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- - Reading List (http://archives1.twoplustwo.com/showthread.php?t=144)

How would i start to get in the stock market. where would i begin? What book(s) if any do u recommend? Do's and Dont's. thank for ur help...

My personal opinion...

Read William O'neill and subscribe to Investors Business Daily.

Read books by Elder, Van Tharp, and Douglas for the psychological side, creating a trading plan, expectation, etc.

Read Technical Analysis of Stock Trends by Edwards and MaGee, for a basic foundation in technical analysis.

Read Stock Traders Almanac, for thoughts on Timing the market.

Read thru the threads in this forum!

Beyond that you can expand your reading to how others make $ in the stock market... Books about Warren Buffet, Cramer's books, Market Wizards, Trader Vic, Larry Williams, Bernie Shaeffer, etc.

If you are young with small $, then stick your money into a index fund and then start reading/researching.

If you are looking to trade right away, rather than invest long term, then do your reading first, and add books like The Master Swing Trader by Farley, and Tools and Tactics for the Master Day Trader by Velez and Capra.

A few Personal Finance suggestions...

The Automatic Millionaire by David Bach
Rich Dad Poor Dad by Kiyosaki
The Millionaire Next Door by Stanley & Danko
The Truth about Money by Ric Edelman

Fundamentals:
Damodaran on Valuation : Second Edition

These are for trader-oriented players, not investors per se:

THE CROWD
Gustav LeBon
The semi-ancient foundational classic on the Mass Mind.

HOW I MADE 2 MILLION IN THE STOCK MARKET
Nicolas Darvas
Classic lessons on trend-trading breakouts, plus many other valuable insights. He's lucky he did not get caught putting it all on "red".

SUPERPERFORMANCE STOCKS
Richard Love (out of Print)
The classic mentioned by Mark Minervini in his STOCK MARKET WIZARDS interview

MARKET WIZARDS
NEW MARKET WIZARDS
STOCK MARKET WIZARDS
Jack Schwager
Absolute "must" reading.

HOW TO TRADE IN STOCKS
Richard Smitten (Jesse Livermore)
Offers a specific set of methods for trend followers. Obvious mistakes in several places but a classic nonetheless.

REMINISCENCES OF A STOCK OPERATOR
Edwin LeFevre (Livermore)
The trend following classic

TRADING IN THE ZONE
THE DISCIPLINED TRADER
Mark Douglas
Psychology for traders from an individual who went completely bankrupt and came all the way back. These are classics that belong in every trader library.

INTERMARKET ANALYSIS
John Murphy
A recent book with many useful insights about intermarket correlation.

TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS
John Murphy
Classic reference work on TA. Up to date.

INATTENTIONAL BLINDNESS
Arien Mack
There is no perception without attention. Learn it cheap here, or learn it the hard way. Either way you need to get this concept. Highly applicable to poker also.

LINKS
Get a grip on Behavioral Finance before you get in too deep with trading.

The markets are made efficient by traders. Trading requires an "unnatural" set of responses to price events. Learn the common emotion-driven mistakes, and avoid them like the plague. Then learn to take advantage of these repeating patterns of the crowd.

Disposition Effect
http://disposition-effect.behaviouralfinance.net/
Sell your winners and keep your losers. Way to go !!

Illusion of Control
http://illusion-of-control.behaviouralfinance.net/
"The illusion of control is the tendency for human beings to believe they can control or at least influence outcomes which they clearly cannot."
Go ahead-- tell the market what to do.

Prospect Theory
http://prospect-theory.behaviouralfinance.net/
You have profits. Why gamble??

Herding and Lead-Following Crowd Behavior.
http://herding-crowd.behaviouralfinance.net/
Everyone wants validation. Especially when making a financial decision. Stand apart. This one is tricky to execute on.

Contagion
http://contagions.behaviouralfinance.net/
Buy the fear, sell the greed. Easy to explain. Harder to do.
Let's rewind to 1987 and buy stocks after the crash. And hold them.

Robert Shiller
The DEAN of Behavioral Finance. The shaman of financial psychology. The link below is typical of his work. See also IRRATIONAL EXUBERANCE, by Robert Shiller.

Human Behavior and the Efficiency of the Financial System
http://mental-compartments.behaviour...et/Shill98.pdf

Re: Reading List

The books Sniper and Now talk about are for traders. If you want to become an equity investor, here are some good things to get you started:

BOOKS
0. Accounting & Finance Textbooks
You wouldn't want to learn about poker strategy without knowing the ranks of hands and basic probability. You must start with a basic understanding of accounting, which is the language of business.

1. Warren Buffett
a. letters to shareholders available free at www.berkshirehathaway.com
b. or Larry Cunningham has organized them by topic, not chronologically, in a book called The Essays of Warren Buffett (hasn't been revised in a few years though)

2. Benjamin Graham
a. Intelligent Investor
b. Security Analysis

3. Philip Fisher
a. Common Stocks and Uncommon Profits
b. Conservative Investors Sleep Well

4. Peter Lynch
a. One Up on Wall Street
b. Beating the Street

5. Greenblatt
a. You Can Be a Stock Market Genius
b. The Little Book that Beats the Market

6. Other
a. Margin of Safety by Klarman
b. Value Investing by Greenwald et al.
c. Money Masters by John Train

PERIODICALS
1. Outstanding Investor Digest
2. Wall Street Journal
3. Barron's
4. Fortune

OTHER
* The Superinvestors of Graham & Doddsville
* any of the white papers available from Tweedy Browne
* I seem to remember there being good stuff at Columbia's Heilbrunn Center website

(List compiled with assistance from the websites of Mohnish Pabrai, Whitney Tilson, Kaushal Majmudar, and Sandman from fool.com. I'm sure I've left off several books that many investors would consider "must reads," so this post is just my opinion of what beginner investors should read.)

[ QUOTE ]

Fundamentals:
Damodaran on Valuation : Second Edition

[/ QUOTE ]

Backdoor to the Chapters

FWIW, I think Indexing (passive investment in every stock in an index like the S&P 500 or EAFE) is the case to beat. So someone new to investing should start there.

My first choice for books on this subject is:

All About Asset Allocation by Richard A. Ferri

Other choices:

The Only Guide to a Winning Investment Strategy ... by Larry E. Swedroe

The Intelligent Asset Allocator ... by William Bernstein

don't let this thread die, i'm picking up some books and would love more recommendations from newer members.

good looking list, I am going to pick up some of these and read them....thanks

Security analysis

and my favourite How I made 2million in the stock market

Nothing beats getting some experience though (buy different types of stocks and watch how they are traded)

Does anyone have a link to this one?

BOOKS
0. Accounting & Finance Textbooks
You wouldn't want to learn about poker strategy without knowing the ranks of hands and basic probability. You must start with a basic understanding of accounting, which is the language of business.

I am intersted atm in non stock investings and most of the books above are on stocks. Do you have suggestions in this direction?

Which one of the listed above would you suggest to me?