It sounds like Malkiel's is a clearer priority. Maybe one is a better introduction, and makes the other easier to read? View. The easy-going and simplistic stock picking style discussed in this book brought Lynch great success in his profession as a fund manager at the US mutual fund company, Fidelity. the book basically just drives that point home. How to avoid loss and earn consistently in the stock market – Prasenjit Paul ; 7. A new approach to diversification—one that takes account of growth and inflation, and whether they come in higher or lower than expected—can be surprisingly effective. Unfortunately Graham's book was written in the 1940s, and by his own admission it's out of date and borderline no longer applicable. Value Investing and behavioral finance – Parag Parikh; 8. A Random Walk Down Wall Street is more or less the case for index funds. 10 – How to Make Money in Stocks: A Winning System in Good Times and Bad . Those observations made at work or at the grocery store can translate into valuable, on-the-ground knowledge that can inform investments. also, it's fucking hard to beat the market over the long term. In addition, he has sold over 1 million copies of the book. Nice writing, paper quality is some what ok, suits for all readers.Read both one up on wall Street and intelligent investor. Check out our wiki and Discord! The content is so valuable that Warren Buffett calls it “the best book on investing ever written.” First published in 1949, it’s had several updates to make it relevant for the current market. My main take-aways were: 1) Understanding the balance sheet … What the everyman needs to do, Lynch explains, is pay close attention to the products and services they encounter on a daily basis. View. Almost any post related to stocks is welcome on /r/stocks. a REMINDER that while its important to have KNOWLEDGE, you also need tons and tons of COMMON SENSE. The 5 AM Club. View. A Best Book For Investors Pick by the Wall Street Journal’s “Weekend Investor.” Download Free E-Book […] View. Intelligent Investor are more focused and fundamental analysis based than technical. It doesn't matter which first. One Up on Wall Street provides a great overall foundation for investing and how people can utilize companies they know/understand and products they use and enjoy to make successful investments before the stock catches the attention of the large institutional investors. Benjamin Graham is the author of this awesome and beautiful book. Rich Dad Poor Dad: Kiyosaki. Thanks for the info, I am surprised I did not know that about Graham's book. Press question mark to learn the rest of the keyboard shortcuts. One of the earliest proponents of this fundamentals-based value investing strategy was Benjamin Graham in the 1920s. What’s more amazing is that Steinhardt did it with stocks, bonds, long and short options, currencies, and time horizons ranging from 30 minutes to … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. It was good for the '90s, but maybe not so much now. I mean it's not a bad read (yes, it's boring) - it's hyped up because buffet talks about it all the time, Edit: I personally like reminiscences of a stock operator, I liked both, but perhaps leaning towards intelligent investor. Read them both. 3. A Random Walk Down Wall Street is more or less the case for index funds. By paying attention to the best ones, we … The list goes on. Looks like you're using new Reddit on an old browser. Also Read: 12 Best Investing Books everyone should read before stock market trading. Pit Bull: Lessons from Wall Street’s Champion Day Trader . Just so you know rich investors such as Warren Buffett - a Graham disciple - openly mock the efficient market theories. And The Intelligent Investoris the first book ever to describe, for individual investors, the emotional framework and analytical tools that are essential to financial success. The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham, with commentary by Jason Zweig, is a thorough guide to the principles of portfolio creation, cost management, stock and bond picking, and stock ownership for the defensive, long-term investor.... 2 out of 5 stars; A bit TOO clipped for me By Philo on 11-01-15 The … I've read both and couldn't tell you which one I read first. One Up On Wall Street. My main goal is investing in retirement, but I like to play with stock trading too (for fun so far). I'd second this. The book is incredibly long and dry. Common Sense Investing. Many other books I have read focus on the … The details of this value strategy are spelled out clearly in his book, “The Intelligent Investor,” published 71 years ago. 'One Up On Wall Street' was written by Peter Lynch, one of America’s most famous fund managers and investors. The Intelligent Investor, and I feel like it hits home the idea, that MOST PEOPLE cannot beat the market, but that doesn't mean that investing is bad. America’s most successful money manager tells how average investors can beat the pros by using what they know. Apart from Benjamin Graham’s The Intelligent Investor, there is no better book to get started for beginners than Peter Lynch’s One Up On Wall Street. Read both. I understand the power and mathematics of compound interest and accounting concepts such as PV, FV and discount rate. Both are great reads. And, no, the theory is not "nonsense, demonstrably false.". Intelligent Investor is a good read for a beginner like Merriam-Webster's dictionary is a good read for someone trying to learn english. Add The Little Book That Beats The Market (and the sequel) by Joel Greenblatt to your list. View. I do however hold a position the Schroder Small/Mid Cap US Fund, which is a unit trust fund. I'd read The Intelligent Investor. In “One Up on Wall Street,” renowned investor Peter Lynch argues that average investors can rival professionals. Investment is nothing but commodities or goods bought today to be leveraged in the near future … Holy hell that was a nightmare. 50/30/20 Rule. You showed up on another thread of mine! I found that an interesting and entertaining read as well. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily … When you say "more or less the case for index funds," do you mean it makes the strongest case for them, or is the go-to resource for them? Read on to know more about Peter Lynch and his investing strategies in: One Up On Wall Street. This book is a must-read for every investor no matter their level of expertise. If you are trying to scare the guy out of investing by boring him to death then maybe. One Up On Wall Street . It gives a good methodology on picking certain stocks. "One Up On Wall Street" is kind of dated IMO. You are not disadvantaged vs. large, institutional investors You don't have to accurately predict the stock market to make money in stocks 4. (The gist of this whole post is: Which should I read first?). The Intelligent Investor famous book on the stock market is written by Benjamin Graham. Its half the length and Peter Lynch hammers home the same points as Graham with interesting examples that keep your attention. A Book of Practical Counsel (Revised Edition)” is a great book for people who want to invest for a living. We discuss how Graham’s strategies led him to stock market profits. The Warren Buffet Way- Robert G. Hagstrom; Stock market investment books by Indian authors. Hey, I like Amazon, so I should buy it even though it's way overpriced. America’s most successful money manager tells how average investors can … View. Did anyone read the chapter on bonds? View. Does one temper the other, or set a more wise foundation? First published in 2000, making it the second-youngest book on the list, One Up On Wall Street has become very popular (boasting over 590 reviews on Amazon) for its insights into how average investors can leverage certain advantages over large money managers. Index funds are a focus of the book (or theory), as well? View. So I will learn about efficient market theories in Random Walk, I presume? I'll probably get downvoted into oblivion but it's the truth. 18 people found this helpful Helpful The methods in the books are totally different though. PS: If it matters, I am non-American and will conduct my direct stock investment within my home country of Malaysia for the foreseeable future at the very least. Sideways Market. "Buy what you like and know"? This is another investor that few will recognize outside of Wall Street. Then onto intelligent investor (which is often referenced in the above. From the supermarket to the workplace, we encounter products and services all day long. Preston and Stig’s General Thoughts on the Book One Up on Wall Street was one of the very first books I read when … To keep an open mind to new ideas From my years on Wall Street, I found many of his theories and ideas to be completely accurate. Read Graham if you want a taste of how things used to be. If you want to get into index funds that's a great, safe way to go as well. “The Intelligent Investor: The Definitive Book on Value Investing. New comments cannot be posted and votes cannot be cast. Here I thought I had two neutral, educational books :P haha... New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Between the two books, which would you personally recommend as someone's first read (assuming that person can only read one book for the near future). it is NOT MEANT to teach you how to invest. Hey, I like Tesla (or at least I think I do), I should buy it even though it's way overpriced. Read Malkiel first. I would also recommend Nikolas Darvas "How i made 2,000,000". At the recommendations of people here, I've acquired both books, "A Random Walk Down Wall Street" and "The Intelligent Investor." If people see it in these teams, they'll have more reasonable expectations. Press question mark to learn the rest of the keyboard shortcuts. Besides value investing, The Intelligent Investor covers topics like portfolio policy, asset allocation, diversification, and dividends. I would 100% recommend Peter Lynchs "One Up On Wall St" before "The Intelligent Investor" any day of the week. The book talks about being successful in the stock market and lays the foundation for value investing. Do they complement each other? I intend to read them both over the next few months, but would like to make a smart decision about which would benefit me more, sooner. It remains the single best book on investing ever written for the general public. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances! 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