📚 10 Investment books you should read
🧵 Since I started investing, I have read more than 500 investing books. In this thread you can find 10 books that will change your investment career forever.
1. The Joys of Compounding (Gautam Baid)
So much wisdom on every single page. Gautam teaches you about the passionate pursuit of lifelong learning. Compounding takes places in every aspect of your life: positive thoughts, good health, good habits, wealth, and so on.
2. The Snowball (Alice Schroeder)
If you think you can become like Warren Buffett, think again. Learn about the remarkable life of Warren via this great book.
3. Why does the stock market go up (Brian Feroldi)
Are you new to investing and do you want to understand the basic dynamics of the stock market? In that case, Brian’s book is a must read for you.
4. Expectations investing (Michael Mauboussin)
Rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company’s stock price. Mauboussin provides you with a great framework to make better investment decisions.
5. Richer, Wiser, Happier (William Green)
Over the years, William has interviewed the greatest investors in the world. Via this book, you learn how the world’s greatest investors act and think.
6. The little book that beats the market (Joel Greenblatt)
This is one of the classics in finance literature. In this book Greenblatt explains how investors can outperform the market by simply and systematically applying a formula that seeks out good business at bargain prices.
7. The Psychology of Money (Morgan Housel)
People make a lot of irrational decisions which cost them a lot of money. This book teaches you how to think about money and make better sense of life’s most important topics.
8. One Up On Wall Street (Peter Lynch)
Legendary investor Peter Lynch managed the Magellan Fund between 1977 and 1990 to retire at age 46. During this period, Lynch realized an annual return of 29.2% (!). In this book Peter teaches you about his investment philosophy.
9. The Little Book of Sideways Markets (Vitaly Katsenelson)
Vitaly is one of the best value investors I know. Avoid common investment mistakes and learn why volatility and sideways markets are a stock pickers best friend.
10. The Education of a Value Investor (Guy Spier)
Guy Spier has spent almost $700k to lunch with Warren Buffett. Guy Spier invests in undervalued quality companies. In this truly great book, Guy details his career from Harvard MBA to managing his own Aquamarine Fund.
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About the author
Compounding Quality is a professional investor which manages a worldwide equity fund with more than $125 million in Assets Under Management. We have read over 500 investment books and spend more than 50 hours per week researching stocks.
Oh, no ... more book recommendations. I have three stacks, about 12 inches high each, of books in my backlog. Posts like this just make the stacks bigger and bigger! 😄
Like many retail investors, "One Up On Wall Street" by Peter Lynch was one of the first books I read. I have been tempted to go back and read it again but with my current perspective and mindset versus "I have no idea what I'm doing and this guy from Fidelity kind of looks like Andy Warhol." Maybe that could be New Year's Challenge for the CQ community. Go back to the first book you ever read and read it again! 📚
William Green's book, "Richer Wiser Happier", is a book that ought to be studied and not simply read. Mr. Green has a fantastic reference/resource guide at the end of his book. Going through all that material is probably a 6 month quest at a minimum. That, plus studying the book, will take someone probably a solid year to really get through.
Having too many books to read is a good thing. There's always something you can grab to keep you out of trouble. 😉
Excellent list!