Best Books on Investing and Finance
Best Investing Books
1. The Intelligent Investor by benjamin graham
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.
Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
2. How to Avoid Loss and Earn Consistently in the Stock Market: An Easy-To-Understand and Practical Guide for Every Investor
Hundreds of books are there about “”How to make money from stocks?”” Still 80% small investors suffer loss in the stock market. Why?
Plenty of free trading tips are available across Television and Internet; still maximum small investors are unable to earn significant return consistently from trading. Why?
Why maximum individuals still consider the stock market as a place for gambling?
Investing in high-quality business (stock) at the right price and holding them for a reasonable period is the only way for wealth creation.Written in an easy-to-understand and simple language, this book will guide you on how to select fundamentally strong business, when to buy and sell stocks and above all how to minimize or avoid loss in the stock market.
Chapters-
1. How to avoid loss in the stock market?
2. Stock Market is NOT risky at all
3. First step of picking winning stocks
4. How to evaluate management?
5. Valuation — It matters much
6. When to buy and when to sell
7. Do’s and don’ts to avoid loss in the stock market
8. How to construct your portfolio?
9. Is it required to follow an equity advisor?
10. Quick formula for picking winning stocks
11. Little bit of myself — Important Lessons to be learnt
The book ends with a small note on “Life is not all about the stock market and money”
3. One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
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 beat the pros of investing. From the viewpoint of America’s most triumphant money manager, investment chances are extensively accessible. Whether supermarket or work place, 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 more interesting knowledge on investment. Thus the book has become one of the best seller and treasure among readers. Moreover, this book provides time less recommendation on money business. This book has discussed the tips, ebb and flows on building it big in the investment market.
4. How to Make Money in Stocks: A Winning System in Good Times and Bad
Written by the acclaimed entrepreneur, William J O’Neil, How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition is a handy guide that that deals with the stock market and its intricacies. The author of this book has written down the hard-earned knowledge he gained from his own experiences as an investor.
The price charts of winning stocks from the past century have been listed out in the beginning of this book. These charts are supplemented with notes throughout in order to make them more comprehensible to readers. In this book, the author discusses his trademark CAN SLIM method of investing.
The CAN SLIM method put together by the author consists of 7 steps which are aimed at maximising profits. This book imparts valuable information about the times when one needs to cut a loss and the times when one needs to invest and make a profit.
Mutual funds and exchange-traded funds are discussed as well by the author and he provides important tips on the ways to properly approach them while investing. The CAN SLIM method highlighted in this book was formulated by the author after analysing stock market patterns over the last 100 years.
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition runs its readers through important investment-related aspects such as an organisation’s growth rate, demand and supply, mutual funds, etc
5. Irrational Exuberance by Robert J.Shiller
As Robert Shiller’s new 2009 preface to his prescient classic on behavioral economics and market volatility asserts, the irrational exuberance of the stock and housing markets “has been ended by an economic crisis of a magnitude not seen since the Great Depression of the 1930s.” As we all, ordinary Americans and professional investors alike, crawl from the wreckage of our heedless bubble economy, the shrewd insights and sober warnings, and hard facts that Shiller marshals in this book are more invaluable than ever.
The original and bestselling 2000 edition of Irrational Exuberance evoked Alan Greenspan’s infamous 1996 use of that phrase to explain the alternately soaring and declining stock market. It predicted the collapse of the tech stock bubble through an analysis of the structural, cultural, and psychological factors behind levels of price growth not reflected in any other sector of the economy. In the second edition (2005), Shiller folded real estate into his analysis of market volatility, marshalling evidence that housing prices were dangerously inflated as well, a bubble that could soon burst, leading to a “string of bankruptcies” and a “worldwide recession.” That indeed came to pass, with consequences that the 2009 preface to this edition deals with.
Irrational Exuberance is more than ever a cogent, chilling, and astonishingly far-seeing analytical work that no one with any money in any market anywhere can afford not to read–and heed.
Best Finance Books
1. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
The bestselling The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth. Most of the truly wealthy in this country don’t live in Beverly Hills or on Park Avenue-they live next door. This new edition, the first since 1998, includes a new foreword for the twenty-first century by Dr. Thomas J. Stanley.
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today’s financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
3. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You’ll never find a wiser advisor with a bigger heart.” — Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian
This book grew out of a series of letters to my daughter concerning various things — mostly about money and investing — she was not yet quite ready to hear.
Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.
“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.
Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.
Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.
The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other.
Together we’ll explore:
Debt: Why you must avoid it and what to do if you have it.
The importance of having F-you Money.
How to think about money, and the unique way understanding this is key to building your wealth.
Where traditional investing advice goes wrong and what actually works.
What the stock market really is and how it really works.
Why the stock market always goes up and why most people still lose money investing in it.
How to invest in a raging bull, or bear, market.
Specific investments to implement these strategies.
The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age.
How your asset allocation is tied to those phases and how to choose it.
How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts.
TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions).
What investment firm to use and why the one I recommend is so far superior to the competition.
Why you should be very cautious when engaging an investment advisor and whether you need to at all.
Why and how you can be conned, and how to avoid becoming prey.
Why I don’t recommend dollar cost averaging.
What financial independence looks like and how to have your money support you.
What the 4% rule is and how to use it to safely spend your wealth.
The truth behind Social Security.
A Case Study on how this all can be implemented in real life.
Don’t let any of this intimidate you. Those that have gone before you say:
“….in his patented no-frills and often humorous style, JL makes it both approachable and simple. And powerful.”
“…effective message told in a visual, funny style.”
“…a refreshingly unique and approachable take on investing.”
“JL Collins has the gift of making boring financial concepts funny and interesting.”
“Instead of esoteric equations about measuring a stock’s alpha and comparing it to its beta, he lights up the campfire and starts telling stories.”
Enjoy the read, and the journey!
4. The Essays of Warren Buffett: Lessons for Corporate America
The fifth edition of The Essays of Warren Buffett: Lessons for Corporate Americacontinues a 25-year tradition of collating Warren Buffett’s philosophy in a historic collaboration between Mr. Buffett and Prof. Lawrence Cunningham. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Mr. Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Mr. Buffett’s best writings.
“Larry Cunningham has done a great job at collating our philosophy.” — Warren Buffett
“Larry Cunningham takes Buffett’s brilliant letters to a still-higher level by organizing them into single-subject chapters. The book begins, moreover, with an excellent introduction by Larry.” — Carol Loomis
“The book on Buffett — a superb job.” — Forbes
“Extraordinary — full of wisdom, humor, and common sense.” — Money
“A classic on value investing and the definitive source on Buffett.” — Financial Times
5. Too Big to Fail: Inside the Battle to Save Wall Street
They were masters of the financial universe, flying in private jets and raking in billions. They thought they were too big to fail. Yet they would bring the world to its knees.
Andrew Ross Sorkin, the news-breaking New York Times journalist, delivers the first true in-the-room account of the most powerful men and women at the eye of the financial storm — from reviled Lehman Brothers CEO Dick ‘the gorilla’ Fuld, to banking whiz Jamie Dimon, from bullish Treasury Secretary Hank Paulson to AIG’s Joseph Cassano, dubbed ‘The Man Who Crashed the World’.
Through unprecedented access to the key players, Sorkin meticulously re-creates frantic phone calls, foul-mouthed rows and white-knuckle panic, as Wall Street fought to save itself.
