Wednesday, 28 May 2014
Top Investment Books For All Investors
Hundreds of new investment books are published annually. Some of these books claim to have cracked the code for get-rich-quick investing. Other books claim to be packed with principles that have been around for ages, that are "tried and true." Some books are all about playing the market right now, and others are all about playing the market for the long term. Some of these books have been written by immensely successful investors, and quite frankly, others have been written by investors whose advice you would never take if you could see their portfolio. With so many options out there each year, it begs the question: Which books are the right books? The answer is actually rather simple: forget about all these books; instead, go back to the ones that have been around, the ones that have stood the test of time. While there are surely books from the last few years that could help you, it is absolutely vital that you lay a foundation with books that the passing of time has proven to be invaluable. Whether you are a new investor or have been building your portfolio for ages, these three books are full of wisdom and advice that can help you moving forward. 1) The Intelligent Investor: This book, written by Ben Graham, was originally published in 1934, and even today it is still considered a must-read. In fact, Warren Buffett has called this book "the best investing book ever written." 2) The Essays Of Warren Buffett: Speaking of Warren Buffett, this is a collection of his essays, arranged by topic and relevance. While you cannot go wrong with any Buffett book, this one is a great place to begin, as it will help you in every area of investing. 3) Common Stocks And Uncommon Profits & Other Writings: In this book, Philip Fisher examines the fifteen qualities of an excellent business. These in-depth thoughts from one of the greatest financial thinkers in history is sure to help you expand your portfolio. While many people think of the stock market as something scary - akin to gambling - you can follow the tips of the men who knew how to make money in the stock market, and by so doing, you can begin to do the same yourself.
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