A list of some of the books that can help you in your journey to becoming a better investor.
Learn To Earn: A Beginner’s Guide to the Basics of Investing and Business by Peter Lynch and John Rothchild - Many investors, including some with substantial portfolios, have only the sketchiest idea of how the stock market works. The reason, say, Lynch and Rothchild, is that the basics of investing — the fundamentals of our economic system and what they have to do with the stock market aren’t taught in school.
In Learn to Earn, Lynch and Rothchild explain in a style accessible to anyone who is high school age or older how to read a stock table in the daily newspaper, how to understand a company annual report, and why everyone should pay attention to the stock market. They explain not only how to invest, but also how to think like an investor.
The Psychology of Money by Morgen Housel - Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
Intelligent Investor - This one is a timeless classic from 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.
One Up on Wall Street by Peter Lynch - In this book, Peter Lynch teaches how a common investor can get great returns from his investment in the stock market if they follow few general investing principles and a common-sense investing approach. Lynch believes that with a little research and steady discipline, every common person can outperform the so-called investment gurus and make consistent returns.
Rich Dad, Poor Dad by Robert Kiyosaki, and Sharon Lechter - This book is the story of Robert Kiyosaki growing up with two dads — his real father and the father of his best friend, his “rich dad” — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
Richest Man In Babylon by George S Clason - Written more than a century ago - The Richest Man In Babylon is one of the greatest financial books of all time. This book provides many timeless lessons about spending, saving, and investing to build wealth that is as applicable today as when it was first written.
What are some of the books which have helped you in your journey that you would suggest reading?