Best Stock Trading Books !
I selected three books for your stock trading.
I introduce these books that changed my mind and life.
１．Rich Dad, Poor Dad
２．The Buffettology Workbook
３．Rich Dad’s CASHFLOW Quadrant
Rich Dad, Poor DadRich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
By having your own business you can earn money (dividends) without having to work and gain financial freedom.
The following is a passage still inscribed in my heart.
It is a real asset that you put money in your pocket without working.
Luxury cars and luxury homes can not be called assets.
That’s because taxes can get money from your pocket.Rich Dad, Poor Dad
You should think about having your own business while continuing your current work.
“Having your own business” means increasing and maintaining real assets.
You can keep doing your daytime work.
It does not matter if you work hard and you are a good company employee.
Just make sure to add more assets at the same time.Rich Dad, Poor Dad
The Buffettology WorkbookThe Buffettology Workbook: Value Investing The Warren Buffett Way
The title of this book is workbook, but you can understand what a company should be.
With this understanding, it will be possible to immediately judge what a promising brand is. Below, I will put a sentence that I cherish.
Buffett considers companies in two types.
One is a healthy consumer-monopoly company, and the other is a chic commodity company.
A consumer-monopoly company has a strong brand or a position like a monopolist in the market.
A company that provides low value-added products and services that are not differentiated from other commodity companies.Buffettology
Rich Dad’s Cashflow QuadrantRich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom
This book tells you where you are as a worker and tells you what direction to go in order to gain financial freedom.
Here is a very easy-to-understand analogy in this book.
We will be able to understand the way we should go for economic freedom.
Once upon a time there was a filthy village.
There were two young men there.
There was no water supply in the village, and villagers had to go far to get water.
One young man has been out of nowhere.
Another young man carried a lot of water in a bucket and got money from the villagers.
On the other hand, the lost youth came back and made the water supply and started to get money from the villagers without working.
The young man carrying water in the bucket continued to work desperately and continued to struggle with money.Rich Dad’s Cashflow Quadrant