The Intelligent Investor by Benjamin Graham

One Up on Wall Street by Peter Lynch

+1 for One Up on Wall Street. A very smart and practical read.

Have you read One Up on Wall Street, by Peter Lynch? He talks about using your feelings about a company's products as a component of investment decision-making. You may find it interesting.

https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200...

His book, One Up On Wall Street, references this idea of using casual observations to find undervalued stocks. You might find that interesting to look through.

These sentiments are essentially a rough paraphrasing of One Up on Wall Street (published 17 years ago) [0] with crass language added "for the fucking effect!"

[0]: https://www.goodreads.com/book/show/762462.One_Up_On_Wall_St...

1.The Trouble with Lawyers - an early introduction to conflicts of interest

2.One Up On Wall Street - insiders view of the markets and other lessons

3.Consilence - how to distinguish real things from unreal things

Firstly, the two best investments you could start with are Mutual funds and Bank Term Deposits. With mutual funds choose the fund house first and then their scheme.

As far as books are concerned I'd always fall back on 'The Intelligent Investor' by Ben Graham. Another handy book is 'One up on wall street' Peter Lynch.

Although investment runs concurrently with tax breaks. So if you find a good book informing on where the income tax credits and breaks are allowed etc. it would be handy.

The important thing in spending is to be unrestrained when it comes to a subject close to your heart. The best things come with a price to pay.

A few recommendations, which follow more fundamental investing, some people have already mentioned:

One Up on Wall Street, 2nd ed. Lynch, Peter - explains what i think is a good way of looking at the stock market

Common Stocks and Uncommon Profits by Philip A. Fisher - shows importance of having investment philosophy

Ahead of the Market: The Zacks Method for Spotting Stocks Early - by Mitch Zacks - shows the importance of quarterly earnings

The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market - how to perform proper analysis on company

How to Make Money in Stocks: A Winning System in Good Times and Bad by William J. O'Neil - shows example of growth/momentum investing

I'm re-reading Peter Lynch's classic "One up on Wall Street" at the moment. He's a big advocate of share buybacks over dividends (unless Apple can some up with something else to do with the cash.) Warren Buffett is also.

Buybacks reduce the number of shares outstanding in the market and thereby increase earnings per share, which boosts the share price, rewarding existing investors. So we may see Apple engage in buybacks.

It really depends on how much effort and risk you want to take. Much of the advice you will receive on HN comes from Bogle and his Vanguard index funds. That is the lowest effort and risk you can take.

But, if you want to invest some more time and take additional risk (and maybe better returns) try reading some books. Peter Lynch's - One Up on Wall Street and Benjamin Graham's - The intelligent Investor are two good ones to start with. These will give you a solid platform on stock selection.

Since we're recommending books, Peter Lynch's "One Up On Wall Street" [1] was a very informative and interesting book.

Peter Lynch ran Fidelity's Magellan fund from 1977 to 1990. He avergaed a return of 29.2%, increasing the value of the fund from $18M in 1977 to $14B in 1990.

His philosophy is to invest in what you know, and that the market misses things that everyday people can notice just from going about their life. I think his advice worked a little better before the age of the internet, but it's still a very solid and easy to read book.

[1] http://www.amazon.com/One-Up-On-Wall-Street/dp/0743200403

I think the quote is by Peter Lynch from the book - One Up on Wall Street.

Many contributors to this thread justifiably recommend this book, which is an excellent introduction to finance:

Graham, Benjamin and Jason Zweig (2006) The Intelligent Investor, revised ed.

I would also suggest the following books, which offer more in-depth analysis of financial markets and securities:

Henwood, Doug (1997) Wall Street: How It Works and for Whom

Lynch, Peter and John Rothchild (2000) One Up on Wall Street, 2nd ed.

Mishkin, Frederic (2018) Economics of Money, Banking and Financial Markets, 12th ed.

His Book "One up on Wall Street". (which others have mentioned.)

I have read many of the recommend books. Here are my two pence.

Books on Wealth

    1. "Rich Dad Poor Dad"
     and find out exactly why someone becomes rich.
    (if you like this one, at some point you may also
     want to quickly scan through "Cashflow Quadrant
     Rich Dad's Guide to Financial Freedom".)

     2. Also "chapter 6 - How to make wealth"
     from "Hackers and Painters's chapter 6 - "

     3. "The Way to Wealth by Benjamin Franklin"

Investing books in this order

    1. Peter Lynch's One Up on wall street
    2. The Intelligent Investor  (Ben Graham)
    3. Common Stocks and Uncommon Profits
    4. Security Analysis (Ben Graham)
    5. The Warren Buffet Way is a famous business read not exceptional but read it if you have some time left
    6. A Random Walk Down Wall Street (Read it for a good laugh)

Do NOT read

    1. AA- The Motley Fool Money Guide
    2. How Gerge Soros Knows What He Knows
    3. Investing Online For Dummies
    4. Malkiel Burton - A Random Walk Down Wall Street
    5. Cracking the millionaire code
    6. Joel Greenblatt - You Can Be A Stock Market Genius

One Up On Wall Street, Peter Lynch

Peter Lynch writes about it in his book "One Up on Wall Street". He calls it 'Diworsification'.

I studied economics in college, then I worked for a few years as a business journalist before I finally switched careers to IT systems engineering. The following is a list of my favorite books on financial securities, banking and investment theory. These books are generally comprehensible to anyone with an interest in the subject, regardless of their educational background.

Arrighi, Giovanni (1994) The Long Twentieth Century: Money, Power and the Origins of Our Times

Brealey, Myers, Allen (2011) Principles of Corporate Finance, 10th ed.

Bruck, Connie (1988) Predators' Ball: Inside Story of Drexel Burnham and Rise of Junk Bond Raiders

Fisher, Philip (2003) Common Stocks and Uncommon Profits and Other Writings, 2nd ed.

Fridson, Martin and Fernando Alvarez (2002) Financial Statement Analysis, 3rd ed.

Graham, Benjamin, J. Zweig, D. Dodd (2006/08) Intelligent Investor, rev ed; Security Analysis, 6th ed.

Greenblatt, Joel (1999) You Can Be a Stock Market Genius

Greenwald, Kahn, Sonkin, Biema (2001) Value Investing: From Graham to Buffett and Beyond

Henwood, Doug (1997) Wall Street: How It Works and for Whom

Levitt, Arthur (2003) Take on the Street: How to Fight for Your Financial Future

Lewis, Michael (2010/1989) Big Short; Liar's Poker

Lynch, Peter and John Rothchild (2000) One Up on Wall Street, 2nd ed.

Mishkin, Frederic (2004) Economics of Money, Banking and Financial Markets, 7th ed.

Taleb, Nassim Nicholas (2005/10) Fooled by Randomness, 2nd ed.; Black Swan: Impact of the Highly Improbable, 2nd ed.

Vilar, Pierre (1976) A History of Gold and Money: 1450-1920

Tracy, John A. (2009) How to Read a Financial Report: Wringing Vital Signs out of the Numbers, 7th ed.