Vitaliy Katsenelson, of Investment Management Associates, reckons that all we can really ask for in these trying times is sanity.
Read books that will bring you sanity, the ones that will snap you back into the shell of investor and out of the sorry shell of nervous observer of the daily stock market melodrama.
So here, across six sections, via Mark Faber’s Gloomdoomboom, is Katsenelson’s reading list:
Selling
Its When You Sell That Counts, 3rd edition — Donald Cassidy
Think and behave like an investor
The Essays of Warren Buffett
The Entrepreneurial Investor — West Coast Asset Management
The Super Analysts – Andrew Leeming
You Can Be a Stock Market Genius — Joel Greenblatt
The Business of Value Investing: Six Essential Elements to Buying Companies Like Warren Buffett — Sham Gad
Pilgrimage to Warren Buffett’s Omaha: A Hedge Fund Manager’s Dispatches from Inside the Berkshire Hathaway Annual Meeting — Jeff Matthews
The Little Book That Builds Wealth — Pat Dorsey
More Mortgage Meltdown: 6 Ways to Profit in These Bad Times — Whitney Tilson and Glen Tongue
Behavioral Investing
Psychology of Investing — John R. Nofsinger
Why Smart People Make Big Money Mistakes And How To Correct Them — by Gary Belsky and Thomas Gilovich
Your Money and Your Brain — Jason Zweig
Reminiscences of a Stock Operator – Edwin Lefevre
Jesse Livermore — Richard Smitten
Economics
Basic Economics — Thomas Sowell
A World of Wealth — Thomas G. Donlan
The Age of Turbulence — Alan Greenspan
Stock Market History
Stocks for the Long Run — Jeremy Siegel
Unexpected Returns — Ed Easterling
Atlas Shrugged — Ayn Rand
Fooled by Randomness — Nassim Taleb
The Black Swan — Nassim Taleb
Books for the Soul
Tuesdays with Morrie — Mitch Albom
The Last Lecture — Randy Pausch and Jeffrey Zaslow
The Snowball: Warren Buffett and the Business of Life — by Alice Schroeder
Related links:
Books that will help gain sanity in insane market – Part I and Part II — Contrarian Investor