There are many different sources of information to help you understand the principles of the investment process, but the best of them is investor literature. What books should you read to learn how to invest your money correctly and profitably?
Below is a selected collection – books about investing for beginners from the best and most successful authors.
The Best Investing Books | Titles By Mark Dice & Other
• «The Artful Investor. Manage Your Investments Professionally.» Author Mark Harrison.
Harrison is the editor-in-chief of a popular financial resource and a former successful analyst. In his book, he gives a clear idea of how the international financial market works, introduces the reader to the necessary input knowledge in investing, talks about finding information and its evaluation, and offers various mechanisms of stock selection and types of analysis. In addition, the publication includes examples of famous financial crashes, several interesting biographies of prominent investors, and a list of Internet resources that will be useful to an investor of any professional level.
• «The Intelligent Investor’s Guide. A Reliable Way to Profit in the Stock Market.» Author John C. Bogle
This investment textbook is the brainchild of the maestro of the financial world, founder of the independent investment firm Vanguard, John Bogle. As a student, he brought to life the idea of an index fund whose main purpose was to track the market without high-paying employees and high portfolio turnover. Bogle was able to resolve an industry conflict that had existed since its inception: who do corporations make money for, themselves or their clients? In “The Sensible Investor’s Guide,” Bogle answers that question and also talks about all the positives of index investing.
• «Ten Top Rules for the Beginning Investor.» Author Burton Malkiel.
Burton Malkiel is very helpful to those looking for books on investing for beginners. The author is a professor of economics at Princeton, and his developments have been of interest to investors who are trying to learn the laws of the financial world for more than thirty years. In his book, Malkiel talks about simple step-by-step tactics that will help any private investor reach the level of a professional, all with minimal risk. The main originality of the book is that it does not contain a huge number of tables and charts. Recommendations and ideas of Malkiel are so simple that they will be understandable even to those who are not versed in the securities market and are not good with figures.
• «The U.S. Stock Market for Beginner Investors.» Authors Tamara Teplova, Dmitry Panchenko, and Igor Klushnev.
Another publication that is on the list of the best books on investing. It covers all aspects a person needs to start the investment process in the stock markets of America. The authors define basic financial terms, tell about the rules of trading, reveal successful investment strategies and methods of minimizing risks. Also in the book you can find the history of the American stock market, the secrets of success of famous investors, as well as answers to the main questions: “How to Become an Investor?”, “How to Sell and Buy Stocks?”, “How to Work on Stock Exchanges through a Broker?”
• «Investments. A Textbook.» Authors: William F. Sharpe, Gordon J. Alexander, Jeffrey W. Bailey.
The book is accessible and detailed about the purposes and instruments of finance, highlights the typology of stock markets and financial assets, and examines the theory and practice of their work. Through the authors, the reader can learn about buying and selling stocks, market efficiency, and valuation of risky and common assets. Any investor, even those unfamiliar with the financial world, will be able to find useful information for themselves. Each chapter has inserts with key examples and concepts to help you successfully navigate the content and put the information into practice. This is the perfect investing book for beginners.
• Warren Buffett’s Rules of Investing. Author Jeremy Miller.
Investment columnist Jeremy Miller dedicated his book to financial professional, guru and “visionary” Warren Buffett. It collects his letters to colleagues and partners, in which Buffett reasoned about his performance and spoke in great detail about his own methods of investing. The letters are identified by theme, and there is also an analysis of the success story of Buffett Partnership Limited, the highly profitable company Buffett founded in 1956. Readers will learn from the book how one of the most important people in the financial world measured the performance of his investments, and how he achieved such stunning success.
• «The New Wizards of the Market. Conversations with America’s Top Traders» by Jack D. Schwager.
Jack Schwager is a popular financier and the creator of several books on financial literacy. In his textbook “New Market Wizards” Schwager tells his reader about the experience of world-famous traders who use atypical methods and techniques to make money in the investment market. Fundamental analysis, technical trading systems, pricing options – it is thanks to this heroes of the book have achieved excellent results in the financial arena. With the help of the information provided in the book, the reader will be able to implement in practice investment ideas from leading financial professionals, “market wizards.
• «How Mainstream Media Manipulates Millions» by Mark Dice.
Books by Mark Dice is not about how to successfully invest capital and become an investor. This book is for understanding of how the the financial market work, written by popular author, Mark Dice. The book includes stories of the real world effects of fake news, as well as stories of fake problem. The author introduces the reader to characters who use mechanisms of sharing information to manipulate stock markets or any business in the financial marketplace.
Also, if you liked this one, here’s the bonus authors:
Additional Titles by Lucy Hawking, Steve Quayle
Lucy Hawking has written two novels for grown-ups and four books about science for children, which she co-authored with her father Professor Stephen Hawking. Lucy Hawking’s George’s Secret Key to the Universe has been translated into 37 languages and is a New York Times bestseller.
Lucy has also written for the Daily Mail, the Telegraph, the Times and the Evening Standard and has been a guest presenter and regular contributor on radio.
Steve Quayle, author of a number of important books including Giants – Master Builders of Prehistoric and Ancient Civilizations.
• «Investment Valuation. Tools and Methods for Valuing Any Asset.» Author Aswat Damodaran.
The entire narrative here is based on the notion that all assets are valued, though not always accurately. Writer and author of many popular works Aswat Damodaran reviews the full variety of models used by financial analysts, talks about the variation of valuation parameters depending on specific conditions, and gives practical examples. The reader will find a comprehensive answer to the question, “What guides the choice of asset valuation models?” In addition, the book offers illustrations of the different markets operating in America and beyond.
• «Stock Trading. The classic formula for timing, money management, and emotion.» Author Jesse Livermore.
The author of this book is a private investor, a successful stock speculator, and the greatest trader in history. The book on investing “Trading Stocks” was published shortly before the author’s death, in 1940, but even now it is considered worthy of attention. Jesse recounts his stunning career, and the reader understands all the mechanisms by which Livermore won and lost millions, taking the profitability of the trading system to new levels. The autobiographical nature, the historical subtleties, all make for an interesting book that reads in one breath.
• «Liar’s Poker.» Author Michael Lewis.
This is a story about investment banks during a global economic crisis. Michael Lewis, a master of the genre that is defined as a “documentary business thriller,” tells the story of his character’s career at Salomon Brothers, at the time bearing the status of the most powerful and profitable investment bank in the world. The hero of “Liar’s Poker” begins as an ordinary trainee, navigating the difficult, frightening and interesting path to the top of the financial pyramid scheme. It is a frank account of human greed, ambition, lust for profit, and the obsession of the bond market.
• «Essays on Investments, Corporate Finance and Company Management.» Written by Warren Buffett, compiled by Lawrence A. Cunningham.
Warren Buffett is among the richest entrepreneurs on the planet, and his attitude toward finance has become a role model for millions. The book consists of the author’s letters to Berkshire Hathaway shareholders over the past decades. Considerable space in the book is given to reflections on accounting, Buffett also considers the tax components of long-term investments and emphasizes the importance of accounting policies. The reader is introduced to basic investment principles and can also get answers to questions about shareholder returns.
• «The Intelligent Investor» Author Benjamin Graham.
One of the most respected investors and economists in world history, concurrently the author of “The Intelligent Investor” Benjamin Graham examines all the nuances of creating and implementing a profitable investment policy, defines the fundamental principles of investing and the rules of behavior of a successful investor. The book presents a detailed analysis of various financial problems: from finding promising targets for investment to determining the likely rate of inflation and methods of protection against it. The reader will also find a detailed breakdown of the unique approaches to investing created personally by Graham.
• «Warren Buffett. How to Turn $5 into $50 Billion. The Great Investor’s Strategy and Tactics.» Author Robert G. Hagstrom.
In his book on investing, the author analyzes the principles that are fundamental to the approach of Warren Buffett, the genius financier and one of the richest entrepreneurs on the globe. Using analytics and comprehensive analysis, Robert Hagstrom tells the rules of doing business, touches on topics such as financial and human resource management, and talks about establishing company value. The textbook will help the reader understand and apply the investment behavior strategies that secured Warren Buffett’s wealth and recognition.
• «The Little Book of the Stock Market Winner.» Author Joel Greenblatt.
In his work, Greenblatt offers the reader a set of simplifications that make it easier to make investment decisions at the beginning of a financial career. The author presents a system of selecting companies whose shares should be purchased for investment, based on a comprehensive analysis of their economic performance. With the help of “The Little Book”, the reader will understand how to correctly and with minimal risk receive an annual profit that exceeds the average. The author reveals the secrets of investment success and explains why this approach will always work.
• «Ordinary Stocks and Extraordinary Returns.» Author Philip Fisher.
Philip Fisher is one of the most influential investors of all time, whose philosophy of investing became widely known forty years ago but remains relevant today. In his book, the first edition of which was published in 1958, the financier talks about how to choose promising corporations for investment, how to organize an investment portfolio, and how to time the buying and selling of common stocks. The publication is intended for professional investment advisors, private investors, and professors and students of economics.
• «Invest and Get Rich.» Author Heinrich Erdmann.
In the book, the author talks about the fundamental principles of investing, average portfolio returns, personnel management skills, changes in portfolio returns when compared with market returns. Also Heinrich Erdman provides a huge amount of unique information in the field of the optimal share of investments in the personal income of the shareholder. The main feature of the publication – it is written in simple language and understandable to everyone, even inexperienced person who is only interested in investing, but does not know where to start. What does it take to become a good investor? The reader will find a complete answer to this question in the pages of the book.
• «The Stock Market. A Course for Beginners.» Collective of authors, “Reuters for financiers” series.
This is an excellent investment textbook for readers studying stock markets in depth – the book covers all aspects of their work. The reader will find theoretical information about instruments, structure, investors, regulation and other important nuances of the system. The textbook tells how to correctly evaluate stocks, consider all their features, what instruments are used by financiers in the market, and what are the basics behind their regulation. Also in the book you can find exercises and examples that make the reading easier to digest and help consolidate all the theoretical material.
• «Benjamin Graham, David Dodd» – Securities Analysis
Another classic work in the world of investing by Benjamin Graham, on par with “The Intelligent Investor” and “Financial Statement Analysis,” which has survived several editions. This time the emphasis is on the analysis of securities and the criteria for their safe and profitable selection. This book on stock trading will be very interesting and useful to professional investors and financial market analysts, as well as those who plan to become them in the future and are looking for a good fundamental guide.
• «The Richest Man in Babylon» Author George Samuel Clayson.
The author examines aspects of personal success and offers several rules of enrichment that are the basis for understanding the financial market system, its principles and laws. When working on the book, George S. Clayson used the knowledge of his friends, relatives and colleagues who had experienced in practice the effectiveness of all the tools offered. The author is deeply convinced that in order to make all your plans and desires come true, you should first of all achieve success in the financial field. To do this will help the principles of financial management outlined in the book.
• «Think and Get Rich» Author Napoleon Hill.
“Think and Get Rich is one of the best-selling books in the world (more than 20 million copies had been sold at the time of the author’s death). It reveals the secret of success and offers a concrete plan of action. Napoleon Hill opens the reader’s eyes to the only way to get rid of prejudices and overcome all barriers, achieve your goals and, as a result, gain the long-awaited success. After reading the book, the reader will understand how to act correctly to get rich and what it takes. The Russian-language edition includes additional materials, including a brief repetition of what has been learned.
• «The Peter Lynch Method. The Strategy and Tactics of the Individual Investor» Author Peter Lynch.
Peter Lynch is a popular and successful investor who believes that uncomplicated valuation techniques allow even inexperienced investors to succeed. In his book on investing, Lynch invites the reader to evaluate his or her abilities, then addresses the issues of finding successful investment paths. After reading The Peter Lynch Method, the reader will understand what to strive for, what is best avoided, and how to properly analyze financial performance. The author concludes with specifics about when it is best to buy and when to sell stocks.