Top 10 Most Important Investing Books of All Time

Investing

 

I’ve read 100+ books on investing; countless hours of reading and educating myself on key investing principles. But I came to realize that while there are hordes of books that will endeavor to teach you how to invest in stocks, only a handful of classics matter; the books that will transform you. The list I’m sharing with you is what I believe to be the only books you need to read to establish a foundation for “Do-it-yourself” (DIY) investing. And even if you consider yourself an advanced investor; it never hurts to revisit the sound investing principles found in these tomes.

These are the Top 10 Most Important Investing Books:

1. The Intelligent Investor, Benjamin Graham

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It was through The Intelligent Investor that I was introduced to value investing, and the important concepts of Margin of Safety, Mr. Market, and Intrinsic Value. Warren Buffett called it “the best book on investing ever written”.

2. Common Stocks and Uncommon Profits, Philip Fisher

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Philip Fisher opened up my world to growth stocks. It was after I read Common Stocks and Uncommon Profits that I started paying more for stakes in higher quality, and faster growing businesses.

3. One Up On Wall Street, Peter Lynch

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 There are so many easy-to-implement lessons shared in One Up On Wall Street. But what really stuck with me was Peter Lynch’s focus on ‘buying what you know’. That has saved me from many disasters in the market.

4. Market Wizards, Jack D. Schwager

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Jack D. Schwager introduced me to some of America’s top traders in Market Wizards. But instead of telling us their favourite stock picks (what they buy) he explained their investment frameworks (why/how they buy).

5. Buffettology, Mary Buffett and David Clark

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There are many books that endeavor to explain how Warren Buffett invests in stocks but most come up short. Buffettology is the book that gets it right.

6. The Money Masters, John Train

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A classic that is fun to read. The Money Masters shares winning strategies from some of the world’s best investors who ever lived. It’s a book that I’ll read every couple of years to brush up on investing essentials.

7. The Essays of Warren Buffett, Lawrence A. Cunningham

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Lawrence A. Cunningham saves us the time of sifting through Warren Buffett’s priceless teachings from his annual reports in this comprehensive compilation; The Essays of Warren Buffett.

8. A Random Walk Down Wall Street, Burton G. Malkiel

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 If you’re a DIY Investor you likely believe that the market is not efficient. But Burton Malkiel argues otherwise in A Random Walk Down Wall Street. Even if you don’t agree with the Efficient Market Theory it’s important to understand both sides.

9. Poor Charlie’s Almanack, Peter D Kaufman

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Warren Buffett’s partner, Charlie Munger, influenced him to invest in companies with strong competitive advantages, albeit at higher prices. Although somewhat scattered and non-linear, Poor Charlies Almanack is chock full of good advice on investing, and life in general.

10. The Snowball, Alice Shroeder

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Alice Shroeder chronicles the most important capitalist of our time in ‘The Snowball’. It goes without saying that Warren Buffett is the reason many people, including myself, are inspired to invest in stocks. He’s a role model. What’s also great about the book are the never-before-seen photos that add to Buffett’s story.

 


 

MarketMasters

Robin Speziale is the national bestselling author of Market Masters, which is available at Chapters, Indigo, and Coles as well as Costco and Amazon.ca. He lives in Toronto, Ontario. Learn more about Market Masters.

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