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One of the most common questions I keep getting is what books should be read to get started or get better at investing. I have tried to give a few suggestions based on categories. The books in the first category are to be read to help build the mindset for investing. The other categories are based on interest in Fundamental, Technical or Quantitative analysis. Finally, I wrap up with categories of psychology, biography and market history.
1. Building the Base
1. Rich Dad, Poor Dad – Robert Kiyosaki
2. One Up On Wall Street – Peter Lynch
3. The Most Important Thing Illuminated – Howard Marks
4. Margin of Safety – Seth Klarman (only pdf available; google for pdf; book out of print)
5. The Warren Buffett Way - Robert Hagstrom
6. Fooled by Randomness – Nassim Taleb
7. Psychology of Money - Morgan Housel
2. Fundamental Analysis
1. Beating the Street – Peter Lynch
2. The Five Rules for Successful Stock Investing - Pat Dorsey
3. Capital Returns – Edward Chancellor
4. Contrarian Investment Strategies: The Next Generation - David Dreman
5. How To Lie With Statistics – Darrell Huff
7. The Art of Execution – Lee Freeman-Shor
8. The Manual of Ideas – John Mihaljevic
9. The Investment Checklist - Micheal Shearn
10. Common Stocks & Uncommon Profits – Philip Fisher
3. Valuation
1. Aswath Damodaran’s course on valuation on YouTube
2. Financial Statement Analysis and Reporting from IIT Roorkee - https://www.youtube.com/channel/UCw4SlTWA7bpiUK-b6FssPlg
3. Financial Statement Analysis and Security Valuation - Stephen Penman
4. Investment Valuation - Aswath Damodaran.
4. Technical & Quantitative Analysis
1. What Works on Wall Street – James O'Shaughnessy
2. Quantitative Value – Wesley Gray, Tobias Carlisle
3. Quantitative Momentum – Wesley Gray, Jack Vogel
4. Dual Momentum Investing – Gary Antonacci
5. The New Trading for a Living - Alexander Elder
6. How to Make Money in Stocks – William O’Neill
7. Technical Analysis of The Financial Markets – John Murphy
8. Come Into My Trading Room - Alexander Elder
9. Mechanical Trading Systems – Richard Weissman
10. Trade Like A Stock Market Wizard – Mark Minervini
11. Think & Trade Like a Champion - Mark Minervini
5. Investing Psychology
1. Poor Charlie’s Almanac – Peter Kaufman
2. Against the Gods: The Remarkable Story of Risk – Peter Bernstein
3. Influence - Robert Cialdini
4. Drunkard’s Walk – Leonard Mlodinow
5. Little Book of Behavioral Investing - James Montier
6. Psychology of Intelligence Analysis – Richards Heuer
7. Think Twice: Harnessing the Power of Counterintuition – Michael Mauboussin
8. More Than You Know – Michael Mauboussin
9. The Disciplined Trader - Mark Douglas
6. Other Reading
1. Seeking Wisdom - Peter Bevelin
2. Tap Dancing to Work – Carol Loomis
3. The Market Wizards (all the books in the series)- Jack Schwager
4. Reminiscences Of A Stock Operator – Edwin Lefevre
5. The Ascent of Money - Niall Ferguson
6. Zurich Axioms - Max Gunther
7. The Snowball – Alice Shroeder
8. When Genius Failed – Roger Lowenstein
10. The Personal MBA – Josh Kaufman
DISCLAIMER:
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
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