Lux Investing
What is your favorite books on investing?
Two of mine are, Technical Analysis of the Financial Markets by John murphy and How I made 2 million dollars in the stock market by Nicolas Darvas .
Public Comments
- I like Robert Kiyosaki's teaching and he wrote one book particularly for investors, which is called "Rich Dad's Guide to Investing". Really interesting book, a lot of information which covers everything that is related to stock market and not only.
- The Elliot wave Theory and Optionetics
- ANything by Kiyosaki is great but your books sound groovy too. I also get into Brian Tracy.
- Everyone is a technician these days with little regard to understanding finance. Looking at stock charts to try to predict future prices, AKA technical analysis, has become the lazy man's path to riches. But it is fool's gold. The only way to suceed in the markets is to work at it - study the history of the financial markets, market theory, and your own mistakes and successes. Along those lines I would highly recommend The Four Pillars of Investing by William J. Bernstein. I have read dozens of books on investing and they all have some merit but to really succeed in the markets simply takes hard work and dilligence. Like anything else you can not expect to be better than everyone else unless you are willing to work harder then everyone else.
- Jim Cramer's "Real Money" hits home on reading account balances for companies while making smart and timely decisions.
