Realization Station
Invest in yourself, for your future! TIP: eInk smells like nothing!
After reading a few of Robert T. Kiyosaki’s books, like “Rich Dad / Poor Dad” and “Guide to Investing”, I sat back, put my hand to my chin, and thought,
“Hmmmmm… why am I so dull when it comes to knowing about finances? I mean, I friggin’ work on hardware used by astronauts in space, for goodness sakes… why have I convinced myself that money numbers are too hard for me?”
…shortly arriving at the following conclusion:
“How can I afford NOT to look into this field more?”
A Bad Review, A Good Trail
As I searched around for the latest and greatest investing books out there, I stumbled across the only 2 star review on a fancy looking book over at Amazon. The reviewer was a bit harsh, but overall pretty fair and seemed to be pretty knowledgeable about the subject. SOOOO, I decided to ask what he thought a newb, like myself, should do in order to break into this brand-spanking new arena of financial awesomesauce.
I tell you what he proceeded to lay down two lists of some of the fanciest looking books I’ve never heard of before and I tell you I couldn’t have been more thankful. It seemed to be a popular question to answer, that newbie probe of mine, as I received a few more suggestions along the way.
After I left my thanks and regards, I proceeded to do some more research with these new nuggets of monetary literacy.
It Takes WORDS to Make Money
…and off I go through the reviews at Amazon and Goodreads. Sifting, culling, analyzing, applying nifty (but arbitrary) filtering algorithms to my choices… all to narrow down the list of 70 odd books to something a bit more manageable.
TADA! It has been done! A list of 27 potentially financially extraordinary learning tools for you to work off of. I’ve split them up into 3 main sections as some form of guidance (and to [hopefully] cut back on some of the feelings of overwhelming waves of potential knowledge that you may be experiencing!) :)
Start at the “Musts”, work through the “Considers”, and sift around the “Extras”. You’ll need more than one point of view to get a good picture of this financial / investing arena. Get crakin’!
27 Investing Books that will Change Your Life
MUSTS:
- The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham (PS- this is the book Warren Buffett said changed his life!)
- You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt
- Security Analysis: The Classic 1934 Edition by Benjamin Graham (Warren Buffett said this is the “mature” version of “The Intelligent Investor” – i.e. read it when it will make more sense!) [PS – this is old enough, might check for a Public Domain version first]
- The Little Book That Still Beats the Market (Little Books. Big Profits) by Joel Greenblatt
- One Up On Wall Street : How To Use What You Already Know To Make Money In The Market by Peter Lynch
- Value Investing: From Graham to Buffett and Beyond (Wiley Finance) by Bruce C. N. Greenwald
CONSIDERS:
- Fooled by. Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb
- Liar’s Poker: Rising Through the Wreckage on Wall Street by Michael Lewis
- When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
- A Random Walk Down Wall Street by Burton G. Malkiel
- Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein
- Conspiracy of Fools: A True Story by Kurt Eichenwald
- Buffett by Roger Lowenstein (this received 130 5-* ratings @ Amazon.com – crazy!)
EXTRAS:
- The Essays of Warren Buffett: Lessons for Corporate America, Second Edition by Warren Buffett
- The Little Book of Common Sense Investing by John C. Bogle
- The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
- Options, Futures, and Other Derivatives (5th Edition) by John Hull
- Beating the Street by Peter Lynch
- Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor
- Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
- Option Volatility & Pricing: Advanced Trading Strategies and Techniques by Sheldon Natenberg
- The Intelligent Asset Allocator by William J. Bernstein
- The Five Rules for Successful Stock Investing by Pat Dorsey
- The Little Book of Value Investing (Little Books. Big Profits) by Christopher H. Browne
- The Winning Investment Habits of Warren Buffett & George Soros by Warren Buffett
- Reminiscences of a Stock Operator by (1923 – Public Domain version available)
- How to Make Money in Stocks by O’Neil
Thanks for reading! I am an Affliliate with Amazon so the links above help me earn a few pennies if you decide to purchase. Makes sense to let you know!