People often consider trading a gamble, but honestly, it’s the opposite. To be successful in trading, one should be financially educated.
When you are just starting in trading without much knowledge, mind my words, you will lose money in the markets because of a lack of understanding of what you are getting into.
With proper strategies and facts under your belt, you and I can be the greatest investors of all time just like any professional, if done right.
I have good news for you that you don’t have to go far for learning the fundamentals of investing. From whom better to learn than the people who are already made fortunes from the share market.
There are numerous financial investment books available, and to decide where to start can be quite tricky. But worry not, I have made a list of top investing books which I feel have the best information to learn more about the market.
Read these best books on investing for beginners to find out what made them so successful before you put your dime in the share market.
Best Stock Market Books Of All-time For Beginners
Your search for the best financial analysis books ends here. Hold on tight and get ready for a ride full of money, I mean ways to make money through investments.
1. The Intelligent Investor: The definitive book on value investing (1949), by Benjamin Graham
Benjamin Graham, also known as the godfather of investing, wrote this book and was published in 1949. This is by far the best investing book that is ever written.
The best part about this book is that it doesn’t give you any false hopes. This book would not tell you how to become a millionaire after following a few steps but will tell you how to keep what you have and how to use it effectively to increase it gradually.
It mentions the ideas on security analysis and also laid the foundation for the generation of investors. It also has tested and verified principles that prove as an asset to every individual.
Even though it was published a long time ago, its strategies and methods are still completely relevant in the modern world. It is useful for both, a beginner and an expert looking for guidance through investment.
Even Warren Buffett has called it “the best book about investing ever written.”
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2. Berkshire Hathway Letters To Shareholders, by Max Olson and Warren Buffett
The book is written by Warren Buffet. Warren Buffet is the American Business magnate, millionaire, and philanthropist. He is the third richest man in the world and also the CEO of Berkshire Hathaway.
This book assembles the full, un-altered adaptations of all of Warren Buffett’s letters to the investors of Berkshire Hathaway.
Notwithstanding giving an astonishing contextual investigation on Berkshire’s prosperity, Buffett demonstrates a mind-boggling ability to share his techniques and go about as an instructor to his numerous understudies.
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3. The Warren Buffett Way, by Robert G. Hagstrom
This book is written by Robert Hagstrom and was originally published in the year 2004. This book is all about investment rules and tactics used by the great Warren Buffett for value investing.
The best part about this investing book is that it is written in a very facile verse.
The book starts with Buffett’s early life and his first investment, which was at age 11. It further mentions how he got influenced by reading “The intelligent investor.” This book is written on ideas regarding the capital market, management, and business.
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4. Rich Dad Poor Dad, Robert Kiyosaki, and Sharon Lechter
Rich Dad Poor Dad is a book written by Robert Kiyosaki, who is an American Businessman. This book gives you a clear explanation about handling your personal finances, and Robert provides us with tips as he is also someone who was brought up by a middle-class family.
This talks about the author, who was brought up two dads. One dad was his dad, while the other dad was his friend’s rich dad. He talks about how both of his dad’s life help him mold his mind on money and how they helped him to upgrade his thinking ability for a better investment.
He states that many of us are getting into a rat race under the name wealth, which is being overlooked as a good education and hard work. The writer in this book breaks the myth that it is not necessary for you to always work for money. Instead, you can make money work for you.
I could suggest no better book than rich dad poor dad when it comes to investing. Even though this book is not that useful for people who want to understand how to invest, it is important for people who want to know “Why to Invest?”
This book is one of the best personal finance books as it talks about business philosophy and also a unique perspective on cash flow.
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5. Security Analysis, by Benjamin Graham and David Dodd
Ben Graham and David L.Dodd wrote it and published it in 1934. According to Buffett, it is regarded as the most influential book on investment, which is ever written. To exactly quote him “ A road map for investing that I have now been following for 57 years.”
This book lays the earliest basis of what we now call value investing. New editions have come in the market and the book has been updated according to the modern-day requirements so you don’t have to worry about reading outdated stuff about investment.
More than one million copies have been sold through five different editions. It is a treat to the young investors as it provides many investment philosophies and technique guides.
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6. The Dhandho Investor, by Mohnish Pabrai
This is one of the best books on investing and is written by Mohnish Pabrai. Originally published in the year 2007, this book is about the investments of business savvy Patels from India
It talks about how to yield high returns using low-risk methods. It focusses on the capital allocation framework and how and where the capital can be invested in the stock market.
This book also elaborates on the principles of funding, which were previously stated by Benjamin Graham, Warren Buffett, and Charlie Munger.
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7. The essays of Warren Buffett, by Warren Buffett
This book is written by Lawrence Cunningham and comprises of crucial letters from Buffett to his partnership and Berkshire shareholders.
It is a composition of Buffett’s thoughts on investing and has general ideas of his mindset regarding investment ventures. This book contains upto 50 years old letters and essays regarding corporations and their shareholders.
It doesn’t matter if you are a beginner or expert in the investment world, one who wants to know all about Buffett’s thoughts should surely go for this one.
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8. Common Stocks and Uncommon Profits, by Philip A. Fisher
Famous economist Philip A. Fisher wrote this book in 1958. It gives a vivid idea of how to choose investment proposals by evaluating the management team of a company.
The USP of this book is that it was written around forty years ago but is still studied and is being applied by the financiers. Buffett quoted, “I am an eager reader of whatever Phil has to say, and I recommend him to you.”
Also check out: 14 Unique Ways of Personality Development
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9. A random walk down Wall Street, by Burton Malkiel
If you are totally new to the world of investment and know nothing about the investment terms and have no idea what to do then this the finance book you need. This book teaches you everything from the basic including the definition of various common terms used in investment.
The book is written by Burton G. Malkiel and is regarded as the best book to learn about investing for beginners in this industry. His book is all about what investment means and investment strategies.
According to his viewpoint, long term investments are considered better than ones that give you quick returns. Random Walk has sold near about 1.5 million copies to date and has also revised versions to it.
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10. One Up on Wall Street, by John Rothchild and Peter Lynch
Written by Peter Lynch, this book states that investment opportunities are present everywhere, one has to know the tactic to grab it in hands and make it fruitful. The author is adamant about the fact that any beginner in the investment world can become successful just like an expert.
He says that we have to walk slow so that we seize the opportunities which come in our way. It should not be missed, and we should be the ones to grab them before anyone. To date, more than one million copies have been sold and are still one of the best sellers on investment.
So if you are new to the world of investment and in need of serious boost up, go for this book.
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11. The five mistakes every investor makes and how to avoid them, by Peter Mallouk
It is written by Peter Mallouk and was published in 2014. A New York Times Bestseller, this book is a bit different from others as it is on what not o when you have investment plans and ideas.
It is more about the market’s risk analysis. The book is short but is sure a wonder for the ones who are starting fresh.
The investors can not keep repeating their mistakes, as it would become a significant drawback for them. So one must go through this book before investing one’s capital.
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12. The little book of common sense investing, by John Bogle
This book was written by John C. Bogle and was published in the year 2007. It mentions the ways on how to have the right amount of share in the stock market. This book focuses on the fact that ultimately, investing is all about common sense and how you can effectively use it to make great investments in the market.
He has stated about index investing and mutual funds as they bear a less risk factor as compared to the traditional stocks. He tells us about the reality and the more practical side of things in a no-nonsense and straight to the point. This book is of just 200 pages and is a thus manageable must-read.
According to Bogle, ” Trying to beat the market is a loser’s game.” So instead of beating the market, make your position secure in the market. Therefore, this book helps you to know how to withstand the tough situations in the market.
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13. The Big Short, by Michael Lewis
The big short by Michael Lewis is a book that was even made into a movie in 2015 and bagged various awards. This book is all about four outsiders who predicted the fall of the stock market also before it becomes a piece of news in 2008.
Though it was economic-based, which might bore the readers, Michael has made the story personality-driven, which makes the readers going.
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14. Angel: How To Invest In Technology Startups, byJason Calacanis
This is a golden book for those who wanted to get rich but not be creating something unique. This book opens the eyes for many stating that you can get rich by just supporting the guy who has an urge to create something new.
It’s investing! This book is written by Jason Calacanis, who is an angel investor and become very popular when he saw the potential in Uber and invested in them pretty early.
Calcanis was not a genius or brought from a wealthy family. But he knows the logical framework concerning investment, which he shares with us through this book.
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Also, you can check out and try Audible and get two free audiobooks.
KEY TAKEAWAYS
When it comes to reading books, books on investing is a must-read irrespective of who you are or where you are from, as it gives you a fundamental idea about cash flow and helps you to manage better with money. A list of best stock market books of all time to learn investing include:
- Berkshire Hathaway Letters to Shareholders, by Max Olson and Warren Buffett
- The essays of Warren Buffett, by Warren Buffett
- Security Analysis, by Benjamin Graham and David Dodd
- The Intelligent Investor, by Benjamin Graham
- One Up on Wall Street, by John Rothchild and Peter Lynch
- The five mistakes every investor makes and how to avoid them, by Peter Mallouk
- The Big Short, by Michael Lewis
- The little book of common sense investing, by John Bogle
- The Warren Buffet Way, by Robert G. Hagstrom
- A random walk down Wall Street, by Burton Malkiel
- Rich Dad Poor Dad, Robert Kiyosaki, and Sharon Lechter
- Common Stocks and Uncommon Profits, by Philip Fisher
- Angel: How to Invest in Technology, byJason Calacanis
- The Dhandho Investor, by Mohnish Pabrai
Conclusion
To conclude, if I go on counting the number of ideal and worthy books on investing, it would be a long list. There are no fewer books to be inspired from, discover various things, and undergo so many impactful changes in your life.
The books mentioned above can sure bring wonders to your life if appropriately implemented.
So go start investing, but make sure that you spend your time and money in these books as they will surely yield fantastic returns in the long run.
If you are a regular book reader, I recommend you to check out GoodReads for more book reviews and recommendations from passionate readers.
