In this article, we review the 15 best investing books for your inspiration. Knowledge is power. Money gives power and good investment means more money. Successful men and women all over the world today are products of quality investments. People all over the world pay thousands yearly to learn the precepts for proper investments.
Like I said earlier knowledge is power and no wise man would start a business or make an investment no matter how little without first acquiring the necessary skills. This article identifies 15 of the world’s best investment books of all time. Thankfully it doesn’t cost much to acquire any of them and you too can get the chance to learn from the masters. The books are not ranked because each of them covers a unique niche.
15 Best Investing Books
Table of Contents
We see this as one of the best investment books for beginners. This book provides a comprehensive explanation of emerging markets, highlighting the need to understand the power various countries have in the global community and their roles in determining long time investments. The book emphasizes the importance of diversification and provides guidelines for going into emerging markets.
Though it’s titled a Beginner’s Guide, the book provides useful information for investors and businessmen of various levels. Frey discusses the reasons why investors get poor returns and how to avoid going down this road. He further provides tips to help readers in the investments they make going forward.
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In this book, Graham and Dodd use their real-life experiences to enlighten readers on the need to do a thorough risk analysis before making any form of investment. The book discusses share acquisition and the author’s advice investors that rather than focusing on a company’s reported earnings per share, they should focus instead on gauging the rough value of the business.
In the book which was first published in 1949, Benjamin Graham one of the greatest investment specialists in history introduces the philosophy of “value investing,” a financial term that has gained vast popularity in the financial world. The philosophy teaches investors to make long-term investment strategies void of avoidable errors.
Including a Life-Cycle Guide to Personal Investing by Burton Malkiel. Malkiel offers a life cycle guide for investment and provides insight on various investment opportunities including stocks, bonds, homeownership, real estate investment, and tangible assets like gold assets and other collectibles. The book also provides insight into emerging opportunities and investment ideas.
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Kahneman highlights two thinking systems that work together to determine our judgments and decisions; one system fast, initiative, and emotional and the other slower, more deliberate, and more logical than the first. In the book, he reveals the role of cognitive biases on everything we do, including the investments we make.
This book advises readers on effective budgeting and ways to get out of debt. He proposes seven baby steps that would enable people to achieve financial stability and share success stories of people who employed these steps.
Your Road Map to Financial Independence and a Rich Free Life by J. L. Collins. Here, Collins discusses various issues like debt, wealth building, preservation phases of investing, the stock market, investments, choosing the best investment firm, financial independence, social security, and other financial concepts.
Schwager answers the question of what separates unsuccessful investors from successful investors. He interviews financial experts like Michael Steinhardt, Tom Baldwin, Paul Tudor Jones, Bruce Kovner, and a couple of other financial gurus.
The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle. In this book, Bogle highlights low-cost index funds as the key to getting more returns on investments. The book describes the simplest and most effective strategy for creating and building wealth over a long period of time. It first published in 2007 and in 2017 an updated 10th-year anniversary edition was published.
Here, Train analyses both old and new money masters who have stood the test of time, identifying their investment techniques and strategies. The book covers financialists like Warren Buffet, Benjamin Graham, Philip Fisher, Paul Cabot, Peter Lynch, Michael Steinhardt, and a host of others.
Lessons for Corporate America by Lawrence A. Cunningham. The book documents Buffets letters to the shareholders of Berkshire Hathaway In; skillfully curated by Lawrence Cunningham and divided into seven sections, each highlighting Buffets’ views on various financial principles. The book gives readers the opportunity to learn from Buffet’s experiences.
13. Common Stocks and Uncommon Profits and Other Writings by Philip Fisher and Kenneth L. Fisher
Originally published in 1958, the book introduces investment techniques that have since been adopted by various investors and organizations including investment specialist Warren Buffet. The revised edition infuses fresh perspectives from the author’s son, Kenneth Fisher. Surely one of the best practical investing books you will think of.
14. Rich Dad Poor Dad by Robert Kiyosaki
We rate this book as one of the best investing books for college students. The book emphasizes the need for financial literacy and financial intelligence (financial IQ) in building financial aptitude. Kiyosaki uses the analogy of two dads, one Kiyosaki’s father who worked hard all his life but was never able to obtain financial security and his friend’s dad who gained wealth through entrepreneurship and taking smart investment decisions.
Most people have referred to Shiller as a prophet as the 2000 stock market collapse occurred on the month the first edition of the book was published. The book covers the various economic bubbles of the 1990s and early 2000s. The second and third editions of the book were published in 2005 and 2015 respectively.
Other Helpful Investing Books to Read
-The White Coat Financial Boot Camp: A 12 Step High-Yield Guide to Bring Your Finances Up to Speed by James M. Dahle.
-Stocks for the Long Run by Jeremy Siegel.
-You Can Be a Stock Market Genius: (Even if You’re Not Too Smart) Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
-Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle.
-One Up on Wall Street by John Rothchild and Peter Lynch.
-If You Can: How Millennials Can Get Rich Slowly by William J. Bernstein.
-How to Make Money in Stocks: A Winning System in Good Times or Bad by William O’ Neil.