What investment books would you recommend to your friends?

Hi Belhaven, I have not heard of Justin Fox and Cramer's "real money". I will try to get hold of them in the library. I have long forsaken the theory of Efficient Market theory. Even in the long run, I doubt the market behaves as the theory says. There are some businesses who are making good money, but keep very low profile. Those are the real gems in the stock market, and speculators will not chase after this kind of companies. There is one very old and very outstanding book, Psychology of the Stock Market by G C Selden. This is one of the best books about investors behavior. I remember that G C Selden mentioned, when the investors are expecting good news, the share price of that company will go up, but when the company announces the good news, the share price will come down, because the market has already factored in the news in their expectation. Another book I want to read is Take on the Street by Arthur Levitt. There's a professor written a book about dollar cost averaging, and he became famous because of the concept. I can't remember the name of the book.

Justin Fox's book is still a new release if I am not mistaken. Cramer has a few books out, but I've only read "Real Money". I agree with you about the small businesses. Most of my stock screens when I am about to buy make sure the companies are small cap. Selden's book sounds very interesting. I will have to look into that one. Cramer suggested a book within his book that sounds similar although off topic. He suggested "Picking Winners" by Andrew Beyer. It is a horse racing book; however, you can use a lot of his ideas about how humans act in the stock market. I enjoy horse racing so the read was a good one for me either way. I have heard Take on the Street mentioned a few times on web sites while I was searching for books to read. I'm sure I will eventually read that one. Thanks for the tips. Hopefully they will pay off :)

Hi Belhaven, on a side note, have you read Think and Grow Rich by Napoleon Hill? That is really a very outstanding book. He studied and interviewed more than a hundred rich persons in his life time, and compiled the lessons in this book. Another book I read a few times is The Science of Getting Rich by Wallace D Wattles. I like the point of use value and cash value. What he meant is that when a seller sells something for ten bucks, that item must generate more value for the buyer than the ten bucks, then the buyer will feel the item is worthwhile to buy.

Kiss the frog , it becomes a blood sucking demon, because they are speculators. My friend. These speculators are making the art of investing into quick profit taking game, not only they mess up financial market and stock market, they also making investing much harder to learn and market harder to analyze accurately through conventional technique due to the fact many of them profit from market short term volatility, these people had so much financial clouts to create false sense of prosperity among small investors through the appearance of artificial stock market security and boom. If you are unfamiliar of the real value and fundamental working of financial and stock market, then it is easy to be duped into that false sense and got burn later on. That is what is happening in the 80's when tech. stock bubble gone bust.

Hi Lampar, the tech bubble was a very funny situation. When Warren Buffet dared not touch any technological stock, and could not see how those tech companies made money, those speculators rushed in to push the market higher. I agree that those speculators mess up the market. I can't see how some stocks can reach such a high price while fundamentally sound companies are undervalued.

Hi Lampar, the problem is that Warren Buffet does not write books! He writes the annual reports only. Most of the books in the market are compiled based on his speech and annual reports. I enjoy reading those. Just hope that he stops his 6 hours a day game, and starts to write something. If he can match the number of books written by Donald Trump, that will be nice. Warren Buffet is very funny. He's the only one that liken buying companies to kissing the frog. Kiss the frog and it croaks. That at least is my investment experience. Some speculators will find that once they kiss the frog, it turns into life sucking demons.

haha Canellita, dont worry, once you start reading and learning about investment, you will find the world of investments very captivating. I like the response above, he has recommended some great books, I hope to get them from the library. Our local libraries have a good collection of finance and investment books.

Hi Canellita, if you treat reading books as part of writing experience, and related to your teaching work, you will find time to read. After reading, you can write a book review, and very likely to earn the empty title bonus. You can use the interesting thoughts, and ask your students to debate about them. In this case, you will have more interesting ideas to write about.

I had a couplebooks that had good information but sitting and reading a book has become a luxury for the time being.