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So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

 With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."
Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.
Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.
1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.
One Up On Wall Street covers virtually every aspect of investing, and is often a favorite book among professional investors.

If you only read one book on stocks, make it this one.

https://t.co/hZQoeDewHT
2. THE RICHEST MAN WHO EVER LIVED BY GREG STEINMETZ

Jakob Fugger is often considered one of the very first capitalists ever. he helped fund expeditions to Asia and the America's, played power games with European royalty, and built a personal empire.
One interesting thing about this book is HOW LITTLE HAS CHANGED when it comes to money and investments.

In 16th Centenary Frankfurt, homeowners made more money by renting their houses during a week-long trade fair than they earned from working all-year at their regular jobs.
The Richest Man Who Ever Lived is a fun, and informative read if you like politics, history, and finance.

While Jakob Fugger lived long before the modern stock market, you can still learn a lot from him.

https://t.co/qcGjAWO2jz
3. UNKNOWN MARKET WIZARDS BY JACK D. SCHWAGER or MONEY MASTER THE GAME BY TONY ROBBINS

I'm actually using this spot for two books which are somewhat similar, though aimed at different audiences.

Unknown Market Wizards is a collection of interviews with successful traders.
You'll learn about options, stock picking and market analysis.

Many of the interviews are fascinating too, there's a trader who made $1 million during his first year of investing, all through his personal brokerage account and all by reading forums and message boards.
However, Unknown Market Wizards is a bit more complex than the other book listed here, Tony Robbin's Money: Master The Game.

Money: Master The Game interviews professional investors and traders (many of whom you've probably heard of, like Ray Dalio).
What's great about this book is the fact that it breaks difficult concepts down by using anecdotes and examples, making it very easy for you to understand concepts like the "Asymmetrical Bet."
Both books are worth reading, and each is filled with interesting insights from some of the world's greatest investors.

Unknown Market Wizards - https://t.co/IiP2rw04me

Money: Master The Game - https://t.co/SMjGFqnFr3
4. DARK GENIUS OF WALL STREET BY EDWARD J. RENEHAN JR.

Media pundits cry about GameStop and crazy markets. But 2021 is nothing like the old days.

Long before GameStop, there was the Erie Railroad. This was a major battleground where investors made (and lost) fortunes.
Jay Gould was an 1800's financial speculator made his bones trapping and tricking opponents in some of the greatest stock market plays of all-time.

He cornered the gold market, tried kidnapping rival Gordon-Gordon, and took control of Western Union in their heyday.
If you want to see a true market master, read Dark Genius Of Wall Street.

https://t.co/E1fGfksU3m
5. INVESTMENT BIKER BY JIM ROGERS

A lot of rich people are boring. That's not the case with Jim Rogers.

From From 1970 to 1980, Rogers grew his Quantum Fund portfolio 4200%.

Then he retired and went on a worldwide motorcycle tour.
Investment Biker is all about Rogers' trip. It's an incredible travel story filled with danger and excitement, but you also get to see how a shrewd financial mind calculates decisions.
You'll learn about history, geography, real estate, mining, stocks, agriculture, and how all these things affect economies and markets.

https://t.co/Elw8LG9aeq
6. EVERYBODY OUGHT TO BE RICH BY DAVID FARBER

This is not a book about dueling with traders or how to buy assets.

Instead, it is an inspiring biography about John Raskob, stocks, corporations, and America's transformation into an industrial powerhouse.
"At the beginning of 1900, John Raskob had been a provincial twenty-year-old with a dead-end job in small-town upstate New York. A dozen years later, he had a leading role in one of the nation's fastest growing industrial corporations [DuPont]."
Raskob used his wits to leave his hometown, catch the growing trend of mass industrialization, and become an important (though somewhat obscure) figure in American history.
This is a fantastic book that showcases the power of investing, deal making, and recognizing opportunities you can take advantage of.

https://t.co/bFea9iNuvo
7. THE SOVEREIGN INDIVIDUAL BY JAMES DALE DAVIDSON AND WILLIAM REES-MOGG

This book is WILD. The Sovereign Individual was written over 20 years ago and yet much of its content is only now coming to light.
The book discusses ideas like decentralization, digital currencies, how establishments will break down due to technology equalizing individual citizens, and how the the digital world will alter structure of society.
While the author's didn't get all their predictions right, they nailed enough of them to make this book well worth a read; especially if you are curious about where the future is heading.

https://t.co/QJZAjWaHlB

More from Trading

Sarang Sood
Sarang Sood
@SarangSood
@javia_savan You answered it yourself 🙂
Adjustment cost is way too high for bnf. Sometimes bnf does exceed nifty in vol crush, but nifty overall is more consistent.
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Abhishek Kar
Abhishek Kar
@Abhishekkar_
𝐑𝐮𝐥𝐞𝐬 𝐨𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐓𝐡𝐫𝐞𝐚𝐝
The entire thread summarizes some important rules with respect to investing. Inspired by legendary traders,these will not only help you to grow wealth,but also make a smart investor. Hope you would like the thread & shower some love

Rule 1: Bulls, Bears Make Money, Pigs Get Slaughtered so chose your category wisely
Rule 2: It's OK to Pay the Taxes,Dont just wait for a 10% LTCG always. Sometimes you know it won't pay you
Rule 3: Don't Buy All at Once,Have patience market will give enough opportunities

Rule 4: Buy Damaged Stocks, Not Damaged Companies. Understand the diff b/w undervalued stocks and no value stocks. Everything cheap is not bargain,it could be trap.
Rule 5: Diversify to Control Risk,make sure you don't put everything into one stock,one sector or one asset class.

Rule 6: Do Your Stock Homework. You spend 5 hours to buy a cream on Amazon but research for 1 hr based on buying a stock on twitter! Well,do your homework.

Rule 7: No One Made a Dime by Panicking .Invest 2-10% and leave rest. If it falls,pain will be low,if moves,no FOMO haunt

Rule 8: Buy Best-of-Breed Companies,This doesnt mean you have to invest in the most expensive companies,all it means is you need to buy co.s with good earnings,promoters and sustainability
Rule 9: Defend Some Stocks, Not All
Rule 10: Bad Buys Won't Become Takeovers,STOP hoping
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Kirtan A Shah
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Learn about the STEEL SECTOR in this thread

The demand for steel is generally only 1.2 times the GDP & there is no significant growth in our GDP but still the sector has rallied relentlessly, lets try & understand

Do ‘re-tweet’ & help us educate more investors (1/22)
#Investing

The metal sector is broadly divided into 2,
-Ferrous is a category of metal that has Iron in it, Steel as an example
-Non-Ferrous is a metal, which does not have Iron content, Aluminum, copper, lead, nickel, Zinc etc.
This thread focuses on Ferrous & hence Steel (2/22)

To start, lets understand with how steel is made (its important).
Iron ore is mined, it is then first converted to Iron & Iron is then converted to Steel. There are 3 processes of making steel
-Blast Furnace
-Scrap Metal
-DRIP/Sponge
We will discuss all three (3/22)
ALL , SECTORLEARNINGS , STEELSECTOR
Trader knight
Trader knight
@Traderknight007
Overthinking - The art of creating problems which weren't even there.

Thread on How Over-analysis leads to decision Paralysis-


What is Analysis paralysis?

In simple terms, analysis paralysis is a person's tendency to over-analyze or over-think upon a decision to such an extent that he/she fails to make a choice resulting in a paralyzed state of inaction.


How a retail trader trades-

A trader named Rahul, He know all the basics of markets, He also has made a system which gives signals on nifty, he has also encorporated good Risk management and Position sizing into his system.

One day he gets a signal to buy Nifty at 13500 with stop at 13450, he wanted to take the trade, but he wanted to get sure that the trade he has take should be a winner.

So he says just let me check the RSI if its above this level I will buy , he checks it and it was above his

level, then again he wants to check another indicator named MACD, he wanted to get sure man, Now he do the most intelligent thing to get sure he gets right.

He goes to twitter and ask his twitter Friend Trader knight he ask him that should I buy nifty at 13500,
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Saurabh Bajaj
Saurabh Bajaj
@JigyasuInvestor
Saturday Thread Time.
Re-Read interview of Ed Seykota from @jackschwager
book "Market Wizards". It's the most philosophical interview among all interviews. Needs to re-read it over and over.
@vivbajaj Sir, a re-tweet would be highly appreciated.

1. Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible

2. The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

3. The profitability of trading systems seems to move in cycles. Periods during which trend-following systems are highly successful will lead to their increased popularity.

3.1 As the number of system users increases, and the markets shift from trending to directionless price action, these systems become unprofitable, and undercapitalized and inexperienced traders will get shaken out. Longevity is the key to success.

4. In order of importance to me are (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell.
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Sahil
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A list of cool websites you might now know about

A thread 🧵

1) Learn Anything - Search tools for knowledge discovery that helps you understand any topic through the most efficient

2) Grad Speeches - Discover the best commencement speeches.

This website is made by me

3) What does the Internet Think - Find out what the internet thinks about anything

4) https://t.co/vuhT6jVItx - Send notes that will self-destruct after being read.
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Coffee Sloth \u2615
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*Heads-up that this thread will feature some extreme examples of homophobia and transphobia.*

Hey folks, have you ever wondered why trans people face constant accusations of fetishism, sexual predation and child abuse/grooming? Well, today let's talk about stochastic terrorism.

So, first we have to talk about what stochastic terrorism actually is. Remember when there was a conspiracy that there was a pedophile ring operating out of a pizza parlour basement, and a crazed gunman showed up? It's that sort of incitement that stochastic terrorism describes.

It's the demonisation or incitement against a group of people or individuals with the intent that other, unaffiliated parties will act upon it; it's the releasing doctored footage and a shooter show up at Planned Parenthood as a direct result of what he's been led to believe.

So with that in mind, let's talk about Russia's extreme anti-LGBT laws that banned the "promotion" of LGBT lifestyles to children. A move that specifically marked LGBT people as a threat to children, and resulted in neo-nazis meting out vigilante "justice" against gay men.


Groups such as this would lure unsuspecting gay men via dating sites, and brutalise and humiliate them on camera. They did so under the guise of combating child abusers, one group calling themselves "Occupy
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Mo Rajabifard
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👨‍💻 Last resume I sent to a startup one year ago, sharing with you to get ideas:

- Forget what you don't have, make your strength bold
- Pick one work experience and explain what you did in detail w/ bullet points
- Write it towards the role you apply
- Give social proof

/thread


"But I got no work experience..."

Make a open source lib, make a small side project for yourself, do freelance work, ask friends to work with them, no friends? Find friends on Github, and Twitter.

Bonus points:

- Show you care about the company: I used the company's brand font and gradient for in the resume for my name and "Thank You" note.
- Don't list 15 things and libraries you worked with, pick the most related ones to the role you're applying.
-🙅‍♂️"copy cover letter"

"I got no firends, no work"

One practical way is to reach out to conferences and offer to make their website for free. But make sure to do it good. You'll get:

- a project for portfolio
- new friends
- work experience
- learnt new stuff
- new thing for Twitter bio

If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
You'll feel very overwhelmed, no escape, just acknowledge it and keep pushing.
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Vibhu Vashisth
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@VIBHU_Tweet
IT WAS RISHI KANADA WHO GAVE THE ATOMIC THEORY & TALKED ABOUT THE GRAVITY OF EARTH, 2600 YEARS BEFORE AN APPLE FELL IN FRONT OF NEWTON'S EYES:

Scientists of the modern world credit an English scientist John Dalton (1766 CE -1844 CE) for the Atomic Theory.


And this is because, most of us are not even aware of an ancient Indian Sage named Kanada, who was the first to formulate the theory of atoms, almost 2600 yrs before Dalton and talk about earth's gravity.


Rishi Kanada was born around 600 BCE in Dwarka, Gujarat and he was the son of a philosopher named Ulka. He was fascinated with the minute detailing of the things right from his childhood. Once, when he was very young, he accompanied his father on a journey to Prayaga.


He saw plentiful grains scattered along the path leading to the shore of river Ganga. It's a tradition in Hindu families to scatter the grains for the ants and birds to feed on them. Suddenly, an ant caught his attention, who was feeding on a rice grain.


He was mesmerised by this very fact that how a small grain of rice becomes food for the ant but to satisfy the hunger of a person so many grains are needed together. This incidence made him realize the importance of a single grain of rice.
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Raman Shalupau
Raman Shalupau
@ksaitor
Maker movement is doing to startups what startups did to corporations.

Here is why 👇

Startups fixed the problem of innovation, that corporations lack.

In big, slow corporations, innovation is a RISK and distraction from the core $$$ profitable business.

Agile startups could launch, iterate fast and eventually stumble upon new growing market opportunities.

However,

When a startup reaches product-market-fit, it has to 🚀 "grow at all costs" and reach market dominance before some giant corporation can replicate their new product and distribute it to their existing giant customer base.

Startup's "growth at all costs" often means growth at the expense of charging customers $$$ money.

Hence, to be sustainable, startups have to constantly chase investor money.

Startup teams spend more time finding and pleasing investors, than finding and pleasing customers.

95% of startups die because they run out of (investor) money + no business model + crazy investor expectations.

Same way corporations die, when unable to adjust to new technology and market shifts.
MAKERS


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