Life is tough, but luckily there are resources out there that make life a little less brutal. Below are my top books, websites, and financial services that I have personally used and recommend.
Seeking Alpha – Well respected news website/blog. There are a lot of professional investors and industry specific experts that contribute well written articles to the site. I’m actually one of them! I’m a registered Seeking Alpha contributor and will publish articles from time to time on undervalued stocks I’m analyzing. You have to create an account but its quick and its free. Check out my articles here!
ValueWalk – Solid news website with a focus on value investing. If you really want to learn about investing and get a pulse on what is going on in the market, every quarter ValueWalk posts investor letters from the top value hedge funds. There is a treasure trove of information in those letters. I read about the markets pretty much everyday, but its interesting seeing how some of the smartest investors analyze the same information. There are also other valuable news categories relating to technology, science, politics, etc. One interesting category they have is labeled “Graphics”. This section breaks down interesting and complex topics into easy to follow infographics.
FINVIZ.com – Pretty useful website to get stock information. They have a nice market heat-map so you can get a visual on how various sectors are performing. The free stock screener is pretty awesome.
The Intelligent Investor – This is by far one of the most important books I have ever read. It was originally published in 1949 by Benjamin Graham, who is regarded as the father of value investing. Graham was a professor at Columbia University and was one of the first individuals to utilize fundamental analysis in stock investing. His most famous disciple, and I’m sure you’ve heard the name, was Warren Buffet. The values and philosophies used in this book were influential in improving not just my investing performance, but also areas in my personal life as well. The main takeaway is to not get caught up in short-term mayhem (media, politics, tips from your crazy uncle, etc.), but to focus on things that actually matter over the course of time. This book was published almost 70 years ago and most of the lessons mentioned are still applicable today. The book is actually a pretty easy read and won’t overwhelm you with technical jargon, so don’t be intimidated.
Margin of Safety – This book basically has a cult following. If you click the link you’ll notice the price tag is a wee bit high. Believe it or not this book used to sell for $2,000 on Ebay. I hope that gives you an idea of how valuable people think this book is. Luckily for me I know a guy who knew another guy and somehow got a copy for free. I won’t advocate using any illegal online resources to download the book for free, but you know, to each his own. Anyhow, this book is pretty solid and is written by Seth Klarman, a well-respected hedge fund manager and value investor at the Boupost Group. Klarman is very articulate and has a no-BS approach to investing. If you can’t get a hold of the book I highly recommend watching a YouTube video of him here. The video itself is blurry, but the content is great.