Investing takes quite a while to master. If you’re a new investor, it can be a bit overwhelming with all the literature and courses around, to see which ones to spend your time on. I’ve put together a list of books that are considered the best in the field to help you learn the ropes of investing.
Table of Contents
What are the best investing books?
The Intelligent Investor by Benjamin Graham is an evergreen book to learn investing. Graham, who is considered the father of value investing, was a mentor to Warren Buffett, who is a great investor himself. The Intelligent Investor, published in 1949, is a book on value investing, which teaches investors to invest for the long haul and develop long term strategies. It teaches investors to pay attention to the fundamentals of a company instead of to the fluctuations of the market, which is prone to change on a daily basis.
Margin of Safety was written by Seth Klarman, a billionaire hedge fund manager of Baupost Group. When Klarman wrote the book in 1991, only 5000 copies were published and the book went out of print. This is a great book for value investing, which advises retail investors not to gamble in the market but have a long term strategy.
This book by Benjamin Graham and David L. Dodd is another gem in the world of investing books. It explains the philosophy and methods of Graham and Dodd in value investing. Security Analysis was first published in 1934 and has truly stood the test of time.
If you want direct access to the wisdom of Warren Buffett, also known as the Oracle of Omaha, his annual letters to shareholders starting from 1965 are a great way to get acquainted with his way of thinking as a business leader.
Charlie Munger is a long time friend and business partner of Warren Buffett and the vice chairman of Berkshire Hathaway. Poor Charlie’s Almanac is a collection of speeches and writings of Charlie Munger, compiled by Peter D. Kaufman and published in 2005. This is a book that contains Munger’s approach to life and investing and shares his wisdom and wit.