Common Stocks and Uncommon Profits

I've read The Intelligent Investor and The Theory of Investment Value and Common Stocks and Uncommon Profits. All three were quite good. To summarize the first two (very roughly): The market isn't perfect and there are a lot of undervalued companies that are great. You have to find these companies at a significant discount to what they are really worth, and then you have to be patient enough for everyone else to realize their error. The third would IMHO be more geared towards someone that wanted to be a professional. Fisher talks extensively about ways to interview management/competitors/clients for information not found on a balance sheet, and prefers to look for new technology companies with huge potential upsides. He admits himself that most of his success was due to a half dozen huge wins in his entire life, and he tries to document how to find such wins. Realize that with Buffet's reading list you are going to end up wanting to invest like Buffet/Graham/Fisher, which means patience and a lot of due diligence on what you buy.…

I have read many of the recommend books. Here are my two pence. Books on Wealth 1. "Rich Dad Poor Dad" and find out exactly why someone becomes rich. (if you like this one, at some point you may also want to quickly scan through "Cashflow Quadrant Rich Dad's Guide to Financial Freedom".) 2. Also "chapter 6 - How to make wealth" from "Hackers and Painters's chapter 6 - " 3. "The Way to Wealth by Benjamin Franklin" Investing books in this order 1. Peter Lynch's One Up on wall street 2. The Intelligent Investor (Ben Graham) 3. Common Stocks and Uncommon Profits 4. Security Analysis (Ben Graham) 5. The Warren Buffet Way is a famous business read not exceptional but read it if you have some time left 6. A Random Walk Down Wall Street (Read it for a good laugh) Do NOT read 1. AA- The Motley Fool Money Guide 2. How Gerge Soros Knows What He Knows 3. Investing Online For Dummies 4. Malkiel Burton - A Random Walk Down Wall Street 5. Cracking the millionaire code 6. Joel Greenblatt - You Can Be A Stock Market Genius