Here is a direct copy paste from the post I have in my blog on the same line. I decided to have it in a modular type, rather than a time bound one, by choice. Hopes it help new investor increase his investing skills.
Books/Links to educate yourself to become a knowledgable investor
This is a post inspired by “A 2 year course to become a smarter and intelligent investor”. I have created a thread on the same in valuepickr. The issue with me is that I have read so less numbers of book on investing, and I have a miles to go before I sleep. The most I have learned by going through the gem like thread in 2 of the best stock investing forum in India, TED and valuepickr. So it is less on the book side and more of the thread side.
Rather than creating a time bound approach to investing. I created a module based approach for the same, hope it will help the newbies improve their skills in stock investing
- Module #0 : Books that you should be having and might consider reading again and again
- BOOK :: One up in the wall street - By legendary fund manager Peter Lynch - considered by learned one as the bible of investment
- BOOK :: The Five Rules for Successful Stock Investing - By Peter Dorsey - Another great book on stock market investing giving a step-by-step approach to analyze a stock
- Guru Buffet’s GuruGyan :: Long way, read all Annual Letter’s of Buffet in any way you want (freely available on the web). easy way, read the extracted form of the same from the blogs
- Module #1 : Understand the Market
- Module #2 : Understand financial ratios
- Module #3 : Quant-based stock screening/investing
- Learn how to use screener.in , stock screening, filtering
- **BOOK ::** The Little Book that Beat the Market )- By Joel Greenblatt - Learn the concept behind ROE, and 2-variable based ranking of stock that is the basis of his “Magic formula investing”
- TED : N variable quantitative analysis of stock
- **BOOK ::** The Little Book that Makes you Rich )- Use of quantitative data and behavioral finance concepts in growth investing
- Module #4 : Understanding Moat
- TED : On Business Moat
- BOOK :: The little Book that Builds Wealth - Pat Dorsey explains why investing in companies with Moat makes perfect sense
- Module #5 : Management
- Module #6 : Understand why companies fail
- Module #7 : Understanding Market Phases
- Module #8 : Value Investing
- BOOK :: The intelligent investor - by Ben Graham, considered by many as the father of value investing
- BOOK :: Margin of safety - Seth Klarman
- BOOK :: The Most Important Thing- Howard Marks OR all of Howard Marks’ memos from http://www.oaktreecapital.com/memo.aspx
- BOOK :: Value Investing by James Montier - Very detailed discussion (sometimes a bit dense) on value investing and its various facets
- Module #9 : Behavioral Investing and Mental model based approach to investing
- BOOK :: Influence by Robert Cialdini - Mental models and the psychology of persuasion.
- BOOK :: Poor Charlie’s Almanac - By the great Charlie Munger, on his mental model of stock investing. Bit tough book to read and apply, but still worth reading
- BOOK :: Little book on Behavioral Investing by James Montier - Excellent coverage of behavioral finance
- BOOK :: Seeking wisdom by Peter Bevlin - A condensed version of Poor Charlie’s Almanac
Link to the post in my blog
http://art-of-mental-modelling.blogspot.in/2012/12/bookslinks-to-educate-yourself-to.html