Andrew Lokenauth | TheFinanceNewsletter.com
Andrew Lokenauth | TheFinanceNewsletter.com

@FluentInFinance

21 Tweets 17 reads Sep 08, 2022
I've read 100+ books in my career, and I've learned more from these 13 books than my finance degree.
Here are 13 books that will make you a better investor:
These books offer a few different approaches to the stock market.
Different investment styles will help educate you on making successful long term investments, minimize risk, and analyze stocks more accurately.
All of these books can be purchased used very cheaply ($1 to $5)!
The biggest obstacle for beginner investors is knowing how to get started.
Learning about financial concepts can be intimidating at first.
A great way to start, is by picking up a book by an expert who thoughtfully and sequentially presents & explains these concepts & topics.
1. How to Make Money in Stocks by William O'Neil
2. The Little Book That Still Beats the Market by Joel Greenblatt
3. A Random Walk Down Wall Street by Burton G. Malkiel
4. Principles by Ray Dalio
5. One Up On Wall Street by Peter Lynch
6. The Big Secret for the Small Investor by Joel Greenblatt
7. Winning on Wall Street by Martin Zweig
8. Irrational Exuberance by Robert Shiller
9. The Bogleheads' Guide to Investing
10. Common Sense Investing by John Bogle
11. The Intelligent Investorby Benjamin Graham
12. The Only Investment Guide You'll Ever Need by Andrew Tobias
13. You Can Be a Stock Market Genius by Joel Greenblatt
Now let's discuss each book:
How to Make Money in Stocks is about growth investing.
O'Neil explains what successful stocks have done to be successful.
He explains his 'CANSLIM' method, an acronym for 7 fundamental criteria to pick stocks.
An 8 year study showed CAN SLIM with a 860% return from 1998-2005
The Little Book That Still Beats the Market by Joel Greenblatt
The idea of this book is to buy undervalued good businesses and hold them long-term, which will eventually beat the market index.
A Random Walk Down Wall Street by Burton G. Malkiel
This book covers investment bubbles, fundamental vs. technical analysis, modern portfolio theory, index funds, etc.
Principles by Ray Dalio
This book provides the insights from one of the biggest hedge fund managers of all time, and I think there are many great lessons to learn in this book!
One Up On Wall Street by Peter Lynch
This book emphasizes the advantages that individual investors hold over institutional investors (when it comes to finding investment opportunities). Lynch also gives many of examples of mistakes he has made, and how he has learned from them.
The Big Secret for the Small Investor by Joel Greenblatt
Greenblatt explains why index funds can be better than actively managed funds. The big secret is maintaining a long term perspective!
Winning on Wall Street by Martin Zweig
Zweig's success came from his ability to predict the bigger picture ( trends in the market).
The combination of his stock picking skill, market understanding and market timing, made him one of the great investors of stock market history.
Zweig was more interested in growth than value.
Unlike Buffett, Zweig isn't a 'buy and hold' investor. An AAII 8 year study of strategies showed Zwieg's returning 1,659.3% from 1998-2005. He was #1 out of 56 others, including Buffett, Lynch, Fisher, O'Neal's CAN SLIM
Irrational Exuberance by Robert Shiller
Shiller makes strong argument that perfect market theory is flawed.
The Idea of perfect market theory is basically that the markets are all knowing and completely rational, and in the long run can't be beat.
Bogleheads' Guide to Investing
The key concepts of this book are risk tolerance, asset allocation, a balanced portfolio, tax efficiency & cash management
This book explains many of the pitfalls of investing, and about investing in low-fee index funds and holding them long-term
Common Sense Investing by John Bogle
Great information for anyone who is trying to make sense of personal finance & basic investments.
This book explains why passive investing is a worry free, long-term strategy that consistently wins over time
The Intelligent Investor by Benjamin Graham
This is a great book for anyone who is interested in introducing themselves into the world of investing, or wants to get better at investing.
This book gives valuable information to help one understand the basics of value investing.
The Only Investment Guide You'll Ever Need by Andrew Tobias
This is a book for people looking to learn the basics of investing and saving money.
You Can Be a Stock Market Genius by Joel Greenblatt
This is not a book for beginners. Greenblatt gives a nice exposition of some more "special situation" investment styles & areas of equity investments (mergers, spin-offs, rights offerings, etc.)
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