TRADING & INVESTING STRATEGIES
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INVESTING & TRADING BOOKS
You can learn many of the most powerful ideas from these books quickly here:
Trading and Investing Strategies
Page 1 lists fifteen books which influenced Deepak the most.
See also Fifteen Books
Page 2 lists another fifteen books which are among the most recommended and popular titles on the subject.
Page 3 onward are several other informative books on markets, loosely ordered by subject and author.
Note: When you buy a book by clicking the links provided, we receive fees from Amazon which go towards site maintenance costs. Your buying price remains unaffected.
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Fooled by Randomness
By Nassim Nicholas Taleb
Story, Markets, Trading, Psychology
A brilliant book by Nassim Taleb on philosophy, statistics and finance, full of highly educative examples and anecdotes about the stock market. As the title suggests, the underlying theme is about how people repeatedly make the mistake of interpreting a random event as having a perceived cause.
Wikipedia : Fooled by Randomness
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Stock Market Wizards
By Jack D. Schwager
Story, Markets, Investing, Trading
The third of Jack Schwager's Wizard series provides far more detail into the strategies used by the traders interviewed than the previous two books did.
Interview : Jack Schwager talks about his wizard books
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The (Mis)Behaviour of Markets: A Fractal View of Risk, Ruin and Reward
By Benoit B. Mandelbrot and Richard L. Hudson
Markets
An extraordinary book about stock markets by Benoit B. Mandelbrot, known as the Father of Fractals for his path-breaking work in fractal geometry (he, in fact, coined the word fractal). This book examines several market theories with the author commenting on where they work and fail, besides a simple presentation of evidence that fractals are also found in stock markets.
Wikipedia : Benoit Mandelbrot
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The Little Book of Valuation
By Aswath Damodaran
Investing, Value Investing
A concise book on valuation by Prof Aswath Damodaran - popularly known as the Dean of Valuation due to his expertise in that subject. This is just one of several books he has written, and is a great book for those who are in a hurry to learn the subject.
Wikipedia : Aswath Damodaran
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One Up On Wall Street
By Peter Lynch and John Rothchild
Investing
Peter Lynch is consistently described as a legend by the financial media. He attained fame after his phenomenal record as manager of the Magellan Fund at Fidelity Investments.
His most famous investment principle is invest in what you know popularising the economic concept of local knowledge.
One Up on Wall Street lays out Lynch's investment technique including chapters devoted to stock classifications, the two-minute drill, famous numbers, and designing a portfolio. (Excerpts from Wikipedia).
Wikipedia : Peter Lynch
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Thinking, Fast and Slow
By Daniel Kahneman
Markets, Psychology
Thinking, Fast and Slow is a best-selling book published during 2011 by Nobel Memorial Prize in Economic Sciences laureate Daniel Kahneman. It was the 2012 winner of the National Academies Communication Award for best creative work that helps the public understanding of topics of behavioral science, engineering and medicine (from WIkipedia).
Its relevance for investors is detailed well in the following article in TIME magazine : Nobel Prize-Winning Economist Explains How to Dramatically Improve Your Investment Performance
Wikipedia : Thinking, Fast and Slow
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Stock Market Logic
By Norman G. Fosback
Markets, Trading, Technical Analysis
The book has several price-based "indicators" which can be used to interpret the market's potential. Many of these will not be found in typical technical analysis books.
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How to Make Money in Stocks
By William O'Neil
Investing, Technical Analysis
How to Make Money in Stocks book is considered to be a classic that introduces the CANSLIM strategy for investing, which basically combines price momentum and profit growth (plus a couple of somewhat subjective factors).
The author, William J. O'Neil, is an American entrepreneur, stockbroker and writer, who founded the stock brokerage firm William O'Neil & Co. Inc in 1963 and the business newspaper Investor's Business Daily in 1983.
Wikipedia : William O'Neil
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Technical Analysis Explained
By Martin J. Pring
Technical Analysis
A good book to learn all the relevant methods of technical analysis, and one which does not attempt to push any particular indicator or process. Well-written, with credible examples and illustrations.
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Trading Systems
By Bruce Babcock
Trading, Technical Analysis
A very well-written and thorough book on the components, design, testing and execution of trading systems.
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A Random Walk Down Wall Street
By Burton G. Malkiel
Markets, Investing
A Random Walk Down Wall Street, written by Burton Malkiel, a Princeton economist, is a book on markets which popularised the random walk hypothesis. Malkiel argues that asset prices typically exhibit signs of a random walk and that one cannot consistently outperform market averages. The book is frequently cited by those in favor of the efficient-market hypothesis. As of 2020, there have been twelve editions and over 1.5 million copies sold (from Wikipedia)
Wikipedia : A Random Walk Down Wall Street
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Trading in the Zone
By Mark J. Douglas
Markets, Trading, Psychology
A very well-written book which looks at trading from a psychological perspective, and provides logical solutions to the common problems most traders face.
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Winning on Wall Street
By Martin Zweig
Markets, Investing, Trading
Martin Zweig was an American stock investor, investment adviser, and financial analyst. According to Forbes magazine, he was renowned for his "eccentric and lavish lifestyle" as well as having had the most expensive residence in the United States at the time, atop The Pierre on Fifth avenue in Manhattan. His particular investing methodology was based on selecting growth stocks that also have certain value characteristics, through a system that uses both fundamental analysis and market timing (Wikipedia).
This book is considered to be an investment classic, covering bull and bear markets, stocks and bonds, the Fed, interest rates, macro factors, monetary models, momentum - virtually all the factors that can go into making investment strategies. Considerable numeric evidence is also provided.
Wikipedia : Martin Zweig
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The Complete Investment Book: Trading Stocks, Bonds, and Options with Computer Applications
By Richard M. Bookstaber
Derivatives, Investing, Portfolio Analysis, Software, Technical Analysis, Trading
This book by Richard Bookstaber covers an entire gamut of trading and investment tools including portfolio theory, option trading formulae, bond pricing and even some technical analysis. These are quite well explained, and written from a programming point of view.
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Python for Finance
By Yuxing Yan
Portfolio Analysis, Software
Python for Finance has several examples of coding of market applications, and is an excellent read for anyone pursuing that path. After an introduction to python, the book is full with snippets of code which solve several finance problems - ranging from momentum investing to options.
