🧵 Since I started investing, I have read more than 500 investing books. In this thread you can find 10 books that will change your investment career forever.
Oh, no ... more book recommendations. I have three stacks, about 12 inches high each, of books in my backlog. Posts like this just make the stacks bigger and bigger! 😄
Like many retail investors, "One Up On Wall Street" by Peter Lynch was one of the first books I read. I have been tempted to go back and read it again but with my current perspective and mindset versus "I have no idea what I'm doing and this guy from Fidelity kind of looks like Andy Warhol." Maybe that could be New Year's Challenge for the CQ community. Go back to the first book you ever read and read it again! 📚
William Green's book, "Richer Wiser Happier", is a book that ought to be studied and not simply read. Mr. Green has a fantastic reference/resource guide at the end of his book. Going through all that material is probably a 6 month quest at a minimum. That, plus studying the book, will take someone probably a solid year to really get through.
Having too many books to read is a good thing. There's always something you can grab to keep you out of trouble. 😉
Oh, wow! 😮 One book per week! There aren't enough hours in a day for me. 😄 I need to work that goal into my "Goals and Objectives" at work so my manager can cut some time out for me to read in the office. Hmm! I have to think how to phrase that in my performance review. 🤔
52 years? That would take me to 99 and put me in Charlie Munger's league!
I may not be able to squeeze in a book per week and there's no guarantee I'll make it to 99. How about we meet somewhere in the middle?
I promise to always have a book in progress. No down time. 👈
I promise to have a healthy backlog. No shortage of material. 👈
I promise that whenever I do go on to "new light above" that I'll do with a bookmark somewhere in a book and a stack of books waiting for their turn to be read with me. 👈
No. The stock market is distorted by the blind buying and selling of target date funds. Blackrock and Vanguard dominate that market. Search for Mike Green's straightforward explanations of this widely overlooked distortion of stock prices. Price insensitive buy has bestowed trillion dollar market caps. You need to understand the game you are playing and this reading list ignores the impact of passive investing.
Absolutely! Wall Street is a place where a lot of people have a ST mindset. When you want to outperform, you have to do things differently. I know a lot of fund managers who prefer to sound smart above being/investing smart.
Oh, no ... more book recommendations. I have three stacks, about 12 inches high each, of books in my backlog. Posts like this just make the stacks bigger and bigger! 😄
Like many retail investors, "One Up On Wall Street" by Peter Lynch was one of the first books I read. I have been tempted to go back and read it again but with my current perspective and mindset versus "I have no idea what I'm doing and this guy from Fidelity kind of looks like Andy Warhol." Maybe that could be New Year's Challenge for the CQ community. Go back to the first book you ever read and read it again! 📚
William Green's book, "Richer Wiser Happier", is a book that ought to be studied and not simply read. Mr. Green has a fantastic reference/resource guide at the end of his book. Going through all that material is probably a 6 month quest at a minimum. That, plus studying the book, will take someone probably a solid year to really get through.
Having too many books to read is a good thing. There's always something you can grab to keep you out of trouble. 😉
My goal: 52 books per year for the next 52 years.
Please join me in this contest! :)
Oh, wow! 😮 One book per week! There aren't enough hours in a day for me. 😄 I need to work that goal into my "Goals and Objectives" at work so my manager can cut some time out for me to read in the office. Hmm! I have to think how to phrase that in my performance review. 🤔
52 years? That would take me to 99 and put me in Charlie Munger's league!
I may not be able to squeeze in a book per week and there's no guarantee I'll make it to 99. How about we meet somewhere in the middle?
I promise to always have a book in progress. No down time. 👈
I promise to have a healthy backlog. No shortage of material. 👈
I promise that whenever I do go on to "new light above" that I'll do with a bookmark somewhere in a book and a stack of books waiting for their turn to be read with me. 👈
Excellent list!
Thank you. The best is yet to come!
Great list!
Thanks for sharing!
Thank you, Trillo!
No. The stock market is distorted by the blind buying and selling of target date funds. Blackrock and Vanguard dominate that market. Search for Mike Green's straightforward explanations of this widely overlooked distortion of stock prices. Price insensitive buy has bestowed trillion dollar market caps. You need to understand the game you are playing and this reading list ignores the impact of passive investing.
Absolutely! Wall Street is a place where a lot of people have a ST mindset. When you want to outperform, you have to do things differently. I know a lot of fund managers who prefer to sound smart above being/investing smart.
At this point, picking stocks is the same as running with scissors.
I kinda agree to your point.. but, is there any in depth study on this, and how to "play" this "distortion of stock prices" well. Just curious.
See Mike Green's funds for strategic alternatives. Bad things happen to stock picking lemmings
I enjoy your letters but think that you've read a lot if misguided books.