Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
This is the book that started it all! It is a great book for beginners. This is a value investor book in the Graham and Buffet vein.
Benefits:
- Explains how to read a balance sheet
- Explains how to calculate value
- Shows how to see if Big Money is moving in and out of a stock.
Stan Weinstein's Secrets For Profiting in Bull and Bear Markets
Once I got past the goofy jacket cover, I devoured this book!!! Love it. This blog is based on the principles in Stan's book which is still very relevant today. Stan outlines the concept of Stage Analysis which is the idea that there are 4 distinct stages in any market. Stage 1 - Base, Stage 2 - Advancing, Stage 3 - The Top and Stage 4 - Decline. Using the concepts outlined here, I got out of the market drop before it started. Well written and provides plenty of detail on how to get in and out of markets.
Benefits:
- Explains Stage Analysis in detail
- Provides Broad Market Analysis
- Explains when to Buy and Sell Stocks
- Tons of examples with charts
- Checklists
The Little Book of Market Wizards: Lessons from the Greatest Traders
Jack Schwager is well known for his series on market wizards. He interviews successful traders from all investment styles. I like this Little Book written by him a lot. It distills the best tips into a very readable book.
Benefits:
- Advice is universal regardless of the style or type of investing you want to use
- Down to earth, timeless concepts
- Explains Risk Management very well
- I was able to distill a checklist of things to watch out for in my Behavior when investing.
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