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/lit/ - Literature


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17440231 No.17440231 [Reply] [Original]

Almost feel ashamed to ask, but having looked at the catalog and seen like about 1/2 the posts begging for recommendations I figure its okay.
Is there a recommended /biz/ reading list?

>> No.17440249
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17440249

nvm found it
reposting for any /biz/ frens who might come looking

>> No.17440253
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>>17440249

>> No.17440259
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>>17440253

>> No.17440267
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>>17440259

>> No.17440276

>>17440231
Coming from a guy who studied it for 2 years, its a fucking meme.
You could read one book about it and that would be fine, all theyre trying to do is predict human behavior with made up models that rarely hold up in reality.
Finance bros regularly get BTFO, but it doesnt matter as the amount of money they have means they can do nothing, but sit in the market long enough and let it grow.

>> No.17440516

>>17440231
You don't need to read all that, in fact most repeat the same messages. My personal list:
>Penguin History of Economics by Galbraith
>Principle of Economics by Mankiw
>Personal Finance and Investments:
A Behavioural Finance Perspective by Keith Redhead
>Mind over Markets by Dalton

These should suffice in order to know how finance works and learn the fundamentals to become a trader, especially the later two.

>> No.17440670

If you want to earn money with finance, then buy nasdaq and an etf world.
If you want to trade, do it every day and just follow the herd. You sell what other people sell and buy what other people buy.
Dont try to invent some crappy martingale or go against the herd.
Once you keep day trading for a few months, you try to time the market on a few stocks and also follow the herd (there is always money in following the herd)

>> No.17440679

>>17440670
>If you want to trade, do it every day and just follow the herd. You sell what other people sell and buy what other people buy.
Already doing this with crypto. Since GME happened, I want to try it out with stonks and I thought I'd gitgud a bit more first.

>> No.17442154

>>17440679
The stonk market feels useless after the gains in crypto. Only worth it if you already have a large sum of money and don't want to take a lot of risks anymore.

>> No.17442172

>>17440231
Bernstein's If You Can is a free pamphlet that summarizes all the boglehead positions. Aside from interesting books like Random Walk Down Wallstreet, Black Swan, Irrational Exuberance, and Devil Takes the Hindmost, /biz/ core can be distilled down to being debt free, investing in index funds until you are old, and living like a poor until ? Profit.

>> No.17442177

>>17442172
which is ironically the opposite of the crypto and meme stock positions most /biz/ posters take

>> No.17442285

Nassim Taleb

Then Nassim Taleb again.

Then something on mass psychology and contagions. The market is unironically and literally driven by memes. Literally. Unironically.

>> No.17442376

>>17442285
OP here, I can 100% believe this, coming from crypto.

>> No.17442439

>>17440249
>>17440253
>>17440259
>>17440267
All charts made by people who know nothing.
Actually list:
A Random Walk Down Wallstreet - gives a good overview of the trade

The Neatest Little Guide to Stock Market Investing - Gives a more fundamentals overview of investing/trading

Barron's Accounting - You need to know basic finance to be good at fundamentals investing

Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets - gives basic strategies for making money in daytrading

The rest you have to learn on your own. You have to be willing to pay expensive lessons in the form of losses, especially if your trading (as opposed to investing).
Focus on learning the basics of investing. Then focus on learning how the stock market actually works. I mean the actually mechanisms of it such as who brokers are, who money makers are, who the DTCC is etc.