1. The Intelligent Investor: Chances are you are already aware of this investing classic. This is a great read specially to understand the cigarette butt strategy that served Warren Buffett in his early days. It is a very profitable strategy to this date, specially if you are a retail investor.
2. Berkshire Hathaway Letters to Shareholders: Every year Warren Buffett releases his letter to the Berkshire Shareholders. While parts of it may seem repetitive this is probably the single most direct resource where Warren Buffett shares his insights.
3. The Little Book that builds Wealth By Pat Dorsey: This one book is must read to get an understanding of competitive advantage or economic moats. Understanding of these concepts is key for long term value investing.
4. Elliott Wave Principle : Key to Market Behavior: This is a great book to understand Elliott wave principle, an advanced technique within technical analysis. It is a must read if you would like to use technical analysis for trading or long term analysis.
5. Technical Analysis of Financial Markets – John Murphy: This is a great book which covers technical analysis concepts in quite a bit of detail, though most of the concepts are covered in our technical analysis course as well.
6. Harmonic Trading – Volume 1 & 2 Scott M. Carney – This is another advanced technical analysis technique, though you may find some similarity with Elliott Wave Theory.
7. Reminiscence of a Stock Operator – This is a biography of Jessy Livermore a famous trader who was once asked to bailout the stock market. It was ranked #15 on Fortune’s 75 The smartest book we know.
8. The Big Short By Micheal Lewis tracks the brief history of people who benefited by shorting the real estate market during the 2008 subprime crisis. It is a must read as it reinforces the value of original & contrarian thinking based on hard facts.
