Apprenticed Investor: Reading Is Fundamental
It's astounding how little things have changed over the past century. Yes, information moves more quickly, and computing power has allowed for a more quantitative analysis of stocks -- but human nature remains immutable.
Quite simply, this is one of my favorite books on the markets and investing. The fact that it is from 1923 is totally irrelevant. If I could reprint the book with each mention of "coal" replaced with "oil," and if I substituted "Internet" for any time the word "railroads" appeared, you would have no idea when this was written. Indeed, you would think it was a current work.There is probably more market intelligence and trading wisdom in this book per word than any other I have ever read. I strongly recommend this one.
PsychologyAs a species, we are notoriously bad at understanding our own thinking and emotions. We are even worse at predicting our own behavior. Understanding your own mind and those of your fellow investors is crucial to successful investing. These books will go a long way to helping you understand your hardwired weaknesses and blind spots.
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