Hustlin’ · Lesson 1 resources

The Library

Eleven books and eight films that go with the investing course. None of them will tell you what to buy. All of them will change how you think about the person doing the buying.


You do not need eleven books. You need one, finished.

Most people leave a first investing class, buy three books, read forty pages of each, and quietly conclude they are not clever enough for this. Pick one title from Start here. Finish it. Then come back.

Reading

Eleven books

Split by difficulty, not by preference. The left-hand tier changes behaviour; the right-hand tier is foundational and genuinely hard, and starting there is how people give up.

START HERE

The six that actually change how somebody behaves. Pick one.

  • The Millionaire Next Door

    Stanley & Danko · 1996

    Two researchers went looking for American millionaires and kept finding them in used trucks and unglamorous businesses. It is the data behind the four ordinary people in Lesson 1, and it separates looking rich from being rich more clearly than anything else written since.

    FORNever invested, and wants to know what wealth actually looks like up close.

  • Thinking in Bets

    Annie Duke · 2018

    A professional poker player on the hardest idea in investing: a bad outcome is not proof of a bad decision, and a good one is not proof of a good decision. This is the being-wrong question from Lesson 1, at book length.

    FORAlready trades, and keeps losing to themselves rather than to the market.

  • One Up on Wall Street

    Peter Lynch · 1989

    Lynch ran Fidelity's Magellan fund and argued that your own job, your own shopping and your own industry see things months before an analyst does. The book version of “what do you already have?”

    FORAnyone with a real job in a real industry who thinks that counts for nothing.

  • Confessions of a Street Addict

    Jim Cramer · 2002

    Long before the television show, Cramer ran a hedge fund and very nearly lost it. An unusually unflattering account of what professional money management feels like from the inside, hour by hour.

    FORAnyone who imagines the professionals are calm.

  • Jim Cramer's Get Rich Carefully

    Jim Cramer · 2013

    The slower, later Cramer — less trading, more owning, and built on the argument that the careful version of this compounds while the exciting version quietly does not.

    FORAnyone tempted to trade their way there in a hurry.

  • How to Use Power Phrases

    Meryl Runion · 2004

    Not an investing book, which is exactly why it is on this list. A great deal of financial damage is done by a conversation somebody could not bring themselves to have — about a raise, a loan, a price, a relative. This is a book of the exact sentences.

    FORAnyone whose money problem is really a conversation problem.

THE ORIGINALS

Foundational, difficult, and genuinely not where to start. These are for later.

  • Security Analysis

    Graham & Dodd · 1934

    The book that invented the job, written in the wreckage of 1929 by the man who later taught Buffett. It is a textbook and it reads like one. It is also where the idea that a share is a claim on a business rather than a ticker symbol comes from.

    FORLater. If it makes you feel stupid, that is the book's fault, not yours.

  • Technical Analysis of Stock Trends

    Edwards & Magee · 1948

    The other founding text, and the one that treats a chart as a record of crowd behaviour rather than a forecast. Editions vary enormously — check which one you are actually buying before you order it.

    FORLater, and only read alongside the chapters on risk.

  • One idea, taught properly: markets move through four stages, and most losses come from buying in the wrong one. The examples are dated; the framework is not.

    FORAnyone who wants a rule for when not to buy.

  • Poor Charlie's Almanack

    Charlie Munger · 2005

    Less about investing than about thinking — mental models, inversion, and a long catalogue of the ways intelligent people fool themselves. Buffett's partner was the funnier and more quotable half of that pair.

    FORAnyone who wants to think better rather than trade more.

  • The Berkshire Hathaway shareholder letters

    Warren Buffett · 1977–present · free

    Buffett never wrote a book. He wrote these instead, once a year for roughly fifty years, and gave them away. Start with a year that had a crash in it and watch how a man talks to owners when things are going badly.

    FOREveryone. It is free, and it is the best thing on this page.

Watching

Eight films

In order of the disasters they describe. These are entertainment, and several are dramatised or one-sided — watch them for the failure mode, never for the technique.

Included with your seat

Everything here is free on the site

The reading list is optional. The course is not, and all of it is already yours — the five free stages, all four paid courses, twenty-six calculators and the glossary.

Book and film links point to publishers and public listings. Hustlin’ is not paid to recommend anything on this page, and nothing here is investment advice.