Apprenticed Investor: Reading Is Fundamental
Investing is such a competitive arena that no matter how good you think you are, it is important that you constantly develop new skills and improve your knowledge base. You cannot afford to simply stand still.
How can you do this? By learning as much as possible about how the markets operate, what makes the economy work, about new trading concepts and various schools of investing thought.
Don't think of this as light reading. While digesting any investing-related material, you must do so actively, with a keenly skeptical eye. At the same time, you need to have an open mind. Doing both at once ain't easy.
As part of my ongoing education regimen, I try to read 10 to 20 market/economic/trading-related books per year. This is on top of my regular research and media diet. If out of that list, I find three books that are truly worthwhile, it's been a good year (this year was excellent). After 15 years of this, I've found quite a few books that are truly terrific, and should be of interest to any investor thirsty to learn.Think of what follows as a course offering for those who want to improve their knowledge and skills. These were chosen for their readability, their wisdom, and their timelessness. If this were graduate school, you would cover this reading in a year or two. But since you probably have a day job, family and other obligations, I suggest reading a book per month. Take notes -- I jot down extensive notes in the margins -- then a year later, go back and reread your annotations. This is by no means a complete reading list. Many books were left off -- some were simply too advanced, others obscure, rather inaccessible. And that's not counting the pile of books I have queued up and haven't yet read. In order to keep any bias out of the list, I purposefully excluded books written by my colleagues at TheStreet.com. The writers here have a broad body of excellent work -- and none of it is included. So don't take this list as the absolute gospel.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV