• Bookstore

    Here's some great reading to get you further along your investing journey

    The Alchemy of Finance - George Soros

    George Soros

    George Soros is unquestionably one of the most powerful and profitable investors in the world today. Dubbed by BusinessWeek as "the Man who Moves Markets," Soros made a fortune competing with the British pound and remains active today in the global financial community. Now, in this special edition of the classic investment book, The Alchemy of Finance, Soros presents a theoretical and practical account of current financial trends and a new paradigm by which to understand the financial market today. This edition's expanded and revised Introduction details Soros's innovative investment practices along with his views of the world and world order. He also describes a new paradigm for the "theory of reflexivity" which underlies his unique investment strategies. Filled with expert advice and valuable business lessons, The Alchemy of Finance reveals the timeless principles of an investing legend.

    This special edition features a new chapter by Soros on the secrets of his success and a new Foreword by the Honorable Paul Volcker, former Chairman of the Federal Reserve. Buy Now.

    One Up on Wall Street - Peter Lynch

    Peter Lynch

    Written in 1989 but remaining as relevant today, this book by Peter Lynch, the former Magellan Fund star manager, shows how individual investors can outperform the professionals by finding their edge in stocks they understand, that is, products or services they use or encounter in their day-to-day life. What I like about this book is its emphasis on simplicity. Picking a stock should be no different from analysing a local laundromat, drugstore, or apartment building you might want to buy. You don’t have to have proficient financial knowledge in order to beat the market. But you do need to avoid some common pitfalls. This is where the author lays out simple rules on which stocks to avoid, as well as investing wisdom such as ignoring the noise, the futility of market timing and the value of independent thinking. A required reading for all investors. Buy Now.

    The Most Important Thing - Howard Marks

    Howard Marks

    You’ve probably heard of the 80/20 rule — 80% of the effects come from 20% of the causes. In investing, a large part of an investor’s success can be attributed to getting a small number of big things right. Or what Howard Marks calls “the most important thing”. And no, finding the next profitable stock is not it. Rather, it is about managing risk to avoid losing money, understanding psychological biases, cultivating a good thinking process and having a dose of humility to know what you don’t know. This is far from a how-to book but the investment lessons from Howard Marks’ 30 years experience as an investor makes this one of the most important books to read.

    Buy Now.

    Common Stocks and Uncommon Profits - Philip A. Fisher

    Philip A. Fisher

    What stock should I buy? Philip Fisher answers that question by using a 15 points checklist to help individual investors ‘scuttlebutt’ and identify stocks that possess above-average growth potential. He provides investing advice on when investors should buy and sell their stocks, how to think about dividends, and what to avoid in investing. Philip Fisher’s investing philosophy is far from easy to apply, for me at least, but that’s one of the reasons that make it so important. Buy Now.

     

    The Little Book that Builds Wealth - Pat Dorsey

    Pat Dorsey

    Companies that can create long-term wealth are often ones that can generate above-average profits. But most companies fail to do that consistently in the long run because above-average profits attract competition. Competition erodes profitability. However, some companies have managed to fend-off competition by building a barrier around their business. Commonly referred to as “moats”, these barriers are structural characteristics of a business that makes it hard for competitors to replicate. In this little book, Pat Dorsey uses real company examples to show how these moats deter competitors, as well as some common pitfalls investors should avoid such as overpaying for a stock. If you’re interested in finding and owning quality companies, this is a book for you. Buy Now.

     

    What I Learned Losing a Million Dollars - Jim Paul, Jack D. Schwager

    Jim Paul

    Part memoir, part psychological self-help book, Jim Paul tells the story of his meteoric rise as a commodity trader at the Chicago Mercantile Exchange and how he lost everything in the span of 3 months. His situation is far from unique. Most investors lose money in the stock market, not because of missed opportunities, but because their ego and overconfidence get in the way when making decisions. Our tendency to confuse net-worth with self-worth and associate our own identity in the stock market makes it hard for us to make the right decision when our ego and pride are on the line. The author offers several solutions on how investors can avoid personalizing the stock market to improve decision making. Buy Now.

     

    Reminiscences of a Stock Operator - Edwin Lefevre

    Edwin Lefevre

    First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever.

     

    Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life-and your portfolio.

     

    This is definitely my favourite book of all.  It's funny, insightful and a study of human psychological failings.  It's the steam-punk guide to the things that never change in markets, greed and fear. Buy Now.

    The Making of an American Capitalist

    Roger Lowenstein

     

     

     

    Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth century--an astounding net worth of $10 billion, and counting. His awesome investment record has made him a cult figure popularly known for his seeming contradictions: a billionaire who has a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura.

     

     

    Journalist Roger Lowenstein draws on three years of unprecedented access to Buffett's family, friends, and colleagues to provide the first definitive, inside account of the life and career of this American original. "Buffett" explains Buffett's' investment strategy--a long-term philosophy grounded in buying stock in companies that are undervalued on the market and hanging on until their worth invariably surfaces--and shows how it is a reflection of his inner self. Buy Now.

     

    You can be a Stock Market Genius

    You Can Be A Stock Market Genius

    Roger Lowenstein

    Fund manager Joel Greenblatt has been beating the Dow (with returns of 50 percent a year) for more than a decade. And now, in this highly accessible guide, he's going to show you how to do it, too. You're about to discover investment opportunities that portfolio managers, business-school professors, and top investment experts regularly miss -- uncharted areas where the individual investor has a huge advantage over the Wall Street wizards. Here is your personal treasure map to special situations in which big profits are possible, including:

    * Spin-offs * Restructurings * Merger Securities

    * Mergers * Rights Offerings * Recapitalizations

    * Bankruptcies * Risk Arbitrage

    This is a practical and easy-to-use investment reference, filled with case studies, important background information, and all the tools you'll need. All it takes is a little extra time and effort -- and "you can be a stock market genius." Buy Now