed, reading a bunch of different and contradictory ones. The more the better. Then figure what you agree with, and why, and start planning from there.

Think about it like this. Suppose there's one book - a magic book. Suppose I'm a mug, and I tell you about it. Well then: as soon as word gets around, whatever it says will be worthless. Or suppose this: suppose there's a magic book, and I understand what it says, but you don't. Conditions change, and what the book says doesn't work any more. I can figure why; I can read other books; or maybe by then I'm smart enough to write a book of my own. But you can't, you're high and dry.

So read a lot. It wouldn't hurt to read other hardcore business books either (like When Genius Failed, which is about how the hedge fund Longterm Capital Management went tits-up) just to start thinking critically about businesses. I wouldn't read the rah-rah success ones; I'd read the stories of accident and failure, which might be a bit more objective. And it also wouldn't hurt, if you aren't in business yourself, to make friends with people who are and see what they know.

[stephen]

PS: it's up to you to put the mental spadework in. If you don't, you're going to be vulnerable who are up for it. My favourite Buffet quote:

"If you've been in the poker game for 20 minutes, and you don't know who the patsy is, it's you."

[Dazza]

ive stumbled up to finding books from buffett... and i realise.. he hasnt written any... just others have written about him...

so i did an amazon search n guess what.. there are like 69 books or so?

which do ST posters recoomend?
i notice that buffetology or the warren buffett way is good?
yet there are different editions etc?

suggestions pls :D

[stephen]

Just read his letters and the Owner's Manual at http://www.berkshirehathaway.com/

All the books do is rehash them with some commentary. He is on record as saying that the methods described in the books are not really what he does anyway.

I got about three books on him out of the public library, realised that they were essentially the same book, and that the authors were just trading on his name, and went to the source.

[Placebo]

Sharmarket investing for Dummies.

Or if you can't find that, just read everything written by Duncan MacGregor. [:p]

[zyreon]

Technical analysis from A to Z - Achelis
Technical analysis of stock trends 8th ed. -Edwards and Magee

just arrived at my door today, will let you know what i think of them (after reading)

[rmbbrave]

quote:Originally posted by Dazza

Hey there guys, i'd like some recommendations on some books pls, with specifics to ones about SHAREMARKET, trading etc.

while reading thru the NOG pages, i noticed that a few of you guys has reccommended some books, didnt write the names down + authors so yeah. If you could repost here would be good.

I brought my first book
'Shares - 7 ways to beat the market' MARTIN HAWES.

It's a very good first book IMO, prob recommend it to NOCASH aswell to read :D




2 other good books are "Making money on the NZ sharemarket" by Newman and Briggs.

Armchair Tycoon by Malcolm Stacy which is neither FA nor TA but trading based on psycology.

[Westie]

Hi Dazza,

If you want more info on warren buffett then i'd start with "Buffett: Making of an American Capitalist" by Lowenstein
It isn't a book on investing per se but it will give you a background and frame of reference for understanding most of the other books you'll read on Buffett.

I'd then look at something like "how to pick stocks like warren buffett" by Timothy Vick or "the warren buffett way". I found the book by Vick to have a lot of sage advice about value investing in addition to looking at some of Buffett's buys and valuation methodologies.

Buffett himself likes the book on his managers "the warren buffett CEO".

Of course, his shareholder letters are some of the best reading you'll find on investing. Read them at berkshire's website and save yourself buying "warren buffett speaks" or other books culled from his shareholder letters. There is also a free online book organizing parts of his shareholder letters under various headings. I'll see if i can find the link.

[Dough Boy]

Hi Dazza,

As for recommended books the following are must reads and should be on any investor's shelf:

'The Intelligent Investor' by Bejamin Graham ('the original value investor' absolutely should be read)

'Common Socks and Uncommon Profits and other writings' by Philp A. Fisher (very good but a bit of a sad read)

'Buffettology' by Mary Buffett (very good for current best practice for value investing today)

'The Interpretation of Finacial Statements' by Bengamin Graham (very good and to the point)

'Security Analysis' by Graham & Dodd (very good but very long)

'The Alchemy of Finance' by George Soros (very good but difficult to read in places however his boom bust theory is a must read)

'2005 Investment Year Book' by IRG (very good for round up of the year's equity markets and securities)

[bransm]

Hi guys,..after a fruitless search on google,does anyone know of boos on warrants?....its a whole new area for me and I would like something i can refer to offen...

Thank's in advance for your time and ideas...

Bryan

[Deev8]

The two most valuable books on my bookshelf:

'The Intelligent Investor' by Bejamin Graham
'Contrarian Investment Strategies: The Next Generation' by David Dreman

[bransm]

Morning,
Sooo, theres no recommendations for books on warrantys?..or any good sites?...most I've been too just give a brief mention on them,with no in depth understanding (well from my point of view)

Just would like to know more about this area,so any help will be good.
Thanks again

Bryan

[trackers]

Reminiscences of a Stock Operator by Edwin Lefevre is a fantastic book about the ups and downs of the famous Jesse Livermore, who day traded his way from nothing to one of the richest persons in the world and back down again, several times; If you're a day trader, or have similar tendencies read this!

As to warrants, not sure sorry :(