Are you going to post book recs along these lines too? I've gone through all the beginner books and it'd be great to see what kinds of advanced books you study.

My picks should be fairly advanced in what they are. No one writes the best trading ideas though.

Since it hasnt been mentioned, Seth Klarman and Toby Crabel's books are totally worth the amazon used price...assuming you can easily find the pdf version like any real value investor would...

Thank you very much for your time to put this together.

Thank you!

Also have this contribution. One of the bloggers I know.

http://www.finanzine.com/

Found two great resources on Value Investing last week:

GUIDE - The Intelligent Investor

and

YouTube - Introduction to Value Investing

I have read "The Intelligent Investor", but I find it a bit try and thus hard to take away much of the advice in there, so the video explained it quite nicely and the thread gave a good example of a valuation of a company.

Hope someone finds these useful!

Steenbarger's Enhancing Trader Performance book is excellent.

Another excellent trading psychology book is How To Become A Successful Trader: The Trading Personality Profile: Your Key to Maximizing Your Profit With Any System by Ned Gandevani.

The book goes into detail about the big 5 personality traits (Openness, Conscientiousness, Extroversion, Agreeableness and Neuroticism), gives you self-tests to define your personality traits, and analyzes how various personalities match up with various trading styles.

It's kinda like an aptitude test for trading. Highly recommended. Helps you find your niche, as Steenbarger would say.

I highly recommend Zack's Investment Research. They follow about 4000 domestic stocks. For about $100 a year (I signed up for 3 years at $300), you get access to Zack's Premium site which features the Zack's rank.

Zack's believes that earnings are an important driver in stock moves. They rank each of 4000 stocks 1-5 based on all available earnings estimates, and whether the changes to the estimates are positive or negative, and whether earnings announcements are a positive surprise or negative surprise.

The top and bottom 5% of the stocks get a Zack's 1 or 5 rank. The next 15% get Zack's rank 2 or 4. The middle 60% get a Zack's rank 3. Zack's also ranks each industry, broken down into 217 sub-sectors.

For a technical trader, I believe the Zack's rank is an excellent cheat sheet on the fundamentals of a company. If I am looking to short a stock based on the charts, I make sure its not ranked a 1 or 2 by Zack's. If I want to go long based on my technical analysis, I make sure the stock is not ranked 4-5 by Zack's first.

For more info on the Zack's rank, see here.

Here are two other sites i enjoy.

wisbread.com is basically a frugal site

frugaldad.com is almost the same as wisebread except it's dad oriented and it doesn't have forums.

margin of safety

Sick sick post. Can we also have some tips on books about: 'managing'/starting a business and other general books on business

The Business of Options: Time-Tested Principles and Practices is a great book for people trying to learn options.

great OP ty

I think this site should be added to the list http://ocw.mit.edu Not sure under what category though.

Margin of Safety
Buffett's letters, anything Lynch wrote, or Neff.
Fortune's Formula.

Anything by Damodaran, that should go in the beginner's Finance/investing pile, his stuff is the nuts.

You are very highly over-rating Ritholtz, I can find 2 factual errors in any of his longer blog posts, 3 if I read carefully. His 'economic' research isn't remotely top-notch, I can't think of one major buy-side investor who would agree with you on that.

http://bigpicture.typepad.com/commen...celerat-1.html
Barry once again makes his consistent error* of comparing NSA-figures to SA-figures, as he does in his rant on this topic consistently. That's like comparing retail sales in March with Easter to retail sales in March without Easter. A straight comparison gives you a nonsensical answer.

And saying he was the only bear is LOL_tastic, try Jeremy Grantham, or John Hussman [or Ray Dalio] or a cast of thousands but those 2-3 put out very, very well-written weekly/monthly pieces that are head and shoulders above. Any number of well-known economists, buy-side analysts, and investors had turned bearish on housing by mid- 2005 or earlier, such as Steve Mandel and Ken Heebner, just to name 2.
Peter Schiff was bearish on the US and housing as well -- and his clients lost 50%+ last year. One call about one industry is meaningless.

Another good source of bearish thinking would be David Rosenberg.
Try GaveKal or Ed Hyman for actual top-notch research.



* Still think the B-D model somehow skews the data? Then don't use it. We have another, wider, employment series, the household survey.

m/m chg
3 mo avg 12 mo avg
payrolls -331 -478
Household -322 -463

So, even with the B/d adjustment, the survey of actual citizens shows lower unemployment trends than the adjusted payrolls.
Payrolls ignore firms under 50 employees, which doesn't sound bad unless you know that startups have created 3mm jobs annually, on average, for the past 30 years.

Poor Charlie's and Swensen are both great reads.

Pabrai has absolutely *incinerated* his client's assets. You'd have done better at the craps table the past few years. He does not know how to protect his clients during a downturn.

Hey, does anyone know any good small business blogs / websites? I have a few that I like to check, but it's hard to find good ones. I imagine most small business owners are too busy running their businesses.

For Business Ideas:
www.springwise.com
www.coolbusinessideas.com
www.business-opportunities.biz

Other:
www.inc.com
www.entrepreneur.com


What I'd really like is to find some more blogs / sites by small business owners as well as blogs / sites for franchise owners. Anyone?

Second this. Here's the website in case anyone wants it: http://pages.stern.nyu.edu/~adamodar/

How to Invest in Stocks
What Works on Wall St I also found useful simply to look at the data and think about different ways of examining 'value,' and 'growth' and simple ideas that work over time precisely because they don't work every year.

Valuation, and Investment Fables by Damodaran plus the above mentioned site. He is a fantastic speaker/teacher if you ever get the chance.

I may have not seen it while I was skimming the thread, but did anybody mention the New York Times or the Economist?

Its in my OP.

sorry about that

My favourite book for options pricing maths is "Financial calculus" by Baxter and Rennie. (I believe it's the first mention in the thread.)

"dynamic asset pricing" by Duffie is ok, but it's very hard going. It's ultra-mathemematical.

So where are the recommended books on candles? A thread asking about candlestick books was closed with a reference to this thread . . .