1) "The Intelligent Investor" (1949) by Benjamin Graham

Benjamin Graham is undisputedly the father of value investing. His ideas

about security analysis laid the foundation for a generation of investors,
including his most famous student,Warren Buffett. Published in 1949, "The
Intelligent Investor" is much more readable than Graham's 1934 work
entitled "Security Analysis", which is probably the most quoted, but least
read, investing book. "The Intelligent Investor" won't tell you how to pick
stocks, but it does teach sound, time-tested principles that every investor
can use. Plus, it's worth a read based solely on Warren Buffett's
testimonial: "By far the best book on investing ever written."

2) "Common Stocks And Uncommon Profits" (1958) by Philip Fisher

Another pioneer in the world of financial analysis, Philip Fisher has had a
major influence on modern investment theory. The basic idea of analyzing
a stock based on growth potential is largely attributed to Fisher. "Common
Stocks And Uncommon Profits" teaches investors to analyze the quality of
a business and its ability to produce profits. First published in the 1950s,
Fisher's lessons are just as applicable half a century later.

3) "Stocks For The Long Run" (1994) by Jeremy Siegel

A professor at the Wharton School of Business, Jeremy Siegel makes the
case for - you guessed it - investing in stocks over the long run. He draws
on extensive research over the past two centuries to argue not only
that equities surpass all other financial assets when it comes to returns,
but also that stock returns are safer and more predictable in the face of the
effects of inflation. (To learn more, check out Ten Tips For The Successful
Long-Term Investor.)

4) "How To Make Money In Stocks" (2003, 3rd ed.) by William J. O'Neil

Bill O'Neil is the founder of Investor's Business Daily, a national business
of financial daily newspapers, and the creator of the CANSLIM system. If
you are interested in stock picking, this is a great place to start. Many other
books are big on generalities with little substance, but "How To Make
Money In Stocks" doesn't make the same mistake. Reading this book will
provide you with a tangible system that you can implement right away in
your research. (For more about CANSLIM, see Trader's Corner: Finding
The Magic Mix Of Fundamentals And Technicals.)
5) The Essays Of Warren Buffett: Lessons For Corporate America"
(2001) by Warren Buffett and Lawrence Cunningham
Although Buffett seldom comments on his current holdings, he loves to
discuss the principles behind his investments. This book is actually a
collection of letters that Buffett wrote to shareholders over the past few
decades. It's the definitive work summarizing the techniques of the world's
greatest investor. Another great Buffett book is "The Warren Buffett Way"
by Robert Hagstrom. (For further reading, see Warren Buffett: How He
Does Itand What Is Warren Buffett's Investing Style?)

6) The Dhandho Investor: The Low-Risk

Value Method to High Returns
A comprehensive value investing framework for the individual investor In a

straightforward and accessible manner, The Dhandho Investor lays out the powerful

framework of value investing. Written with the intelligent individual investor in mind, this

comprehensive guide distills the Dhandho capital allocation framework of the business savvy

Patels from India and presents how they can be applied successfully to the stock market.

The Dhandho method expands on the groundbreaking principles of value investing

expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be

introduced to important value investing concepts such as "Heads, I win! Tails, I dona t lose

that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyua s dilemma, and a detailed

treatise on using the Kelly Formula to invest in undervalued stocks. Using a light,

entertaining style, Pabrai lays out the Dhandho framework in an easy--to--use format. Any

investor who adopts the framework is bound to improve on results and soundly beat the

markets and most professionals.

7) How to Make Money Selling Stocks Short (Wiley Trading)

By: Gil Morales

There are two sides to everything, except the stock market. In the stock market there is only one
side--the right side. In certain market conditions, selling short can put you on the right side, but
it takes real knowledge and market know-how as well as a lot of courage to assume a short
position. The mechanics of short selling are relatively simple, yet virtually no one, including most
professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short,
William J. O′Neil offers you the information needed to pursue an effective short selling strategy,
and shows you--with detailed, annotated charts--how to make the moves that will ultimately
take you in the right direction. From learning how to set price limits to timing your short sales,
the simple and timeless advice found within these pages will keep you focused on the task at
hand and let you trade with the utmost confidence.

About the author: Gil Morales

WILLIAM J. O′NEIL has distinguished himself as a champion of the individual investor by

providing them with innovative, sound, and effective tools and methods necessary for
investment success. His investment books, including the bestselling How to Make Money in
Stocks and The Successful Investor, outline in detail the CAN SLIM investment research tools
that enabled Mr. O′Neil to buy his own seat on the New York Stock Exchange in 1963 and start
his own institutional investment firm, William O′Neil + Co., Incorporated, which today services
over 500 institutional investment organizations. The publication he designed and created in
1984, Investor′s Business Daily, brings sophisticated stock market data to the investing masses
on a daily basis, and its Web site, investors.com, informs and educates individual investors on
the basic principles of sound investing. GIL MORALES, a 1981 graduate of Stanford University,
began his career in the industry as a stockbroker with Merrill Lynch in 1991. He later moved to
PaineWebber in 1994 where he quickly became one of that firm′s top producers, and was
recruited to join William O′Neil + Co., Inc. in 1997 by William J. O′Neil himself. He currently
serves as Vice President and Chief Market Strategist at William O′Neil + Co., Inc. where he also
functions as an internal portfolio manager responsible for managing a portion of the firm′s
equityssets.
 8 The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor
(Columbia Business School Publishing

8) The Most Important Thing Illuminated:

Uncommon Sense for the Thoughtful
Investor (Columbia Business School
Publishing
Howard Marks's The Most Important Thing distilled the investing insight of his celebrated client
memos into a single volume and, for the first time, made his time-tested philosophy available to
general readers. In this edition, Marks's wisdom is joined by the comments, insights, and
counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis
Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman
(Baupost Group).

These experts lend insight into such concepts as "second-level thinking," the price/value
relationship, patient opportunism, and defensive investing. Marks also adds his own annotations,
expanding on his book's original themes and issues. A new chapter addresses the importance of
reasonable expectations, and a foreword by Bruce C. Greenwald, called "a guru to Wall Street's
gurus" by the New York Times, speaks on value investing, productivity, and the economics of
information.

***

Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his
insightful assessments of market opportunity and risk. After four decades spent ascending to the top
of the investment management profession, he is today sought out by the world's leading value
investors, and his client memos brim with insightful commentary and a time-tested, fundamental
philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a
single volume that speaks to both the amateur and seasoned investor.
Informed by a lifetime of experience and study, The Most Important Thing explains the keys to
successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages
from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an
investment philosophy that fully acknowledges the complexities of investing and the perils of the
financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is
part memoir, part creed, with a number of broad takeaways.

Marks expounds on such concepts as "second-level thinking," the price/value relationship, patient
opportunism, and defensive investing. Frankly and honestly assessing his own decisions--and
occasional missteps--he provides valuable lessons for critical thinking, risk assessment, and
investment strategy. Encouraging investors to be "contrarian," Marks wisely judges market cycles
and achieves returns through aggressive yet measured action. Which element is the most essential?
Successful investing requires thoughtful attention to many separate aspects, and each of Marks's
subjects proves to be the most important thing.

"This is that rarity, a useful book."—Warr

9) You Can be a Stock Market Genius: Uncover the Secret Hiding Places
of Stock Market Profits
By: Joel Greenblatt
10) The Little Book That Still Beats the Market (Little Books. Big Profits)
By:Joel Greenblatt
In The Little Book that Beats the Market a New York Times bestseller with 300,000 copies in print Greenblatt
explained how investors can outperform the popular market averages by simply and systematically applying a
formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and
Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from
the original book. Included are data and analysis covering the recent financial crisis and model performance through
the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock
market investing and then reveals the author s time-tested formula that makes buying above average companies at
below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the
academic and professional world, Greenblatt explains it using 6 th grade math, plain language and humor. He shows
how to use his method to beat both the market and professional managers by a wide margin. You ll also learn why
success eludes almost all individual and professional investors, and why the formula will continue to work even after
everyone knows it. While the formula may be simple, understanding why the formula works is the true key to success
for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value
investing in a way that will provide them with a long term strategy that they can understand and stick with through
both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, Mr.
Greenblatt says his goal was to provide advice that, while sophisticated, could be understood and followed by his five
children, ages 6 to 15. They are in luck. His Little Book is one of the best, clearest guides to value investing out there.
11_ The Little Book That Builds Wealth - The Knockout Formula for
Finding Great Investments (Little Books. Big Profits)
By: Pat Dorsey

12)The Art of Short Selling

A one-of-a-kind book that shows you how to cash in on the latest investing trend--short
selling "The Art of Short Selling is the best description of this difficult technique."--John
Train, Train, Thomas, Smith Investment Counsel, and author of The New Money Masters
"Kathryn Staley has done a masterful job explaining the highly specialized art of short
selling. Her approach to telling the true stories of famous investment 'scams' will keep the
reader spellbound, while teaching the investor many crucial lessons."--David W. Tice,
Portfolio Manager, Prudent Bear Fund "Selling short is still a misunderstood discipline, but
even the most raging bull needs to know this valuable technique to master the ever-changing
markets."--Jim Rogers, author, Investment Biker On the investment playing field, there is
perhaps no game more exciting than short selling. With the right moves, it can yield high
returns; one misstep, however, can have disastrous consequences. Despite the risk, a
growing number of players are anteing up, sparked in part by success stories such as that of
George Soros and the billions he netted by short selling the British pound. In The Art of Short
Selling, Kathryn Staley, an expert in the field, examines the essentials of this important
investment vehicle, providing a comprehensive game plan with which you can effectively
play--and win--the short selling game. Whether used as a means of hedging bets, decreasing
the volatility of total returns, or improving returns, short selling must be handled with care--
and with the right know-how. As Staley points out, "Short selling is not for the faint of heart.
If a stock moves against the position holder, the effect on a portfolio and net worth can be
devastating. Investors need to understand the impact on their accounts as well as the
consequences of getting bought in before they indulge in short selling." The Art of Short
Selling guides you--clearly and concisely--through the ins and outs of this high-risk, high-
stakes game. The first--and most important--move in selling short is to identify flaws in a
business before its share prices drop. To help you tackle this key step, Staley shows you
how to evaluate company financial statements and balance sheets, make sense of return
ratios, detect inconsistencies in inventory, and analyze the statement of cash flows. Through
real-world examples that illustrate the shorting of bubble, high multiple growth, and theme
stocks, you'll proceed step by step through the complete process and learn to carry out all
the essentials for a successful short sell, including quantifying the risk factor and
orchestrating correct timing, as well as implementing advanced valuation techniques to
execute the sell/buy. Packed with landmark, cutting-edge examples, up-to-the-minute
guidelines, and pertinent regulations, The Art of Short Selling is a timely and comprehensive
reference that arms you with the necessary tools to make a prepared and confident entrance
onto the short selling playing field.
13 Financial Shenanigans: How to
Detect Accounting Gimmicks & Fraud in
Financial Reports, 3rd Edition
With major financial scandals popping up in greater numbers and with more inevitably on the way it has
never been more important for you to understand what dishonest companies do to trick investors. Since the
early 1990s, Financial Shenanigans has been helping investors unearth deceptive financial reporting at the
most critical time before they suffer major losses. Now, the third edition broadens its focus to include the
newest, most sophisticated techniques companies use to mislead investors.
Dubbed the "Sherlock Holmes of Accounting" by BusinessWeek, Howard Schilit and renowned forensic
accounting expert Jeremy Perler take you deeper into the corporate bag of tricks, exposing new levels of
accounting gimmickry and arming you with the investigative tools you need to detect: Earnings Manipulation
Shenanigans: Learn the latest tricks companies use to exaggerate revenue and earnings Cash Flow
Shenanigans: Discover new techniques devised by management that allow it to manipulate cash flow as
easily as earnings Key Metrics Shenanigans: See how companies use misleading "key" metrics to fool
investors about their financial performance Financial Shenanigans brings you completely up to date on
accounting chicanery in the global markets, shining a light on the most shocking frauds and financial
reporting miscreants. This insightful, detailed guide written by recognized experts on the subject provides
the knowledge and tools you need to spot even the most subtle signs of financial shenanigans. Praise for
Financial Shenanigans: "Howard Schilit is the authority on forensic accounting.
Financial Shenanigans is invaluable reading for market participants seeking to identify deceptive behavior in
company financial statements. " Julian Robertson, legendary investor and founder, Tiger Management "A
must-read! The authors teach forensic financial statement analysis in an easy-to-digest format with lots of
war stories. Guaranteed to help investors in their quest to avoid ticking time bombs in their portfolios". Marc
A. Siegel, board member, Financial Accounting Standards Board "This is a timeless guide to better
understand how financial malfeasance can be spotted early. Financial Shenanigans teaches all of us fraud-
detection-made-easy ". Jules Kroll, pioneering private investigator and founder of Kroll Associates and K2
Global "Required reading for every investor who desires to avoid financial losses. This new edition is a
classic and better than ever". Thornton L. O'Glove, author, Quality of Earnings "An incisive and entertaining
review of the recipes used by corporations and executives to 'cook the books.' It's a must-read for investors,
lawyers, corporate directors, and anyone else interested in the integrity of the accounting and governance
process". Joseph A.
Grundfest, professor of law and business and co-director, Rock Center on Corporate Governance, Stanford
Law School

Howard Schilit, Ph.D., CPA, is the founderand chief executive officer of the FinancialShenanigans Detection
(FSD) Group, LLC,which alerts its clients to accounting chicanery.Previously he founded the Center for
FinancialResearch and Analysis (CFRA). SmartMoney magazine twice selected him as one ofthe "Power 30"
of investing. Jeremy Perler, CFA, CPA, is codirector of researchof RiskMetrics Group's forensic
accountingresearch boutique (formerly CFRA).RiskMetrics is a global leader in risk management,corporate
governance, and financialresearch services. Mr. Perler is frequentlyfeatured at industry conferences and
trainingseminars, as well as in media outlets such asBarron's, BusinessWeek, The Wall Street Journal,and
CNBC.