The business world is progressing at an unprecedented rate. New business theories are created and modified to keep up with the development of Business. In our current age of Information and technology, the sector that’s making the most of it is business. As time passes, business becoming more sophisticated. It cannot be measured with simple terms such as profit and loss.
There are many variables at play that needs to be considered. All the progress and development may sound amazing but it can become a headache for new investors who are planning to invest.
As they don’t understand the “technical stuff” they will simply rely on the judgment of others, rumors or become tempted with a business’s current achievements without analyzing its future prospects. A major portion of investors who are new makes wrong decisions. Therefore it is important to learn about investing before doing it.
Here are the best investment books that can help a beginner:
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The Intelligent Investor: The Definitive Book on Value Investing
- By Benjamin Graham
This book is written by Benjamin who was known as “Godfather of Value Investing”. This title was given to him because he was the most influential investing figure of the 20th century. This book is also considered as one of his best works. Many scholars suggest this book as the Value investor’s bible.
The Essays of Warren Buffett: Lessons for Corporate America
- By Lawrence Cunningham (Editor)
Warren Buffet is an esteemed individual who is famous all over the world as a business magnate. He is also a world-renowned investor. He has been writing essays on business and investment for a half-century and has inspired and guided countless people to success. The Editor of this book has collected warren’s essay’s and turned them into a single book.
Value Investing: From Graham to Buffett and Beyond
- By Bruce Greenwald, Judd Kahn, Michael van Biema, and Paul D Sonkin
This book was written by Bruce Greenwald, Jude Kahn, Paul Sonkin, and Michael van Obama.
This book has many forms of information that can help investors. First of all, there is an overview of value investing that is much more comprehensive than usual investment books. As it covers the basic methods of value investing in a reader-friendly manner and them shows their effectiveness by analyzing the profiles of value investors who had great accomplishments.Such as Warren Buffet, Mario Gabelli and many others.
Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Run Investment Strategies
- By Jeremy Siegel
This is a great book all investors beginners and professionals alike. It has been written clearly and properly organized. It contains facts that can aid anyone to get a general idea of investing. The author of this book has been updating this book as the market changes. It can greatly help an investor to analyze the market and make a decision as it seems fit.
The newer edition of this book contains more information as it discusses many significant factors and variable that are affecting the current financial market and how to use these variables to the investor’s advantage. Jeremy encourages his readers to invest in the long term in the stock market. He has also given justification for his suggestions.
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
- By john.C.Bogle
This book is full of insights and applicable advice. It shows how to use investment strategies into one’s portfolio. For investment to be successful it requires discipline and patience. By reading this book you can realize how to properly invest in the market. and receive answers to these questions :
- Why dividend yields and earnings growth have greater importance than market expectation in business.
- How to control the influence of investment cost, taxes, and inflation
- How compounding returns are submerged under the absolutism of compounding costs
- What do the professional investors like Warren Buffet and Benjamin Graham think about index investing?
This book also provides a caution against investment fads along with other additional information.
Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the World’s Most Famous Investor
- By Mary Buffet & David Clark
This book is written by former daughter-in-law (Mary Buffet) of warren buffet. It contains a basic idea of Warren buffets Investment approach. Other than that there is information regarding Fifty-four companies that followed buffet’s investment approach and what changes occurred in those companies. By reading this book a beginner investor can :
- Learn how buffet approach investing and apply it to their business
- Make use of the surefire method of investing in stock by the buffet that will gradually increase money over time.
- Comprehend the mathematical equipment that helps buffet during investment decision.
- Analyze the type of companies that buffet showed interest in, see if that information can be utilized for their own investment decision.
One Up On Wall Street: How to Use What You Already Know to Make Money in the Market –
- By Peter Lynch
This book is a classic that sold over one million copies. The author is known as America’s most successful money manager. In this book, he explains how a normal investor can get ahead of the professional investors by utilizing what they already know. Lynch says investment opportunities are all around us. By simply focusing on the products and services we can determine which company is optimal for investment. Lynch has provided his readers with simples steps that can be used to figure out companies which has the potential for investment and which one doesn’t by simply analyzing a company’s financial statements.
Competitive Strategy: Techniques for Analyzing Industries and Competitors
- By Michael Porter
This is a revolutionary book that transformed the aspects of the business. It has been translated into nineteen different languages and pretty close to its sixtieth printing. This book was written in a user-friendly manner which explained the complexity of industrial competition in five undisclosed elements. The competitive tool created by porter is considered to be the most powerful till date.
Over a million managers in large and small business, students, consultants, scholars and investors all around the world have utilized porters approached and benefited from it.
The Ascent of Money: A Financial History of the World
- By Niall Ferguson
The author follows the trail of money from the present to the past to explain the origin of our current financial system. From its birth in ancient Mesopotamia to our latest system, there is an explanation of how it all happened. According to the author history of finance is an important backstory to all history. He considers the evolution of Debit and credit card is just as much as revolutionary as technical innovation in the dawn of civilization.
Thinking, Fast and Slow
- By Daniel Kahneman
The author of this best-selling book is the Nobel prize winner (2002) for economics. According to Daniel, there is two system that steers the way we think.
- Fast, intuitive and emotional
- Slower, more deliberate and more logical
Daniel tells us when we can or cannot rely on our intuition and how can we profit from slow thinking. In his book, he provides pragmatic insights on how we make decisions in our business and personal lives.
Common Stocks and Uncommon Profits
- By Philip Fisher
The author of this book concentrated on investing in excellent, well-operated companies with high growth potential. He used the term “Scuttlebutt” which means to personally communicate with companies employees, customers, suppliers, and competitors to gather as much information as possible. He gave fifteen tips to detect excellent companies with high growth rate potential.
How to Read a Financial Report-
- By John A. Tracy & Tage C. Tracy
Investing can be the same as treasure hunting. And a company’s annual report and financial statement can be considered as treasure hunting maps and tools. Therefore it’s important to comprehend the financial statements and what the numbers mean.
This book provides a clear and specific explanation of different types of financial statements. And illustrates the relationship between the numbers and ratios in financial statements. This book can be a great help for those who don’t even have the basic financial or accounting knowledge.
A Random Walk Down Wall Street
- By Burton Malkiel
This book has sold more than 1.5 million copies so far and the number is rising. The author provided some definitions of investment terms that might be useful in the future. He focuses on long-term investment plans rather than short-term plans, describes price prediction and how to avoid common mistakes. Although released in 2000, this book has been revised and updated to explain the current affairs of the Financial Market.
The books mentioned above can help a beginner to get a feel of the current business world and how investing works. All that’s left now is use this knowledge in real life. Just because someone read this book doesn’t necessarily mean they will be successful. Have no doubt, the information in these books are legit but how much an investor can utilize this information to their advantage is entirely up to them. These books will become the foundation for success to the new investors.
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“Vision, strategy, and inspiration – these three words describe me the best. I am the founder of “TheLeaderboy” dedicated to leadership and personal development. As a self-taught practitioner, I have been studying the principles of effective leadership for the past decade and my passion lies in sharing my insights with others. My mission is to empower individuals to become better leader