Every successful person spends a vast amount of time studying investments and the share market. This is because understanding the intricacies of this market can help you supplement your income and create a safe cushion for you for your future. Every person needs to have some basic knowledge about investments.
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Of course, the internet can provide us with a wealth of information. You will find several reputable websites providing you with great information about the current investment jungle, and how to be smart about your investments. But sometimes, going through the internet is not enough.
If you consider yourself a reader and you want to gain more knowledge about investments and how to make higher profits, then there are a few essential books you should read.
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Here are some of the best investing books you should look out for:
The Intelligent Investor- Benjamin Graham
Most people know of Warren Buffet and his genius. When it comes to taking tips from one of the most respectable, eminent personalities, Warren Buffet is someone we all look up to.
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Well, Warren Buffet was once the student of Benjamin Graham! Several call Benjamin Graham, the ‘godfather of investing,’ so you will be in good hands with his most famous book- The Intelligent Investor. In Mr Buffet’s own words, The Intelligent Investor is “By far the best book on investing ever written.”
For all those enthusiastic individuals who want to learn more about investments, and of course, going over the principles which stand the test of time, then this is one of the best books you can begin your journey with.
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A lot of people believe that it is this book that brings into the world the idea of security analysis. Millions of investors around the globe consider this book to be one of their best, which is why it is worth looking into if you wish to learn more about investments.
The Little Book of Common Sense Investing- John C. Bogle
The author of The Little Book of Common Sense Investing is someone who we know well enough, for creating the world’s first-ever index fund. We can safely assume that Mr Bogle knows a little something about investing.
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A founder of the Vanguard Group, John C. Bogle’s book takes an unusual approach into the world of investments. Most investors might consider his plan to be a lose-lose scenario.
However, this is far from the truth. In reality, The Little Book of Common Sense Investing tells the readers all of this in detail, along with his own experience in turning the odds in his favour finally. There is a lot that we can learn from this author and his own first-hand experiences.
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For those Warren Buffet fans, there have been rumours that John. C Bogle and Buffet share a close friendship, so they learn a few things from each other over the years. Warren Buffet gives his endorsement to this book, saying that ‘investors large and small’ should give this book a read if they want to expand their field of knowledge.
Although The Little Book of Common Sense Investing is not the only book this author writes in his lifetime, it is one of the more natural, shorter reads. It highlights several new techniques that the author uses himself to gain success in the market of investments, and is an excellent book of knowledge for those with an interest to learn more about investing.
A Random Walk Down Wall Street- Burton G. Malkiel
If you are new to the world of investing and are just dipping your toes, wary of what this world is like, then A Random Walk Down Wall Street is a great book you can begin with.
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When people think of investments and the stock market, many have daunting images of vast, bulging portfolios and intimidating looking figures. However, this does not necessarily have to be the reality.
A Random Walk Down Wall Street is a great book, to begin with if you are someone who is just looking to have a better handle of their 401(k)s.
The very first and most important thing this book teaches you is how to understand the terminology of the investment world. Even if you don’t know how to use them yet, it helps to have at least a grip on what other people are talking about.
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Burton G. Malkiel’s book deals with these very definitions, and how to apply this knowledge to different kinds of investment strategies, according to where you are in your life. An important and valuable lesson that is imparted in his book is how you should not fall into the ‘get rich fast’ schemes, and instead, should look into long-term investments.
He also teaches the readers how to have an essential hold on predicting prices and also how you can avoid some of the most common and silly mistakes while investing.
Stocks for the Long Run- Jeremy Siegel
Jeremy Siegel, a professor of Wharton School of Business, writes one of the best books on investing that you can lay your hands on. In his book, as the name suggests, Siegel talks extensively about long haul investments- why you should do them, and how you should do them to get the best results.
Jeremy Siegel bases his conclusions on over two centuries of research. He talks to the readers about his belief that when it comes to performance, equities will do much more than surpassing all other financial assets. He believes that stock returns are far more predictable and safe, especially during inflationary climates.
If you are already researching on investing, then you might have already come across this concept before. Several of the best investors around the world argue that it is essential for individuals to pay more attention to long haul investments over the short, quick bursts of profits they may make on other kinds of investments.
The stock market is changing every day, every minute, and every second. To navigate your way through this unpredictable market, these great books on investing can feel like a lifeboat on a sinking ship. These are some of the best investing books you can look into, no matter where you are in your life or your investment journey.