5 Best investment books to read before stepping into the market
Are you looking to begin your investing journey but don’t know where to start? Scroll below for some book ideas.
The Internet offers a plethora of investing advice. But it can be taxing to read multiple websites, and there can be discrepancies among them. Therefore, what is the next best solution? Books!
Investment books offer an in-depth analysis into the markets, give a historical perspective and leave an impact on you. Below is a list of such books.
- The Intelligent Investor by Benjamin Graham
Described as one of the best investing books ever written by Warren Buffet, Graham wrote this book in 1949. In his book, the father of value investing focuses on distinguishing between investing and speculation. Other than that, he offers advice on investing with a margin of safety and valuing a company, among others. Warren Buffet suggests reading Chapters 8 and 20 of the book.
- Fooled by Randomness by Nassim Taleb
Not really a book about investing but teaching about investing, Fooled by Randomness will apply to many aspects of your life including the markets. Nassim Taleb talks about the role luck plays in life, which is opposite to people believing in actions or behaviour as their secret to success. Once you start to look at your life from Taleb’s perspective in the book, nothing will ever be the same.
- Buffet: The Making of an American Capitalist by Roger Lowenstein
Get an inside look into the life of one of the best investors in the market, Warren Buffet. Journalist Roger Lowenstein gives the readers’ access to Buffet’s life, career and especially his investment strategy that made Buffet a billionaire. If you are interested in value investing, there is nothing better than knowing everything about Warren Buffet.
- Rich Dad Poor Dad by Robert Kiyosaki
While this book focuses more on personal finance, it is still a useful read for anyone entering the market. This book differentiates the spending, investing and saving between a rich person and a poor person. It says that a poor person works for money and acquires liabilities, but a rich person makes money work for them and acquires assets.
- Poor Charlie’s Almanack by Charlie Munger
Charlie Munger is known for this knowledge in the investing world, alongside his partner at Berkshire Hathaway, Warren Buffet. The book contains Minger’s 11 speeches that are sprinkled with chunks of wisdom. Expect to learn about objectivity, thinking of investors and more.