Reading is one of the best things you can possibly do for yourself to make your future more promising.
There’s a reason why reading is so popular still despite having unlimited access to more visceral experiences, like movies or even virtual reality.
If reading wasn’t so GOOD for you, book stores and book publishers would have been out of business decades ago.
Dr. Seuss may not have been known for being an investor, but he knew a thing or two about life and being successful.
So if you’re ready to get reading and you want to find some good investing books, here’s the ones we think you should check out ASAP:
Often hailed as one of the best investing books of all time, this old classic is timeless and won’t disappoint you.
This is definitely a must-have book if you’re thinking about becoming a value investor, like Benjamin Graham, Warren Buffet, and Charlie Munger.
The Intelligent Investor is the in-depth beginners guide to smart investing. Written in 1949, Benjamin Graham penned the book as an intensive, yet readable bible for serious investors.
His strategies and teachings focus on long-term gain rather than short-term risky investments. He coaches the investor to build a realistic blueprint for buying stocks and bonds.
He encourages both seasoned and beginner investors to eliminate emotion from the investment plan and focus on tried and tested methods to build a long-standing, robust investment portfolio.
Since the Intelligent Investor was written, new insights have been added to the book, creating a more relevant and up to date instruction manual for investing in stocks and bonds. The premise of the book is that clear, concise investment practices produce valuable results.
In the book The Intelligent Investor by Benjamin Graham he focuses on six key principles.
1. Business Knowledge
Graham emphasizes the importance of knowing the business you are investing in. He encourages investors to undertake adequate and thorough research prior to investing in a business.
2. Know the Business Owners
Graham also highlights the significance of researching the business owners and understanding the business structure.
3. Long Term Investments
There is much emphasis placed on long-term investments, as opposed to short term invests such as rapid profit transactions.
4. Focus on Value Rather than Popularity
Make sound investments based on the value of the company as opposed to the popularity of the company.
5. Be Cautious
Graham encourages investors to take some risks, but he also encourages investors to think first and be cautious.
6. Be Confident
Graham believes that knowledge really is power, the more you learn about investing the more confident you will become when making investment decisions. Boost your confidence by learning more.
Thinking, Fast and Slow - by Daniel Kahneman
This is a very interesting book which will make you question your own judgement, which is a good thing.
Kahneman’s insight into how our brains work is invaluable and, although it’s a pretty thick book at ~500 pages, it’s definitely worth the time to read.
He may be an economist, but don’t let that fool you. Many of the lessons taught in this book apply to how you approach everything, not just the stock market.
Daniel Kahneman has been studying economics for decades and his perspective is always fascinating.
Why you should read Thinking, Fast and Slow:
1. It can help you learn how to notice your own biases
2. It allows readers to borrow Kahneman’s analytical perspective
3. It’s interesting reading stories from the lives of smart people
Thinking, Fast and Slow is an amazingly thoughtful book, and you can’t go wrong with any of Kahneman’s books, really.
This book is one of the best selling personal finance books of all time, and for good reason.
It breaks personal finance down for the average person and explains how to view assets and liabilities, that way you can get ahead financially.
It’s a really easy to digest book, and definitely well worth the low price tag. This book could really help a lot if you’re not very experienced with money because it breaks down a lot of the basic principles into easy to understand concepts that you can actually apply to your life.
Rich Dad Poor Dad was authored by Robert Kiyosaki, and in it, he writes about his two fathers; his biological dad who is poor and the father of his best friend who is rich. He discusses how both men shaped his perceptions about money and investments. His real dad indirectly taught him through the things that he said and did, that he was never going to be rich because wealth was only for a certain type of person.
The book is focused around five main principles:
- Rich people make money work for them, the middle-class and the poor spend their time working to make money.
- The amount of money you make is irrelevant, you will only build wealth if you can save it.
- The middle-class and poor don’t understand asset management and will acquire liabilities instead of assets. Rich people on the other hand, focus on building assets.
- Financial intelligence is your ability to save your money, invest it and make it work for you.
- Our mind is the most powerful asset we own.
Why you should read Rich Dad
The majority of people are raised in a family where they were taught to go through the education system, get a career, work for someone else for 40 years, and retire at 65.
Most of us live in a dream like state, wishing that we could have the things that we desire, but never really going too far out of our way to get thee things. The assumption is that wealth is only for an elite group of people and everyone else has to sit on the sidelines and watch them enjoy the rewards of life.
This is simply not the case, we can all succeed in life if we know how. There are principles to success, and no matter who you are, if you follow them, you will achieve the same results.
There are countless rags to riches stories providing evidence that success is available to everyone who wants it. We do not realize that our upbringing determines our future, and if it was a bad one, it is important that we unlearn the negative thinking patterns that we have been indoctrinated by.
Is Rich Dad still relevant?
No matter what age, nationality, or background you are from, everyone wants to succeed. I would refer to this book as evergreen content because it will always have relevance. Whether you pick this book up today or ten years from now, the success principles that it talks about are still valid.
I would highly recommend this book to anyone who is sick of the rat race and tired of just getting by. If you want to ensure that your children, and your children’s children’s futures are secure, you need to have a financial plan in place that is going to ensure that this becomes a reality in your life. Rich Dad Poor Dad will show you how to do this.
If you want to achieve your dreams and live the life that you know you deserve, the book Rich Dad Poor Dad will tell you exactly what you need to do to turn your dreams into a reality.
What do YOU think the best 3 investing books of all time are?
These are just MY opinion of what the best 3 books are for investors.
What do YOU think about it?
Does Thinking, Fast and Slow belong up there with the more traditional investing books even though it’s more of a psychology book?
Do you think value investing is dead and The Intelligent Investor is outdated?
Let us know!
Thank you so much have a wonderful day and good luck investing!