Whether you’re a professional trader or considering your first investment, it’s essential for investors to have a solid understanding of investment rules and trends and be able to adapt to changes. Reading investment books is crucial for investors, as they help them benefit from the experiences, advice, and ideas of successful investors, and learn what they do, how, and why they achieve success.
Good books are the most important sources for learning the basics and rules of investing. Their importance also lies in their ability to enhance an individual’s financial and investment literacy. Awareness of investment mechanisms prevents investors from taking risks and enables them to make better investment decisions.
Investing Books: 9 Books Recommended by Warren Buffett
Warren Buffett, one of the most experienced investing giants of the modern era and the third richest man in the world , recommends the 9 best books on investing to read this year:
1. The Intelligent Investor – Benjamin Graham
When Buffett was 19, he received a copy of Benjamin Graham’s book, The Intelligent Investor. He says it was one of the happiest and luckiest moments of his life because it gave him the intellectual framework for investing. Buffett considers it the best investment book and recommends reading it whenever the market is experiencing a downturn or a strong one. ( See summary and download an electronic copy .)
2. Principles: Life and Work
TIME magazine selected investor Ray Dalio, the author of this book, as one of the 100 most influential people in the world. This book includes his biography, secrets, and ideas, and explains how companies and individuals can adopt these ideas, which include a set of rules that can be applied to investing, work, life, and financial affairs in general.
This book, published in September 2017, has been described by Bill Gates as having provided him with “priceless advice.” It can be purchased on Amazon for $17.
3. The little book that conquers the market.
By Joel Greenblatt, this book (The Little Book that Beats the Market) focuses on the simplicity of the investment process, as billionaire Buffett has previously explained that investing is a simple process, but it is not easy.
4. Common stock and extraordinary dividends.
By Philip Fisher, he offers advice on how to build successful companies. Buffett says, “I’m an avid reader of everything Philip says, so I recommend his book, Common Stocks and Uncommon Profits.”
5. Stress Testing: A Look at Financial Crises.
Buffett says Tim Geithner’s book, Stress Test: Reflections on Financial Crises, about the financial crisis is an important read for any manager. He has written many books about how to manage an organization during difficult times, but none of them include firsthand accounts of his experience leading a wing of the government during an economic catastrophe.
6. Warren Buffett’s articles.
American investor and businessman Warren Buffett is considered the greatest investor of the modern era, so this book, which includes a collection of articles written by Buffett over more than 50 years, is of great importance to investors.
Although the title is “Lessons for Corporate America,” it also includes shareholders. The book explains the relationship between corporations and shareholders, making it particularly useful for new investors. It can be purchased from Amazon for $27.
7. The Little Book on Common Sense Investing
Jack Bogle is credited with creating the world’s first index fund. This book, written by Bogle, includes strategies that enable investors to achieve the best returns on their investments. It is a book recommended by Buffett, who said, “It is a must-read for investors, large and small.” It can be purchased on Amazon for $17.
8. Where are the clients’ yachts located?
Buffett has called Fred Schwed’s Where Are the Customers’ Yachts “one of the funniest books ever written about investing,” and declared in 2006 that it delivers “many really important messages on the subject.”
9. Angel: How to Invest in Tech Startups.
This book includes advice from angel investor Jason Calacanis on how to profit from startups by investing in them with convertible debt or equity. It was published in 2017 and can be purchased on Amazon for $17.
This is a collection of the best investment books recommended by investment giant Warren Buffett for learning the principles of investing . If you want to learn how Buffett thinks, read the collection “The Essays of Warren Buffett,” which includes all of his ideas.Tags
