3 Top Investment Books I Still Read!
As a beginner to the stock market, do you have plans to invest in stocks directly to make huge returns? If so, the first action would be acquiring necessary investment knowledge. Below, I have listed “Top Investing books for beginners”, would be a perfect bet to teach you on how to invest successfully.
These are my most favorite investment books, I brought years back. I still referring the same before making any investment decisions along with my personal investment framework.
Yes, these books will give you perfect knowledge as well as investment ideas.
Common Stocks and Uncommon Profits | Considering as one of the top investing books for beginners to read
First published on 1958 by Philip A. Fisher and Kenneth L. Fisher, “Common Stocks and Uncommon Profits” is my most favorite investment book. I have read more than 35 times!
One of the major attractions in this book is the 15 points on investing. These points function as a checklist on 15 key aspects to look into any common stocks. This would help you to consider whether the stock is worthy to invest or not.
This book gives you solid foundation on value investing. It will teach you how to invest, where to invest and when to invest and easy to grasp. “Common Stocks and Uncommon Profits” is an evergreen investment guide from the group of Wiley Investment Classics!
Important lessons from “Common Stocks and Uncommon Profits” are:
– 15 point checklist to identify the best stocks
– The “Scuttle Butt method” to gather information from the industry to make investment decisions.
– “Buy and Hold for Long Term” and how this style help creating enormous wealth to investors?
– “Importance of investment diversification”
– “The strong reason why Fisher is not preferring dividend stocks” – Fisher explains why dividends are not so important.
The Warren Buffett Way: Investment Strategies of the World’s Greatest Investor
Another fantastic book in my collection, read more than 20 times!
Originally published on 1995 by Robert Hagstrom, “The Warren Buffet Way“, a fascinating investment book for beginners. It covers Warren Buffet’s life and his innovative, highly successful investment theories and tactics..
Important takeaways from “The Warren Buffet Ways” is:
– How to assess a stock/business to find a good buy
– Why should not pay too much attention to the stock market
– Should not worry about the economical changes, why?
– Never pay too much attention to the stock market and stock prices, why?
– The importance of patience and the need of creating a portfolio with right stocks.
The New Buffettology: Warren Buffett’s Proven Techniques for Investing Successfully in Changing Markets
This is really an awesome read and the third book I personally purchased to my investment library. I have read this book more than 15 times and still reading.
Published on 1997 by Mary Buffett & David Clark. If you read the original Buffettology, it tell half of the Warren Buffett’s investment strategies.
“The New Buffettology“ tells Buffett’s selective contrarian approach for exploiting down stocks. Authors Mary Buffett and David Clark explore Buffett’s recent investments in very detail.
“The New Buffettology” is an essential companion along with the original “Buffettology”, a road map to investment success in the worst of times.
Important takeaways from “The New Buffettology” is:
– How to determine what you want to own
– How compounding make investors rich
– Need of sustainable competitive advantage
– How to become rich with other peoples money
– Evaluation based on Compounded Annual Growth Rate, Earnings and Rate of Return
– How to detect excellent businesses to invest