1. “The Intelligent Investor” by Benjamin Graham
This classic book is considered the bible of value investing. Benjamin Graham, known as the father of value investing, provides timeless principles for long-term investment strategies and risk management.
2. “A Random Walk Down Wall Street” by Burton G. Malkiel
Malkiel’s book introduces the concept of efficient markets and argues that stock prices reflect all available information. It’s a must-read for understanding the theory behind passive investing.
3. “The Little Book of Common Sense Investing” by Jack Bogle
Jack Bogle, the founder of Vanguard Group, advocates for low-cost index fund investing. This book is a guide to understanding and implementing Bogle’s investment philosophy.
4. “Market Wizards” by Jack D. Schwager
In this book, Schwager interviews top traders to uncover their strategies, mindset, and secrets to success. It’s an insightful read for anyone looking to understand what makes successful traders tick.
5. “One Up On Wall Street” by Peter Lynch
Peter Lynch, the legendary manager of the Magellan Fund, shares his approach to picking stocks and spotting investment opportunities that the market often overlooks.
6. “Reminiscences of a Stock Operator” by Edwin Lefèvre
This semi-autobiographical novel is based on the life of Jesse Livermore, one of the greatest traders of all time. It offers timeless lessons on trading psychology and market behavior.
7. “Common Stocks and Uncommon Profits” by Philip Fisher
Philip Fisher’s book focuses on qualitative analysis and provides insights into evaluating a company’s management and long-term prospects.
8. “The Essays of Warren Buffett” by Warren Buffett and Lawrence Cunningham
This collection of letters from Warren Buffett to Berkshire Hathaway shareholders provides valuable insights into his investment philosophy and business principles.
9. “Think and Grow Rich” by Napoleon Hill
Though not exclusively about investing, Hill’s book delves into the mindset and principles necessary for achieving financial success and building wealth.
10. “The Little Book That Still Beats the Market” by Joel Greenblatt
Greenblatt introduces his Magic Formula for selecting stocks, which combines high earnings yield and high return on capital to find undervalued companies.
11. “Trade Your Way to Financial Freedom” by Van K. Tharp
Tharp’s book covers various trading strategies and emphasizes the importance of developing a personalized trading system and psychological preparedness.
12. “Rich Dad Poor Dad” by Robert Kiyosaki
Kiyosaki’s book contrasts the financial philosophies of his two “dads” and teaches the basics of financial literacy, including investing and building passive income streams.
13. “When Genius Failed” by Roger Lowenstein
This book tells the story of the rise and fall of Long-Term Capital Management, providing lessons on risk management and the dangers of leverage in trading.
14. “Investment Biker” by Jim Rogers
Jim Rogers recounts his around-the-world motorcycle trip, sharing insights into global markets and the economic conditions of various countries.
15. “Pit Bull: Lessons from Wall Street’s Champion Day Trader” by Martin Schwartz
Schwartz, a successful day trader, shares his experiences, strategies, and psychological insights, offering valuable lessons for aspiring traders.