Two of my faves, Random Walk & Trading & Exchanges, have been mentioned by several others, so I won't comment further. Some other books I've enjoyed have been Lewis: Liar's Poker, Das: Traders, Guns & Money, Niederhoffer: Education of a Speculator, Partnoy: FIASCO and Kinderhoffer: Manias, Panics & Crashes. And Taleb: Fooled by Randomness.
Ask HN: How did you learn about stocks and the market?
71–80 of 161 posts
Re: Ask HN: How did you learn about stocks and the market?
#72I had a class in high school freshman year where we would get a $10,000 fund to paper trade with. We'd make our selections and record them in a journal. Each day, we'd review the WSJ and track prices on our picks.
I went to watch stock ticker channels on PBS at homes and subscribe to Investor's Business Daily.
From there, I spoke with my parent's financial advisor and was able to make some small purchases to invest some of my family's real money.
Re: Ask HN: How did you learn about stocks and the market?
#73Keep putting your money(about 10% or more if you can swing it) in a good index fund and ignore it for 40 years. There's a good chance you'll do about as good as 50% of the stock market investors(or more counting fees lost) and you can do something more productive with your time. Stock market investing reminds me of that insurance commercial with the fishing pole. "you gotta be quicker than that..." If you want a bett…
If anyone finds themselves debating between these options I highly recommend you listen to this, it's a great quick summary:
http://www.npr.org/sections/money/2016/03/04/469247400/episo...
Re: Ask HN: How did you learn about stocks and the market?
#74"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing. http://www.amazon.com/gp/product/0393352242 Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
I'm on page 200 of this book. Didn't know much about investing beforehand, good read so far in my opinion.
Re: Ask HN: How did you learn about stocks and the market?
#75Ask yourself this question: "What do you know that no-one else does?" Then find a way to trade based on this information.
Re: Ask HN: How did you learn about stocks and the market?
#76If you really want to dive into the technical details there's really no better book than Hull's "Options, Futures, and Other Derivatives". It's extremely well written and if you have a basic understanding of calculus and probability the math isn't too difficult. The only catch is that it is a very expensive book, but if you buy a used copy a few editions back it is more affordable. Also don't worry about the "derivat…
+1. I worked as an equities trader and this still sat on my desk in place of any equities books.
> Personally, I think the basics of quantitative finance are just as relevant to Data Science as machine learning is.
100% agree. As a hobbyist on the data science side, I still refer back to the book whenever I get a "this looks familiar" thought.
Re: Ask HN: How did you learn about stocks and the market?
#77"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing. http://www.amazon.com/gp/product/0393352242 Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
This was my intro as well, and I've already recommended it to a number of people.
Malkiel believes in investing over gambling/speculating. That means trying to obtain market returns rather than trying to beat it, using very-low-cost funds like those offered by Vanguard. A great place to read more about this philosophy, when you finish Random Walk, is the Boglehead's forum.
Re: Ask HN: How did you learn about stocks and the market?
#78"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing. http://www.amazon.com/gp/product/0393352242 Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
I'd recommend this as well. It's obviously an old classic but I read it a few years ago and was pleasantly surprised how updated the author has kept it.
Re: Ask HN: How did you learn about stocks and the market?
#79"A Random Walk Down Wall Street" is THE book I recommend for accessible framework on the different strategies people approach the stock market and investing. http://www.amazon.com/gp/product/0393352242 Edit: WSJ Review: “Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book.”
Khan Academy is a great resource for this. Salman worked in finance.
And it really does depend on how deep down the rabbit hole you want to go. I do equity research now... feel free to contact me.
Re: Ask HN: How did you learn about stocks and the market?
#80You will never, ever beat the market by making smart trades.
Get real- you're a beginner reading investopedia. Active funds employ hundreds or thousands of people who work more than full-time to support an operation of systematically studying investment opportunities and exploiting inside information to beat the market, and even they don't beat the market.
Put your money in a diversified portfolio of index funds and leave it alone. Making targeted trades costs money and will do no better than index funds anyway.