I'm a degree student majoring in banking and finance. currently i'm very interested in stock market and investment. however, wat i'm learning in college is insufficient to teach me how to start investing. i'm very excited to learn more to analyze the stock market and investment technique. so any recommendation of books that i can refer to??? i'm just a beginner level.

This post has been edited by calistachan: Oct 19 2007, 03:45 AM

In fact there are too many in the market. can't afford to read all. i will be interested to get a good 1 if there are any recommendation too... :p

I have one on buying stocks and it's too technical and boring...

You can take a look at Milan Doshi's book on Malaysian Real Estate...
might also want to check out The Warren Buffett Way on stocks...

Anyway, these are just books for your reading pleasure... better if you can learn from someone with hands on experience... everyone is an investor or that's how most people address themselves... just how successful that person is, is subjective...

Rich Dad Poor Dad.....
Its a start...... I'd like the book because its interesting, more over its not a very thick book, so you don't spend too much time on it...
Its not very expensive, you can find it in MPH or any local book store...

books no use.
u borrow money from bank and invest at least 50k.
then u will learn your self what is shares.
hohoho

no bank is going to loan you a single cent if you want to buy shares... at TS's age... without FAMA, you can't get any loan by yourself...

also 50k into the stock market without any prior knowledge is like dumping it into the sea...

uncle... give something more constructive ler...

that is like dumping a child into the pool and hopes that he managed to learn to swim before he drowned!
We don't appreciate this type of replies here.
At least one needs to know the basic on the share dealings before joining in the market.

TS, learn the basic first before read ups on "ways to invest".
Usually this type of books would tell you strategies and tactics; but not necessary suitable for the current market if you do not know how to apply it.

So to know how to apply it, first you need to read up on the basic.
I.e. What is stock exchange? What is fund trading? etc.... Than proceed to learn on how to kick start i.e. what is the needed criteria to start investing, is a remiser needed or can self invest? etc...
Once the basic is there, than proceed to analyse what is the best tactics by either surveying through the internet or books at bookstores.

check out my signature

Try reading those investment strategies from http://www.investopedia.com/university/stockpicking/. No need to buy books, public libraries got plenty if u need any.

Then you can try paper invest those strategies.

Make sure you read the Bursa's CBRS reports on company you plan to play, you'll need the forecast numbers & estimates.

"Rogue Trader" i like this book alot

I've read that book and i really like it. actually, i just want to know more about investment. part of it is because i'm interested in it and i also think that this knowledge will be an advantage for me in the future.
thanks for all the recommendation. and i'm looking forward for more comment. just that to make it clear, i'm just learning and not wanted to start investing. haha...i won't borrow 50k and dump it in the stock market.

no nid borrow 50k.. but u can start from small amount.. experience is the best teacher...

These books are highly recommended

Phil Town- Rule No. 1
David Bach- Start Late, Finish Rich
Peter Spann-From Broke to Multimillionaire in 7 Years
Adam Khoo- Secrets of Millionaire Investors
Robert G. Allen- Multiple Streams of Income
Azizi Ali- (Any of his books)

IMO, I think these books are great

www.bkcollection.co.nr

Books? Not necessary.. Books basically don't help u anything much on real-life trading. It juz gives u whatever knowledge u might need like gordon growth model, single pricing model, u/value or o/value stocks, so on & how u derive and estimate the stocks price based on market performance; watsoeverla..hehe... they might help if u wan to do some stock analysis.. But usually, for beginner investor, maybe some simple stock evaluation should be justificable like analysing the finacial statments, the stock past performance, growth of company, industry, and recent developmnt.

Anyway, on my suggestion for beginner level(juniors in stocks), try reading some magazine, like personal money(local), or financialdaily ,etc,etc to look up on latest development of some companies, local economic reports and so on. Be hardworking to flip through the business section on the dailies. Track the stock prices also, try to get histroical prices to assist u on the stock performance..

Also, if Any spare time, maybe can enroll in Module 6 & 7 examintion by SC, i guess this will help u at least something at beginner level...
Tis was wat i did when i was pursuing my finance degree.. as too much free time d..


If u still insist on refering to the books, go Library..seach for it..whole Rack is YOURS..

This post has been edited by myintbiz: Oct 21 2007, 02:16 AM

books r importnat...u must read it n practice it in past record..this is wat we call as backtest...

FA+TA+rational thinkin= u will b among d best.. goodluck

this is 1 of d book that i really love.. download it n read few times...

http://www.bizfun.cc/forum/index.php/topic,1199.0.html

rememb, choose book wisely,choose from d best.....

Knowing is not enough; we must apply
Willing is not enough; we must do

technical analysis or fundamental analysis....
500 titles of books...
www.bkcollection.co.nr

You should take what Robert Kiyosaki says in his books with a huge grain of salt. His books can be very misleading by re-defining the meanings of basic terms like debt, asset, liability...

Read these first before you really believe everything R. Kiyosaki wrote:
http://www.johntreed.com/Kiyosaki.html
http://www.consumerismcommentary.com/2006/...saki-is-a-liar/

I know it's a very long article, but I just want you guys to be careful before following Rich Dad Poor Dad's advice blindly.

This post has been edited by iamyuanwu: Oct 22 2007, 02:51 AM

when some people are successful, there are bound to have people going against them...

if you read carefully the comments by the people strongly opposing Kiyosaki, you'll notice that they take his book as a how-to rather than an ideology...

different people interprets things in a different way, no right or wrong...

i find his books very informative, the thing that you'll figure out eventually is he simplified a lot of stuff and a lot of things a kinda too perfect but again, its a great book to actually change your mindset from following the conventional way of investing...

Well said, Kenji

at the end of the day, his book actually encourages ppl to actually DO something to change their lives. That IMO, is the most important thing. There arent many books out there that have similar impact nowadays, so kudo's to Kiyosaki on this.

Know Your Unit Trust Investment by Jeffrey Gan

i think this book quite suitable for those just new to investment... It tell you what type of investment we have. What industries we have for equity.. blahblahblah... Its a simple, easy understanding book... Try to look for it... Good Luck )

I've read those before and if you read a lot of user's feedback on john reed's column; you'll find some rather astonishing and amusing stories. I would term them as "stupid". Couple of them post their failures because they just go all out without first anlysing whether or not the strategy suits them or the market.
EG:

Again, ppl should judge which strategy suits them the best.
Same can be said regarding John Reed which how other ppl supporting him are calling Kiyosaki names. Especially on how some labeled Kiyosaki as funding himself by selling books and dreams to everyone.

For eg, when one read a property investment book (a lot are coming from the states) doesn't meant that the property investment skills and strategy can be applied here in M'sia. But if one learns to read between the lines and analyse it; it might be useful.

I would say a lot have benefited from RDPD series though I've read only 1 which is on "MLM" (half way through) and I tend not to like it; not because of the strategy itself, but I myself am not a salesperson even though it preaches that everyone can a salesperson. But there are points and philosophies in there which I agreed to.

Book still is a book, theory is just a theory.
Books are best to be used as reference to widen your knowledge and view, which is the most importance of it, it is not meant to get some 'tips' of how to become rich.
It is not mean that what all insides are 100% true or 100% false. You need to use your knowledge to analyse, to justify or to determine whether it is applicable or not. Sometimes, reading through books also can get some inspiration of businesses or investment idea also.

But none of it should be followed blindly.

A lot of things are simplied to give as example, real business world or investment world are more complicated than that.
Just like people said invest in real estate sure make money one, (I think this is the major misconception in the market as almost everyone said so, but putting in FD, your FD also surely make money every year, right? but none of us or less people said so.) If property return rate is 7% per annum while FD interest also 7%, but still people will choose property be because of mis-conception as mentioned.
Just like in discussing in property subforum, a lot of expenses is not taking in as consideration for the like maintenance of houses, expenses spent, but people just look at the initial buying price and final selling price to determine and conclude property surely gain money one.

Don't get me wrong, reading through these books is benefitting for anyone, as you will have a broaden view in every aspect of it and can take a look at a bigger picture which may prompt one to make a more wiseful decision.

Good point you guys have.
I just want make aware of other opinions about his books.

If his books inspire and motivate you, then I'm sure they are good stuff for you. It's just my personal opinion that I don't trust what Kiyosaki writes.

By all means read his books and take the good, filter the crap.

If you're interested in long term investment, The Four Pillars of Invesment by William Bernstein is a good start.

reli thanks for all the info... i've started on some books. but then again...i find it abit hard for me to learn as i still have alot of theory that i do not understand...

slow slow lorr ^.^ at least u r far better from some of us coz u got learn d ab accountin..

http://www.bmuze.com/cgi-bin/pmuze/index.p...tList&listId=30

http://www.bmuze.com/cgi-bin/pmuze/index.p...tList&listId=31

http://www.bmuze.com/cgi-bin/pmuze/index.p...tList&listId=32

Try 'The Dummies' series.

You can try this book, give you basic ideas on share investment. Calculate Financial figures such as ROE, D/E, PER, intrinsic & fair value.

Ho Kok Mun, author of How to Make Money from Your Stock Investment even in the Failing Market.

for stock market, recommend you the following book which can direct apply to msia market:

1) i love stock - Pauline Yong
http://www.mph.com.my/search/nsearch.cfm?d...code=9834212429

2) How to Make Money from Your Stock Investment Even in a Falling Market - Ho Kok Mun
http://www.mph.com.my/search/nsearch.cfm?d...code=983378903X

3) Essential Stock Investment Strategies to Make Money Even in a Falling Market (Revised Edition)
http://www.mph.com.my/search/nsearch.cfm?d...code=9833789137

in addition you may want to browse bursa malaysia page at http://www.klse.com.my/ for annual report and announcement by listed company. in order to understand annual report, you need to read book no.1 which teach you the most basic thing about malaysia stock. thanks

You can try this book I got from the library, a very old book that is based on the Malaysian stock market and a little bit on Singapore stock market as well. Informative and good for beginners.

Stock Market Investment in Malaysia and Singapore - Neoh Soon Kean

Some good investment books presented in "story" format:
Beating the Street - Peter Lynch
One up on Wall Street - Peter Lynch
Some of the Warren Buffet biographies.

i have a question. To learn investment, we need to read only the latest book? or it doesnt reli matter, as old books method also can apply in todays world? i am just wondering because as we all know, the world now is changing rapidly...

You will notice new books will also apply the methods in the old books. But with a more vibrant way of explaining and how the old methods can be applied to the new markets. While older books tend to talk about past booms and busts, the new books will reflect the newest booms and bust. For example, a book written before 1990 would concentrate it's analysis on why the stock market crash during 1987. But a book written in 2001 will discuss more on the the crash of 1997 with reference of similiarities to crash of 1987.

While the newer books will have a more in-depth analysis of the recent events, past events are more for reference and will not be discussed or analysed as detailed as the recent events. Although most books will quote a reference guide of older books for the reader if they wish to know more about past events.

In my opinion, read everything you can to learn about anything. There is no such thing as 1 book that will answer all your questions, no one solution to all yoru problems and no one strategy to trade in the market.

haha...okok. thanks skiddtrader. just that you see, we reli got alot of warm and friendly members here. they list down a bunch of books and references for me... and i dunno which 1 to read 1st.... but i will try my best to gain as much knowledge as i can....

I still read some of my old investment books like "Capital Ideas from Peter Bernstain" even he has a 2nd version of it...

I find it totally amazing...

I know of this guy who have many collection of e-books on investment, motivation and others..

You can ask him to send to you.

http://setapak.connecton9.com/forum/viewtopic.php?t=15

i start looking really har to my daily finance after reading azizi ali book-
millionnaire in me
millionnaires are from different planet

then i got motivated to invest in stock market after reading Fool's book
Motley fool investment guide
you have more than what you think.. 2nd motley book
you cant find'em in normal bookstore. i found them in 'pay less book' shops.
Really great basics for stock market.. but some chapters are non applicable to Malaysia

then another one basic book u should read is pauline yong's book:
i love stock

then better read some other articles in internet.. you'll gain knowledge as well as learn about other's mistake

I agree books no use. u have to buy to experience it. If drop, then... learn more i guess

which u mean is MUST LOST only can gain expenrience?

any book about what should we look out for before buying a stock?

like a basic guide to the stock market?

i am not looking for any strategy to buy stock but rather a guide to the basic step/research before buying a stock

carby, as i mentioned earlier, book by 'motley fools' are quite good.

Benjamin Graham - The Intelligent Investor

Some parts not applicable for Malaysia.
Also not advisable for beginners

For local market, I recommend "How to make money from your stock investment even in a failing market'' written by Ho Kok Mun...

i recommend that u read the rich dad poor dad series
and also One up on Wall Street by Peter Lynch.

remember it is better to read n know the market well before playin it

Read " I love stock" by Mdm Pauline Yong, Local Johore......easy to understand. BTW i start with $7400 only & still running. 1st rule and the most easy one is buy stock that profits by operational....

Hi guys, how about any courses on investment? where can i find such course?

thanks!

OSK offering a few short course, if only u their account holder then u may join in....

Hi,

I've a copy of his book too. But i find that his intrinsic value formula cannot be applied to current malaysian stock market. Or any adjustment need to be made to the formula?

currently books covering M'sian Stock Market is really basic which is not practical for newbies...sure get burn if follow blindly...

better go thro' free seminar eg. CHARTNEXUS which is done over the weekend at various places.... then u'll get some ideas, do talk with others - exchanging idea...
bettter that way so u don't get lost/burn badly...


note:- pdf files of ebook regarding trading & stock market can be found easily thro 'googling'

This post has been edited by tessei: Jul 30 2009, 03:00 AM

I beg to differ. There are several investment books written by locals which can really be applied in Bursa Malaysia. And they are a good read for beginners too. I've been making 20-50% using their formulas.

If you want books with practical methods to apply in Bursa Malaysia, I would suggest that you get a copy these books:

1) Andrew Chia's 'The Final Winner' and 'Bursa Winner'
Final Winner: http://www.ourmoneyworld.com/FinalWinner/?topage=28
Bursa Winner: http://ourmoneyworld.com/bursawinners

2) Ho Kok Mun's 'How to Make Money From Your Stock Investment Even In A Falling Market' and 'Essential Stock Investment Strategies To Make Money Even In A Falling Market' (can be found in MPH Midvalley)

3) Stock Performance Guide by Dynaquest (can be found in MPH also)

This post has been edited by DanielW: Aug 14 2009, 12:33 PM

Dont ever read malaysian books on investment!!!! The simple and only reason is Why they want to sell a book if they already claim making a huge amount of money in stock market?

Maybe i will get a reply from someone saying that bcoz the author want to share the knowledge or secret of success with us, bla bla bla.. am i rite? Ok, maybe u can trust them but be sceptical first and do some research bout them.. I give you hint...

1) check their track record (if their track record just give seminar, pitch, pitch, pitch) then its no use, say bye2 to him or her
2) check their educational background (dont trust people from marketing background even if they have finance knowledge) Why i say this, bcoz they know how to talk, its dangerous.
3) check whether they received a good comment from prof, top CEO and NOT the top research/investment analyst (why?, bcoz in any event they all do marketing together)
4) check the content inside (if u are finance people, u may know the lingo and its relevant to your investment strategies) (if u are chartist, u may know what chart or graph that relevant to you)

Ok, that all... i dunno what to recommend you bcoz i am now focusing on finance books that relevant to my work, and this is the way i search and choose my books.

Try amazon.com, u can see the comment and author background

This post has been edited by gecodine: Aug 15 2009, 10:46 AM

Try these 2:

1. Buffettology: The Previously Unexplained Techniques That Made Warren Buffett The World's Most Famous Investor (author was Buffett's daughter in law)
2. The Essays of Warren Buffett: Lessons for Investors and Managers (a compilation of Buffett 's letters to Berkshire shareholders)

This post has been edited by gilabola: Sep 4 2009, 10:50 PM

if u can read chinese then i recommend u to buy "cold eye" (author's nickname in chinese translation). quite useful before or after u involve in stock exchange

This post has been edited by fumi: Sep 5 2009, 10:51 AM

i have recommended a few books in my blog

the one i prefer is 金�天下 .. a must read

http://todayfinancialworld.blogspot.com

books only a Theory and a recommendation for you. It using if you apply it correctly.
But book is book when talk apply is our hand on and experience .

You need a book but see what market you go…if you invest in Malaysia market but you buy a US market or Heng Sing market book then you application is wrong?
Yar..sound is invest and share market but the behavior in between the markets are difference. One is slow market one is fast market.. you read a fast market book and apply to a slow market.. you think it’s work??? I think you only feel boring on it…
What I want command is buy a local market book and read it and know the concept or investment then practice. it will your help..
Start a small amount before go to big amount…
Try the hot account (many ppl goreng) for the learn level …fast in fast out…gets some experience before big amount…

Commend me if I’m wrong . I’m also a beginning investor in Malaysia market…

guys, im just 19 years old and want to learn the theories on stock investing first. I have no idea reading those terms on stock markets website.. yeah 0% knowledge,, Which book should i get?
"Investment for dummies:" ??

No need to buy book to read at your state.. google it and get at least basic knowledge

Then get a copy of Finance degree year 1 or 2 book which introduce the financial market that consist of introduction to equity market and derivatives market

Then go and learn about FA (fundamental analaysis) and TA (technical analysis)

Then read those information on our BURSA website

Then get yourself some money to start the REAL LEARNING

the market itself will teach u the most as FEAR AND GREED will make u fall <-- the real learning part on trading and investing will only happen here

Then u will start blaming the books and the theory that u have learned

I suggest that u get ALL the books listed in my blog. They have been a great help to me :-)

Hey All,

I guess it is time to stay at sideline now. At the main time, we should improve our trading skill now before we can make bigger money.
Any suggestion on good investment/trading book? I'll recommend the Trading for a living by Alexander Elder.
Please share your bible here...

Looking forward.

the Intelligent Investor - Benjamin Graham...

Warren Buffett's sifu in value investing

Yes Books from Benjamin Graham, Peter Lynch and Phillip Fisher

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
By Benjamin Graham

Security Analysis: The Classic 1934 Edition
By Benjamin Graham

One Up On Wall Street : How To Use What You Already Know To Make Money In The Market
By Peter Lynch

Common Stocks and Uncommon Profits
By Philip A. Fisher

http://www.amazon.com/Uncommon-Profits-Wri...6883118-0044702

http://www.amazon.com/Intelligent-Investor...pd_bxgy_b_img_b

http://www.amazon.com/Intelligent-Investor...pd_bxgy_b_img_b

+1 to moody5....

i went to popular book store on monday to find some books on investment.. i do consider a few best seller such as Warren buffet books , T. Kiyosaki books and etc...

but in the end , i found taht all the theories in there seems not so suitable / applicable in KLSE (maybe darn good in Dow jones)..

finally i found a book that really good for newbies by Ho Kok Mun.. try to find around there... i forgot the name of the book d..it is called earn from share market even during bearish / falling market"

Thank you

This post has been edited by goofy2009: Mar 19 2010, 10:47 PM

Is there a recommended book for teaching noobs like me how to analyze financial data? I'm still sketchy on terms like NTA, PER, sector PER weighting, EBITDA etc...

Thanks ya

I rekomen 'Investments' published by Financial Times, quite a comprehensive 'general' reference for newbies. You can't go wrong with anything published by FT.

anybody here has a copy of Neoh Kean Soon : stock market in singapore and malaysia?

do you know how to get the copy now ?

---

Added on November 23, 2010, 7:31 pmLooking for Stock Market Investment In Malaysia and Singapore for sale.

Can nego the price if available.

This post has been edited by noiseemunkee: Nov 23 2010, 07:31 PM

pm me i am thinking to give a courrse

I start from a investment dingbat to I guess pretty good today.

For a start you can try:
The Warren Buffett Way - Robert Hagstrom

Since you have financial background you probably don't need Mary Buffett's. SO can skip that.

Then the classics:
Common Stock Uncommon Profits - Phil Fisher
The Intelligent Investor - Benjamin Graham
Security Analysis - Benjamin Graham


--------------------------------------------------------------------------------------------------------------------------------------------------------------------
The Fool Investor

Books on Buffett are a good start, his average annual return was 21% for 40 years 1965-2005), also known as the greatest investor in the history

Elementary Level:
1) "Buffettology" by Marry Buffett-Emphasize on Expanding Value, written by former Warren Buffett's daughter-in-law
2) Rule 1 by Phil Town- Emphasize on Margin of Safety and Buffett's Quotation "The first rule of Investing is don't lose money; the second rule is don't forget rule #1 , contain both Fundamental and Technical Analysis.
3) The Warren Buffett Way by Robert Hagstrom- The easiest biography of Warren Buffett

Intermediate level
1) Snow Ball- This is not an ordinary biography, it is the only authorized biography by Buffett
2) The Essay of Warren Buffett- A collection of warren Buffett's letter to the shareholders in a readable format, which of course is written by warren Buffett himself,if you have time, reading the original version is a plus
3)Even Buffett isn't perfect- Point out a few misconception on Buffett, but this is quite advance reading for those who don't know Buffett.

Advance Level
1) The Intelligent Investor- "The best investing book ever written" said by Buffett, written by Benjamin Graham. This is where you get the concept "Margin of safety"
2) Security Analysis- Written by Benjamin Graham, Focus more on how to apply the concept "margin of safety" on both bonds and stocks by analyzing balance sheet and income statement.
3) Common Stock and Uncommon Profit by Philip Fisher, Focus on Expanding Value, and a few key question to throw at management team.

IMO, Rule 1 and Buffettology are enough to give you a good start in value/growth investing.

Other books on value/growth investing include Peter Lynch's (Average Annual Return of 29.2% return for 13yr), Joel Greenblatt "Magic Formula"(Average Annual Return of 50% for 10yr), and Jim Crammer "Mad Money"(Average Annual return of 24% for 14yr).

Read the books by Jesse Livermore or related to him if you are interested to be a Trader.

Tittle:
Reminiscences of a Stock Operator
How To Trade In Stocks

can someone recommend book on how to read and company's financial statement and how to use the data to our own advantage and detecting if there is possible fraud in the statement

Try the art of short selling : http://www.amazon.com/Art-Short-Selling-Ma...k/dp/0471146323

Teaches you how to do fundamentally driven short selling, which basically talk about how to detect fraudulent or overvalued companies. If a stock is something that can be shorted, it also means that the stock is something that you should avoid.Not sure whether the book is still available though as it is quite old, but, it is certainly one of the best fundamental analysis book I have ever read.

Perhaps, a certain level of accounting knowledge is required to read this book. To get a sample of whether the book is too hard for you, listen to this short selling lecture by the author here : http://www.simoleonsense.com/video-on-the-...-short-selling/ . Don't forget to download the notes that goes with the lecture.

This post has been edited by the snowball: Nov 24 2010, 09:27 PM

Phil Town Rule No. 1.
It's the easiest to read, and it teaches the most. Too bad its on the us market though.


PS: The snowball on warren buffett is a rubbish book. Warren Buffett himself doesnt like the book. It's more like an interpretation of Warren Buffett, rather than an autobiography. The views in there are all subject to the author's discretion.

This post has been edited by flight: Dec 1 2010, 02:41 AM

I think Snowball is rather well-written. It shows us that Buffett isn't perfect. Even if Buffett writes the book, it is also about how Buffett views himself right? As in how he himself interpret himself. The book is less on investing side, but, it surely gives us a glimpse on what makes Buffett and most likely, why mere mortals like us may never be like him. I am looking forward to Alice second book on Buffett which she is currently working on.

But, still, opinions are quite divided on the book. I am on the like side....

What investments professionals read or have in their library:

Text & Reference books (technical nature, some very technical and advanced level):
1. Investments - Bodie, Kane & Marcus
2. Options, Futures and Other Derivatives - John Hull
3. The Handbook of Fixed Income Securities - Frank Fabozzi
4. Credit Derivatives - Satyajit Das

For reading:
1. Traders, Guns & Money - Satyajit Das
2. Liar's Poker - Michael Lewis (a classic)
3. The Big Short - Michael Lewis (the global financial crisis 2007-2008)
4. The Vandal's Crown - Gregory Millman (George Soros and how he made US$2 billion profit in one day and defeated the Bank of England, how Bank Negara lost billions in currency speculation, etc - this book was quoted by Dr M during the height of the Asian Financial Crisis)
5. Barbarians at the Gate: The Fall of RJR Nabisco - Bryan Burrough & John Helyar (the takeover battle for RJR Nabisco, a classic)
6. Too Big To Fail - Andrew Ross Sorkin (the global financial crisis 2007-2008)
7. Den of Thieves - James Stewart (insider trading on Wall Street)
8. The Predator's Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders - Connie Bruck (how Michael Milken started out and became infamous in the junk bond market, and his downfall)
9. Hard Drive: Bill Gates and the Making of the Microsoft Empire - James Wallace & Jim Erickson (a bit old, but insightful story of the early years of Microsoft and how they built their dominance)
10. House of Cards - William Cohan (the collapse of Bear Stearns over 10 days in 2008)

For those interested in technology and how the PC started:
1. Fire in the Valley: The Making of The Personal Computer - Paul Freiberger & Michael Swaine (was made into a TV movie which focused on Steve Jobs and Bill Gates)

I not a fan of buffet & kinda bias

The Timeless Wisdom Of Jesse Livermore

Whyis stock investing hard? Take a step back to think, and you realize that stock trading is the intersection of many realms of knowledge.
Business. The economy. Finance. Innovation and technology. Government policy. The market. And don’t forget psychology. The more an investor knows about each of these fields, the more likely he or she will excel in the task of buying and selling stocks properly.

In the field of psychology alone, you have multiple topics to ponder. The psychology of the herd is important. So is the psychology of the self.
Jesse Livermore, whose life spanned the 19th and 20th centuries, didn’t get a master’s degree in macro economics or a Ph.D. in cognitive
behavior. But his experience, hard work, failures and successes across many bull and bear cycles make him one of the most respected stock and futures traders of all time.

Livermore grew up poor in Massachusetts. He found his calling after discovering he had a knack for numbers and for seeing price trends.
Trading firms called “bucket shops� across the country kicked him out after he amassed profits despite stringent house rules in margin.
He eventually became a powerful buyer and short-seller on Wall Street. Tragically, a self-inflicted bullet ended Livermore’s life on Nov. 28,
1940. But his book “How to Trade in Stocks�remains a gem. As the following quotes from the first chapter “The Challenge of Speculation,�
show, he defined genius in trading psychology.

Why not let Livermore’s wisdom help you?.“Profits take care of themselves, but losses never do. The speculator has to insure himself against considerable losses by taking the first small loss.� Your insurance policy: Sell a stock if it falls 8% from your purchase price. No questions, no exceptions. Nobody will care if you sold at a loss. The market surely won’t.

“Successful speculation is anything but a mere guess. To be consistently successful, an investor or speculator must have rules to guide him.�

.“Speculators in stock markets have lost money. But I believe it is a safe statement that the money lost by speculation alone is small compared
with the gigantic sums lost by so-called investors who have let their investments ride. From my viewpoint, the investors are the big gamblers. They make a bet, stay with it, and if it goes wrong, they lose it all.�

Livermore offers a few examples. On April 28, 1902, New Haven & Hartford Railroad sold at $255 a share. On Jan. 2, 1940, it traded at
$0.50. Chicago Northwestern went from $240 in January 1906 to “5/16, which is about $0.31 per share� on Jan. 2, 1940. Nearly 70 years later, some of America’s biggest banks took similar paths.

“A few thoughts should be kept uppermost in mind. One is: Never sell a stock, because it seems high priced. You may watch the stock go
from 10 to 50 and decide it is selling at too high a level. That is the time to determine what is to prevent it from starting at 50 and going to 150
under favorable earning conditions and good corporate management.� In a three-year rally from 2004 to 2007, Google GOOG didn’t stop at
200, 300, 400, 500, 600 or 700.

“One other point: It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let that thought be written
indelibly upon your mind.� “It may surprise many to know that in my method of trading, when I see by my records that an upward trend is in progress, I become a buyer as soon as a stock makes a new high on its movement, after having had a normal reaction. The same applies
whenever I take the short side. Why? Because I am following the trend at the time. My records signal me to go ahead!� Jesse Livermore, “How to Trade in Stocks�

If you want to invest in local market, I would suggest "I Love Stocks" by Pauline Yong. Simple but give you an overall understanding of the stock market.

To begin with, You have to start with basics. I mean You have to know the difference between bonds and funds,shares, deriatives, commodities and others. You can obtain the information from www.investopedia.com or www.nasdaq.com also www.klse.com. BTW Bursa sometimes makes free seminars, where different investment companies make presentations about stock market. You have to check it on their website if not mistaken is call KLSE TAlks. If You know everything I have mentioned before than You can start reading books about Warren Buffet, Soros and other famous investors.
NOTE: I am myself a beginner

Followed by "How to Make Money From Your Stock Investment Even in a Falling Market" by Ho Kok Mun, great insight

if u want to get a copy of Intelligent Investor can go visit my thread


This post has been edited by Molotov Cocktail: Dec 9 2010, 11:08 AM

All bookstores seem to have roughly the same prices, only difference is the sale/promotions offered at certain period...

If you're a Popular member, there's 20% off for all books till end of the year

There is? Last week when i visited Harris, I din't notice any sales going on.

The New Buffetology by Mary Buffet and David Clark

For extra reading, can consider Money in Warrants by Alan Voon. He explains the concept of warrant in stock market, and how to make profit from it.

This post has been edited by Nidz: Dec 26 2010, 01:21 AM

Tumpang thread..
personally I read rich dad prophecy.

Some good books which I found good to learn from :

1. Rich Dad Poor Dad by Robert Kiyosaki
2. Learn to Earn by Peter Lynch
3. One Up Wall Street by Peter Lynch
4. Beating the Street by Peter Lynch

These books can be bought at very competitive prices at bookdepsitory.co.uk (my favourite place to buy books).
Also, there are good websites with wealth of information such as investopedia.com, fool.com and smartmoney.com (these are also my favourites).

Have fun learning !

Too many but the truth is less than 5 of the really good books is enough to get you a long way.

---

Added on December 29, 2010, 2:40 pmKiyosaki may be for the high schooler.. but Peter Lynch, I only know he's a major trader back in the day, why do you recommend all his books?

This post has been edited by Polaris: Dec 29 2010, 02:40 PM

He's legendary, you can look at his fund's performance during his tenure.

there are many books out there to suit all kinds of gamblers, investors, traders & etc
the trick is, r u able to apply theory into practice
do u follow it 100% or u mix & match to see its results, its an art per se

I know some r not interested & they rather let unit trust handle for them, no issues
some also got truly burnt & they let unit trust handle for them no issues either
it all depends on own preference

anyway, I do hold short term & long term position
there is nothing to update on long term position, coz it just sit there for dividend, bonus & etc
if want to make thread discussable, then u'll only see discussion on short term position

I have read & glance thru most of the books mentioned, but does it suit u?
dun take forever to decide who u wanna follow
all u need to do is put down ur real hard cash on the line
Voila! ur emotions come to play!! can u follow ur own rules or those 100% theory books when that time comes

It's good to have a reading list while actively trading for reflection and revision purposes.

kudos to that

well then, here's to more reading. whether in bolehland can apply the concept or not? no idea but in usa, heheh... a forumer said no spoon feeding

Nicolas Darvas was a renaissance man. Literate and athletic, he was good at a wide range of activities. He trained to be an economist at the University of Budapest. He earned a living at occupations as disparate as creating crossword puzzlesand sportswriting. He played championship pingpong. He toured Europe and the U.S. as one of the world’s highest paid ballroom dancers, book publisher Lyle Stuart noted in the preface
of one of Darvas’ works.

Darvas’ most enduring feat was conquering Wall Street — in his spare time. Still dancing full-time, he parlayed a $3,000 bet on a speculative
Canadian mining stock into a series of investments that culminated in a $2.25 million portfolio. That success earned him a profile in Time magazine. His 1960 book, “How I Made $2,000,000 in the Stock Market,� was a best-seller. It still pops up on reading lists for investors. Darvas’ book is notable for its skepticism about Wall Street’s conventional wisdom.

He wrote in a later book titled “Wall Street: The Other Las Vegas�: “Wall Street is nothing more than a huge gambling casino, bristling with dealers, croupiers and touts on one side and winners and suckers on the other. . . . I had been a winner and was determined to stay one.� He stayed one through his discovery of a strategy based on patterns formed by share prices. It was a strategythat involved no recommendations from analysts or brokers, no hot tips, no financial stories.

The crux of his strategy was price and volume data. Darvas (1920-77) developed what he called his box theory. As some stocks climb, their
share prices stay within a range. Some break through the bottom of that range — or box — and are less likely to rally much soon. Others
rise and set up a new, higher box. As soon as a stock climbed to start a higher box, Darvas liked to buy. Gradually he realized that institutional
support from big money on Wall Street helped keep top-performing stocks from falling out of their boxes. What his strategy boiled down to was capitalizing on winning stocks’ price gains.

That approach would be familiar to investors who use and know the importance of charting stock patterns. Darvas arrived at his technique
through a mix of circumstance and trial and error. Born in Hungary, he studied to be an economist at the University of Budapest. With the
outbreak of World War II in 1939, he feared the Nazis and communists vying for control of his country. At age 23, with a forged visa and a little money, he fled to Turkey. Teaming with his half-sister Julia, they became one of the most popular professional dance duos in Europe
and, later, America. In 1951 he came to the U.S. He trained diligently for eight hours a day to hone his hoofer skills.

Darvas applied his dogged determination to learn about stocks. Soon he had read 200 books on investing. His first stock was offered to him in
1952 by two Toronto nightclub owners. The impresarios said they would pay him for a dancing engagement with 6,000 shares of Brilund, a
Canadian mining firm. The stock then was worth 50 cents a share. Darvas didn’t take the Toronto gig. But to show goodwill, he bought
their Brilund stock for $3,000. He forgot about it until months later.

He glanced at the stock’s price in the paper. “I shot upright in my chair,� he wrote in “How I Made.� “My50-cent Brilund stock was quoted
at $1.90. I sold it at once and made a profit of close to $8,000.� He inspected charts. He noticed that as stocks moved up, they traded within a range. Leading stocks moved up again, trading in a higher range. He called each range the stock’s box. When a stock pulled back within a box, that was often a sign it would vault into a higher box. “Before a dancer leaps into the air he goes into a crouch to set himself for the spring,� Darvas wrote.

I have just finished reading "I Love Stocks" by Pauline Yong, so which is the next local books for beginners to read? I just went to popular bookstore and there are so many!!!
Which of the following should I choose:
1. Stock Market Secrets - Andrew Chia
2. Infinite Wealth - Lai Seng Choy
3. Conrad Alvin Lim/ Adam Khoo's books
4. How to make money from your stock investment even in a falling market - Ho Kok Mun
5. Roadmap to Financial Freedom - Yap Ming Hui
Pls advise, thx!