Investing basics1973
A Random Walk Down Wall Street
Burton G. Malkiel
Introduces efficient markets, asset bubbles, and why many investors are better served by passive strategies.
Checklist
Do I have a rule to understand the business before the ticker?
Do I have a rule to separate market price from economic value?
Do I have a rule to test the thesis against evidence?
Do I have a rule to build a process before committing capital?
Write down what would invalidate the thesis.
Set a review date before acting.