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Investment Books The following books are recommended reading for those who want to think like a professional investor. I do not recommend these books lightly! I have read all of them and recommend them because they contain wisdom that has provided me with enlightenment and improved my trading. A brief review is included with each book to help you judge which are best for you. You may notice that not all the titles are directly related to investing. Successful investing entails understanding the macro situation, including geopolitical situations, as well as economics and philosophy. These books provide insight into those landscapes. Enjoy...

Title (Click book for details)	Review


	*Market Wizards* is a book that is easily worth ten times the cover price, and of all the books on this list, it's the one I've read the most number of times... by far. Jack Schwager puts together a lineup of brilliant trading minds such as Ed Seykota, Paul Tudor Jones, Richard Dennis, Michael Steinhardt, Jim Rogers, and others. Schwager is quite keen in his interrogations, bringing out details about how each trader approaches the market, handles losses, and developed trading skills. Market Wizards is the kind of book that brings out something new with each read. Buy the hardcover because you will peruse these interviews many times. More >>> Doc's Full Review Author: Jack D. Schwager



	*When To Sell* provides invaluable insight into the psychological turmoil that besets traders faced with the simple act of selling a stock position. Without a doubt, the most difficult task faced by equity traders is determining when to close a position. In fact, many famously successful traders have stated that knowing when to sell is far more difficult... and far more important.. than knowing when to buy. Mamis warns readers of detrimental thought processes that induce poor decision making on the sell side and presents a thorough review of technical and psychological indicators that will improve timing. More >>> Author: Justin Mamis



	*Technical Analysis of Stock Trends* is an indispensable textbook. No professional works without it, and it is one of the few books that is worth manifold the cover price. Edwards and Magee present a lucid and methodical approach to reading stock charts in the first half of the book, then outline prudent trading strategies in part two. You will find that this text spends little time on your bookshelf and a lot of time open on your trading desk. More >>> Authors: Robert D. Edwards, John Magee



	*The Alchemy of Finance* is an indispensible text for anyone who is anything more than a casual trader. The book is loaded with case studies from Soros' own experience and provides a succinct view into the thought processes of one of the world's greatest traders. More >>> Author: George Soros



	*The Panic of 1907* describes an acute banking crises that gripped the United States in the first decade of the 20th century. The malfeasances of the banking community and the absurd reactions of politicians are spookily similar to what our country is experiencing today. The actions of contemporary banking leaders, particularly those of J.P. Morgan, are of special interest to any reader with a strong opinion on central banking because this crisis was a primary instigator of efforts to establish the Federal Reserve 6 years later. This book therefore illustrates how a credit crunch was handled prior to the government's ability to print money. More >>> Author: Robert F. Bruner, Sean D. Carr



	*Tomorrow's Gold* gives readers thier best look at the mind and methodology of one of the passed century's most successful money managers. Marc Faber lays out his outlook for future investment opportunities by comparing the current economic and politcial environment to similar situations from the past. The patterns of human behavior are striking repetitive, and Faber, along with other top money managers, cannot stress enough how important an understanding of history is to money management. More >>> Author: Marc Faber



	*America's Great Depression* is presented to us by one of the Austrian school's pre-eminent members. Now in it's fifth printing, Rothbard's analysis of the factors that lead to and extended the Great Depression (they're not what you think) is treasured by international money managers as a handbook to how government policies affect our economies and well-being. An understanding of these machinations will give readers keen insight toward forming expectations and investment decisions. More >>> Author: Murray N. Rothbard



	*The Investor's Equation* is an extraordinary book and invaluable to the analytical approach to investing. This book lays out the mathematical foundation for valuing a business and provides plenty of examples along the way. It is the best resource to be published for the value investor since's Graham's bible. More >>> Authors: William M. Bowen, Frank P. Ganucheau



	*Why Flip a Coin?* presents readers with a marvelously entertaining and insightful view into how and why decisions are made about common situations. Each chapter presents a topic, such as picking stocks, choosing a mate, deciding who to vote for in elections, how to make strategies to win a war, and more. For each topic, common misconceptions are presented along with lines of reasoning for maximizing your chance of making the correct decision. Ironically, this book will improve decision-making by giving readers greater insight into how uncertain things are. More >>> Author: H. W. Lewis



	*Brave New World Revisited* is not an investment book, but it will expand the mind of the investor. Written in 1961, Revisted is a dissertation by Aldous Huxley about his outlook for the rest of the 20th century. His views have proven to be spookily prescient. Understanding his line of thought from a retrospective viewpoint will provide the reader with valuable insight into macro-socioeconomic analysis. Although Huxley references his classic Brave New World, the prior work is not prerequisite reading. More >>> Author: Aldous Huxley


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