12 February 2012 15:00

11 Interesting Investment books

Become a better investor by reading quality books about investing and the stock market. While some books provide you with all the important information you need to become a more intelligent investor, others are fantastic tales about the life within the market and persons involved. 

EuroInvestor has listed up few of the most classic literature regarding investing, trading and the stock market in general. All of which deserve a spot on the bookshelf of any stock enthusiastic. There are numerous of fantastic books out there and for those who think the selection is overwhelming, the following list contains some of our favorites. -Enjoy! 

All_Books

 (The list is in no specific order)

1. The Intelligent Investor: The Definitive Book on Value Investing.
-by Benjamin Graham

 

1

"By far the best book on investing ever written"
- Warren Buffett

 

If you are only to read one book about investments, read this one.

 

Originally published in 1949 by the father of value investing Benjamin Graham, which was one of the greatest investment advisors of the 20th century. In this book he introduces his philosophy of 'value investing' -protecting investors from substantial losses and teaching them to develop long-term strategies.

 

Graham presents two types of investment styles; the 'defensive' and 'enterprising' investor. Over the years, market development has proven the wisdom of Graham's strategies which has made theIntelligent Investorthe stock market bible ever since its original publication.

 

2. How to Make Money in Stocks:A Winning System in Good Times and Bad
-by William J. O'Neil

 

2

"How to Make Money in Stocks is a classic. Any investor serious about making money in the market ought to read it."
- Larry Kudlow, Host of CNBC's The Kudlow Report

 

You don't have to be a business school graduate, lifelong professional investment analyst or a billionaire to be a successful investor. If you follow common sense and time-tested principles, you can build capital for your retirement, mortgages or whatever your need to meet your goals. This book provides you with guidelines on how to do that.

 

In this book, William O'Neil provides his powerful investing system CAN SLIM. This system is a proven 7-step process for minimizing risk and maximizing gains and has influenced generations of investors.

 

In a study by the American Association of Individual Investors (AAII), CAN SLIM Investing System ranked #1 among all investment strategies.

 

3. One Up on Wall Street: How To Use What You Already Know To Make Money In The Market
-By Peter Lynch

 

3

 "Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research"
-Peter Lynch's mantra

 

Peter Lynch reveals how he achieved his spectacular record as the former multibillion-dollar fund manager of Fidelity Investments. Lynch offers easy-to-follow directions for sorting out good stocks from bad by reviewing a company's financial statements and by identifying what numbers actually count.

 

Lynch promises that if you ignore the short-term trends of the market and follow his advice, in the long term your portfolio will reward you. His advice has proved to be timeless and has madeOne Up on Wall Streeta #1 bestseller worldwide.

 

4. The Black Swan:The Impact of the Highly Improbable
-by Nassim Nicholas Taleb

 

4

"The Black Swan changed my view of how the world works."

-Daniel Kahneman, Nobel laureate

 

In this book, Nassim Taleb, writes about Black Swans, which are certain kinds of rare and unpredictable events (outliers) and how people have tendency to find simplistic explanations to reasoning for those events.

 

For years, Taleb has studied how we fool ourselves into thinking that we know more than we actually do. People restrict its thinking to the irrelevant and unimportant, while large and critical events continue to shape our world.

 

Taleb states that part of the answer for 'why we do not acknowledge the phenomenon of black swans until after they occur?' are that people are hardwired into learning specifics when we should be focusing on generalities. We concentrate on things that we already know; time and time again we fail to take into consideration what we don't know.

 

This book offers simple tips for dealing with black swans and how to benefit from them. Taleb is a very entertaining writer that has quite unusual stories to tell.

 

5. Liar's Poker:Rising Through the Wreckage on Wall Street
-by Michael Lewis

 

5

 

"If you thought Gordon Gekko of Wall Street movie was an implausibly corrupt piece of fiction, see how you like the real thing. This rip-the-lid-off account of the bond-dealing  brouhaha is the work of a real-life bond salesman"
                                           -The Sunday Times

 

Michael Lewis tells incredibly funny and well written tale about the life in Salomon Brothers in London and New York in 1980s, which was at the time the world´s most powerful and profitable merchant bank.

 

Liar's poker defines the hysterical greed and ambition where big swinging dicks (big time bond salesmen) rules this enclosed world.

 

"Funny, frightening, breathless and heartless."

6. Reminiscences of a Stock Operator
-by Edwin Lefèvre

 6

"It is a textbook for trading. I hand a copy to every new trader we have."
-Paul Tudor Jones, a hedge fund manager 

"Every serious investor should read and re-read the classic Reminiscences of a Stock Operator, especially if you had trouble in the 2000 or 2008 market."
-William J. O′Neil, author of How to Make Money in Stocks 

 

One of the top investment classics of all time.Reminiscences of a Stock Operatoris a novel (or disguised biography) that has inspired numerous investors with the experiences of Jesse Livermore, by many said one of the greatest traders of all time. This timeless insights and wisdom on his ideology and profound analyses can be applied to understand and profit in today′s markets, as successfully as it did then.

 

Jesse Livermore succeeded and failed in the stock and commodity markets during the early 20th century, at one point making a  profit of ten million dollars in one month's trading-an astonishing amount at that time. This story offers insights into the motivations, attitudes, fears, and aspirations shared by every investor and trader. Reminiscences of a Stock Operator is among the most compelling and enduring books ever written on the financial markets.

7. Irrational Exuberance
-by Robert J. Shiller

 

7 

"Irrational Exuberance should be compulsory reading for anybody interested in Wall Street or financially exposed to it; at the moment, that would be roughly everybody in the United States"
- Economist 

 

This book, written by a Yale University professor Robert Shiller, is named after Alan Greenspan's famous quote "irrational exuberance". The book demonstrates how the stock market was overvalued at the time of the IT bubble in the 2000s and covers the reasoning for it. Shiller proved right as the stock market peaked on the very month of the book's publication, and consequently collapsed dramatically.

 

As unbelievable as it sounds, the second and updated edition was published in 2005 that includes newly reflected concerns about the housing bubble. Shiller warns that the real estate bubble in the U.S. might soon burst and proved very right again as the global economic crisis in 2008-2009 was essentially tipped off by the bust of the subprime mortgage bubble, or the "housing bubble".

 

If this is not good enough reason to read his work, then you either do not care that much about recent financial history or have already read everything about the consequences of market's animal spirit.

 

8. When Genius Failed: The Rise and Fall of Long-Term Capital Management
-by Roger Lowenstein

 

 8

"Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris"
-Business week

  

Roger Lowenstein tells a story about a high-ambitious hedge fund funded in 1994 called Long Term Capital Management (LTCM). The fund was controlled by financial geniuses that believed that they could beat the market and, like alchemist, create limitless wealth for themselves and their partners.

 

LTCM gained high profits with high leverage by using 'market-neutral'strategy that was designed to make money whether prices were rising or falling.Their strategy turned out not so risk-neutral, with the fund collapsing with a staggering loss of $4.6 Billion in 1998.

 

"It's a tale of vivid characters, overweening ambition and perilous drama brilliantly told by Lowenstein."

9. Come Into My Trading Room: A Complete Guide to Trading
-by Alexander Elder

 

9

 

"How long will it take you to become a competent trader and how much will it cost?" 

"What markets should you trade and how much can you expect to make?" 

"What rules should you set, what methods should you use, how should you split your trading capital?"

 If these questions interest you, this is the right book for you

 

The trading bible for the new millennium.

 

Come Into My Trading Roomis a comprehensive trading guide that provides complete introduction to the essentials of successful trading. It educates the novice investor and furthermore can support a professional investor to successfully trade stocks, currencies and derivatives.

 

Dr. Alexander Elder, a professional trader and technical analysis expert, builds this guide on what he refers to as the three M's (Mind, Method & Money), that helps you manage your money and time and exit with profits.

 

This guide offers practical overview, market psychology experience and a step-by-step guide to the key areas of trading.

 

10. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System
-by Andrew Ross Sorkin

 

 10

"Has all the drama of a Hollywood movie"


-Daily Telegraph

A brilliantly reported real-life thriller that goes behind the scenes of the recent financial crisis. Andrew Ross Sorkin, a NY Times columnist and well respected financial reporter, delivers a definitive narration of the economic crisis that brought the world to the brink in 2008.

 

With Sorkin's extraordinary access to the main players involved he re-creates all the drama and turmoil of these turbulent days, revealing unique details on what really happened. This is a story about how the most powerful men and women within finance and politics decided the fate of the world's economy, driven by ego, greed, fear and self-preservation.

 

11. The PostCatastrophe Economy: Rebuilding after the great collapse of 2008
-by Eric Janszen

 

11

 

"Unlike the many 'told you so' books of the past year, Eric Janszen takes a hard look at the foundations of the Great Recession of 2009, explaining why gold prices rose, why the U.S. dollar is safer than we think, and why houses make terrible investments. And rather than suggesting another round of post-hoc regulation, Janszen points the way towards a sustainable future in infrastructure investment. Janszen has the goods."
                                 -Scott Reynolds Nelson, Professor 

 

The highly popular financial analyst and funder of the global online community iTulip, Inc., suggest solutions on how we should steer out of the current economic crisis.

 

Why should you listen to him? One reason might be because he predicted the last two bubble bursts and warned investors while others were riding the wave all the way.

 

In this book Janszen argues why the debt-driven economy will only drive us further down and kill many good business that produce "real products". Fiscal stimulus will not get us out of this current problem and suggests intensified production in several infrastructures that will get people back to work, lower U.S. debt and increase efficiency.

 

This book can easily be read by people with no experience in economics or investing, still they would get it and have great fun.

 

 

Comments

#1 | Wednesday 25 Dec (05:51)
I have been reading out some of your articles and i can state pretty nice stuff. I will definitely bookmark your site limo to sfo.
#2 | Tuesday 18 Mar (06:23)
Good one. I actually read Andrew Ross Sorkin's “Too Big To Fail”. The author has perfectly shown very interesting behind-the-scenes scenario of the people within government and finance. I’m happy to know more about the Investment books. Thank you so much for sharing.
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#5 | Saturday 4 Oct (08:44)
It is one of the best article to read knowledge will increase.This 11 Interesting Investment books provide you with all the important information you need to become a more intelligent investor I am very impressed with your article writings. buy uk assignment online
#6 | Monday 3 Nov (15:10)
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Thanks for everything guys!
#8 | Friday 19 Dec (08:46)
a nice list of books. Thank you for sharing. evinomia , estonia , infoterbaru and boxmotor

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