TOP 10 ALL TIME BOOKS FOR STOCK MARKET
DON’T MISS OUT ON THE ALL-TIME BEST RATED BOOKS
Books are always a good source of learning from other’s knowledge. In a field like stock investment, it is important to understand the basics regarding stock trading, as the lack of knowledge can lead to financial losses. It is rumored and often said that Warren Buffet spends 80% of his time reading books!
Check out these best stock market books to enhance your knowledge and wisdom and be asmart investor in the stock market.
1.ONE UP ON WALL STREET – PETER LYNCH
This is a classic for investors who do not aim to turn into the Warren Buffets of the industry.The average investor has plenty of advice to achieve financial success the smart way. It talks about finding the “tenbaggers” -the stocks that appreciate tenfold from the initial investment and eventually a few tenbaggers will turn an average stock portfolio into a star performer. Peter calls out to the each investor and puts faith in each individual’s inane ability and knowledge to show the power of common knowledge (take advantage of what you already know) to predict the stock market to make money in stocks and keep an open mind to new ideas to uncover great investment opportunities.
The book is filled witty remarks and is written in an extremely easy go hunky manner. It’s entertaining and informative, and you’ll be compelled to finish the book as soon as possible. The book though written in an easy manner cannot be considered as a shortcut to easy success. There are no magic formulas to attain riches and homework is always necessary.
Another superb book on stock trading is written by Peter Lynch. The author is one of the successful fund managers who averaged an annual return of 30% for a period of 13 years from 1977 to 1990. The book explains the basics very well and covers all the aspects from planning to trade,stock details and-the long-term investment approach.
2.THE INTELLIGENT INVESTOR – BENJAMIN GRAHAM
Who can deny advice from the greatest investor of the twentieth century and if it is Benjamin Graham, no one can ignore the timeless wisdom that he is going to impart. Graham believed in the philosophy of loss minimization and not profits maximization-a theory which at the instance sounds weird but it the strategy that true investors should follow. This philosophy works for the long term investors who use their research, analyzing and analytical power and years of discipline and experience to make sound investments. The book puts forward a realistic picture of the Wall Street without any form of contortion. Grab this book immediately to attain your financial goals as this book is the Bible of investment for everyone associated with the stock market.
3.THE WARREN BUFFET WAY – ROBERT G. HAGSTROM
This is a good book and you will enjoy some insights into the most successful investor of all times, Mr. Warrant Buffet – the book provided the first look into the strategies that the master uses to pick stocks. The author Robert Hagstrom even goes on to the process of building a superior portfolio, revealing how to profitably manage stocks once you select them.
4.THE LITTILE BOOK THAT BEATS THE MARKET-JOEL GREENBLAT
The book ‘The little book that beats the market’ describes a ‘MAGIC FORMULA’ for selecting stocks. This formula gave brilliant returns when applied by determined and patient investors.
The magic formula given by the author is an efficient way of selecting the stocks. The formula consists of two key factors. They are: Earning yield & Return on Capital. If you consider these two key factors for any stock market before investing, then the result will surely be amazing. Bdw, this formula is also applicable in the Indian stock market.
5.A RANDOM WALK DOWN WALL STREET- BURTON G. MALKEIL
The updated version of this Wall Street classic helps investors understand important stock market concepts including exchange-traded funds (ETFs), emerging market investments, Zlong been established as one of the best book to purchase when starting a portfolio.
6.TRADING TO WIN–ARI KIEV
This top stock-trading book is designed to help traders align their psychological motivations with their trading strategies and goals in order to be a successful investor. A collaborative effort of 5-years between an experienced psychiatrist and a seasoned equity trader, this book explains every aspect of a trader’s psychology and behavioral principles which could help a trader overcome the obstacle and become a disciplined trader.
7.COMMON STOCKS AND UNCOMMON PROFITS – PHILIP A. FISHER
It is one of the finest books covering the practical aspects of stock market investments. Another pioneer in the world of financial analysis, Philip Fisher has outlined his approach on hunting for quality stocks based on their growth potential. The book teaches investors how to analyse the quality of a business and its ability to produce profits.
- HOW TO MAKE MONEY INN STOCKS-WILLIAM O’NEIL
There is nothing much to be written about this book, because its sale and its performance speaks all about it. A national bestseller How to Make Money in Stocks is a seven step guiding reference for minimizing risk and maximizing gains to build generation of wealth for investors.
The book is enlisted with strategies that allow for finding winning stocks before making big price gains. It also provides tips for better investment of money in stocks, mutual funds, and ETFs to maximize gains. But the best deal is that book helps you decode the twenty one mistakes that every investor makes.
The book is a magnum opus and has comprehensive details covered about the stock market.
Neil’s CANSLIM strategy that allowed him to turn into a multi-millionaire is a time proven strategy that demonstrates how the equity (stock) market(s) really work – for the passive, minority, outside investor.
The 80/20 approach invented by Neil talks about the investor achieving 80% success with 20% effort is based on the idea proprietary metrics and tools.
The book is a classic and its trading advice is still relevant in today’s time. This pocket pinch is a must for investors who want to enjoy a great deal of wealth.
9.WHEN TO SELL - JUSTIN MAMIS
The name of the book itself suggests there is ample of things to learn from it.
So, buying it is mandatory if you are looking for the answer to the question when is the right time to sell my stocks.
Mamis spent several years as an “upstairs” Member-Trader for Phelan, Silver, an NYSE specialist firm and therefore he is the perfect mentor for investors looking to invest without the working knowledge of the stock exchange.
Mamis in a very layered fashion discusses the market indicators to understand the correct time for buying and selling, and also explains the trade secrets of the trading floor and how the professionals — the “they” many investors refer to grudgingly — benefit from herd psychology.
This book reveals the psychology of the average investor who prefers to lose but is most likely to win in the race.
Mamis takes minutest details into account and explains meticulously the details of how to sell your stocks to earn a bigger profit and when to sell it short to ensure you prevent yourself from digging a hole in your pocket.
Interestingly, he highlights the idea of the stock market as an ideal place to run through a variety of human emotions. From the thrill of earning money, to the guilt of losing it all, Mamis very truly identifies the human weaknesses and weaves them into this informative piece.
His writing has an ease which reflects his experience and knowledge accumulated over the years. Keep this book handy to use if you are interested in stock picking.
10.MARKET UPDATES-Jack D. Schwager
Trade secrets our always beneficial and if they are from the market wizards, there should not be anything to stop you from making it big in the stock market.
And to achieve that you need to grab a copy of the national best seller Market Wizards. Schwager in a unique format reveals the essential formula which helped the top traders to amass this ton of wealth.
Interestingly, Schwager does not interfere with the words of wisdom of these top traders and allows reader to hear them directly as advises that should shape their own bright future.
The likes of Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin have been interviewed by Schwager to come out with the story of their sensational trading coups.
Despite the differences in each trader’s market area and approach, the themes remain consistent.
The book is noteworthy of keeping it in your library not because of the trading patterns revealed or the techniques that are sure to work out but because it throughout tries to instill in the reader the idea that each and every trader will have to develop their own success path, realize their own follies and move ahead to achieve success in trading.