Notice I didn’t write 10 books you have to read to make millions of dollars in the market. That just seems a little click-bait/Buzz Feedy. Unfortunately, from a data scientist/ SEO perspective that would have been the more profitable.
As we all suffer through covid-lockdown I just put together a list of books that I have read that I believe have shaped my understanding of markets and have molded my investment philosophy. I think bigger-picture books such a The Big Short and Black Swan are far more important than technical books.
Creating algorithms and or trading strategies is something that I believe starts with the creative process, maybe just staring at charts for hours or losing a lot of money. I’m lucky, I’m a self-taught coder and I can implement my strategies without getting caught up in whether my code is object-oriented and if I have the correct classes etc. I always say that the code is the easy part, it’s finding a good strategy that is hard part.
So these are some books that I have enjoyed and maybe you will too as well. If you have any recommendation, please leave them in the comments as I’m always looking for something to read / listen to.
Books that shaped my investment philosophy or possible continue to shape my philosophy strategy.
The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin
The Warren Buffet Way by Robert G. Hagstrom, jr.
How Technical Analysis Works by Bruce m. Kamich
The Black Swan By Nassim Nicholas Taleb
Beating The Street By Peter Lynch
The Big Short by Micheal Lewis
Flash Boys by Micheal Lewis
Confession of an Economic Hit Man by John Perkins
A mathematician plays the stock market by John Allen Paulos
Here are some other books, that I have read that but am not giving an a full endorsement. I especially disliked “Random Walk”, but that seems to be Wall Street favorite.
Malcolm Gladwell and Freaknomics books are good audio books and generally pretty easy to consume quickly:
The Tipping Point by Malcolm Gladwell
Blink by Malcolm Gladwell
Outliers by Malcolm Gladwell
What the Dog Saw: and Other Adventures by Malcolm Gladwell
Boomerang by Micheal Lewis
Freakonomics by Steven D. Leviit and Stephan J Dubner
The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham
Academic / Text Books
Option Volatility & pricing by Sheldon Natenberg
The Complete Guide to Option Pricing Formulas By Espen Gaarden Haug (This book is great for the formulas)
High-Frequency Trading by Irene Aldridge (Probably outdated and really that good.)