Investment Books ReviewThe books are split into 3 categories: Click on each book's title for a more detailed review. Books for Mechanical Stock Picking Screening the Market
 Marc H. Gerstein This is the only book to provide a process for building Stock Picking Strategies using Stock Screeners. 
What works on Wall Street
 New 2005 Revised Edition James P. O’Shaughnessy Portfolios of 50 Stocks are built with simple mechanical strategies, held for 1 year then rebalanced. More than 50 strategies are backtested over 50+ years and results given for various timeframes of 1 year, 5 years, 10 years…  Data Driven Investing - Professional Edition
Bill Matson, Mitchell R. Hardy This 500 pages book combines Mechanical Stock Picking, Market Timing and Psychology of Investing. Highly recommended to Mechanical Investors and an excellent addition to What Works on Wall Street, with Market Timing on prime.  The Little Book that beats the Market
Joel Greenblatt The little book has gained significant attention since its release. It details an effective mechanical Growth At Reasonable Price stock picking strategy called "Magic Formula Investing".  Invest like the Best
 James P. O’Shaughnessy O'Shaughnessy explains that the determinants of a portfolio success are its main factors (Market Capitalization, Valuation, Growth, Relative Strength,...) rather than its specific stocks holding. The book then shows how to analyze successful Guru’s Portfolio to extract their main factors so that you can build a stock screening that mimic their strategy.  Beating the Dow
Michael O'Higgins This is the book highlighting the famous “Dogs of the Dow” mechanical strategy. O’Higgins also provides what he called “Advanced Strategies”. Some strategies combine the Dogs of the Dow with Market Timing while others apply various Value Investing criteria to the Dow Stocks. Books for Market Timing Go Back to Top All About Market Timing
Leslie N. Masonson A good book for intermediate to advanced Market Timers. Now, If you're an advanced timer searching for complex formulas/indicators, then this is not for you.  Complete Idiot's guide to Market Timing
Scott Barrie Don't be fooled by the name, the book is actually quite good. It provides detailed description of almost every popular Market Timing system.  The Right Stock At the Right Time
Larry Williams A very decent book on Stock Picking techniques and Market Timing from a famous investor. Includes a very interesting chapter for mechanical investor: Larry Williams backtested various mechanical Value investing strategies and the best 6 months (November-April) timing system using stocks from the Dow Jones Industrial Average DJIA. Books for Investing Psychology Go Back to Top Investment Madness: How Psychology Affects Your Investing...And
What To Do About It
John R. Nofsinger The book provides a good description of the psychological biases that affect investors. However, the proposed solutions are only trivial. Many will be disappointed at that point. The table summary in chapter 15 is quite handy and the author suggests to review it annually: not a bad idea. |
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