30 books I wish I read before Investing my hard-earned money:

1. You can be a Stock Market Genius by Joel Greenblatt
2. Common Stocks, Uncommon Profits by Phil Fisher
3. Margin of Safety by Seth Klarman
4. The Crowd by Gustave Le Bon
5. Winning the Loser's Game by Charles Ellis
6. The Zurich Axioms by Max Gunther
7. The Most Important Thing by Howard Marks
8. Thinking, Fast and Slow by Daniel Kahneman
9. The Intelligent Investor by B. Graham
10. A Zebra in Lion country by Ralph Wanger and Everett Mattlin
11. Learn to Earn by Peter Lynch
12.Poor Charlie's Almanack - The wit and wisdom of Charles T Munger
13.Speculative Contagion by Frank Martin
14. The Long and the Short of it by John Kay
15. More than you know by Michael Maubossin
16. Influence - The Psychology of Persuasion by Robert Cialdini
17. The Psychology of Judgment and Decision making by Scott Plous
18. The Real Warren Buffett by James O'Loughlin
19. Devil take the Hindmost by Edward Chancellor
20. Risk Intelligence by Dylan Evans
21. The Emotionally Intelligent Investor by Ravee Mehta
22.Accounting for Value by Stephen Penman
23. Common Stocks and Common Sense by Edgar Wachenheim III
24. Big Money Thinks Small by Joel Tillinghast
25. Memos from the Chairman by Alan C Greenberg
26. Groupthink by Irving Janis
27. The Investment Checklist by Michael Shearn
28. The Manual of Ideas by John Mihaljevic
29. Adaptive Markets by Andrew W Lo
30. Simple but not Easy by Richard Oldfield

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More from @stockifi_Invest

28 Feb
17 Most important Lessons from the first book I ever read on Value Investing:

1) Learn to Stand against the Crowd:
Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing ideas. It can get very lonely.
2) Forecasting is a bad strategy:
Those who think who can predict the future should participate fully, using borrowed money, when the market is about to rise and get out of the market before it falls.
3) Simple but NOT easy:
Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon.
Read 17 tweets
11 Feb
Top 10 Rules of success in #StockMarket by @VijayKedia1:

1) Invest only a part of savings (not the actual earnings) into stocks:

> As per your age, only invest a certain "%" based on your risk-taking capacity.
(if you are <50 years = ~25 to 50%,
and if >50 years = ~10 to 25%).
2) Your investment belongs to the market and the profits belong to you:

> As long as you are invested, the profits belong to the market.
> Don't spend just because your portfolio has increased because tomorrow stock prices can collapse.
3) Book profits periodically: Invest those profits in buying real estate (securing a house first is very important).

4) Don't trade or leverage: Trading is a full-time business. Don't even try doing it part-time and never do it with borrowed money.
Read 11 tweets
9 Feb
Long term Investing Checklist 101:

1) Screening based on FUNDAMENTALS:

• Debt to Equity Ratio < 1
• 3 year average Revenue growth > 10%
• 3 year average Net profit growth > 15%
• 3 year average Return on Equity / ROCE > 20%
• Promoter Holding > 50%
2) Business Model:

• What is the nature of the product a company sells or services it offers?
• How the company makes a profit from its operations?
• Does the product or service exist or has a potential to exist even after 50 years?
3) COMPETITIVE ADVANTAGE:

• Does the company have a sustainable competitive advantage in respect of cost structure, brand reorganization, product quality, distribution network etc.
• Are there any entry barriers?
Read 4 tweets
5 Feb
40 harsh truths I wish someone told me at the start of my Investing Career:

1. The market doesn't care how much you paid for a stock or what you think is a fair price.

2. Saying "be greedy when others are fearful" is much easier than actually doing when the opportunity arises.
3. Most of what is taught about investing in school is theoretical nonsense. There are very few rich professors.

4. Being emotionally detached from your stocks will save you from a lot of blunders.
5. It is hard to time the markets. Small investors tend to be pessimistic and optimistic precisely at the wrong times. Predicting the short-term direction of the stock market is futile. The long-term returns from stocks are relatively predictable.
Read 24 tweets

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