Suggested reading: over 10 Trading & Stock Market books we enjoyed

In no specific order…

The Intelligent Investor

Since its original publication in 1949, Benjamin Graham’s book has remained the most respected guide to investing, due to his timeless philosophy of ‘value investing’, which helps protect investors against areas of possible substantial error and teaches them to develop long–term strategies with which they will be comfortable down the road. Get it on takealot.

One Up on Wall Street

Peter Lynch is America’s number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research. Now, in a new introduction written specifically for this edition of “One Up on Wall Street”, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of 20 winning companies of high-tech ’90s. Available on takealot.

The Richest Man in Babylon

What can a book written in the 1920s tell modern investors about their finances? A whole lot if it’s George Clason’s delightful set of parables that explain the basics of money. Based on the famous “Babylonian principles,” it’s been hailed as the greatest of all inspirational works on the subject of thrift and financial planning. Available on takealot.

The Millionaire Next Door

The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. By Thomas Stanley, William Danko and available on takelot.

A Mathematician Plays the Market

With accustomed humor and apt examples, Paulos tackles complex computations that are vaguely understood and frequently misapplied by Wall Street pros. Is it efficient? Is it rational? Does technical or fundamental analysis hold value? How can you quantify risk? The most common scams? Network theory, psychology & investor behavior? Can you really outperform the indexes? Would mathematics help you beat the odds? Get it on takealot.

The Quants

By Scott Patterson. Inspired by the ‘Godfather of Quants’ – maths-professor-turned-gambler Ed Thorp, who began applying skills learned at the Vegas tables to the financial markets back in the 1950s – the quants achieved extraordinary success and massive wealth. This book charts their rise from obscurity to boom and then to bust, explaining why they were so confident – and how they got it so disastrously wrong. Grab it from takealot.

The Black Swan

By Nassim Nicholas Taleb. What have the invention of the wheel, Pompeii, the Wall Street Crash, Harry Potter and the internet got in common? Why are all forecasters con-artists? And, what can Catherine the Great’s lovers tell us about probability? This book shows us how to stop trying to predict everything and take advantage of uncertainty. From takelot.

Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets. Everyone wants to succeed in life. But what causes some of us to be more successful than others? We hear an entrepreneur has ‘vision’ or a trader is ‘talented’, but often their performance is down to chance rather than skill. It is only because we fail to understand probability that we continue to believe events are non-random, finding reasons where none exist. Another one by Nassim Taleb, on takealot.

Liar’s Poker

From mere trainee, to triumphal Big Swinging Dick: that was Michael Lewis’ pell-mell progress through the dealing rooms of Salomon Brothers in New York and London during the heady mid-1980s when they were probably the world’s most powerful and profitable merchant bank. This is a tale of greed and ambition set in an obsessed, enclosed world. From takealot.

Trading in the Zone

Mark Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and teaches traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the “probabilities” of market movement that governs all market speculation. On takealot.

The Original Turtle Trading Rules

In mid-1983 famous commodities trader Richard Dennis was having an ongoing dispute with his long-time friend Bill Eckhardt about whether great traders were born or made. In order to settle the matter, Dennis suggested that they recruit and train some traders and give them actual accounts to trade to see which one of them was correct. The Turtles became the most famous experiment in trading history because over the next four years, they earned an aggregate sum of over $100 million dollars. Free download.

Phantom of the Pits

This is not a book in traditional sense, but a interview with a pit trader who wanted to be called Phantom. Narrated by Art Simpson. He has been trading for 30+ years and now wants to give back to other traders on his view on what is a better way to trade, especially for small traders. He covers, Trading Aspects, Entries, Daytrading, Market conditions and says ‘The market is not always correct’. Free download, also on google.

Rogue Trader

Nick Leeson’s autobiographical account reveals how he ‘lost’ GBP800 millions as General Manager of Baring Futures Singapore through foolhardy speculations on behalf of his employer, Barings Brothers – the world’s first merchant bank. As Leeson’s audacity escalated, so did his losses. True  story of a man shaped by events that proved beyond his control. Made into the 1998 movie. And book on takealot.

The Wolf of Wall Street

Stock market multimillionaire at 26 and Federal convict at 36. Jordan Belfort partied like a rock star, lived like a King, and barely survived his rise & fall. In the 1990s, this conniving stock-chopper and former kingpin of the notorious investment firm Stratton Oakmont, led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. ‘What separates Jordan’s story from others like it, is the brutal honesty’ – Leonardo DiCaprio. Also on takealot.

And yours?

Let us know which books you have enjoyed by posting below…

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