Suggested (required) Reading
The market approach, acumen and technical details presented on this site aren't much different than your senior or graduate level science courses in college. For you to get maximum benefit, you've got to know the material.
A good example of this was an experience I had years ago. I was an upper classmen engineering student at Texas A&M. I had made it through years of study and could just about see my way to graduation. That was until my Automatic Control Systems class.
It became clear at that point, I really didn't know much at all. There was still a long way to go. My visions of great accomplishment were dashed. All I had really managed to do, was survive the typical weed-out of lesser students.
The reality that I could still be a casualty, flunk out of A&M, hit hard with just one quiz score.
My very first score in Automatic Control Theory (Dr. Bhattacharyya) was a “20”.
I remember that day ... sitting in my classroom chair staring at that number: "20". It was a shock. For several minutes I could not even process the event. I saw myself calling my parents to let them know I was flunking out. I saw myself framing houses or working at a truck wash for the rest of my life. How does one recover from a "20"?
I waked out of that class stunned. Automatic Control Theory was required for graduation. No substitutes. At that point, I resolved to do whatever was necessary and step up to the plate. At the end of the semester my final grade in that class was an “A”. I believe that's also the semester I made the Dean's Honor Roll.
For those reading this who are top performers, business owners, leaders, the above story may sound familiar. You may have one (or several) of your own.
So it is with the markets. A grade is posted every day and there can be no argument. Just as with my professor above, he did not go over the basics and he did not slow down because I was struggling. Getting up to speed (and fast) was my responsibility.
With that in mind, here’s some suggested reading. If you are not willing or do not have time (at this point in your life) to delve into the following list with passion, this site won't make any sense and it'll be a waste of your time.
However, if you are ready and if now's the time, here's a list in (my order) of importance:
If you have a keen interest in the markets, these books may be familiar. You may also have other, similar texts that you think are more suitable ... that's also good. However, you may find books that were unknown to you (the old ones). That's where the market secrets are hidden.
If what they say still holds true, then it's been tested by time ... a very unforgiving phenomenon.
Remember what happened to the servant that buried his talent? There's no choice. One either steps up to the plate or has what he possesses taken away and given to one with plenty.
If you have read this far ... it's a good sign that you may be ready.
Paul V. Mosgovoy: President
p.s. List may change over time. However, the first three are a given.