No. of Recommendations: 2
Bernstien and Malkiel have written books based on a very faulty perception of the market, and bad mathematics. Stocks do not vary according to a random walk, nor do they behave according to a normal distribution. It amazes me that people ever have believed that stuff.

For some sound mathematics, see Mandelbrot's "The (Mis)Behavior of the Markets". Unfortunately, this book will not tell you how to trade, but it does completely debunk the other stuff.

I should point out that the Bernstein, Malkiel school of analysis of the markets was what got us the Black-Scholes option estimation. This, in turn, led to the Long Term Capital Management fiasco.

For stuff that may make you some money, try Alexander Elder's "Trading for a Living", and O'Neil's Books on CANSLIM.

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