Quote: (07-14-2013 04:49 AM)Hades Wrote:
Don't leave me hanging, man, what was the book?
How to Make Money in Stocks, Fourth Edition by William J. O'neil. This really illustrates my point that a book should be reread until you're sick of it. It's sold over a million copies, but the people who have taken the most from it know the book like the back of their hands.
My wealthy friend has read and reread many books on stock trading and attended seminars, though some successful traders have had success mainly by sticking with O'neil's CAN SLIM strategy and IBD paper. The whole CAN SLIM/IBD system is annoyingly self-promotional, but it's also produced many successful investors/traders, a few of which have been featured in Amy Smith's How to Make Money in Stocks Success Stories
Be very cautious if you’re going to do any trading/investing. If you’re a novice, you’re more likely to lose at least most of your money. My friend actually lost a ton of money as a newbie before he became successful.
Point is, reread the life-changing books until you’re an expert on them. You don’t really learn much the first time you read and it may even feel like memorization.
Maybe for you, that book you need to reread several times could be Day Bang, a college textbook, a biography, something sex-related, self-help, finance, Napoleon Hill, Robert Greene, or Mystery.
Be extra-productive. Load up your mp3 player with audiobooks (library) and podcasts (iTunes), and take advantage of all those free minutes because they add up big-time over the long run.