6 BRILLIANT but Lesser-Known Books on Investing | Best Investing Books | For Beginners & Advanced
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- Опубліковано 12 чер 2024
- 👉 Book Links:
▸ Against the Gods: amzn.to/3T0LlXC
▸ Reminiscences Of A Stock Operator: amzn.to/3sSNx8O
▸ Stocks for the Long Run: amzn.to/3SXUboP
▸ Extraordinary Popular Delusions and the Madness of Crowds: amzn.to/3SZs5tk
▸ How to Make Money in Stocks: amzn.to/3uyai2m
▸ When Genius Failed: amzn.to/3SUy030
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In this video, we look beyond popular books such as The Intelligent Investor, One Up on Wall Street, Dhandho Investor and the Psychology of Money. We delve into some remarkable yet lesser-known gems in the world of investment literature:
1. "Against the Gods: A Remarkable Story of Risk" by Peter Bernstein: Dive into the history of risk, exploring its evolution from ancient Babylon to the intellectual curiosity of the Renaissance and beyond
2. "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay: Uncover tales of speculative bubbles like the Tulip Mania and the South Sea Bubble, revealing the intricacies of human psychology during times of irrational exuberance.
3. "Stocks for the Long Run" by Jeremy Siegel: Explore the compelling historical data showcasing the potential of stocks to offer higher returns and lower risk over the long haul, presenting a strong case for equity investments.
4. "Reminiscences of a Stock Operator" by Edwin Lefèvre: Step into the world of legendary trader Jesse Livermore, learning valuable lessons on trading psychology, market sentiments, and risk management from his life experiences.
5. "How to Make Money in Stocks" by William J. O'Neil: Unveil the CANSLIM method, an amalgamation of seven critical variables guiding investors through quality stock selection, chart reading, and strategic selling
6. "When Genius Failed" by Roger Lowenstein: Witness the rise and fall of Long-Term Capital Management, shedding light on the perils of excessive leverage and overreliance on mathematical models in the finance world
👉 Video Chapters:
00:00 Best Books on Investing
02:58 Against the Gods: The Remarkable Story of Risk
05:50 Extraordinary Popular Delusions and the Madness of Crowds
09:22 Stocks for the Long Run
12:14 Reminiscences of a Stock Operator
14:27 How to Make Money in Stocks
16:18 When Genius Failed
#investingbooks #investmentbooks #intelligentinvestor #againstthegods #jesselivermore #howtomakemoneyinstocks
Disclaimer: I am not a SEBI registered investment advisor or research analyst. I am not registered with PFRDA or IRDA either. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented. Some of the links I have posted in the video, the description, the comments and other related resources might be affiliate links
RIP charlie munger 😢
Shankar sir you are just exceptional. While i thought and felt you would be sharing the few or most of same books which others have shared and looked as part of your content earlier but no, you proved me wrong by just sharing gem of master pieces from the lot of thousands and lacs of books...
Your recommendation not just proves your hard work with an eye for detail, which as always you do for equity market or MF, it's further strengthen different pillars of my faith which has made you as my 1st and a leading choice of educator and a guider...
Kudos to you, pls keep up your good work.. many thanks
Hello Ashish, I am happy you can see value in the work I do. I read somewhere that what contributed to the success of Buffett, Marks, Greenblatt etc. is the novelty i.e. they weren't oft-used investing methods of their time. But now these have been copied sufficiently that it starts seeping into everyone's way of investing thereby losing some potency. It was an important point because I felt this should be the case with books aswell and its the non-popular books where the next secret is hidden. I try to pick one unusual book every 6 weeks and even if it gives 3,4 thought-provoking ideas, I feel the book has done it's job. Thanks for keeping the faith in my content
Currently reading "All I want to know is where I'm going to die so I'll never go there" by Peter Bevelin. It is about life and investing lessons narrated as a conversation between a wisdom seeker and Warren & Charlie. Some really good takeaways from Charlie which will stay with reader forever. R.I.P Charlie.
Thanks for sharing
Consistently amazing and thought provoking videos ...thank you shankar sir..
You're most welcome. Glad you liked it
I have never heard of these books though I know the most common books you have mentioned in the beginning. Exceptional content. I always go through the comments section of your videos and they never disappoint me as some have suggested some other books here. Thank you for the high quality content.
Glad you enjoyed it! And thank you very much for your kind words and appreciation
It's always good to hear you.... Definitely going to read the books. I have started reading The Intelligent Investor and see it as a beginners holy grail. Keep up your distinct work.
Hope you are enjoying the Intelligent Investor! Thank you
Consistently sharing educational videos, Thanks Shankar
My pleasure
It's my first video from yr channel... amazed to see the freshness & depth in the content.
Thank you! Watch a few more, this is a good playlist to start off with: ua-cam.com/video/R2KM1SJuED0/v-deo.html
@@shankarnath thanks for sharing, I've bookmarked all the videos.
Will complete all soon.
Few other good books suggestions are
1) Five rules for stock market investment
2) Warren buffett portfolio
3) Coffee can investing
4) The essays of warren buffett
5) Thinking fast and slow
Thanks for sharing
Sir thanks a lot for such type of videos.
Most welcome
Very informative video sir. i already have 'when genius failed' and 'Reminiscence of a stock operator. Definitely buy the remaining books soon.
I recommend that you read Nassim Taleb's books, particularly 'fooled by randomness,' if you haven't read it yet. It provides great insights into randomness, luck,chance,risk, probability, nonlinearities, skewness, asymmetry, and other important concepts about markets and life.
Thanks for the suggestion
Hello Shankar, Nice video. Thanks for showing us the gem.
I've read 2 out of 6 books. Currently reading the same book as you.
In your last video on CANSILM you promised us part 2 of that. Hopefully you will get around to doing that video soon.
Many thanks to you for book suggestions.
What you learn after 2 books
Most welcome & thanks for the follow-up. CANSLIM is in my content queue; will release when it feels complete & ready.
Excellent post again. Against the Gods is one of the finest books I have read in the recent past. Only one book in this list describes how to sell the stocks. But I doubt there are very few books or educational materials on how to exit a business. At least in my case, it is kind of Abhimanyu's state in Mahabharat. I know how to enter Chakravyuha but not get out.
Thanks for sharing your views
❤ thank you !
Welcome!
Bookmarks or images in the videos are very realistic and exceptional now a days.Keep it up..Seeing you young along with your lessons.
Thank you so much 😀
Hi Shankar,
Can you give some info on what is happening to the debt and future prospects in turnaround companies like suzlon in you third eye series or your newsletter ?
Thanks for the suggestion, I'll try
@@shankarnath thanks much.
Thank you sir❤
Most welcome
Nice
Eagerly waiting for next newsletter
I'll post one in the next 3-4 days. The first 1.5-2 months will be sporadic as I am to improve it functionally and fashionably. By mid-Jan, the newsletter will be weekly
@@shankarnath that's great to hear
great
Thanks
Thank you very much Bikash ji for your support and patronage all through this channel's life. I see that you've also subscribed to the newsletter -- and thank you for the introduction (my three questions)
Thank you sir
Welcome! 🙌
Kudos to consistent effort in educating common man
Thank you
RIP Charlie Munger. 2 other books I found interesting are what works on Wall Street by James o shaghnessey and quantitative strategies for achieving alpha by Richard Tortoriello.
Thanks for sharing
Been a big fan of your content since ET money days. Haven't found such knowledge enriching content anywhere. Thanks for that.
I appreciate that! Thank you for your continued support and encouragement
Big fann sir...❤
Thank you Suraj, glad you like my work
Exceptional
Thank you!
Thanks for sharing the info. Does these books still valid? People mindset changing with raising Social media content. Still FOMO, risk adjustment,herd investment etc are there but we are learning fast before falling deep into these traps/fails.
Glad you liked it
A small but good addition would also be The richest man in Babylon.
Teaches some very important conceptual lessons that apply to all times.
Thanks for sharing
❤
I would recommond : Trade Like a stock Market Wizard by Mark Minervini. Excellent book, the template gave me great stocks
Thanks for sharing
For ur newsletter I have to download the app .....???I have subscribed otherwise
Please click on shankarnath.substack.com and enter your email id. The next issue will reach you via email. No need to download the app
Namaste Shankarji- Basis your experience, please rate these sub-asset classes from ‘risk-reward ratio’ perspective (descending order) I.e.
1- Land in suburbs
2- mid-size green patch in rural (near proposed highway)
3- smallcap direct listed equity
4- apartment in any A-city (like Bangalore, Delhi/NCR etc)
5- mutual funds/small cases
6- REITs/Invits
7- Unlisted stocks
8- Commercial real estate?
Please run a memoir of legendary Charlie Munger.
Thanks for the suggestion
Why to use fake images on the youtube cover videos
Curious to know - how did you conclude this is a fake?
Thanks
Thank you Murali for your kind appreciation and gift