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One of the most notorious works of modern times, as well as one of the most influential, "Capital" is an incisive critique of private property and the social relations it generates. Living in exile in England, where this work was largely written, Marx drew on a wide-ranging knowledge of its society to support his analysis and generate fresh insights. Arguing that capitalism would create an ever-increasing division in wealth and welfare, he predicted its abolition and replacement by a system with common ownership of the means of production. "Capital" rapidly acquired readership among the leaders of social democratic parties, particularly in Russia and Germany, and ultimately throughout the world, to become a work described by Marx's friend and collaborator Friedrich Engels as 'the Bible of the Working Class'.
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Investing is a lot like driving down the highway with the windshield blacked out and only the rearview mirror to guide you. It is a wise investor indeed who studies the past and carefully considers the advice of the best minds that have come before. The challenge in equity investing is to find reliable, disciplined ways to exploit the stock market while controlling risk. In Investing Secrets of the Masters, Charles Babin and William J. Donovan draw from the knowledge and experience of some of history's greatest investment minds to present a simple, easy-to-follow strategy for building a portfolio that historically has provided a total return that outperformed the broader market.
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William Bernstein presents the readers of his latest book with the distilled essence of investment wisdom. He laments that his previous works may not have connected with the broad audience he had hoped to reach, but the events of the past year encouraged him to give it one more try. There is little in the way of mathematics or complex graphs to confuse the unwary. Sounding like a caring uncle dispensing advice with tough love, Dr. Bernstein drives his points home with laser-like precision. You will not find his narrative peppered with wishy-washy words like maybe, possibly, perhaps, or "kinda like." Note how he expresses himself in the following examples:
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Larry Swedroe, a prolific author on investing, has written another great book. In Wise Investing Made Simple, he examines the very core of our beliefs that much of Wall Street and the media reinforce. Swedroe also explores the cost to the investor for assuming that these beliefs are true.
If you're looking for another book regurgitating data on the underperformance of complex active investing, you won't find it here. In place of mind-numbing, forgettable data, Swedroe imparts his message through real life stories. These stories give us something relatable and memorable to take away from the book, and inspire us to make changes - financial changes, in this case. Each story has a valuable "moral of the tale."
Stories are also more fun to read than a bunch of data tables, and Swedroe is entertaining as he delivers his valuable advice. The moral of his tale is to build wealth for yourself rather than Wall Street.
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Sebastian Mallaby, a former correspondent for The Economist magazine, is clear on where he stands on the issue of hedge funds regulation. He is against it. With the possible exception of a few systemically significant funds, he thinks regulation would bring more harm than good, and that there are more pressing concerns for fixing the global financial system. Not that hedge funds are a sideshow. Mind you, they manage close to two trillion dollars, and their management style and compensation practices tend to define the zeitgeist on the trading floors of financial institutions. Hedge funds are cool: as Mallaby shows, they are definitely the place to be for smart people bent on making serious money, or for those with the ambition to rewrite the rules of financial theory.
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Napoleon Hill was born in 1883 in a two-room log cabin in Virginia's Blue Ridge Mountains. As a teenager, he worked as a newspaper reporter to finance his way through Georgetown University Law School. His outstanding reporting brought him to the attention of Robert Taylor, a magazine publisher, who employed Hill to write a series of success stories of famous men, the first of whom was Andrew Carnegie. Hill so impressed Carnegie that he commissioned him to do a job that would become a twenty-year assignment - interviewing 504 of the most successful men in America in order to find through their experiences a success formula that would work for the average man. Among those interviewed were such famous men as Ford, Wrigley, Wanamaker, Eastman, Rockefeller, Edison, Woolworth, Darrow, Burbank, Morgan and Firestone - as well as three United States Presidents. Hill published the first interpretation of the philosophy of individual achievement in 1928, exactly twenty years after the Carnegie interview. Think and Grow Rich has sold more than 30 million copies since 1937.
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Beat the Odds in Forex Trading presents a practical approach that adds certainty and systematization into Forex trading. Author and industry professional Igor Toshchakov shows how recurring market patterns?which can be recognized on a simple bar chart?can be successfully used to trade the Forex market. Written for traders at every level, this valuable resource discusses the challenges of developing a trading method, while revealing the author?s approach to the market?both from a philosophical and tactical point of view. Beat the Odds in Forex Trading contains specific trading strategies based on recognizable market patterns and offers detailed information on entry and exit points, profit targets, stop losses, risk evaluation, and much more. Igor Toshchakov (Woodlands Hills, CA) is a trader, money manager, and founder of the trading school and investment advisory firm Igrok Trading International. This school has taught hundreds of traders since it opened in 2000 and offers numerous online courses. Toshchakov currently manages several portfolios for various entities, and Igrok Trading International is the exclusive advisory firm for "Mina Capital" Fund of Funds in "C" and "D" share classes.
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How do some of the world's most successful traders amass millions of dollars in a year - or sometimes in hours? Are they masters of a priceless wizardry or simply the very lucky winners in a random market lottery that allows only a few players to become fantastically wealthy? What are the secrets of their unheard-of successes? After interviewing top traders in a variety of markets, market expert Jack D. Schwager concludes that while method undoubtedly accounts largely for trading success, no one approach is used by all, or even most, of the traders interviewed. Even more interesting is Schwager's finding that, as great a role as method plays, it must be accompanied by the 'proper' mental posture - a notion that surfaces frequently in the interviews. The secret seems to have more to do with personal attitude than with approach. What mental disciplines, what emotional responses, what intangible ingredients make these top traders so mysteriously effective? What enables them to work financial magic while so many others walk away losers? MARKET WIZARDS allows the reader to delve into the minds of these professional traders. It explains the very elements of their success .... different approaches used in different markets .... trading rules that each of them adhere to .... personal advice for other traders.
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Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle. Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game. Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders—some who focus on equities, others who deal in futures or foreign exchange—and examines the paths they've taken to capture considerable profits. With this book as your guide, you'll quickly become familiar with a variety of strategies that can be used to make money in today's financial markets.
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This is a great book. It will turn many of the conventional nuggets of wisdom about stock market on their head. It is a fairly complete book. For an individual trader it explains the investing process well. The 100 or so charts at the beginning of the book are very valuable and informative. CANSLIM is the right system to follow in my experience as well. Probably the most important piece of advice in the book is the advice to cut your losses short at 7-8% from your purchase price of a stock. Most recently 3 follow through days in the market have failed. This book however says that follow through days which mark the beginning of an uptrend in a stock market are reliable about 80% of the time. No book, no investing philosophy can be perfect, that's why one needs to cut the losses short so that one can live to fight another day.
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SINCE oil lubricates almost every geopolitical machination, triggering wars, coups and uprisings, it is a bit curious that there are so few thrillers written about the stuff. “The Garden of Betrayal” is a welcome addition to a tiny subgenre.
Lee Vance, a former partner at Goldman Sachs, brings an insider’s knowledge of the oil industry to this financial thriller. The picture he paints is engrossing though far from appealing. His cast includes a rapacious senator and his sleazy assistant, grasping middlemen, contract killers, a dying and duplicitous Mr Fix-it and, unusually for nowadays, a team of Mossad agents who are both humane and efficient.
“The Garden of Betrayal” is also subtly educational. Mr Vance has mastered the trick of gently feeding insider snippets to his readers without overloading them with information. The scenes at industrial conferences and the sordid backroom deals taking place behind the glitz are remarkably convincing.
The book’s protagonist, Mark Wallace, is an energy analyst. His 12-year-old son, Kyle, was kidnapped seven years earlier, leaving a mess of unresolved grief and guilt and a crippled marriage. Mark has never given up the search for his son but his wife is drifting away and seems about to leave. Suddenly, work and family life combine, with perilous consequences.
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Technical analysis has become an incredibly popular investors' tool for gauging market strength and forecasting short-term direction for both markets and individual stocks. But as markets have changed dramatically, so too have technical indicators and elements. The Encyclopedia of Technical Market Indicators provides an alphabetical and up-to-date listing of hundreds of today's most important indicators. It defines what each indicator is, explains the philosophy behind the indicator, and of the greatest importance provides easy-to-understand guidelines for using it in day-to-day trading.
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The Real W.G.Gann
Learn about W.G.Gann form his books. There is a good insight about Gann and his methodology.
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"This book looks at the stock market methods of Benjamin Graham, John Burr Williams, Warren Buffett, Robert Wiese, Joel Greenblatt, James Tobin, William O'Neill, Maynard Keynes, James Ohlson, Bruce Greenwald, Kenneth Lee, Robert Haugen and others.
The valuation methods include net current assest value, discounted cash flow (DCF), dividend discount, payback, magic formula, residual income, CANSLIM, q-theory, PEG and PEGY ratio, benchmark, option valuation, expected return and many others."(theconsciousinvestor.org)
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Book Description Published in 1995, the bestselling first edition of Trading Chaos provided readers with the most practical and comprehensive guide for applying chaos theory to the real world of trading and investing. But today, the markets are different than they were even a few years ago. So with fresh research in hand, coauthors Bill Williams and Justine Gregory-Williams have updated their profitable methods and provide new techniques to help you take profits from the markets.
Trading Chaos, Second Edition will not only show you how to anticipate, recognize, and react to impending bull and bear market conditions, it will also introduce you to the latest findings in physics and psychology as applied to various markets--stock, bond, futures, indexes, and many others.
The first portion of this book is devoted to understanding how the rewards you’ll acquire in trading and investing are determined by what is happening inside of you. By digging through some very interesting and deep psychological principles, you can become a profitable "trade/vestor"--using technical techniques for good short-term entries and exits, but also holding on to long-term investments when the opportunity presents itself. Trading Chaos, Second Edition will help you build a solid psychological foundation before you enter the markets.
A powerful new way to navigate today's unprecedented market conditions
"Bill Williams' pioneering application of chaos theory to the financial markets is leading technical analysis into the twenty-first century and beyond. New Trading Dimensions presents a complete, highly original, and intriguing trading method with clear, detailed illustrations, and challenging practice pages. Bill's wisdom, technical expertise, and skillful teaching style make this a revolutionary must-have new book for stock and commodity traders." —Tom Bierovic, Product Manager for User Education, Omega Research, Inc.
"Bill hits the nail on the head. The essence of successful trading is a combination of knowing who you are and allowing the market to reveal its secrets. Bill Williams has the gift of explaining these concepts better than anyone I know. This is a compelling work that belongs in every trader's library." —George Angell, author, Profitable Day-Trading with Precision
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Author Brett N. Steenbarger wrote a book even before the financial crisis. This book is an investor road from Alpha to Omega. Investors evolve moving a few stages. Each stage is described in detail in the book. Author advises how to avoid problems. However, to avoid problems on the investment way is difficult. Therefore, the author recommends cope with difficulties faster and easier.
Investor psychology is what the investor will never escape. Author attaches great importance to investor psychology in his book.
The stock market is like shoes. If they're too small, or too big, it will be difficult to go. Your luggage - the capital – will be scattered with these shoes. Therefore it’s very important to choose the investment strategy, what the most appropriate for you.
Like everywhere else in life, if you do work with the satisfaction you will success. You must get ready to trade in the market very consistently.
We highly recommend read it. It concerns to dummies and an experienced investor both. Apsidžiaugsite!
Some tips from the book:
Once you have identified a system that can be profitable over the course of time, then you have to develop a mindset in which you:
1. Focus on executing your system perfectly for each individual trade;
2. Focus on weekly or monthly gains and not the results of individual trades;
3. Track and quantify your performance mercilessly;
4. At the end of each day, each week, and month evaluate your actions and then commit to doing better tomorrow;
5. Stay positive in your thoughts and spoken words;
6. Stay away from negative influences that cause you to have doubts and fears about your ability as a trader;
7. Teach others to maximize their performance and, in so doing, maximize your own.”
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A very interesting book is in my hands. It is believed that this is the first book about the stock market.
This book was written by the seventeenth century thinker, merchant, poet and philanthropist. His name is Penso de la Vega, best known as Joseph de la Vega (ca.1650, Espejo, Spain — November 13, 1692, Amsterdam, Netherlands), and his best book is Confusion of Confusions, oldest book ever written on the stock exchange business.
It was write in the form of four dialogues between a "fastidious philosopher," a "prudent merchant," and an "erudite stockholder”.
This book is very important for us. Because it is one of the first analytical attempts to describe the different kinds of financial operations taking place at the time. It explores the impact of crowd behavior, and trading trickery on the financial markets.
It is unfortunate that Tulipomania in Holland (1624) - when Tulip Bulbs traded at a higher price than gold - was held before Joseph de la Vega was born. Our expertise has non-supplemented by very wonderful information – an ancient player’s behavior at “financial crisis”.
“De la Vega drawson the contemporary Messianic movement of Sabbateanism and the traditional Jewish Kabala.The anticipation of continued growth in share prices is allegorically associated with thereligious movement’s expectation that the world would end and Sabbatai Zeti become theMessiah. Furthermore, De la Vega associates the shares with fragments of the cosmos by wayof Philo’s reading of the Tower of Babel. The significance of de la Vega’s “economictheology” emerges from these sources: the financial speculator is an antinomian figure who,through the seeming chaos and perils of his ongoing speculation, must break the law in orderto uphold it and re-generate the society. The end of the paper develops a conception offinancial speculation after the death of God”
Review
"...the book sears into modern investor minds the dangers of following the crowd." -- Greg Heberlein, The Seattle Times
"This is the most important book ever written about crowd psychology and, by extension, about financial markets..." -- Ron Insana, CNBC
"You will see between its staid lines...that...nothing really important has changed in the financial markets in centuries." -- Kenneth L. Fisher, Forbes --This text refers to the Hardcover edition.
Joseph de la Vega’s quotation:
“What really matters is an awareness of how greed and fear can drive rational people to behave in strange ways when they gather in the marketplace.
Read and enjoy:
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The True Life Story and Time-Tested Strategies of the World’s Greatest Trader
"Excellent read! Captures the spirit and times of Jesse Livermore, legendary trader. The book tracks two major market crashes, love affairs, the shooting of Jesse Jr. by his mother, and two family suicides. . . . Never a dull moment." –Ace Greenberg, Chairman, Bear Stearns
"Terrific. I started reading it when we took off from Seoul’s Kimbo Airport on my way to Germany. By the time we reached Novosibirsk, Russia . . . I had finished it. I just couldn’t put it down! Not only is it a great lesson in investing and trading, it’s a fascinating psychological study of what makes a great speculator tick. The rise and fall of a great speculator as well as the rise and fall of his family is great reading. The fact that it is based on interviews with Livermore’s survivors and witnesses to the events makes it even more interesting. Great writing."–Mark Mobius, Managing Director, Templeton Asset Management
"As one of the most shrewd traders of all time, Jesse Livermore demonstrated how important discipline is when trading the market. Smitten . . . covers how Livermore created his rules . . . also reviews the lessons Livermore learned along the way to develop his strategies."–William J. O’Neil, Publisher, Investor’s Business Daily
"A stock market classic! Most entertaining and informative book on the market that I have had the privilege to read in the last twenty years. A must-read for students of the stock market–great even for those who have no knowledge of the market. Grabs you from the start and holds you enthralled from cover to cover. Great book!"–Dan Sullivan, Publisher, The Chartist, Fund Manager, and Investment Advisor
"After reading Smitten’s magnificent biography, two Japanese proverbs came to mind: ‘Fortune favors the bold’ and ‘Darkness lies one inch ahead.’ Smitten shows how fortune and darkness were integral parts of Livermore’s life . . . has the intrigue of a mystery novel and the lessons of a trading master. What more can one ask for? I eagerly recommend this book to anyone interested in history, the markets, and trading psychology."–Steve Nison, author of Japanese Candlestick Charting
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