Cultivate Stock Signals into Skills: A Guide for New Portfolio Managers in 2025

Entering the stock market without a plan is like playing a game without knowing the rules. This is why Stock Trading Books have become an essential tool that beginner investors must study and understand before starting their investments. In 2025, there are many interesting aids available, and we will help summarize and introduce them to you.

Learning Path for Stock Investment: From Basic Foundations to Advanced Levels

First Station: Building a Foundation with “Growing Stocks for Sustainable Results”

This book by Kavi Chukijkasem serves as an entry point into the investment world for beginners. It features smart teaching methods, with information presented in an accessible and well-organized manner.

Key points of the book:

• Principles of Value Investing from basics to practical application
• Qualitative analysis (Competitive Advantage) and Quantitative analysis (P/E, P/BV, ROE)
• Stock valuation methods that are simple and straightforward

Suitable for: New investors wanting to learn the fundamentals

Strengths: Uses easy-to-understand Thai language; examples are Thai stocks, making it relevant to the local investment context

Areas for improvement: Content is quite basic; it does not delve into advanced analysis details

Second Station: Studying Classic Concepts with “The Intelligent Investor”

Authored by Benjamin Graham, regarded as the father of value investing, written in 1949 but still highly relevant today.

Graham’s perspective:

• Investors are divided into two types: those with low risk tolerance or those seeking high returns through thorough research
• Investment principles based on reason rather than emotion
• Avoiding short-term speculation

Background: Graham himself achieved an average return of 20% per year between 1936-1956, while the market returned only 12.2% annually.

Suitable for: Investors with some basic knowledge who want to understand classic investment concepts

Strengths: A standard in the investment field; Warren Buffett himself considers it the best book

Challenging points: The translated Thai language can be difficult to read; examples involve foreign stocks, and some concepts may not align with current markets

Third Station: Exploring Strategies with “One Up On Wall Street”

By Peter Lynch, former manager of the Magellan Fund, which grew from $18 million to $14 billion over 13 years. It presents stock selection methods rarely discussed.

Tenbagger Strategy:

• Picking stocks with potential to increase tenfold or more
• Finding stocks that are not widely known
• Categorizing stocks into 6 types: slow growers, stalwarts, fast growers, cyclical stocks, turnaround stocks, and asset-rich stocks

Suitable for: Investors with some experience or those wanting to understand fundamental analysis

Strengths: Covers multiple aspects of investing; engaging reading; technical terms are not complicated

Challenging points: The Thai translation has issues; examples are foreign stocks, which may not be relevant to most Thai investors

Final Station: Studying the Methods of the Greatest Investor with “Buffettology”

Written by Warren Buffett’s former daughter-in-law, revealing his investment techniques, and can be considered a summary of high-level investing.

Buffett’s approach:

• Combining ideas from ###Graham( with personal experience
• Using DCF )Discounted Cash Flow( to evaluate value
• Investing from a business partnership perspective, not just buying stocks

Context: Buffett is the world’s richest person through investing, demonstrating the effectiveness of these principles.

Suitable for: Investors who have studied investing for some time

Strengths: Not overly complex; most formulas are understandable; clearly written

Points to understand: Focuses mainly on long-term investing; requires deep analysis skills

Creating an Effective Study Plan

) Why is studying Stock Trading Books important?

Preparation before entering the stock market separates successful individuals from those who incur losses. Knowledge acts as a shield, helping investors avoid mistakes others have made. While it doesn’t prevent all errors, it significantly increases the chances of success.

( What if I don’t read any books?

It doesn’t mean you can’t start, but you will need to adjust your investment strategies, such as investing through mutual funds managed by professionals. However, even this approach requires reading Stock Trading Books to understand how funds operate.

) How to choose Stock Trading Books suitable for yourself?

1. Start with Thai authors – The language and examples will better match your context. Translations from abroad often lose some information or nuances.
2. Study in order of difficulty – Begin with basic books and progress as your understanding increases.
3. Assess your own style – Every investor has a unique style. Reading multiple books helps you discover which approach suits your way of thinking best.

Techniques to Outperform the Stock Market Long-term

1. Market Timing ###Market Timing###: The ability to buy or sell at the right time—buy low, sell high—is applicable in both directions of the market.

2. Asset Selection ###Asset Selection(: Choosing assets with long-term growth potential. If assets do not appreciate, investments will suffer from inflation even if accounting shows break-even.

3. Asset Allocation )Asset Allocation(: Diversifying investments across bonds, stocks, real estate, and cash according to planned proportions. This reduces volatility and protects the portfolio for sustainable growth.

Shaping Your Investment Style Path

After studying the appropriate Stock Trading Books, the next step is application:

1. First: Invest in national stock indices to learn market movements.
2. Second: Select individual stocks using the learned concepts to build your own portfolio.
3. Third: Expand to foreign stocks once you have sufficient experience.

The most important thing is for everyone to find their own investment style through study, experimentation, and continuous adaptation. Stock Trading Books are just the starting point in the journey of gaining knowledge and skills. The final outcome depends on your mental resilience, discipline, and flexibility to adapt to market conditions.