5 Great Investing Books That You Should Read
04/30/08 Categories: Personal Finance
| Stock Investing and
Investments
The key to investing is to always
learn. Learn about the markets, learn investing methods, learn how
to assess companies and their financial statements. You have to
learn the game before you play it. That's how the world works. I
have read more than I think my cranium can fit, but somehow it
does. Every investor should read different books, articles, etc. on
investing. The idea is not to find one book and follow it
religiously; you have to get many different aspects of investing,
decide what you like, test it, and then fine tune it to your own
style of investing.
I will give you a list of recommended reading for beginning and intermediate investors, but that doesn't mean you can't become an expert on the styles presented in the books. They simply explain their particular style in an easier way to start out, and then they go into depth about it.
1. Rule #1- by Phil Town
In this New York Times bestseller, Phil Town describes a different twist to traditional buy and hold. He mixes aspects of value investing with some technical aspects that are important to recognize. His book really opened up doors for me.
2. Real Money- by James Cramer
I know some of you are going to say, "You want me to read a book by that nut Jim Cramer who screams on TV!" The answer is Yes. It is not because everything he says is right or he is the absolute best, but he has some really valuable knowledge on fundamental investing. Mr. Cramer is a former Goldman Sachs employee, hedge fund manager, and much more. I guess 14 years of managing a 24% average return after fees, $450 million hedge fund gives him some authority on investing.
3. Invest Like a Shark- by James "RevShark" DePorre
The shark brings a whole different aspect of investing than Jim Cramer, but he also acknowledges DePorre's book by writing the foreword in it. For those of you that like to analyze charts and technicals a little more, this is the book for you.
4. The Intelligent Investor- by Benjamin Graham
Benjamin Graham is one of the most renowned investing authors in history. He taught Warren Buffett how to invest, and he is quoted by saying, " [It is] by far the best book on investing ever written." This is THE book on investing, and if you want proof this method works, take a look at Warren Buffett's net worth (by the way he is the Richest Man In The World!). I will warn you that this book is much thicker than any other book I recommended and the concepts are quite a bit more advanced.
I will continue to tell you about books that can help you make lots of money in investing in equities markets as well as real estate. For now, you have plenty of reading to get done. Also, take notes on the methods explained in the book, so you can come back and refer to it when it comes to testing out the strategies. These books are a great way to learn investing, and they're great material for investing ideas.
I will give you a list of recommended reading for beginning and intermediate investors, but that doesn't mean you can't become an expert on the styles presented in the books. They simply explain their particular style in an easier way to start out, and then they go into depth about it.
1. Rule #1- by Phil Town
In this New York Times bestseller, Phil Town describes a different twist to traditional buy and hold. He mixes aspects of value investing with some technical aspects that are important to recognize. His book really opened up doors for me.
2. Real Money- by James Cramer
I know some of you are going to say, "You want me to read a book by that nut Jim Cramer who screams on TV!" The answer is Yes. It is not because everything he says is right or he is the absolute best, but he has some really valuable knowledge on fundamental investing. Mr. Cramer is a former Goldman Sachs employee, hedge fund manager, and much more. I guess 14 years of managing a 24% average return after fees, $450 million hedge fund gives him some authority on investing.
3. Invest Like a Shark- by James "RevShark" DePorre
The shark brings a whole different aspect of investing than Jim Cramer, but he also acknowledges DePorre's book by writing the foreword in it. For those of you that like to analyze charts and technicals a little more, this is the book for you.
4. The Intelligent Investor- by Benjamin Graham
Benjamin Graham is one of the most renowned investing authors in history. He taught Warren Buffett how to invest, and he is quoted by saying, " [It is] by far the best book on investing ever written." This is THE book on investing, and if you want proof this method works, take a look at Warren Buffett's net worth (by the way he is the Richest Man In The World!). I will warn you that this book is much thicker than any other book I recommended and the concepts are quite a bit more advanced.
I will continue to tell you about books that can help you make lots of money in investing in equities markets as well as real estate. For now, you have plenty of reading to get done. Also, take notes on the methods explained in the book, so you can come back and refer to it when it comes to testing out the strategies. These books are a great way to learn investing, and they're great material for investing ideas.
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