Investing can be a daunting task for anyone, but when you add in the fact that there are many different types of investment opportunities and strategies to choose from, it's not hard to see why some people might feel overwhelmed. The good news is that there are plenty of books out there that can help make things a little less complicated. In this article, we'll explore what 20 top investors voted as their favorite investing books of all time.
The Intelligent Investor By Benjamin Graham
The Intelligent Investor is a book written by Benjamin Graham, the father of value investing. He was Warren Buffett's professor at Columbia Business School and mentor. Buffet described this book as “By far the best book on investing ever written.” The main concept that he emphasizes in his books is to invest with a margin of safety which simply means to buy stocks at prices that make them attractive investments when compared to the company's intrinsic value.
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This book is a must-read for any investor and is available free online.
Security Analysis By Benjamin Graham
One of the most influential investing books ever written, Security Analysis is a cornerstone of modern financial theory. First published in 1934, it was penned by none other than Benjamin Graham – Warren Buffett’s mentor. The book covers everything from individual stocks to bonds and portfolios, making it an essential read for any investor.
Many experts consider Security Analysis to be the bible of value investing, and it’s easy to see why. If you want to learn how to invest like Warren Buffett, then this is the book for you.
You Can Be A Stock Market Genius By Joel Greenblatt
This book is all about how to find good investments and make money in the stock market. Joel Greenblatt, a successful hedge fund manager, shares his investing secrets with you in this book. He teaches you how to look for undervalued stocks and profit from them. You Can Be A Stock Market Genius is a must-read for anyone interested in investing.
The Essays Of Warren Buffett
This book contains a collection of the letters and other essays that have been compiled from Buffett's writing. This book is a must-read for anyone interested in investing and how it relates to life outside of the markets.
The Warren Buffett Way By Robert Hagstrom
This book is a great read for anyone looking to learn about Warren Buffett’s investment strategy. Hagstrom does a fantastic job of breaking down Buffett’s approach and making it easy to understand for the average investor.
Reminiscences Of A Stock Operator By Edwin Lefèvre
Reminiscences of a Stock Operator is one of the most well-known and highly respected books when it comes to investing. The book follows the life and career of Jesse Livermore, who was known as one of the greatest stock traders in history. Reminiscences provide an inside look at how Livermore thought about the markets, how he approached different trades and the changes in his ideas over time.
Margin Of Safety By Seth Klarman
The book Margin of Safety by Seth Klarman is a classic on value investing. It was first published in 1991 but has been updated with current data as recently as 2017 (which shows up on page 224). The introduction to the latest edition includes this quote: “It is my hope that the ideas and values espoused here will continue to be a guide to those who seek to preserve and enhance their capital while making the world a better place.” Klarman is the founder, president, and CEO of The Baupost Group, LLC., one of the largest hedge funds in the United States.
Common Stock, Uncommon Profits And Other Writings By Philip Fisher
‘Common Stock, Uncommon Profits And Other Writings' should be read by every serious investor. It is the first book that every aspiring value investor should read (and re-read) and it will teach you how to think like a great investor.
Philip Fisher's investment approach has proven to be extremely robust over time, as evidenced by his outstanding performance during the 1950s – 1990s. He focuses on understanding a business and its products before investing, which is something that all investors should emulate.
One Up On Wall Street By Peter Lynch
One Up On Wall Street is a great book for beginner investors. Lynch offers advice on how to invest in stocks and provides case studies to illustrate his points. This book is a classic for a reason – it’s packed with useful information.
Influence: The Psychology Of Persuasion By Robert Cialdini
It was first published in 1984. The book explores the psychology of persuasion and how to use it to influence people's behavior. It has been described as a “classic” and has been cited extensively in scholarly works.
The Great Crash 1929 By John Kenneth Galbraith
“The Great Crash 1929” is a book written by John Kenneth Galbraith and published in 1954. The book chronicles the events leading up to the Wall Street Crash of 1929 and provides an analysis of its causes. It has been praised as one of the most insightful books on the crash ever written.
The Little Book Of Common Sense Investing By John C. Bogle
John C. Bogle is the founder of Vanguard, and he is considered to be one of the most influential figures in the world of investing. This book is a great read for beginners, as it provides an overview of common sense investing principles that anyone can follow. The book also includes stories about how to invest in practice, and it is a highly motivating read.
When it comes to investing, there is no one right answer for everyone. Different strategies will work for different people, and what works today might not work tomorrow. That being said, there are a few investing books that have withstood the test of time and continue to be recommended by some of the top investors in the world. We’ve compiled a list of these books above, along with a brief description of each. So if you’re looking for some guidance on where to start when it comes to your own investment portfolio, look no further – these books are sure to help get you headed in the right direction.