Mid Week Pit Stop #17

RETAIL SALES DROP FOR FIRST TIME IN 5 MONTHS

Quite timely isn't it for Mr. X on last week's post.

Anyway, this post will be a simple post highlighting good books that I have read before. It will be good if you pick up anyone of the following books at the nearest library from your house.

1. Reminiscence Of A Stock Operator. This has to come in first, no doubt. The most interesting financial book you can find.

2. World Greatest Stock Trader - Jesse Livermore by Richard Smitten. Pretty much the same as first book but it touches a little more into Jesse Livermore life after the great depression.

3. How to trade in Stocks by Jesse Livermore. Covers basic stock trading rules and charts used by Jesse Livermore.

4. The Essays of Warren Buffett : Lessons for Corporate America. By Warren Buffett himself. Needless to say anything?

5. Hot Commodities: How Can Anyone Invest Profitably in The World's Best Market by Jim Rogers. Opens up your mind, introduces you to a different asset class. I only read on oil and gold in the book though.

6. The Alchemy Of Finance by George Soros. Honestly speaking, I can't fully understand the book (half maybe?). Boom and bust process is interesting and so is reflectivity.

7. Soros on Soros: Staying Ahead of the Curve. Explains more on reflectivity. Slightly easier to understand (3/4 perhaps). Don't really like his philosophy though.

8. The Intelligent Investor by Benjamin Graham. Just read chapter 8 and chapter 20. You can try reading the rest but I doubt you can read past chapter 5 if you begin from first page.

9. You Can Be a Stock Market Genius by Joel Greenblatt. Read first half of the book about spinoffs and ignore the rest. A personal opinion.

10. The Little Book that Beats The Market by Joel Greenblatt. Short and Simple. Covers two very important concept that is related to Warren Buffett. There are many more "the little book..." around but I like this the most.

11. Stock Market Wizard by Jack Schwager. Very good interviews inside with the top traders in U.S. You will realise the similarities of those traders easily - disciplined. But it gets repetitive afterwards.

12. Beating The Street by Peter Lynch. I forgot the details about this book lol. He has a few more books if I'm not wrong.

13. The Dollar Crisis by Richard Duncan. If you wish to understand the world economy more, read this. Maybe you will think the same way as me afterwards.

14. Greenspan Bubbles by William A Fleckenstein. A small book that speaks like a giant. The truth isn't what you want to see.

15. Common Stocks and Uncommon Profits by Philip Fisher. Some interesting ideas on analysing a company's potential. Pick what you want to read with the content page. I didn't finish this book.

16. Books on technical analysis are pretty much the same. Just pick some thick ones if you are interesting in reading up on technical analysis. I usually skip the indicators part.

17. I'm waiting for this book from my college library, The New Paradigm For Financial Markets: The Credit Crisis of 2008 and What it means by George Soros.


I have read quite a no. of useless books. Do yourself a favour, pick up one of these books and expand your thinking about the stock market.