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10 books every investor should read

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10 Books Every Investor Should 10 Books Every Investor Should Read Read When it comes to learning about investment, the internet is one When it comes to learning about investment, the internet is one of the fastest, most uptodate ways to make your way through of the fastest, most uptodate ways to make your way through the jungle of information out there. But if you're looking for a the jungle of information out there. But if you're looking for a historical perspective on investing or a more detailed analysis of historical perspective on investing or a more detailed analysis of a certain topic, there are several classic books on investing that a certain topic, there are several classic books on investing that make for great reading. Here we give you a brief overview of our make for great reading. Here we give you a brief overview of our favorite investing books of all time and set you on the path to favorite investing books of all time and set you on the path to investing enlightenment. (To find more recommended books, investing enlightenment. (To find more recommended books, see see Investing Books It Pays To Read Investing Books It Pays To Read.) .) "The Intelligent Investor" (1949) by Benjamin Graham The Intelligent Investor" (1949) by Benjamin Graham Benjamin Graham is undisputedly the father of Benjamin Graham is undisputedly the father of value investing value investing. His ideas about security analysis laid the foundation for a His ideas about security analysis laid the foundation for a generation of investors, including his most famous generation of investors, including his most famous student, student,Warren Buffett Warren Buffett. Published in 1949, "The Intelligent . Published in 1949, "The Intelligent Investor" is much more readable than Graham's 1934 work Investor" is much more readable than Graham's 1934 work entitled "Security Analysis", which is probably the most quoted, entitled "Security Analysis", which is probably the most quoted, but least read, investing book. "The Intelligent Investor" won't tell but least read, investing book. "The Intelligent Investor" won't tell you how to pick stocks, but it does teach sound, timetested you how to pick stocks, but it does teach sound, timetested principles that every investor can use. Plus, it's worth a read principles that every investor can use. Plus, it's worth a read based solely on Warren Buffett's testimonial: "By far the best based solely on Warren Buffett's testimonial: "By far the best book on investing ever written." book on investing ever written." "Common Stocks And Uncommon Profits" (1958) by Philip "Common Stocks And Uncommon Profits" (1958) by Philip Fisher Fisher Another pioneer in the world of financial analysis, Philip Fisher Another pioneer in the world of financial analysis, Philip Fisher has had a major influence on modern investment theory. The has had a major influence on modern investment theory. The basic idea of analyzing a stock based on growth potential is basic idea of analyzing a stock based on growth potential is largely attributed to Fisher. "Common Stocks And Uncommon largely attributed to Fisher. "Common Stocks And Uncommon Profits" teaches investors to analyze the quality of a business Profits" teaches investors to analyze the quality of a business By By Investopedia Staff Investopedia Staff

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  • 3/28/2015 10BooksEveryInvestorShouldRead

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    10BooksEveryInvestorShould10BooksEveryInvestorShouldReadRead

    Whenitcomestolearningaboutinvestment,theinternetisoneWhenitcomestolearningaboutinvestment,theinternetisoneofthefastest,mostuptodatewaystomakeyourwaythroughofthefastest,mostuptodatewaystomakeyourwaythroughthejungleofinformationoutthere.Butifyou'relookingforathejungleofinformationoutthere.Butifyou'relookingforahistoricalperspectiveoninvestingoramoredetailedanalysisofhistoricalperspectiveoninvestingoramoredetailedanalysisofacertaintopic,thereareseveralclassicbooksoninvestingthatacertaintopic,thereareseveralclassicbooksoninvestingthatmakeforgreatreading.Herewegiveyouabriefoverviewofourmakeforgreatreading.Herewegiveyouabriefoverviewofourfavoriteinvestingbooksofalltimeandsetyouonthepathtofavoriteinvestingbooksofalltimeandsetyouonthepathtoinvestingenlightenment.(Tofindmorerecommendedbooks,investingenlightenment.(Tofindmorerecommendedbooks,seeseeInvestingBooksItPaysToReadInvestingBooksItPaysToRead.).)

    ""TheIntelligentInvestor"(1949)byBenjaminGrahamTheIntelligentInvestor"(1949)byBenjaminGrahamBenjaminGrahamisundisputedlythefatherofBenjaminGrahamisundisputedlythefatherofvalueinvestingvalueinvesting..HisideasaboutsecurityanalysislaidthefoundationforaHisideasaboutsecurityanalysislaidthefoundationforagenerationofinvestors,includinghismostfamousgenerationofinvestors,includinghismostfamousstudent,student,WarrenBuffettWarrenBuffett.Publishedin1949,"TheIntelligent.Publishedin1949,"TheIntelligentInvestor"ismuchmorereadablethanGraham's1934workInvestor"ismuchmorereadablethanGraham's1934workentitled"SecurityAnalysis",whichisprobablythemostquoted,entitled"SecurityAnalysis",whichisprobablythemostquoted,butleastread,investingbook."TheIntelligentInvestor"won'ttellbutleastread,investingbook."TheIntelligentInvestor"won'ttellyouhowtopickstocks,butitdoesteachsound,timetestedyouhowtopickstocks,butitdoesteachsound,timetestedprinciplesthateveryinvestorcanuse.Plus,it'sworthareadprinciplesthateveryinvestorcanuse.Plus,it'sworthareadbasedsolelyonWarrenBuffett'stestimonial:"ByfarthebestbasedsolelyonWarrenBuffett'stestimonial:"Byfarthebestbookoninvestingeverwritten."bookoninvestingeverwritten."

    "CommonStocksAndUncommonProfits"(1958)byPhilip"CommonStocksAndUncommonProfits"(1958)byPhilipFisherFisherAnotherpioneerintheworldoffinancialanalysis,PhilipFisherAnotherpioneerintheworldoffinancialanalysis,PhilipFisherhashadamajorinfluenceonmoderninvestmenttheory.Thehashadamajorinfluenceonmoderninvestmenttheory.ThebasicideaofanalyzingastockbasedongrowthpotentialisbasicideaofanalyzingastockbasedongrowthpotentialislargelyattributedtoFisher."CommonStocksAndUncommonlargelyattributedtoFisher."CommonStocksAndUncommonProfits"teachesinvestorstoanalyzethequalityofabusinessProfits"teachesinvestorstoanalyzethequalityofabusiness

    ByByInvestopediaStaffInvestopediaStaff

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    anditsabilitytoproduceprofits.Firstpublishedinthe1950s,anditsabilitytoproduceprofits.Firstpublishedinthe1950s,Fisher'slessonsarejustasapplicablehalfacenturylater.Fisher'slessonsarejustasapplicablehalfacenturylater.

    "StocksForTheLongRun"(1994)byJeremySiegel"StocksForTheLongRun"(1994)byJeremySiegelAprofessorattheWhartonSchoolofBusiness,JeremySiegelAprofessorattheWhartonSchoolofBusiness,JeremySiegelmakesthecaseforyouguesseditinvestinginstocksoverthemakesthecaseforyouguesseditinvestinginstocksoverthelongrun.Hedrawsonextensiveresearchoverthepasttwolongrun.Hedrawsonextensiveresearchoverthepasttwocenturiestoarguenotonlythatcenturiestoarguenotonlythatequitiesequitiessurpassallothersurpassallotherfinancialassetswhenitcomestoreturns,butalsothatstockfinancialassetswhenitcomestoreturns,butalsothatstockreturnsaresaferandmorepredictableinthefaceoftheeffectsreturnsaresaferandmorepredictableinthefaceoftheeffectsofofinflationinflation.(Tolearnmore,checkout.(Tolearnmore,checkoutTenTipsForTheTenTipsForTheSuccessfulLongTermInvestorSuccessfulLongTermInvestor.).)

    "LearnToEarn"(1995),"OneUpOnWallStreet"(1989)or"LearnToEarn"(1995),"OneUpOnWallStreet"(1989)or"BeatingTheStreet"(1994)"BeatingTheStreet"(1994)byPeterLynchbyPeterLynchPeterLynchcameintoprominenceinthe1980sasthemanagerPeterLynchcameintoprominenceinthe1980sasthemanagerofthespectacularlyperformingFidelityMagellanFund."LearnofthespectacularlyperformingFidelityMagellanFund."LearnToEarn"isaimedatayoungeraudienceandexplainsmanyToEarn"isaimedatayoungeraudienceandexplainsmanybusinessbasics,"OneUpOnWallStreet"makesthecaseforbusinessbasics,"OneUpOnWallStreet"makesthecaseforthebenefitsofselfdirectedinvesting,and"BeatingTheStreet"thebenefitsofselfdirectedinvesting,and"BeatingTheStreet"focusesonhowPeterLynchwentaboutchoosingwinningstocksfocusesonhowPeterLynchwentaboutchoosingwinningstocks(orhowhemissedthem)whilerunningthefamedMagellan(orhowhemissedthem)whilerunningthefamedMagellanFund.AllthreeofLynch'sbooksfollowhiscommonsenseFund.AllthreeofLynch'sbooksfollowhiscommonsenseapproach,whichinsiststhatindividualinvestors,iftheytaketheapproach,whichinsiststhatindividualinvestors,iftheytakethetimetodotheirhomework,canperformjustaswelloreventimetodotheirhomework,canperformjustaswellorevenbetterthantheexperts.betterthantheexperts.

    ""

    ARandomWalkDownWallStreetARandomWalkDownWallStreet"(1973)byBurtonG.Malkiel"(1973)byBurtonG.Malkiel

    ThisbookpopularizedtheideasthatthestockmarketThisbookpopularizedtheideasthatthestockmarketisisefficientefficientandthatitspricesfollowaandthatitspricesfollowarandomwalkrandomwalk.Essentially,.Essentially,thismeansthatyoucan'tbeatthemarket.That'srightthismeansthatyoucan'tbeatthemarket.That'srightaccordingtoMalkiel,noamountofresearch,accordingtoMalkiel,noamountofresearch,whetherwhetherfundamentalfundamentalorortechnicaltechnical,willhelpyouintheleast.Like,willhelpyouintheleast.Likeanygoodacademic,Malkielbacksuphisargumentwithpilesofanygoodacademic,Malkielbacksuphisargumentwithpilesof

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    researchandresearchandstatistics.Itwouldbestatistics.Itwouldbeanunderstatementtoanunderstatementtosaythattheseideassaythattheseideasarecontroversial,arecontroversial,andmanyconsiderandmanyconsiderthemjustshortofthemjustshortofblasphemy.Butblasphemy.ButwhetheryouagreewhetheryouagreewithMalkiel'sideaswithMalkiel'sideasornot,itisnotabadornot,itisnotabad

    ideatotakealookathowhearrivesathistheories.(Forfurtherideatotakealookathowhearrivesathistheories.(Forfurtherreading,seereading,seeWhatIsMarketEfficiency?WhatIsMarketEfficiency?))

    "TheEssaysOfWarrenBuffett:LessonsForCorporate"TheEssaysOfWarrenBuffett:LessonsForCorporateAmerica"(2001)byWarrenBuffettandLawrenceAmerica"(2001)byWarrenBuffettandLawrenceCunninghamCunninghamAlthoughBuffettseldomcommentsonhiscurrentholdings,heAlthoughBuffettseldomcommentsonhiscurrentholdings,helovestodiscusstheprinciplesbehindhisinvestments.Thisbooklovestodiscusstheprinciplesbehindhisinvestments.ThisbookisactuallyacollectionoflettersthatBuffettwrotetoshareholdersisactuallyacollectionoflettersthatBuffettwrotetoshareholdersoverthepastfewdecades.It'soverthepastfewdecades.It'sthethedefinitiveworksummarizingdefinitiveworksummarizingthetechniquesoftheworld'sgreatestinvestor.Anothergreatthetechniquesoftheworld'sgreatestinvestor.AnothergreatBuffettbookis"TheWarrenBuffettWay"byRobertHagstrom.Buffettbookis"TheWarrenBuffettWay"byRobertHagstrom.(Forfurtherreading,see(Forfurtherreading,seeWarrenBuffett:HowHeDoesWarrenBuffett:HowHeDoesItItandandWhatIsWarrenBuffett'sInvestingStyle?WhatIsWarrenBuffett'sInvestingStyle?))

    "HowToMakeMoneyInStocks"(2003,3rded.)byWilliamJ."HowToMakeMoneyInStocks"(2003,3rded.)byWilliamJ.O'NeilO'NeilBillO'NeilisthefounderofBillO'NeilisthefounderofInvestor'sBusinessDailyInvestor'sBusinessDaily,anational,anationalbusinessoffinancialdailynewspapers,andthecreatorofbusinessoffinancialdailynewspapers,andthecreatorofthetheCANSLIMCANSLIMsystemsystem.Ifyouareinterestedinstockpicking,thisis.Ifyouareinterestedinstockpicking,thisisagreatplacetostart.Manyotherbooksarebigongeneralitiesagreatplacetostart.Manyotherbooksarebigongeneralitieswithlittlesubstance,but"HowToMakeMoneyInStocks"withlittlesubstance,but"HowToMakeMoneyInStocks"doesn'tmakethesamemistake.Readingthisbookwillprovidedoesn'tmakethesamemistake.Readingthisbookwillprovideyouwithatangiblesystemthatyoucanimplementrightawayinyouwithatangiblesystemthatyoucanimplementrightawayinyourresearch.(FormoreaboutCANSLIM,seeyourresearch.(FormoreaboutCANSLIM,seeTrader'sCorner:Trader'sCorner:FindingTheMagicMixOfFundamentalsAndTechnicalsFindingTheMagicMixOfFundamentalsAndTechnicals.).)

    "RichDadPoorDad"(1997)byRobertT.Kiyosaki"RichDadPoorDad"(1997)byRobertT.Kiyosaki

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    ThisbookisallaboutthelessonstherichteachtheirkidsaboutThisbookisallaboutthelessonstherichteachtheirkidsaboutmoney,which,accordingtotheauthor,poorandmiddleclassmoney,which,accordingtotheauthor,poorandmiddleclassparentsneglect.RobertKiyosaki'smessageissimple,butitparentsneglect.RobertKiyosaki'smessageissimple,butitholdsanimportantfinanciallessonthatmaymotivateyoutostartholdsanimportantfinanciallessonthatmaymotivateyoutostartinvesting:thepoormakemoneybyworkingforit,whiletherichinvesting:thepoormakemoneybyworkingforit,whiletherichmakemoneybyhavingtheirassetsworkforthem.Wecan'tthinkmakemoneybyhavingtheirassetsworkforthem.Wecan'tthinkofabetterfinancialbooktobuyforyourkids.ofabetterfinancialbooktobuyforyourkids.

    "CommonSenseOnMutualFunds"(1999)byJohnBogle"CommonSenseOnMutualFunds"(1999)byJohnBogleJohnBogle,founderoftheVanguardGroup,isadrivingforceJohnBogle,founderoftheVanguardGroup,isadrivingforcebehindthecaseforbehindthecaseforindexfundsindexfundsandagainstandagainstactivelyactivelymanagedmanagedmutualfunds.Inthisbook,hebeginswithaprimeronmutualfunds.Inthisbook,hebeginswithaprimeroninvestmentstrategybeforeblastingthemutualfundindustryforinvestmentstrategybeforeblastingthemutualfundindustryfortheexorbitantfeesitchargesinvestors.Ifyouownmutualfunds,theexorbitantfeesitchargesinvestors.Ifyouownmutualfunds,youshouldreadthisbook.(Tolearnmore,seeyoushouldreadthisbook.(Tolearnmore,seeTheTruthBehindTheTruthBehindMutualFundReturnsMutualFundReturns.).)

    "IrrationalExuberance"(2000)byRobertJ.Shiller"IrrationalExuberance"(2000)byRobertJ.ShillerNamedafterNamedafterAlanGreenspan'sAlanGreenspan'sinfamous1996commentontheinfamous1996commentontheabsurdityofstockmarketvaluations,Shiller'sbook,releasedinabsurdityofstockmarketvaluations,Shiller'sbook,releasedinMar2000,givesachillingwarningofthedotcombubble'sMar2000,givesachillingwarningofthedotcombubble'simpendingburst.TheYaleeconomistdispelsthemyththattheimpendingburst.TheYaleeconomistdispelsthemyththatthemarketismarketisrationalrationalandinsteadexplainsitintermsofemotion,andinsteadexplainsitintermsofemotion,herdbehaviorandspeculation.Inanironictwist,"Irrationalherdbehaviorandspeculation.Inanironictwist,"IrrationalExuberance"wasreleasedalmostexactlyatthepeakoftheExuberance"wasreleasedalmostexactlyatthepeakofthemarket.(Tolearnmoreonthistopic,seemarket.(Tolearnmoreonthistopic,seeUnderstandingInvestorUnderstandingInvestorBehaviorBehavior.).)

    Themoreyouknow,themoreyou'llbeabletoincorporatetheThemoreyouknow,themoreyou'llbeabletoincorporatetheadviceofsomeoftheseexpertsintoyourowninvestmentadviceofsomeoftheseexpertsintoyourowninvestmentstrategy.Thisreadinglistwillgetyoustarted,butitisonlyastrategy.Thisreadinglistwillgetyoustarted,butitisonlyafractionofallthegreatresourcesavailable.Doyouhaveafractionofallthegreatresourcesavailable.Doyouhaveafavoriteinvestingbookthatwe'vemissed?Ifso,favoriteinvestingbookthatwe'vemissed?Ifso,letusknowletusknow..

    Foranoverviewofsomeoftheworld'sgreatestinvestors,checkForanoverviewofsomeoftheworld'sgreatestinvestors,checkoutoutTheGreatestInvestorsTheGreatestInvestors..

    FollowWarrenBuffetsRoadtoRichesFollowWarrenBuffetsRoadtoRiches

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    WantWantAGlimpseIntoWarrenBuffetsPortfolio?AGlimpseIntoWarrenBuffetsPortfolio?FindoutifBuffetFindoutifBuffetownsthesamestockasyouwithInvestopediasFREECoattailownsthesamestockasyouwithInvestopediasFREECoattailInvestorYourguidetotheOracleofOmahastradingInvestorYourguidetotheOracleofOmahastradingstrategies.strategies.ClickhereClickheretostartlearningthesecretsofthisindustrytostartlearningthesecretsofthisindustryleadinginvestor.leadinginvestor.

    TAGS:TAGS:

    BeginningInvestorBeginningInvestor BenjaminGrahamBenjaminGraham FinanceLiteratureFinanceLiteratureJohnBogleJohnBogle MoneyManagementMoneyManagement PeterLynchPeterLynch ValueInvestingValueInvestingWarrenBuffettWarrenBuffett WilliamJ.O'NeilWilliamJ.O'Neil

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