1. The Intelligent Investor by Benjamin Graham
It is a widely acclaimed book by Benjamin Graham on value investing. Written by one of the greatest investment advisers of the twentieth century, the book aims at preventing potential investors from substantial errors and also teaches them strategies to achieve long-term investment goals.
Over the years, investment market has been following teachings and strategies of Graham for growth and development. In the book, Graham has explained various principles and strategies for investing safely and successfully without taking bigger risks. Modern-day investors still continue to use his proven and well-executed techniques for the value investor.
About the Author:
A professional investor and economist, known all over the world, Benjamin Graham is believed to be the father of value investing. He first taught this new investment approach at Columbia Business School. A British-born, he is credited with having pioneered numerous cutting edge concepts that, many believe, pushed several of his followers in the world of investments, to the top.
2. One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch
Penned by the famous mutual-fund manager, Peter Lynch, this book elaborates the many advantages that an average investor has over professionals and how they can help them reach financial triumph.
How-To Use What You Already Know To Make Money In The Market explains how your knowledge alone can assist you to beat the pros of investing. From the viewpoint of America’s most triumphant money manager, investment chances are extensively accessible. Whether supermarket or workplace, you can find goods and services everywhere. You have to select these organizations in which to invest before they are found by skilled analysts. You will find them more interesting knowledge on investment. Thus the book has become one of the best sellers and treasure among readers. Moreover, this book provides a timeless recommendation on the money business. This book has discussed the tips, ebb, and flows on building it big in the investment market.
3. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle
“There are a few investment managers, of course, who are very good – though, in the short run, it’s difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing.” – Warren Buffett, Chairman of Berkshire
4. The Little Book That Still Beats the Market by Joel Greenblatt and Andrew Tobias
In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Market—a New York Times bestseller with 300,000 copies in print—Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book That Still Beats the Market updates and expands upon the research findings from the original book
5. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb
Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy – or something altogether more unpredictable?
This book is the bestselling sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets – we hear an entrepreneur has ‘vision’ or a trader is ‘talented’, but all too often their performance is down to chance rather than skill. It is only because we fail to understand the probability that we continue to believe events are non-random, finding reasons where none exist.
‘One of the smartest books of all time’ Fortune
6. Reminiscences of a Stock Operator by Edwin Lefevre
Reminiscences of a Stock Operator is adapted from a series of Saturday Evening Post articles written by Edwin Lefevre in the 1920s. The book narrates Livermore’s ascent from a “Boy Plunger” to the most influential speculator on Wall Street. While much of the book is devoted to Livermore’s experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre. Years later, many trading and investing books repeat the very same rules first enunciated by Livermore in Reminiscences, such as: go with the trend, no stock is too high to buy or too low to sell, let your winners run and cut your losses short, make your own decisions and market history repeats itself.
7. Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Warren E. Buffett (Foreword), Charles T. Munger (Author), Peter D. Kaufman (Editor)
Poor Charlie’s Almanack: The Wit And Wisdom Of Charles T. Munger is a biography written by Charles T. Munger. It also includes a foreword by Warren E Buffett and is edited by Peter D Kaufman.
This book is a biography that chronicles Charlie’s growth from his humble Omaha childhood to his phenomenal financial success. His Midwest values prepared him well for his long illustrious journey. The book also summarises his approach to life, decision-making, learning, and investing.
8. Irrational Exuberance by Robert J. Shiller
In this timely and prescient update of his celebrated 2000 bestseller, Irrational Exuberance, Robert Shiller returns to the topic gained him international fame: market volatility. Shiller breaks new ground in this second edition by laying out in even clearer and starker terms the market excesses that continue to destabilize the economy and disrupt our lives.
9. Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
First published in 1958, Common Stocks and Uncommon Profits and Other Writings is regarded as a great resource by investors. Its chief author Philip Fisher is regarded amongst the most influential investors of all time. The updated version of this book also includes the perspectives of Ken Fisher, an investment guru, and son of the original author. The opinions of Ken are presented in the form of an expanded preface and introduction.
10. The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai
A comprehensive value investing framework for the individual investor.In a straightforward and accessible manner, the Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger.
We have read every book that is mentioned over here.
Investing is a process and at times it would be required for you to read these books multiple times.
Believe you me will change the way you think about investing after reading these books.