To be a successful investor, intense reading is important, especially since there is just too much of misinformation and myth floating about investing. Here is what Charlie Munger, partner on Warren Buffett, says about the importance on reading:
"In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero... You'd be amazed at how much Warren reads -- at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out." - 9 May 2003
In all our seminars and also through emails we are asked what are the right books to read. Here is what we recommend. Please also keep reading the book section of Moneylife for the finest Indian reviews on market and other books.
Concepts
Black Swan - Nassim Taleb
Fooled By Randomness - Nassim Taleb
A Random Walk Down Wall Street - Burton Malkiel
Stocks for the Long Run - Jeremy Siegel
The Intelligent Investor - Benjamin Graham
Practical Speculation - Victor Niederhoffer
Four Pillars of Investing - Dr William Bernstein
More Than You Know - Michel Mauboussin
Practice
Where Are The Customer's Yachts? - Fred Schwed Jr.
Contrarian Investment Strategies - David Dreman
A History of Interest Rates - Sidney Homer and Richard Eugene Sylla
Irrational Exuberance - Robert J. Shiller
What Works on Wall Street - James O'Shaughnessy
Common Sense on Mutual Funds - John C. Bogle
Stock Market Logic - Norman Fosback
The Little Book that Beats the Market - Joel Greenblatt
Active Value Investing - Vitaly Katsenelson
Technical Analysis
Technical Analysis Explained - Martin Pring
Encyclopaedia of Chart Patterns - Tom Bulkowski
Behavioural Finance
Your Money and Your Brain - Jason Zweig
Markets, Mobs & Mayhem - Robert Menschel
Winning the Loser's Game - Charles D. Ellis
The Winner's Curse - Richard Thaler
Why Smart People Make Big Money Mistakes and How to Correct Them - Gary Belsky and Thomas Gilovich
Crowd. A Study of the Popular Mind - Gustave Le Bon
Psychology and the Stock Market - David Dreman
Personalities
No Bull: My Life In and Out of Markets - Michael Stienhardt
Market Wizards - Jack Schwager
New Market Wizards - Jack Schwager
Stock Market Wizards - Jack Schwager
The Mind of Wall Street - Leon Levy
Education of a speculator - Victor Niederhoffer
Reminiscences Of A Stock Operator - Edwin Lefevre
History
Only Yesterday - Frederick Lewis Allen
Devil Take the Hindmost - Edward Chancellor
The Money Game - Adam Smith
The Go-Go Years - John Brooks
Manias, Panics and Crashes - Charles Kindleberger
Against the Gods - Peter L. Bernstein
Capital Ideas - Peter L. Bernstein
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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