
The Changing World Order: Why Nations Succeed or Fail
Ray Dalio and Simon & Schuster Audio
? on Amazon
5 HN comments

Life at the Bottom: The Worldview That Makes the Underclass
Theodore Dalrymple
4.7 on Amazon
4 HN comments

Liftoff: Elon Musk and the Desperate Early Days That Launched SpaceX
Eric Berger
4.8 on Amazon
4 HN comments

Death by Meeting: A Leadership Fable...About Solving the Most Painful Problem in Business
Patrick Lencioni
4.6 on Amazon
4 HN comments

Obstacle Is The Way
Ryan Holiday
4.7 on Amazon
4 HN comments

The Copywriter's Handbook: A Step-by-Step Guide to Writing Copy That Sells (4th Edition)
Robert W. Bly
4.6 on Amazon
4 HN comments

Immunity to Change: How to Overcome It and Unlock Potential in Yourself and Your Organization (Leadership for the Common Good)
Robert Kegan
4.5 on Amazon
4 HN comments

How I Built This: The Unexpected Paths to Success from the World's Most Inspiring Entrepreneurs
Guy Raz and Audible Studios
4.8 on Amazon
4 HN comments

Corporate Finance
4.3 on Amazon
4 HN comments

FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer
Robert T. Kiyosaki
4.6 on Amazon
4 HN comments

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Joel Greenblatt
4.4 on Amazon
4 HN comments

Leadership Is Language: The Hidden Power of What You Say--and What You Don't
L. David Marquet and Penguin Audio
4.6 on Amazon
3 HN comments

Secrets of Sand Hill Road: Venture Capital and How to Get It
Scott Kupor, Eric Ries, et al.
4.6 on Amazon
3 HN comments

The Leadership Pipeline: How to Build the Leadership Powered Company
Ram Charan , Stephen Drotter, et al.
4.5 on Amazon
3 HN comments

Mutual Aid: Building Solidarity During This Crisis (and the Next)
Dean Spade
4.9 on Amazon
3 HN comments
ProjectArcturisonMay 21, 2021
Your bigger decision is whether to go active or passive. For 90% or more of the population in your situation, the best thing to do is buy a Target Retirement Date fund, contribute to it regularly, and gradually build wealth the safe and boring way.
There is a very small percentage of people who can genuinely beat the market. If you're asking the question in OP, you're not there yet. Go back to option 1, park your money there, and do a lot of reading. "Where Are the Customers' Yachts" and "You Can Be a Stock Market Genius" (terrible title, great book) are good places to start.
simplyauseronJuly 17, 2008
Books on Wealth
Investing books in this order
Do NOT read
acconradonApr 19, 2016
1. Invest, don't trade.
That means buying companies in large quantities when they're at a bargain, and holding for a long time (think years or even decades). This will keep your costs and commissions down.
2. Look where others won't.
As Ben Graham and Seth Klarman have pointed out in their books, you want to look for companies that no one else is looking at for a variety of reasons:
* They've hit rock bottom in the last 1/3/5 years. If people are selling, you should look at buying.
* They're special situations. Is the stock going through the process of bankruptcy, merger/acquisition, spin-off? This is the basis for books like Margin of Safety and You Can Be a Stock Market Genius.
* They're complicated. Distressed debt, credit-default swaps, and other alternative investments to access by the public can be profitable if one is willing to put in the time (years) and dedication to analysis, but I generally wouldn't recommend it
* They don't fit the fund's portfolio / low institutional ownership. Active funds may employ thousands of people to work full-time on investments that suit their fund. This generally means large cap companies because the funds have to utilize so much capital that they can't waste it on institutional ownership of small and micro cap companies. Everyone and their mom has done research analysis on Google, few spend their time on Sanderson Farms, which only broke into mid-cap territory for the first time in over a year, and has since risen by over 10% after being massively undervalued.
If you are in a diversified basket of 15-30 value-oriented stocks with at least some focus on quality, you can stand to beat the market over the very long term.
mitchelldeacon9onMar 14, 2020
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.