Investing & Trading Books: Recommended Reading List (Part 3) ~ market folly

Friday, January 16, 2009

Investing & Trading Books: Recommended Reading List (Part 3)

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:

  1. 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.
  2. 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."
  3. 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.
  4. 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.
  5. 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:

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