113.18% This Year
There are thousands of books on picking stocks and and hundreds of categories from day trading to stock picking for beginners, to technical analysis. We have broken out the top stock picking books into the following categories:
We also plan on putting up other categories of investing books in the near future. We definitely want to get a few books up here on Technical Analysis and Chart Reading. Also each week we give you a in depth review of a new book on stock picking. This week’s Book is The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
Howard Marks, the cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world’s leading investors. Now for the first time, all readers can benefit from Marks’s wisdom, concentrated into a single volume that speaks to both the amateur and seasoned stock pickers.
Informed by a lifetime of experience and study, The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today’s volatile markets, Marks offers a volume that is part memoir, part creed, with a number of broad takeaways.
This is a great book for the beginner investor who wants to know what it takes to think like a great investor. Each chapter digs deeper into the things that any stock picker must think about : investment philosophy, risk, cycles, psychology, and adding value. The answer is there is no easy answer, a successful investor must out think the stock market, and be one step ahead with second-level thinking to have a chance to beat the market. But even for those who can not devote the time to beat the market, the book will help you learn the most common pitfalls of investing so that you can avoid the most common mistakes.