Investing goes beyond the latest projections and trends. Investing is a mindset that is best cultivated through reading. Head to your local library, scour the pages of Amazon, or take a look at your virtual bookshelf – these books are investment classics that any eager investor should read!
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I. The Intelligent Investor: The Classic Text on Value Investing by Benjamin Graham. Benjamin Graham was Warren Buffet’s mentor (enough said, right?). Graham was also an influential economist, investor, and professor at the prestigious Columbia Business School. Graham penned ‘The Intelligent Investor’ back in 1949, but the information contained in this book is still valuable today. Graham’s book is straightforward, easy to read, and contains the basics of Value Investing.
II.Market Wizards: Interviews with Top Traders by Jack D. Schwager. This book consists of a collection of interviews with some of the top traders in the United States. Traders interviewed include Dana Galante, Claudio Guazzoni, Michael Lauer, and others. Each investor has a different view, unique outlooks, and invaluable advice. Sometimes conflicting information is the best way to understand the whole and larger picture!
III. The Essays of Warren Buffett, by Warren Buffet and Lawrence Cunningham. Buffet’s “essays” are really the letters that he wrote to shareholders of Berkshire Hathaway. Not sure of the importance of shareholder letters? Buffet includes far more than standard company details in his essays. You’ll find investment tips and other pieces of wisdom included in this book.
IV. One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch. The famed mutual funds manager, Peter Lynch, gets down to the details in this classic book. Readers will learn all about Leverage and why the concept will place investors at an advantage. Lynch’s book is an interesting read and helps to form unique investment perspectives.
V. The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein. This book covers all the basics from how to build a portfolio to understanding different asset classes. Bernstein takes readers through the most important aspects of investing as he sees them. This is one of those books that will stick with you for the rest of your years.