TRADING & INVESTING STRATEGIES
Online Course
REGISTER NOW
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.
SHARE
-
The Battle for Investment Survival
By Gerald M. Loeb
Investing
Gerald Martin Loeb (1899 - 1974) was a founding partner of E.F. Hutton & Co., a renowned Wall Street trader and brokerage firm. He was the author of the books The Battle For Investment Survival and The Battle For Stock Market Profits.
Loeb promoted a view of the market as too risky to hold stocks for the long term in contrast to well known value investors. He also created the Gerald Loeb Award, given annually for excellence in various categories of financial journalism.
Wikipedia : Gerald M. Loeb
-
More Than You Know: Finding Financial Wisdom in Unconventional Places
By Michael J. Mauboussin
Investing, Markets, Psychology
An intriguing and very different sort of book by Michael Mauboussin. The book is a collection of several essays on various subjects including mathematics, science and behavioral science, but with either direct connections or parallels to the market. It is the sort of book you are likely to read in bits and pieces over a few days, rather than in a single sitting.
-
The Richest Man In Babylon
By George S. Clason
Investing, Story
The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,000 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice.
Wikipedia : The Richest Man in Babylon
-
The Most Important Thing: Uncommon Sense for The Thoughtful Investor
By Howard Marks
Investing
Howard Marks is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. In 2020, with a net worth of $2.1 billion, Marks was ranked No. 391 on the Forbes 400 rankings of the wealthiest Americans.
The author is well-known for his memos, which have received unqualified praise from the likes of Warrent Buffet. This book has passages from these memos to build investment strategies with emphasis on risk and a contrarian approach.
-
Technical Analysis from A to Z
By Steven Achelis
Technical Analysis
This is an excellent reference book for technical analysis indicators, written by Steven B. Achelis the creator of the popular Metastock software.
-
The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets
By Mebane T. Faber, Eric W. Richardson
Investing
The book examines the investment strategies of the Yale and Harvard endowment funds. These funds have consistently outperformed the market, and have lower volatility too. The main strategy is to spread the portfolio allocation over several asset classes, using ETFs.
The book also describes two additional systems using active management - the first uses the 10-month moving average, and the second performance-based rotation between asset classes.
-
Trading Options Greeks
By Dan Passarelli
Derivatives
The book has a brief introduction to options and common strategies to trade them. It explains the options greeks clearly, without delving heavily into their mathematical side. The effects of the greeks on these strategies are explained well, making the reader familiar methods used by professionals.
The book also has lots of examples and excellent charts, and will be very handy as a guide to trading options.
-
Bible of Options Strategies
By Guy Cohen
Derivatives
This is a particularly well-organised book on options strategies and incorporates the options greeks as well. An identical format is used for all strategies making it very easy to look them up and comprehend the risks and rewards quickly. Furthermore, the book groups strategies under categories like Volatility Strategies, Rangebound Strategies, etc. It also describes the Options Volatility Indicator (OVI) constructed by the author.
-
Options as a Strategic Investment
By Lawrence G. McMillan
Derivatives
First published in 1986, the book is now in its fifth edition - indicating its popularity. Being one of the older options books, the focus is on the markets and stocks, rather than the theoretical value of the options as determined by the options greeks, even though they are introduced in the book. It is best suited for understanding options from an investor's point of view. It also has sections that explain hedging and LEAPS (Long-term Equity Anticipation Securities).
-
Fault Lines: How Hidden Fractures Still Threaten The World Economy
By Raghuram Rajan
Economy
Fault Lines: How Hidden Fractures Still Threaten the World Economy is a 2010 book by Indian economist Raghuram Rajan on the underlying causes of the 2008 financial crisis, and the structural weaknesses present in the world economy. It won the Financial Times and McKinsey Business Book of the Year award in 2010. It also came in for high praise from 2013 Nobel Prize winner Robert Shiller in this interview : The best books on Capitalism and Human Nature recommended by Robert J Shiller.
-
The Basics of Bitcoins and Blockchains
By Antony Lewis
Markets, Software, Trading
A introductory book with technical details explained in an easily understandable manner. The book begins with an introduction to money and banking, followed by cryptography. In addition to Bitcoin, Ethereum is also explained in some detail, as also Blockchain technology. This is a 2018 book.
-
The Elements of Investing
By Burton G. Malkiel and Charles D. Ellis
Investing
Authors : Burton Malkiel is an American economist and writer most noted for his classic finance book A Random Walk Down Wall Street. He is a leading proponent of the efficient-market hypothesis, which contends that prices of publicly traded assets reflect all publicly available information, although he has also pointed out that some markets are evidently inefficient, exhibiting signs of non-random walk.
Charles D. Ellis is an American investment consultant. In 1972, Ellis founded Greenwich Associates, an international strategy consulting firm focused on financial institutions. Ellis is known for his philosophy of passive investing through index funds, as detailed in his book Winning the Loser’s Game.
The brilliance of this book lies in its simplicity and focus on maximising wealth over time. It urges investors to invest in index funds, as they are extremely hard to beat. The book acts as a practical guide on how to diversify across markets and asset classes, investing in bonds, and rebalancing. It also has chapters devoted to increasing savings.
A great read even for stock-pickers, as it sets a clear performance target to beat.
-
The Incredible Shrinking Alpha
By Andrew L. Berkin and Larry E. Swedroe
Investing
Alpha is the extent to which an active fund manager outperforms a benchmark index - adjusted for risk. If markets are truly efficient, then it becomes impossible to generate alpha consistently. This book makes the case that while certain investment approaches did beat the indices in the past, its becoming harder to do so now as markets and software evolve. There is plenty of data presented by the authors to make their case. When this happens, as is increasingly the case now, passive investing (index funds basically) becomes the best strategy.
The book provides approaches to investment through asset allocation and diversification to get the best out of the market, even with a passive (index) funds. The second part of the title is after all How To Be A Successful Investor Without Picking Winners.
It also explains well all the terms used in portfolio management, as well as Warren Buffett's alpha.
