We're back with the third installment of our ongoing Recommended Reading List Series: Investing & Trading Books. Here are the new additions to the list, in no particular order:
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder: Schroeder was hand picked by Buffett to be his biographer and this is the result. Snowball turns you upside-down and inside-out within the world of all things Buffett. I recently read this and enjoyed it immensely.
- The Alchemy of Finance by George Soros: In this book, Soros details his decision making process behind investing in the financial markets. Paul Tudor Jones says this book is, "a timeless instructional guide of the marketplace."
- When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein: This book depicts, as the title suggests, the rise and fall of one of the most profitable bond-trading firms of its time. Fascinating story, especially when you consider what we've seen lately in the markets.
- How To Make Money in Stocks by William J. O'Neil: Although the title may strike you as slightly 'salesman'-ish, this book actually takes you through the well known CANSLIM method of trading; identifying winning stocks and timing entry and exits. It is the essential combination of fundamentals and technicals.
- Fooled by Randomness by Nassim Nicholas Taleb: Love him or hate him, Taleb has plenty of solid insight in this book which details how humans can mistake luck for skill. A great read for traders.
Make sure to check out the prior installments of our ongoing series as well:
