Best investment books that are post-recession?

[KingstonU]

I have read "Greed is Good - Capitalist pig guide to Investing" and it was such an eye opener. I've since opened up some mutual funds and have been planing my finances more in general. Now I want to educate myself more and gain confidence in my investment decisions.

I only found one thread here where these 3 books below were recommended. My question: Are they still relevant today post-recession?

-A Random Walk Down Wall Street, Burton Malkiel
-Security Analysis, Graham & Dodd
-Intelligent Investor (I assume is the sixth edition and written by Graham)

Any book in particular you would recommend now that we are in 2011?

Many Thanks

 

[Farang]

http://www.amazon.com/Browns-Field-G.../dp/0425105725

 

[RbSX]

We aren't even in the 'post recession' era.. we're still in the recession and we will be for many many years.

 

[mshan]

http://www.amazon.com/Common-Sense-M...7921348&sr=8-5

http://selectedfunds.com/downloads/SFSuccInv1210.pdf

With big investment banks having their super computers basically plugged directly into stock exchanges, it is going to be hard to beat them at their own game.

Either you choose mutual fund managers that are truly long-term and contrarian growth or deep value (basically buying when certain stocks are temporarily out of favor and selling those same stocks when they are later approaching bubble territory), or maybe implement a proven system such as Investor's Business Daily CANSLIM system exactly as author recommends, and not trying to change or improve it (this system basically churns a lot of stock and hopefully eventually finds and keeps doubling down on true growth stock that will be 10, 20, or 30 bagger).

 

[kranky]

My theory is that I don't have enough hours in the day to be a successful stock picker. So I go with what has been proven to work in the long term and buy mutual funds with low expenses (aka Vanguard and Fidelity) and allocate the money across multiple sectors. The Bogleheads' guide to Investing is the book. bogleheads.org is the discussion site.

If I was going to pick individual stocks, I would look for companies that pay a nice dividend and operate globally (Nestle, for example). Looking for 10-baggers is fun but I don't have enough money (or time to study stocks) to spread it out across 50 stocks hoping to luck into a 10-bagger.

 

[AyashiKaibutsu]

If they were so good at picking stocks, they wouldn't bother stopping their daily money swim to sell a book.

 

[JEDI]

day traders margin = 4x margin
Stock = UPRO (Triple long). It corresponds to triple (300&#37 the daily performance of the S&P 500®.

so $10k cash = 40k daytraders margin = 120k if you buy UPRO.
you're leveraging $10k by a factor of 12!

Now buy UPRO (currently $70/share) after a pattern of it rising for 5 min. Sell when:
1) it's risen 1/2%
2) it falls to within $0.01/share of the price you bought it at

Rinse repeat. you can do it on your Lunch hour for some quick $.
note: there will be (many) days where you wont spot a solid rising pattern due to the market being chopy. be patient and wait for it.

I think Wells Fargo offers free trades if you have X amount in the account.