Books Every Investor Must Read - Part 1
Updated: May 15
It's vital to learn about investing as early as possible in your life. One of the main reasons for doing so is to harness the power of compound interest. With the Internet and all learning has become very easy but still, to get a much better perspective and detailed analysis, every investor should consider reading some good investment books.
Here we have curated a list of investment-related books that might provide you some interesting and valuable guides as an investor and help you in investing wisely.
1# Rich Dad Poor Dad By Robert Kiyosaki (1997)
This is a classic read for anyone who is into investing. This book revolves around what rich people teach their kids about money, which most of the middle-class parents and poor don't even bother about. The simple message of this book is to endorse the importance of investing early to make your assets work for you, a concept everyone should know. Kiyosaki emphasizes on the importance of financial literacy and financial independence as the final goal to avoid the rat race.
Kiyosaki also advises that America's educational system is designed to keep people working hard for the rest of their lives and the school system does an incompetent job of teaching people about creating wealth and financial independence.
2# Stocks for the Long Run By Jeremy Siegel (1994)
Jeremy Siegel, Wharton School of Business professor is really a pro when it comes to the concept of investing in stocks over a long period of time. Based on more than two centuries of research, Jeremy Siegel believes that equities will surpass all other types of financial assets in terms of performance. Jeremy Siegel also argues about how stock returns are safer and more predictable during inflationary periods.
This book is perfect for you if you need some convincing that stocks are the best assets over a long period of time.
3# The Intelligent Investor By Benjamin Graham (1949)
Benjamin Graham is considered one of the greatest practical investment thinkers of all time. This book birthed the idea of security analysis that laid the foundation for a generation of successful investors.
In this book, Benjamin focused more on investment principles and the investor's attitudes and spent less time discussing the technique of analyzing securities. With this book, Benjamin delved into teaching investors three things.
How to maximize the chance of achieving wins.
How to overcome demoralizing thoughts that often prevent investors from reaching their potential.
How to minimize the chance of irreversible losses.
Throughout this book, you will explore some interesting investment takeaways and Benjamin's formula for successful investing.
4# The Essays of Warren Buffett: Lessons for Corporate America By Warren Buffett (1997)
Warren Buffett is widely considered to be the most successful investor in modern history. In this book, Warren talks about his views on the different topics related to corporate America and shareholders, which can be very helpful for investors in the interface between a company's management and it's shareholders.
This book also touches on topics like corporate governance, investing, alternatives to common stock, finance, accounting, mergers & acquisitions, valuations, and tax matters. Warren also advocates buying shares of the company at times when stocks are trading at a discount from their original value and opposes the idea of investing based on following investing trends.
So these are our picks at the moment, we will come back with more book recommendations as we move along.
We all know, Investing can be confusing especially with so many choices available in the market, that can either generate or destroy wealth. But there are a lot of source material and books on investment and valuable investment strategies written by people who have achieved success in the field of investment. The more you read and learn, the more you will be able to utilize these strategies into your investment portfolio.
If you are someone who is very new and don't know anything about investing, you can start here.
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