Top 5 Books You Wish You'd Invested In
26 Jul 2016
There are hundreds, if not thousands great investment books out there, all with exceptional, unique, and valuable theories, insights, strategies, and wisdom that deemed a reading of their own. With that in mind, choosing fifty of them is already a hard task and even more for only five of them. But for the sake of the article, here it is, the top five books you wish you had invested in:
Why Stocks Go Up and Down
by William Pike
A basic, but in-depth introduction to stocks, bonds, and equity investing, discussing the basics of financial statement analysis, how to value stock price, and cash flow generation among many others. This book will dramatically improve your glossary about commonly misunderstood financial terms. What's actually is "diluted earnings"? What is "capitalization"? This book can't help but answer you these kinds of questions.
This book won't teach you investment systems or how to get rich quick, but will teach you all the fundamentals you'll need to know before you delve in the stock market. This book came with a subtitle:
"The Book You Need To Understand Other Investment Books," which perfectly summarize why this book should be on the top of every wannabe investors' reading lists. Read this book, learn the basics, and you're just ready to take your newfound fundamentals into practice in a CMC markets account.
Buffett: The Making of an American Capitalist
by Roger Lowenstein
It'll be tough not to mention Warren Buffet in any article about investment books. We're not just mentioning him, but we include the biography of the man himself.
As one of the most famous, and most successful investors, Buffet has been the idol, role model, and love him or hate him, life-changer of many wannabe investors and veterans alike. Journalist Roger Lowenstein gained three years unlimited access to Buffet's inner circle to provide the inside account of the American living legend.
Buffet's life story and journey in amassing his wealth will inspire you, his investment strategy and philosophy will amaze you.
As mentioned, this book has changed the life of many investors, and your best chance at discovering the infamous Warren Buffet. Who knows? Maybe it's your life this book will change next.
The Intelligent Investor
by Benjamin GrahamT
Maybe the most famous book on investing. At the same time, one of the top book people lied about reading, when they actually haven't.
The classic is a timeless, well-proven textbook about investment.Various market conditions over the years have proven the sophistication of Graham's theories, strategies, and wisdom, making this book the holy bible of the stock market since 1949.
The newer printed edition is annotated to update the context for today's conditions, but to be honest, it's arguable whether the timeless wisdom actually needs them. Featuring commentary by well-known financial journalist Jason Zweig, he looked at Graham's words with the perspective of the modern market, giving a more thorough understanding especially for younger readers.
An indispensable resource for beginners and veterans alike, it's time to actually read the book and stop pretending.
Fooled by Randomness
by Nassim Taleb
Ask any "investors" what's the difference between stock market investing and gambling, and you'll start a lengthy discussion with countless answers. But when we ask the similarities that made the two often compared to each other, the answer is It's how they both involve risk and luck. This book touch just about that topic: how randomness and luck affect Wall Street, our lives, and the world in general.
This book is an eye opener, and will change your mindset to see the world in a probabilistic way, all by keeping you entertained with its iconoclastic approach throughout the whole read. You'll understand how to look at risk, and luck in a different way, and will change your paradigm regarding fallacy and superstition.
Don't be fooled by randomness, embrace it!
Common Stocks and Uncommon Profits
by Philip Fisher
As the man widely mentioned by Warren Buffet as his idol besides Benjamin Graham, Philip Fisher is one of the most famous, influential, and game-changing investors of all time. Since its publication among forty years ago, Fisher's investment gospel has been read and applied by many financiers worldwide and has stood the tests of time to be one of the most evergreen financial and investment wisdom ever written.
The revised edition features perspectives from Ken Fisher, the author's son, who provide insights and commentaries from today's market perspectives.
An invaluable reading for investors of all levels, especially for its techniques and philosophies.