Trading Options 101 with NFL Linebacker Turned Wall Street MVP Pete Najarian

The cynical view of the financial world says that Wall Street is run by a special breed of traders who exploit investors’ collective fear and greed to enrich themselves however they can, without any care for the havoc they might wreak. In Liar’s Poker, Michael Lewis backs up this opinion with a first-hand account of the pursuit of ill-gotten riches at the Salomon Brothers investment firm during the 1980s. As a Salomon employee, Lewis took part in its wealth-chasing culture and witnessed the start of its downward spiral.

This guide will explore Lewis’s portrayal of Wall Street, the boom and bust of the mortgage bond market, and the rise of junk bond investments. We’ll also take a broader look at the financial world and alternate views showing there’s room for ethics and level-headed investing. We’ll conclude with Salomon Brothers’ troubles in the 1990s, which occurred after this book’s publication.

In Flash Boys, best-selling author Michael Lewis explores a poorly-understood threat to your investments, whether you’re investing in a retirement account or day trading: high-frequency trading, electronic trading that uses automated computer algorithms to very quickly buy and sell large quantities of stocks, leading to big financial pay-offs—often at the expense of regular investors who can’t trade in microseconds as the algorithms can. Flash Boys unpacks high-frequency trading—and Wall Street’s greedy response to it—and details one group of traders’ efforts to protect investors from its tactics.

In this guide, we’ll examine the role HFT plays in the investment world. Along the way, we’ll provide alternative perspectives on why some experts view high-frequency trading as a positive development, and we’ll provide updated information about trading research and regulations.

“Sex, drugs, and stock manipulation” are the words that describe the world of Jordan Belfort and his brokerage firm, Stratton Oakmont. Belfort and his staff of young traders became incredibly rich via illegal trading practices, then used their wealth to indulge their every hedonistic whim. The Wolf of Wall Street is Belfort’s confessional memoir of his illegal actions, which led to a self-destructive spiral into drug addiction and life-threatening behavior.

In this guide, we’ll explain how Belfort grew his wealth through stock manipulation and money laundering, how he attempted to evade prosecution for his crimes, and how his lifestyle of drug abuse and self-indulgence almost killed him before he accepted the need to change. This guide will also examine whether Belfort’s crimes are still commonplace in modern finance, how the acquisition of wealth affects people, and how drug addiction and recovery can alter a person’s self-awareness and sense of accountability.

In 100 Baggers, investment expert Christopher W. Mayer unlocks the secrets of stocks that return $100 for every $1 invested. While many investors chase quick gains and try to time their trades to capitalize on short-term market fluctuations, Mayer reveals how extraordinary wealth comes from identifying exceptional companies—and having the discipline to hold them for decades.

This guide distills Mayer’s guidance for spotting companies with the DNA for explosive long-term growth. You’ll learn how to spot the companies that will deliver 100x returns, how to play the long game and resist market hype, strategies to optimize the tax savings from your portfolio, and when it’s the right time to sell. Enhanced with insights from other financial experts, this guide provides a roadmap for transformational returns.

The world’s greatest investor Warren Buffett read this book when he was 19 years old, and he still calls this “by far the best book about investing ever written.” The Intelligent Investor covers timeless ideas of how the market behaves, how investment is different from speculation, and how to identify profitable investments.

Learn whether you’re a defensive or an aggressive investor, why most trading strategies don’t work, and how to maintain control of your psychology in any type of market condition.

In 100 Baggers, investment expert Christopher W. Mayer unlocks the secrets of stocks that return $100 for every $1 invested. While many investors chase quick gains and try to time their trades to capitalize on short-term market fluctuations, Mayer reveals how extraordinary wealth comes from identifying exceptional companies—and having the discipline to hold them for decades.

This guide distills Mayer’s guidance for spotting companies with the DNA for explosive long-term growth. You’ll learn how to spot the companies that will deliver 100x returns, how to play the long game and resist market hype, strategies to optimize the tax savings from your portfolio, and when it’s the right time to sell. Enhanced with insights from other financial experts, this guide provides a roadmap for transformational returns.

Warren Buffett is the world’s most successful investor, but he also thinks of himself as a teacher in the field of investing and economics. Compiled from Buffett’s annual reports to Berkshire Hathaway shareholders, The Essays of Warren Buffett provides a glimpse into the mind of a man whose ideas contrast with those of the typical Wall Street mogul. His insights on investing are simple yet difficult to put into practice, while his thoughts on the culture of the wider business world shine a light on the values that shape modern finance.

In this guide, we’ll cover Buffett’s writings on investment, his recommended approaches, and some widely accepted economic practices that he considers to be wrong. We’ll also look at the opinions of other financial experts, both those who agree with Buffett and those who present an alternate view. We’ll place Buffett’s essays in their historical context and look at how well his ideas hold up in the modern world of high finance.

Are you struggling to achieve consistent success as a financial trader? Trading consultant Mark Douglas says you don’t need more knowledge or better advice to improve. He claims one factor distinguishes successful traders: a winning mindset. In Trading in the Zone, Douglas explains that when trading, we often mistakenly embody a fear-based mindset instead and avoid risk. Therefore, no matter how much time we spend studying the market, we’ll fail to establish a pattern of winning. To achieve consistent success, we need to train ourselves to think differently and embody the winning mindset, and Douglas tells us how.

In this guide, we’ll present the mental barriers that Douglas says we need to overcome and the core beliefs we need to internalize to trade successfully. We’ll also examine research in psychology, biology, and finance that explores these concepts. Along the way, you’ll learn practical steps to reduce interference from negative thoughts so you can start accumulating wins (and profits).

Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world. In Principles: Life and Work, he shares the guiding principles powering his success and Bridgewater’s.

Principles is a manual for rational thinking. The main theme is that finding truth is the best way to make decisions, and that ego, emotion, and blind spots prevent you from discovering the truth. Dalio shares his major strategies to circumvent these weaknesses, including total receptivity, extreme honesty and transparency, productive conflict, and credibility-centered decision making.

In our Principles guide, you’ll learn how to get past your ego in pursuit of your goals, why you need other people to improve your probability of being right, and the five-step process for getting what you want out of life.

Many everyday people strive for wealth and happiness, but most of us struggle along the way and very few seem to achieve both. Still fewer share their insights about how to get there—entrepreneur and self-made millionaire Naval Ravikant has become known for doing this online, via Twitter, podcasts, interviews, and blog posts. The Almanack of Naval Ravikant is a collection of those insights on wealth and happiness compiled by business blogger Eric Jorgenson.

In our guide, we’ve followed the basic structure of The Almanack, which has two parts: advice on how to build wealth and advice on how to build happiness. In the first section of this guide, we’ll explore Ravikant’s principles for building wealth and in the second section, we’ll explore his ideas about building happiness.

Along the way we’ll explore what others have to say about wealth and happiness, and we’ll consider other factors that affect your ability to achieve these things.

Are you struggling to achieve consistent success as a financial trader? Trading consultant Mark Douglas says you don’t need more knowledge or better advice to improve. He claims one factor distinguishes successful traders: a winning mindset. In Trading in the Zone, Douglas explains that when trading, we often mistakenly embody a fear-based mindset instead and avoid risk. Therefore, no matter how much time we spend studying the market, we’ll fail to establish a pattern of winning. To achieve consistent success, we need to train ourselves to think differently and embody the winning mindset, and Douglas tells us how.

In this guide, we’ll present the mental barriers that Douglas says we need to overcome and the core beliefs we need to internalize to trade successfully. We’ll also examine research in psychology, biology, and finance that explores these concepts. Along the way, you’ll learn practical steps to reduce interference from negative thoughts so you can start accumulating wins (and profits).