As you plan on starting investments, you try to learn more about this topic. The internet makes it convenient for any person to learn about it and start investing. Besides forums and blogs, reading books about investment seems more knowledgeable. Here are a few investment-related books that you can start reading to gain new knowledge to apply while investing:
The Intelligent Investor by Benjamin Graham
A classic written by Warren Buffett’s mentor, Benjamin Graham, explains all the fundamental aspects of value investing and fruitful returns. Buffett has claimed the book to be the best written-word on investing. In the book, Benjamin gives us three key lessons to live by when investing. One, opt for long-term, have a backup in case of losses, and keep realistic profit goals. Two, with a humorous take on the stock market, he personifies by telling us not to trust Mr. Market as he can be irrational at times. Three, stick to one plan every time you invest as there is no need to keep changing formulas to invest.
The Warren Buffett Way by Warren Buffet
Written by the ‘Wizard of Omaha’ himself, Warren Buffett, has outlined his life of investing and knowledge into this book. He has been one of the largest shareholders for Berkshire Hathaway who went on to become the CEO now. The techniques and the methods that he has used in his entire life that the book mentions, is applicable in the real world investing life. Unlike his other books, he has given a glimpse of his life through this book. He breaks down the aspects of franchises, discount periods of companies, and not just being a better investor but also a better business owner. Investing never goes wrong, as long as you read this book.
One Up On Wall Street by Peter Lynch
Peter Lynch gives many lessons on kickstarting in the stock market. His teachings are a result of him working as a fund manager for so many years at a US mutual fund company called Fidelity. Many reviews direct to his way of writing, and the readers get to understand he is as sane as anyone else; rational, curious, and ready to take on the investment world. Some of his lessons include understanding the nature of companies, correlating profits to the size of the company, investing in small companies or companies with no debts, and the list goes on.
A Random Walk Down Wall Street by Burton G. Malkiel
The book is popularly is known as ‘Random Walk Theory.’ Burton gives the readers a more in-depth insight into understanding the various elements and trends involved in investing and the stock-market. The chapters in his book explain the art of analyzing these elements. Starting with the foundations, he moves on to explain the trend amongst the crowd at a specific time by giving several examples from the sixties to the nineties. Further, he continues to the stock market booming in the age of the internet, the 2000s. He includes theories like portfolio theory and random walk theory. It is an excellent read for those who are willing to get into the technical and fundamental analysis of the stock market and investing.
The Little Book of Common Sense Investing by John C. Bogle
John C. Bogle, another great investor amongst Warren Buffett and Benjamin Graham, has written several short books in the series of ‘The Little Book.’ By far, this edition of the series is the most recommended. The small book has around eighteen chapters. He struck the Vanguard/Bogle investment philosophy for many beginners. Many stock market investors describe this philosophy as the broad low-fee index fund. In the end, he has a chapter called, ‘What would Benjamin Graham have thought about indexing’ that includes supportive quotes by Graham and Buffett both, which is a smart move to make when writing a book.
Irrational Exuberance by Robert Shiller
Robert Shiller is a best-selling author, economist and an economics professor at Yale University. In his book, ‘Irrational Exuberance’ he describes the state of mania when the overconfidence of investors takes over only to decline the stock. If you want to get into the entire concept of investment, ‘Dot-com Bubble’ is something with which you should be familiar. It is a speculative bubble, due to the extreme growth of the internet in the 2000s. During this growth from 1994-2000, many small online companies and larger companies boomed until the crash started in 2000. Till date, the Dot-com bubble is the massive stock bubble crash. Shiller explains the values underlying in this incident to help the readers understand the flipside of investing.
Common Sense On Mutual Funds by John C. Bogle
This book is another classic by Bogle, where he talks about everything investment. Bogle has divided the book into five parts; investment strategy, investment choices, investment performance, fund management, and spirit. The philosophy of broad low-fee fund index is applied to these concepts as well. He goes in-depth to explain this philosophy of his. The book covers the need for long-term investing, mutual funds, investment realities, traditional management transitioning to marketing, and much more. The explanations of these concepts and terms are short yet in a detailed manner. In the end, he discusses his personal experiences with different mutual funds.
Unshakeable- Financial Freedom Playbook by Tony Robbins
Tony Robbins is America’s top life and business strategist, along with being a philanthropist. After all these classics, you also ought to understand the modern take on investment. This life coach unveils the essence of successful investors to date. The book does not get into the basics of investing and the stock market but directly gets into the step-by-step techniques of flourishing your money. His lessons include not to lose money, low-risk high-reward ratio, and checklists for investment.
All the books mentioned above, are the works of experts in this field of stocks. The apprehension of the classics into the contemporary world is as unique as the Dot-com bubble that surfaced in the 2000s, and to apply it in the real stock world is an art that you can master and refine.
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