10 Investment Books You Must Read

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By guest author Aysha Omar

The path towards financial independence and wealth is not an easy one. However most successful business people will tell you that your number one investment is not in a deal but it is in yourself.

Whether you are an aspiring investor or a seasoned one, a book can always guide you through the nuances of investing. Let’s check some of the books that can be beneficial for you if you are planning to invest.

1. Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Author: Hersh Shefrin

Published: 2002

This book explains how to understand the human behaviour that influences financial decisions. You can learn a lot about the psychology behind financial strategies, stock selection, and investment pitfalls. This book also explains how everyone, including managers, analysts, bankers, leaders, and planners think and take decisions.

2. The Four Pillars of Investing

Author: William Bernstein

Published: 2002

You can learn all about the theory of investing in this book. It focuses on how you can invest in the stock market and earn returns. It also helps you figure out the value of any product and whether it will be profitable on a long-term basis. You can also learn about real estate, foreign exchange, and index funds. This book gives a great insight on the psychology of the human behaviour when it comes to investments.

3. Nudge: Improving Decisions About Health, Wealth, and Happiness

Author: Richard H. Thaler and Cass R. Sunstein

Published: 2008

If you are looking for a book that contains extensive research on the behavioural economics and human thinking, this is the one. You can get more information on how to invest and save for retirement. This book is quite entertaining and amusing to read, but at the same time teaches you serious lessons on finance and economics.

4. The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Author: Howard Marks

Published: 2011

This book written by an investor renowned for his insightful assessment of the finance market, teaches about how to successfully invest and earn profits. You can also learn about the pitfalls in investing and how you can avoid them. This book delves deeply into investment strategies and risk assessment.

5. Contrarian Investment Strategies: The Psychological Edge

Author: David Dreman

Published: 2012

This book teaches the latest information on investment strategies. You can learn all about human behaviour when it comes to investments and financial decisions. This book explains where the investment market stands as opposed to the view of the financial industry. It provides effective investment strategies and teaches you to create opportunities to invest with long-term profits.

The timeless classics

Some books on investments are considered the foundation of investment techniques and strategies. Though written in the 19th century, these books are timeless and have inspired countless successful and influential investors of the 21st century. Below are some examples.

6. The Richest Man in Babylon

Author: George Samuel Clason

Published: 1926

You cannot find a book more simple than this to teach you about investing. You can learn all about finance in the form of parables. Each of these short stories explain at least one principle of financing. It teaches about saving money, controlling expenses, and investing in a safe way. This book is easy and simple to understand due to its story-telling style.

7. Beating the Street

Author: Peter Lynch

Published: 1993

This book, written by the manager of a successful Magellan Fund, provides insight into the stock market. It helps understand the various successful strategies involved in investments. You can learn a lot about how the stock market works, and how you can invest in mutual funds. This book also teaches you to focus on companies and their growth potential.

8. The Intelligent Investor: The Definitive Book on Value Investing

Author: Benjamin Graham

Published: 1949

This book is well-known in the financial world for teaching how to earn steady returns over a long period of time through investments. You will learn how to focus on the companies that you should invest in rather than the market. This book teaches you all about intelligent investing and how to protect yourself from any loss. Extensive in its approach and easy to understand, this book takes you through all the nitty-gritties of investing.

9. A Random Walk Down Wall Street: The Time Tested Strategy for Successful Investing

Author: Burton Gordon Malkiel

Published: 1943

Learn about the successful investing techniques, such as investing in the actual value of the stock, and investing in the current trend with this book. The book explains some examples of investing and financial craze throughout history. It expounds on the technical and fundamental analysis of investing in the stock market. The ideas presented in this book are quite effective to learn everything about investments.

10. One Up on Wall Street

Author: Peter Lynch

Published: 1989

This is another book by Peter Lynch which delves more into stocks and dividends. It teaches you how to identify companies that exhibit long-term growth rate, and how to identify whether the stock is worth your money or not. It also teaches how to keep an eye on all the current financial developments in order to invest successfully. This book is great if you want an in-depth knowledge about the stock market.

Author Bio: Aysha Omar works for BBazaar Malaysia, a website dedicated to helping consumers make better financial decisions. She is a regular contributor to the Business Insider.

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