Investing is one of those areas that tend to stir-fry the emotions because it deals with money. But it doesn’t have to be that way. There are three ways you can avoid or reduce this stir-fry of emotions – (1) skip Investing, (2) have wealth manager manage it for you, or (3) be a learned person and do it yourself with emotions on checks & balances. Of course, your best bet to financial freedom is to mix 2 and 3. In either case it makes sense to learn from the best teachers out there on this topic.
We have compiled a list of Best of the Best books on Investing so you can sharpen your edge when it comes to investing with your money.
The Intelligent Investor
by Benjamin Graham
Here’s a book by the Father of Value Investing. Benjamin Graham taught people worldwide how to evaluate stocks based on underlying “value”, which shields investment from market’s unpredictable (and often unreasonable) fluctuations.
One of most notable student of Benjamin Graham – Warren Buffett – is also one of the richest person in the world.
One Up on Wall Street
by Peter Lynch
One of the most successful money managers – Peter Lynch – offers in this book his philosophy of picking stocks. He strongly believes we can pick home-runners by paying attention to every walk of life and applying certain rules to filter the best and discard rest.
A Random Walk Down Wall Street
by Burton Malkiel
This should among the first few books that you buy on Investing. The book provides a perspective on how unpredictable and (ironically) inefficient in its own way the market truly is. The book also shows the value of Index Investing and how it can put checks & balances on risks.
Even if you are a not a big fan of Index Investing you will learn few important characteristics of the market.
Another book that focuses on Index Fund Investing. Bogle has extensive amount of data to support his advise. He strongly puts the case that trying to beat market is simply foolish and success at that could be lucky at best.
Again even if you are not a big proponent of Index Fund based investing, you could still find the case presented by Bogle quite convincing. Absolutely worth a read.
How to Make Money in Stocks
by William J. O’Neil
This book focuses on Growth Stocks Investing. Mr. O’Neil created a system called CANSLIM that helps evaluate and select exceptional performers in recent times – irrespective of whether market is in good time or bad time.
The CANSLIM method evaluates several aspects of the stock (and the company behind it) – like Earnings & Sales increase, Newer (Products or Management), Industry ranking, Institutional Sponsorship, etc. There is a lot to learn here.
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