Here is a summary of the top lessons from the book Thinking, Fast and Slow by Daniel Kahneman. System 1 vs System 2 Our behavior is determined by 2 systems in our mind – one conscious and the other automatic. We think fast using heuristics for things we are familiar with instantly connecting the dots. […]
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The Subtle Art of Not Giving a F*ck is a book about filtering what you find most important from what you find not to be important. The premise is that we can decide what to give a f*ck about and what not to care about at all. The author Mark Manson explains that we all
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The Psychology of Money by Morgan Housel This book is a #1 bestseller on Amazon in its category and currently has 15,064 ratings that are 77% five star reviews. This book discusses behavioral economics in both personal finances and investing and gives solutions to the problems most people experience with money in their lives. This
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The Richest Man in Babylon is a great little personal finance book set as an ancient fictional tale that explains the ‘The Seven Cures to a Lean Purse’ and ‘The Five Rules of Gold’. The Seven Cures to a Lean Purse: Start thy purse to fattening. Pay yourself first. Save money before you pay any
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I first read the original version of this book over fourteen years ago, and it was the book that finally cemented for me the overall structure I needed to understand all the dynamics of profitable trading. I have read hundreds of trading books, and this one still stands head and shoulders above the rest. It
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There are a lot of trading books and resources online. We’d love to know who is your favorite trading author? Who has helped you the most on your trading journey? Check back in a week to see the final results, and thanks for sharing! [yop_poll id=”2″]
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This is a book review of Nassim Nicholas Taleb‘s new book: Skin in the Game. Skin in the Game is about the dynamics of the behaviors of people when their actions have downside risk along with the potential reward. Too many executives and politicians have all the upside reward from compensation and none of the risks of
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. You can find Macro Ops’ comprehensive reading list here. If you want to be a successful trader then you have to read…
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I really enjoy the study of economics and believe in the principles of free markets and supply and demand. I was very excited to see a book that combined what I fully understand: “economics” with what I can have difficulty understanding: “my wife”. I was not disappointed. I loved reading this book and think I
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Mark Minervini really brought a huge amount of value to the trading world by writing this book with far greater actionable details than other books on the market. He takes the trader through the technical dynamics it takes to be a profitable stock trader. By starting with a trading plan that defines your actions and
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