9 Best Investment Books for Beginners - TheStreet

The richest, most successful people are voracious readers. Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time," writes Ramit Sethi in his New York Times bestseller, " I Will Teach You To Be Rich.

To help you get started, we compiled some of the greatest books out there on investing by sorting through legendary investor Warren Buffett's favorites , and adding a few of our own top picks.

It was one of the luckiest moments of his life, he said , because it gave him the intellectual framework for investing. Buffett is not the only fan: Billionaire investor Bill Ackman, among countless other Wall Street power players, cite this in-depth introduction to value investing as life-changing. Even if the industry you work in is far removed from finance, Graham's advice will help you make the most of your money in the long term.

Endorsed by Buffett in his Berkshire Hathaway shareholder letter , "The Little Book of Common Sense Investing" tells you how to use index funds to build wealth. Bogle, founder of the Vanguard Group and creator of the world's first index fund, explains why these relatively straightforward vehicles can be so effective — and warns against investment fads and fashions. Fans say it's far from boring, and the stats and charts are balanced with anecdotes and advice.

In "The Investment Answer," Goldie and Murray provide a general guide to investing by focusing on five decisions every investor has to make.

These include whether to invest alone or with a professional; how to allocate among stocks, bonds, and cash; and when to sell or buy assets. Murray, a Wall Street veteran, and Goldie, a financial adviser, keep their guide brief and jargon-free for any investor — experienced, beginner, and everyone in between.

Another book from Buffett's mentor Benjamin Graham, "Security Analysis" has given Buffett "a road map for investing that I have now been following for 57 years," he said.

Burton Malkiel's classic guide to investing has been established as the go-to book to buy when starting a portfolio. In "A Random Walk Down Wall Street," the Princeton professor takes on a number of investing strategies, axioms, truisms, and superstitions, explaining why low-cost index funds will serve the individual investor better than any other strategy for choosing stocks. What better way to learn to invest than getting inside the head of the greatest investor of all time? This collection of over pages of Buffett's letters and notes gives a clearer picture of the billionaire's philosophies on business, investing, and life — and while it's full of gems, it centers around one core concept: Highly regarded by bond guru Jeff Gundlach , who named "Reminiscences of a Stock Operator" his favorite investment book of all time , this classic is the fictionalized biography of the legendary trader Jessie Livermore, who won and lost tens of millions of dollars playing the stock market game during the s.

Another Buffett-endorsed book — which he regards as life-changing — Fisher's "Common Stocks and Uncommon Profits" emphasizes that fixating on financial statements isn't enough — you also need to evaluate a company's management. He outlines 15 things to look for in. Although first published in , Fisher's insights are still just as useful, and his philosophies just as relevant, today. In Bogle's "The Clash of the Cultures" the creator of the world's first index fund argues that long-term investing has been crowded out by short-term speculation.

His book is not all argument, however. Malkiel and Ellis keep it short and easy to read, while still covering all the basics you need to get started as an investor. The two great financial thinkers show that investing is one of the only things in life where hard work leads to worse results.

This collection of advice from Charlie Munger, Buffett's partner and vice chairman of Berkshire Hathaway, includes biographical information, as well as summaries of his philosophy on investing and talks from Berkshire Hathaway meetings. In "The Most Important Thing," Marks — chairman and cofounder of Oak Tree Capital — aims to help investors achieve success by putting more thought into their decisions, drawing heavily on his own mistakes and what he learned from them.

In addition to highlighting the keys to successful investing, he also spells out the pitfalls that can destroy capital and careers. Why big data can make HR more important. You are using an outdated version of Internet Explorer. For security reasons you should upgrade your browser.

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No guarantees, of course — but if you want to get rich, it can't hurt to get reading. Goldie and Gordon S. The Time-Tested Strategy for Successful Investing,' by Burton Malkiel. Easy Lessons for Every Investor,' by Burton Malkiel and Charles Ellis. Features Books Investing Wealth. Recommended For You Powered by Sailthru.

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