I’m beginning to diversify the material I read to better compliment by Long Term Goals in life. In doing so, I’ve named ‘2014’ – “The Year of the Dollar”.
Initially, I’ve began with Self-Development , then on to Leadership – now “Finance and Investing”.
To help facilitate this process, I’ve done some research to help us find the Best Finance and Investment” books available.
“The Essays of Warren Buffett: Lessons For Corporate America” (1997) by Warren Buffett
In his essays, Warren Buffett – widely considered to be modern history’s most successful investor – provides his views on a variety of topics important to corporate America and shareholders. Young investors can get a glimpse of the interface between a company’s management and its shareholders, as well as the thought processes involved in enhancing a company’s enterprise value.
Buffett’s essays include discussions on corporate governance, finance and investing, alternatives to common stock, common stock, mergers and acquisitions, accounting and valuation and accounting policy and tax matters. Buffett outlines his basic business principles, and as the steward of Berkshire Hathaway, informs the shareholders of the company that their mutual interests are aligned. He has a philosophy of bringing in talented managers at portfolio companies and leaving them alone. He advocates purchasing shares of businesses at times when these stocks are trading at a discount from their inherent value. He opposes following investing trends.
“The Neatest Little Guide to Stock Market Investing” (2013) by Jason Kelly
The Neatest Little Guide to Stock Market Investing has established itself as a clear, concise, and highly effective approach to stocks and investment strategy. Rooted in the principles that made it invaluable from the start, this completely revised and updated edition of The Neatest Little Guide to Stock Market Investing shares a wealth of information
“Beating the Street” (1994) by Peter Lynch
Peter Lynch is one of the most successful stock market investors and hedge fund managers of the 20th century. He started out as an intern at Fidelity Investments in the mid 1960s. Nearly 11 years later, he was tasked to manage the Magellan Fund, which at the time had close to $18 million in assets. By 1990, the fund had grown to a whopping $18 billion in assets with nearly 1,000 stock positions. During this time, the fund boasted average returns of more than 29% per year.
The Great Reflation: How Investors Can Profit From the New World of Money
By J. Anthony Boeckh; John Wiley & Sons
The Great Reflation looks at the lasting effects of the recent housing and credit bubbles, and gives advice on how to capitalize in today’s shifting financial world.
“The Intelligent Investor” (1949) by Benjamin Graham
This book was written in 1949 and has been hailed by Warren Buffett as the best investing book ever written. Benjamin Graham is considered the “father of value investing,” a paradigm that advocates the purchase of stocks that appear underpriced relative to their inherent value, which is determined through fundamental analysis.
Graham delves into the history of the stock market, and informs the reader on conducting fundamental analysis on a stock. He discusses various ways of managing your portfolio including both a positive and defensive approach. He then compares the stocks of several companies to illustrate his points.
“Think and Grow Rich” (1937) by Napoleon Hill
“Think And Grow Rich” was written by Napoleon Hill during the Great Depression, and has since sold more than 30 million copies worldwide. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime. At the suggestion of Andrew Carnegie, Hill published 13 principles for success and personal achievement from his observations and research. These include desire, faith, specialized knowledge, organized planning, persistence and the “sixth sense.” Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy.
This book conveys valuable insights into the psychology of success and abundance, and should be considered a priority read given this age’s emphasis on shock-value entertainment and negative news.
“How To Make Money In Stocks” (2003, 3rd ed.) by William J. O’Neil
Bill O’Neil is the founder of Investor’s Business Daily, a national business of financial daily newspapers, and the creator of the CANSLIM system. If you are interested in stock picking, this is a great place to start. Many other books are big on generalities with little substance, but “How To Make Money In Stocks” doesn’t make the same mistake. Reading this book will provide you with a tangible system that you can implement right away in your research. (For more about CANSLIM, see Trader’s Corner: Finding The Magic Mix Of Fundamentals And Technicals.)
One Up on Wall Street by Peter Lynch
As many of you have heard me say, One up on Wall Street is, in my opinion, the first or second book any new investor should read. In it, famed mutual fund manager Peter Lynch teaches you how to use what you already know to make money in the market.
Common Stocks and Uncommon Profits & Other Writings by Philip Fisher
Philip Fisher is one of the most prominent and important financial thinkers in history. In this book, he examines the fifteen qualities of an excellent business. When this approach is coupled with Graham’s “value” method, it can be a very powerful thing.
Security Analysis by Benjamin Graham
Security Analysis was originally written by Professor Benjamin Graham in 1934. Five editions and a million copies later, the seven hundred page investing treatise will teach you how to analyze and value almost any investment. If you take more than a casual interest in building your networth, this book will change your life.
How to be a Billionaire by Martin Fridson
In this 250+ page book, the author takes you through the strategies of many of America’s billionaires, going back more than 100 years to such names as Getty and Rockefeller, and ending with such modern-day titans such as Bill Gates. It examines each of their strengths in an easy-to-digest format. This book is a fun and informative read.
Warren Buffet and The Interpretation of Financial Statements
Do you want to learn to read and understand financial statements? This classic investment book makes it simple.
9 Steps to Financial Freedom by Suze Orman
Renowned expert Suze Orman discusses nine steps each person can take to put themself on the road to financial independence. Not just limited to investment, this book covers everything from retirement to life insurance. It is an excellent companion if you are looking for a well-rounded approach to bring fiscal responsibility and discipline to your life.
Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud by Howard Schilit
The second edition of Howard Schilit’s book teaches investors to detect financial fraud and aggressive accounting in annual reports, financial statements, and SEC filings. There are dozens of real-life examples ranging from film to tech companies. If you take more than a casual interest in your investments, you should consider owning this book.
Common Sense on Mutual Funds, 10th Anniversary Edition By John Bogle
Common Sense on Mutual Funds is a critical look at the complex world of mutual funds, through the eyes of one of the masters, Vanguard founder and godfather of index investing John Bogle
Profiting from the World’s Economic Crisis: Finding Investment Opportunities by Tracking Global Market Trends By Bud Conrad
Analyzing the uncertain–and ever-changing–financial world of 2010, Bud Conrad uses government action and global market trends to predict the long-term direction of the U.S. economy.
The Little Book That Still Beats The Market By Joel Greenblatt
Originally published in 2005, this updated book discusses strategies for buying into good businesses at bargain prices. It is already considered by many to be a classic investing book.
A Random Walk Down Wall Street By Burton Malkiel
Malkiel’s book applies the mathematical idea of “random walk” to the stock market. He concludes that most investors are best served by passively investing rather than trying to outperform the market
Competitive Strategy By Michael Porter
Competitive Strategy is a business-oriented book that discusses how companies rise to the top in intra-industry competition via strategic positioning and innovation. As the aphorism goes, the better you are at business, the better you are at investing–this book will help you in both
The Warren Buffetts Next Door: The World’s Greatest Investors You’ve Never Heard Of and What You Can Learn From Them By Matthew Schifrin
Forbes Investing Editor Matt Schifrin writes about everyday people, from retired disc jockeys to truck drivers, who have outstanding investment records and, in some cases, made millions. Their life stories and investment strategies are explored.
Market Wizards: Interviews With Top Traders By Jack D. Schwager
In Market Wizards Jack Schwager sits down and talks with top traders who have seen great returns on the market floor. Their insights cover stocks, futures, currencies and even the psychology of trading.
The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation By A. Gary Shilling
A. Gary Shilling predicts deflation and slow growth in the coming years. Accordingly, he picks out industries that will thrive and sectors that will bust; his insight is necessary for anyone interested in asset allocation and exchange-traded funds.
Fooled By Randomness: The Hidden Role of Chance in Life and in the Markets By Nassim Taleb
Nassim Taleb, best known for his 2007 book The Black Swan, wrote Fooled By Randomness to underline the omnipresence of random events and the frequency with which we try to explain chance using logic.
The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors By Stephen Weiss
Sometimes it’s easiest to learn from the errors of others. Stephen Weiss tells the story of eleven mistakes that ended up costing a billion dollars or more–mistakes we’d all prefer not to replicate.
The Bottom Line
The best investors did not emerge overnight, but honed their skills through years of thought, research and practice. Reading these respected tomes will help you begin your journey into investing on the right foot.