A popular saying goes, "Don't reinvent the wheel." Successful investors' strategies do still work for the most part. Thus, I choose to read up on the philosophies of these investors. So far, I have only read The Motley Fool Investment Guide for Teens by Tom and Dave Gardner and One up on Wall Street by Peter Lynch. Both are beginner books, and I highly suggest The Motley Fool's book for teenagers; the book explains how to earn money and the importance of investing and its possible results. As for older investors, One up on Wall Street is an incredible book in which Lynch discusses how to find stocks to use for the buy-and-hold method. This method still does work for the most part, however the market has changed tremendously. Long term investing does not always work and may not produce the best results. I have therefore decided to read Jim Cramer's Getting Back to Even. I will leave a review of this book up on the blog once I am finished reading. This book should give more modern investment methods.
After reading these novels, I hope to mix in my own philosophies with that of the greats, and I urge you to do the same. Through reading, there is much that can be learned. But, what is read must be applied. In order to perfect an investment strategy, one cannot just copy what someone else does. To maximize results, he or she must add in his/her own strategies to further perfect current methods.
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