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Old 03-01-2013, 09:49 AM
 
Location: Sunnyvale, CA
4,923 posts, read 8,947,728 times
Reputation: 2470

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I know most of these threads are about long-term investing, but for those of you who are interested in the inner workings of the financial markets, the reason stock and commodity prices move, and you want to know how things really work, not the glossy and incorrect postcard version that's always hyped, the following books are the most accurate and honest in my opinion:

West of Wall Street. Angell.
The Nature of Risk. Justin Mamis.
Fooled by Randomness. Nassim Taleb.
Wall Street: the Other Las Vegas. Nicolas Darvas
Reminiscences of a Stock Operator. Edwin LeFevre
Liar's Poker. Frank Partnoy.
How to Triple Your Money Every Year with Stock Index Futures. Angell. (A ridiculous title, but there is a chapter dedicated to explaining how floor traders operate by taking the opposite side of retail orders, deliberately running stop loss orders, etc., which is highly instructional.)

Even you are only mildly interested in markets, these books are entertaining and educational. One of the best lessons that can be obtained is understanding why the "un-informed public" (ie, anybody who is not in the investment banking business) is always doing the wrong thing at the wrong time when it comes to investing and trading.
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Old 03-01-2013, 04:29 PM
 
17,752 posts, read 15,104,373 times
Reputation: 6378
Wealth of Nations
On the Principles of Political Economy and Taxation(Ricardo)
JS Mill principles of political economy
Progress and Poverty
Capital
The Theory of the Leisure Class
The General Theory of Employment, Interest and Money
The Road to Serfdom
Stabilizing an Unstable Economy
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Old 03-01-2013, 05:26 PM
 
Location: Warwick, RI
2,555 posts, read 3,873,738 times
Reputation: 4048
"Tap Dancing To Work" by Carol Loomis (about Warren Buffett)
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Old 03-06-2013, 03:35 PM
 
Location: Pennsylvania
9,342 posts, read 3,225,685 times
Reputation: 7335
Den Of Thieves
The Snowball (Buffett's biography)
One Up On Wall Street

Any book on Enron but especially....
The Smartest Guys In The Room
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Old 03-06-2013, 04:07 PM
 
Location: Planet Eaarth
8,957 posts, read 17,079,006 times
Reputation: 7193
Without question the best money book I ever read is........

The Millionaire Next Door: The Surprising Secrets of America's Wealth. By Thomas J. Stanley & William D. Danko

Most money books speak only to the white collar class where this book speaks to all classes of people.
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