Like you I dream of investing in the stock market to make money. Not big money but simple 10% returns, year over year.
The trouble is that the market is so complex and confusing. It seems to take an infinite amount of time, research, and knowledge to make it work. To which, I respond, there has to be a book to explain it all to me.
A novel that encapsulates all I need to know into pithy, poignant statements. Offering a way to avoid all the simple mistakes and skip right to the business a making money.
I have found the first book of that kind for any investor, Reminiscences of a Stock Operator by Edwin Lefèvre.
Reviews:
The most important investment book for today’s investors isn’t on the hottest new trend–it’s a book written over 70 years ago. Originally published in 1923, Reminiscences of a Stock Operator continues to inspire each new generation of investors.
Unknown to most modern-day investors and traders. Reminiscences of a Stock Operator is one of the most important investment books ever written.
Although Reminiscences…was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer’s frenzy on the foreign exchange markets.
After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.
Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim. When asked, people in the know will always list books by Graham, Malkiel, and Fisher. You’ll know you’re getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre.
