Let me preface by saying I don't subscribe to EMH. With the people I work with, everything is fundamental analysis. I don't have much by way of suggestions for learning technical analysis.
I recommend basically reading books by:
Peter Lynch, Phil Fischer, and then chapters 8 and 20 of the Intelligent Investor. The book, Applied Value Investing, is also a pretty good place to start that actually does a lot of things well, combining both theory with practical case studies.
-Reading the Buffett Partnership letters (not the Berkshire letters) is very helpful for someone managing small sums of capital, say below $10M
In addition, you need to read and learn about financial accounting and valuation. John Tracy's How to Read a Financial Report is a good starter... for valuation Aswath Damodaran has a pretty good book that can be combined with McKinsey's book on the subject. Beyond that, some more advanced accounting books, especially forensic stuff is great to know. Financial Shenanigans and Creative Cash Flow Reporting are where I'd start with that.
To be really good you also need to read quite a bit about psychology/mental models. Look for speeches/lectures by Charlie Munger. Books like Stock Market Wizards/anything that contains a ton of interviews with investors are also great. Reminisces of a Stock Operator is pretty good for giving you an account of the ups and downs that come with investing -- the guy the book is based off of blew his brains out. Studying financial history is also a must, especially with learning about prior bubbles.
Finally, you just have to commit to reading a whole lot, every day, and becoming a learning machine.
I've read the books you listed, and whole heartedly agree with the Graham/Dodd/Buffet crowds with respect to fundamental analysis. However, I don't think this philosophy is mutually exclusive with the Efficient Market Hypothesis. I personally believe in a loose form of EMH, since it actually makes intuitive sense to me. A loose form doesn't mean that investors are SOL in terms of finding good investments; they just need to work much harder (doing all the things you outlined: reading and learning, constantly) to build a high margin of safety and refrain from speculating on high risk securities.
To add to your insightful comments, I'd also recommend subscribing to The Economist to get excellent worldly news about business, finance, and economics.
Yeah, I agree with the loose interpretation of EMH. The market has to be somewhat efficient in order to eventually realize a security's true value.
Personally, my favorite stuff is where there are clear inefficiencies.
Investing in orphan spinoffs is an example-- a company is spun off from its parent but is too small to be included in the S&P 500 or some key index, where its parent exists. Since it wont be part of the major indices, fund managers are forced to sell, creating the kind of inefficiency that an investor can profit from.
I recommend basically reading books by:
Peter Lynch, Phil Fischer, and then chapters 8 and 20 of the Intelligent Investor. The book, Applied Value Investing, is also a pretty good place to start that actually does a lot of things well, combining both theory with practical case studies. -Reading the Buffett Partnership letters (not the Berkshire letters) is very helpful for someone managing small sums of capital, say below $10M
In addition, you need to read and learn about financial accounting and valuation. John Tracy's How to Read a Financial Report is a good starter... for valuation Aswath Damodaran has a pretty good book that can be combined with McKinsey's book on the subject. Beyond that, some more advanced accounting books, especially forensic stuff is great to know. Financial Shenanigans and Creative Cash Flow Reporting are where I'd start with that.
To be really good you also need to read quite a bit about psychology/mental models. Look for speeches/lectures by Charlie Munger. Books like Stock Market Wizards/anything that contains a ton of interviews with investors are also great. Reminisces of a Stock Operator is pretty good for giving you an account of the ups and downs that come with investing -- the guy the book is based off of blew his brains out. Studying financial history is also a must, especially with learning about prior bubbles.
Finally, you just have to commit to reading a whole lot, every day, and becoming a learning machine.