Over the years that I’ve published my thoughts on Wall Street Insights & Indictments, one of the most valuable things I’ve received is feedback from you, my readers.
Recently, I’ve heard the calls and read the messages from many of you that have asked for some reading recommendations. It’s certainly a popular trend for many people interested in investments who want to know what Warren Buffett or Elon Musk or Bill Gates are reading, and I’d be flattered if anyone even put me at that same status of any of those giants.
So I’ve decided from now on, not just to the end of this year, but for the ongoing future, that I’d like to send out to you a special series every month of my own personal book recommendations.
What I pick could be educational, inspirational, or just plain entertaining, but in the end I want them to be useful for your success and compelling for your mindset and attitude towards a better financial future.
Find the Tricks of the Stock Market in This Book
One of my favorite books about the stock market, a book that’s not only easy and fun to read, but also shaped how I trade, that played a huge part in me being successful trading across all kinds of market conditions, is Reminiscences of a Stock Operator by Edwin Lefèvre.
Reminiscences is just that. It tells the story of a famed stock “operator” through a fictional character based on a real-life market wizard. It might sound like a fantastic story that I’m sharing with you on the ludicrous day of Halloween, but it’s a serious contender for a worthwhile read in November.
What you’ll get out of the book are life lessons. You’ll understand what it takes to develop a winning approach to trading and investing based on mistakes that the main character makes in his trading, what he changes, and why what he starts doing makes him a multi-millionaire.
Though I first read this book in 1981, of all the lessons I got out of it, one particular lesson I think is the most important one for traders and investors to live by.
Enjoy this short read and let me know here what you get out of it and if there’s one lesson above all others that you get, tell me what it is.
And I’ll tell you what it is for me.