Best Investment Books
The Intelligent Investor
The Book Explain Following things
- Graham urges you to invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price
- An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.
- Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
- It simply means being patient, disciplined, and eager to learn; you must also be able to harness your emotions and think for yourself.
- To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.
- The intelligent investor realizes that stocks become more risky, not less, as their prices rise — and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale.
- The defensive investor must confine himself to the shares of important companies with a long record of profitable operations and in strong financial condition.
- Those who do not remember the past are condemned to repeat it.
2. The Little Book of Common Sense Investing
If you heard about investing (usually a sign we're in a bubble or getting there) and you're thinking of start investing you should start with this book.
It makes a really compelling argument for investing using an index fund and saving time and energy for other things you may enjoy more than researching companies, etc.
3. How to Avoid Loss and Earn Consistently in the Stock Market
The Book Explain Following Things
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
4. Think and Grow Rich
You ask 10 people around you what they want in their life. The answer will vary from Security, Financial freedom, New house, Better job, Freedom etc. These broad terms answers will have no definite plan to achieve what they want but many of us wouldn’t know how to do it. If you have the same wish and dream but don’t know to how to do it, then this book is for you.
5. Security Analysis
Read it as you would philosophy - it's for training a mindset, not a pragmatic methodology. Given that present theories of fundamental valuation derive from this work, it is an interesting read. Additionally, there are social benefits - it is the financieur's equivalent of Plato's Republic.
6. One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
“Invest in what you know”
“Investing without research is like playing poker and never looking at cards.”
“Invest in what you know. It leaves out the role of serious fundamental stock research. People buy a stock and they know nothing about it. That’s gambling and it’s not good.”
7. The Millionaire Next Door
This book like most of the other financial books focus on the point of saving & investing. Along with these avoid unnecessary expenditure, flashy things. In short look for the all the opportunity to save money. As the one who avoid unnecessary expenses are rich. There are many more such points which are explained in the book.
8. BEATING THE STREET
He explains how his children and how children can invest in the market, by investing in what they know. He says to never invest it anything that you can’t draw with a crayon. He says you should be able to explain the business to a 10 year old.
9. Common Stocks and Uncommon Profits
The author of the book, Philip Fisher was a very successful investment legend of his time. He had a great influence on Warren Buffet, the billionaire investor and one of the richest person on this planet. Buffett himself has stated he is “85% Graham and 15% Fisher.”