Reddit reviews You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

• The Intelligent Investor - Benjamin Graham
  
  
• Security Analysis - Benjamin Graham
  
  
• The Interpretation of Financial Statements - Benjamin Graham
  
  
• Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports - Howard Schilit
  
  
• Applied Value Investing - Joseph Calandro
  
  
• Analysis for Financial Management - Robert Higgins
  
  
• Margin of Safety - Seth Klarman
  
  
• Common Stocks and Uncommon Profits and Other Writings - Philip Fisher
  
  
• One Up On Wall Street - Peter Lynch
  
  
• Beating The Street - Peter Lynch
  
  
• The Essays of Warren Buffett - Warren Buffett
  
  
• Snowball: Warren Buffett and The Business of Life - Alice Schroeder
  
  
• Buffett Beyond Value - Prem Jain
  
  
• Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald
  
  
• You Can Be A Stock Market Genius - Joel Greenblatt
  
  
• The Little Book That Beats The Market - Joel Greenblatt
  
  
• The Big Secret for the Small Investor: A New Route to Long-Term Investment Success - Joel Greenblatt
  
  
• Reminiscences of a Stock Operator - Edwin Leferve
  
  
• Fooled By Randomness - Nassim Taleb
  
  
• The Black Swan - Nassim Taleb
  
  
• Poor Charlie's Almanack - Charlie Munger
  
  
• Rediscovered Benjamin Graham - Janet Lowe
  
  
• The Theory of Investment Value - John Burr Williams
  
  
• Seeking Wisdom: From Darwin to Munger - Peter Bevelin
  
  
• Security Analysis and Business Valuation on Wall Street - Jeffrey Hooke
  
  
• Value Investing: Tools and Techniques for Intelligent Investment - James Montier
  
  
• Investment Valuation: Tools and Techniques for Determining the Value of Any Asset - Aswath Damodaran
  
  
• The Dark Side of Valuation - Aswath Damodaran
  
  
• Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports - Thomas Ittelson
  
  
• Buyout - Rick Rickertsen
  
  
• Influence: The Psychology of Persuasion - Robert Cialdini
  
  
• Why Smart People Make Big Money Mistakes: Lessons from the New Science of Behavioral Economics - Gary Belsky
  
  
• The Warren Buffett Way - Robert Hagstrom
  
  
• The Most Important Thing - Howard Marks
  
  
• Competition Demystified - Bruce Greenwald
  
  
• Accounting For Value - Stephen Penman
  
  
• Distressed Debt Analysis - Stephen Moyer
  
  
• Bankruptcy Investing - Ben Branch
  
  
• The Vulture Investors - Hilary Rosenberg
  
  
• Creating Value Through Corporate Restructuring - Stuart Gilson
  
  
• Distress Investing - Martin J Whitman
  
  
• The Aggressive Conservative Investor - Martin J Whitman

I'll give you some books to use as a starting point. You want to start out as generally as possible and then follow what interests you. Someone can give you a list of top books, but if they don't fascinate you enough to really dig in deep and reflect on them to sate your own curiosity, you'll just be scratching the surface. I don't care what it is, you can make money anywhere in the markets. So starting generally will help you find out what direction to go.

So, that said, these are the ones I'd recommend starting out with
https://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052
https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884
https://www.amazon.com/gp/product/1400063515/
https://www.amazon.com/gp/product/0684840073/
https://www.amazon.com/gp/product/0809045990/

Some less conventional ones I really liked
https://www.amazon.com/gp/product/1578645018/
https://www.amazon.com/gp/product/1422121038/

Chaos theory describes some properties that pop up again and again in markets. I really liked this one.
https://www.amazon.com/Deep-Simplicity-Bringing-Order-Complexity/dp/140006256X

I also highly recommend finding a few good books on behavioral investing, just to get acquainted with the common mistakes investors make (how you can avoid them, and how you can exploit them). I don't have a lot here because the books I read are outdated and you can find better. So one example:
https://www.amazon.com/gp/product/0470067373/

But in general reading about psychology will help you understand the world better, and that's always a good thing.
https://www.amazon.com/Flow-Psychology-Experience-Perennial-Classics/dp/0061339202

Oh thanks! Yeah he’s an incredibly intelligent guy, and based on his writings/interviews he appears very down to earth. Here’s an interesting interview whenever you’re bored: https://m.youtube.com/watch?v=bZfPJCAVQg0. Also, I think the book that I think he’s most known for is this: https://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073/ref=mp_s_a_1_1?crid=2VT30XV21B1CZ&keywords=you+can+be+a+stock+market+genius+by+joel+greenblatt&qid=1554855343&s=gateway&sprefix=you+can+be+a+st&sr=8-1. Again, cheesy title but the content is I think more useful for today’s investors in my view than the Intelligent Investor.

Investment professional here (well, a new one, I am an analyst)

Read this:

• Link 1
  
• Link 2
  
  
• Link 3 (No the price is not a typo, try to find at a library)
  
  Do this
  
  
• Start With a Fake Investing Account, I recommend investopedia's simulator. You are going to make mistakes, so why not learn from it early, when the cost is low.
  
• When you are comfortable, open a brokerage account like scottrade, etrade, IB, etc.
  
• Invest in companies you understand, and what I mean by that is you understand how the company is making money, and what is going to drive your investment in the future.
  
• Know your investment thesis: Will a company's margins expand due to a new acquistion? Will their revenue grow due to the number of new restaurants they plan on rolling out?
  
• If you are not willing to do all of this work, put your money in index funds or ETFs.
  
  Good luck.

According to Joel Greenblatt, yes.


He practically wrote a book on ways to profit from special situations including mergers, spinoffs, restructurings, etc. I'm reading it now actually.

http://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073/ref=tmm_pap_title_0?ie=UTF8&qid=1368761138&sr=8-1

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits By Joel Greenblatt There are a lot of great suggestions on this board. This book gives a lot of great common sense advice for special situations investing. Also, The Ivy Portfolio by Mebane Faber is a good read.

Basic cheat sheet. Good place to start. Slightly more advanced, but still easy to understand. Good resource for personal finance questions. If you want to start investing, open an investing account. Doesn't have to be much, a couple hundred bucks is fine. Best way to learn is from experience. You can make money, but you may lose some first. That's normal. Don't get discouraged. Learn from your mistakes. Best of luck and l've got more if you want it.

You can be a stock market genius https://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073

Deep Value https://www.amazon.com/Deep-Value-Investors-Contrarians-Corporations/dp/1118747968/ref=sr_1_1?s=books&ie=UTF8&qid=1482441120&sr=1-1&keywords=deep+value

If you are genuinely interested in the markets, this book is a great place to start: http://en.wikipedia.org/wiki/The_Intelligent_Investor. For context, this was written by Warren Buffett's teacher, in which class Buffett got an A+.


Another great book is "You can be a stock market genius", by the prominent hedge fund investor, Joel Greenblatt. Yes, the title is sensationalist, but the book is full of great fundamentals in stock market investing: http://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073


As far as advice - be wary of anything that looks too good to be true. Most of the safest and surest money is made from being thoughtful and patient. Reading these somewhat dense books is a great start that lots of people skip..


Best of luck!

Read these books:

http://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073

http://www.amazon.com/Quality-Earnings-Thornton-L-Oglove/dp/0684863758/ref=sr_1_1?s=books&ie=UTF8&qid=1410317146&sr=1-1&keywords=quality+of+earnings

http://www.amazon.com/Art-Short-Selling-Kathryn-Staley/dp/0471146323/ref=sr_1_1?s=books&ie=UTF8&qid=1410317189&sr=1-1&keywords=art+of+short-selling

Read You too can be a stock market genius - Joel Greenblatt.

This book was written by a hedge fund manager as a primer on special investment situations (that hedge funds normally take advantage of) for individuals who do not work within the industry. It will help you because it will inform you of the context and purpose of most if not all terms unique to your industry. The added bonus is that you would also understand what those hedge funders are up to, and be able to converse with them about their strategies in an intelligent way.

You Can Be A Stock Market Genius by Joel Greenblatt despite the shitty title is a book that a ton of professional value investors have used to get started. Some of the guys featured in the Big Short book mentioned it helped them get started and excited about investing.

Also, just start making trades but don't day trade - costs are too high IMO. You'll start winning and losing. Figure out what made the wins work and what made the losses lose. Make a list of Your trading rules. These will vary by investor/person. Find a recipe that works for you and your style and stick to it.