Even the books that aren't for "complete idiots" or "dummies" about stock investing <>typically feature one of two fatal flaws: They either assume that the readers know too much, or they assume that they are too stupid to understand the real ins and outs of stock investing. The latter are even worse than the former, as they tend to cover only what their authors consider most important, and the authors are usually wrong.

The bad news is that in order to truly understand stock investing, you need to understand these basics that most writers think you're too dimwitted to comprehend. The good news is that the financial writers are the real dimwits. The basics really are basic and you can understand them if you have a good teacher or a really good book.

You Can Be A Stock Investing Genius

In 1997 a Wall Street pro named Joel Greenblatt wrote a great book called You Can Be A Stock Market Genius. The subtitle, Even If You're Not That Smart, was a potshot at those insulting books for Dummies and Complete Idiots. The book was intended to be for beginners, but Mr. Greenblatt inadvertently made it a little too complex for the average newcomer to stock investing. Ironically, the book became an instant classic among hedge fund managers - supposedly the smartest guys on Wall Street, who privately manage the play money of billionaires. But teaching his hedge fund peers was not Joel Greenblatt's goal, so in 2005, he wrote a new book entitled The Little Book That Beats The Market.

The second half of The Little Book is devoted to a particular stock investing strategy that Greenblatt devised. Greenblatt's "magic formula" may or may not be right for you, but the first half of the book is what's really important. It features what is probably the best explanation of stock investing for beginners to ever be published. The Little Book That Beats The Market is highly recommended to stock investing newcomers, and after reading it, you will be able to understand Greenblatt's first book and many other great books on stock investing.

Knowledge Is King - And Reading Is Fundamental

You can never hope to master stock investing in a matter of hours, days, months, or even a few years. To achieve only the basic level of knowledge necessary to begin stock investing will require you to read at least a few books.

After reading each of Greenblatt's books, consider reading Jim Cramer's Real Money and William O'Neil's How To Make Money In Stocks. They're both a little more advanced, but once you can comprehend them, you'll truly be on your way to becoming a stock investing pro. Also, consider subscribing to at least one publication that focuses on stock investing. The best are the newspapers Investor's Business Daily and The Wall Street Journal, but if you don't have time to read the paper every day, consider the biweekly Forbes or Fortune. Barons is a weekly newspaper that is great for finding stock investing ideas, and SmartMoney is a great monthly magazine, especially for newer investors.