Best Books On Stock Investing & Improving Your Life

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Best Books On Stock Investing

Best Books On Stock Investing

I have been asked time and time again what are the best books on stock investing. Well, the first place one should start is to understand that emotions drive the markets.  Hence, one would be best served by becoming familiar with the concept of Mass Psychology. 

It would be hard to narrow everything to one book, but if I were forced to narrow it down to just two books, I would list the following two as they provide excellent data on human behaviour. I have read over 1,000 books, and the number is probably closer to 1500, after 1000 I stopped counting. I am counting books that I read; there are many books that I picked up and after skimming through them, flung them out as they were full of rubbish. Most authors list fictional events and pretend they are following all the nonsense they are prescribing. Most authors would love to be able to do half of what they put forth in these so-called self-help books.

How to understand the main driving force behind human actions

If you read the two books listed below with an open mind, you will gather reams of valuable data that can easily be applied to all aspects of your life as well as investing in the stock market.  Humans are nothing but sacks of emotions, for the most part, these emotions are worthless and useless, but understanding the main driving force behind all our actions, can help you find solutions to them. In the end, over 80% of the solution comes down to identifying the right problem.   I will add more to this article in the future

Best Books On Stock Investing, identify the right emotion

Markets are based on emotions,

And sadly they are driven by the worst of human emotions. So you should start off by understanding yourself, what drives you and how easily manipulated most beings are? Don’t assume you are special for the odds strongly suggest that you are part of the pack (mass mindset). Freedom does not come easily; it has to be earned. It takes a bit of work, but the biggest part of the job is identifying the problem. Once you identify the problem, the rest is easy. As you now know what the problem is, you can start monitoring yourself and your reactions immediately. If you react first and then think- you are allowing mob mentality to take over. Then pay attention to others; people that you are around on a daily basis is a good place to start. Therefore one could state that one of the Best Books On Stock Investing is to understand what drives you.

Aesop’s Fables

Best Books On Stock Investing is Aesops fables

This an excellent book to read. Don’t laugh, for this book is packed with stories that cover the principles of mass psychology very well. Have you ever wondered why they stopped using this book in schools? Well, now you know why.   The following two sites provide  the book for free in PDF Format

Aesops Tales in PDF Format

Aesop’s Fairly Tales in PDF Format

The Complete Essays by Michel Montaigne

The best books to read on Mass Psychology and Crowd Sentiment

This is another excellent book to read- Mr Montaigne was well ahead of his time and provides great insights into human behaviour. If you take the time to read this book slowly, you will find it is one of the best books of all time. It is far superior to any self-help book published in the past 50 years. Most of these so-called self-books are on par with rubbish; all talk and no action.  We will list two excellent sources for the book below, and both provide free access to PDF versions of the book.

Gutenberg Org

Mises Library

Some additional insights

The short and straightforward answer is that all these fields are connected; we do not have free market forces anymore. Everything is manipulated; from the food, you eat to data you are provided.  If you are aware of this, you can plan accordingly. Identifying the problem is over 80% of the solution, and this is why most people do not know what to do because they do not understand the problem.

Now you know why we are the only financial website that covers such a wide array of topics that on the surface appear to be unrelated but are in fact, deeply interwoven.  Mass psychology is a very powerful tool, and if employed correctly can help you spot the abnormal levels of manipulation, the masses are subjected to. It would be a good idea to familiarise yourself with the concept of “ Plato’s allegory of the cave.” Another article that will help you understand the main driving force behind Wall Street is to read the article titled Wall Street Mafia Utilize Psychological War Fare to Con the masses

Seeking Freedom?

If you seek freedom, the 1st task is to attain financial freedom so that you can break free the clutches of the top players who strive to enslave you. They want you to run in a circle like a hamster that runs on a spinning wheel; the hamster thinks the faster it runs the further it will go, but sadly it is going nowhere.

Visit the investing for dummies section of our website; it contains a plethora of free resources and covers the most important aspects of mass psychology. Secondly, subscribe to our free newsletter to keep abreast of the latest developments.

Change begins now and not tomorrow, for tomorrow never comes. Understand that nothing will change if you do not alter your perspective and change your mindset. If you cling to the mass mentality, the top players will continue to fleece you; the choice is yours; resist and break free or sit down and do nothing

Random notes on the Mass Mindset

There is no law or set rules when it comes to the markets other than having the ability to adapt to a given situation. We are dealing with emotions and when emotions do the talking, chaos is set free. And that is why like cattle, the lemmings always stampede when the markets sell-off. The masses also tend to jump in when the markets are about to crash. Hundreds of years have passed since the Tulip bubble and nothing has changed.

Volatility is a Trend player’s best friend; in this case, it’s up so astute players can use strong pullbacks to add to current positions or open new positions.

A Tactical Investor refuses to panic even when it looks like there is no reprieve in sight, for history indicates that panicking never pays off when it comes to the markets. The masses were, are and will always be prime cannon fodder candidates; they are hard-wired to panic and when they do the outcome is never good. Examine any panic based event, and one thing stands out like a sore thumb, the masses always took a beating.

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