Best Investing Books: 15 Timeless Books For Every Investor [PDF]

This 1949 book focused on Graham's strategy of loss minimization over profit maximization. This is the basic foundation of a Rule #1 education. ... Common Stocks and Uncommon Profits by Philip Fisher ... Buffett's lecture to Columbia University MBA students, if you google it you can find a pdf of it for free. This is a key work ...

22 downloads 33 Views 2MB Size

Recommend Stories


PDF Books Stock Investing For Dummies - PDF books
You have survived, EVERY SINGLE bad day so far. Anonymous

best books for day trading
Don’t grieve. Anything you lose comes round in another form. Rumi

Best PDF Small Great Things - PDF books
Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will

Best-selling Books
Don’t grieve. Anything you lose comes round in another form. Rumi

Download Stock Investing For Dummies Full Books
You often feel tired, not because you've done too much, but because you've done too little of what sparks

PDF Books Excel 2016 Bible - PDF books
Before you speak, let your words pass through three gates: Is it true? Is it necessary? Is it kind?

PDF Books Ready Player One - PDF books
Life isn't about getting and having, it's about giving and being. Kevin Kruse

[PDF] Commercial Real Estate Investing For Dummies Full Books
Don't fear change. The surprise is the only way to new discoveries. Be playful! Gordana Biernat

PDF Books Remember Me? - PDF books
How wonderful it is that nobody need wait a single moment before starting to improve the world. Anne

PDF Books Professional Cooking - PDF books
When you talk, you are only repeating what you already know. But if you listen, you may learn something

Idea Transcript


Start Here

About

Resources

Blog

Podcast

Toolbox

Learn Free From Phil 201

How to research wonderful businesses and find low risk, high return investments

Shares

113

84

84

15 of the Best Investing Books Every Investor Should Read Phil Town

Thursday, December 21 4:30PM PST, 7:30PM EST

16 Comments

When it comes to investing, Rule #1 investors take a similar approach to billionaire Warren Buffett’s views. It’s only fitting that some of my favorite investing books are

Register Free Today

also some of Buffett’s as well. Buffett can power through 500 pages a day and says that reading is the most important part of his job. As investors, we’re in the business of gathering as much knowledge as we can. Here’s a list of 15 of the best investing books out there, including some of Warren Buffett’s favorites as well.

I wrote 2-NYT Best-Sellers called Rule #1 and Payback Time. You can get the best parts of them here for free.

1. The Intelligent Investor by Ben Graham This 1949 book focused on Graham’s strategy of loss minimization over profit maximization. This is the basic foundation of a Rule #1 education. Buffett wrote a preface and appendix to the 2006 edition. Description: This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949. You can get it here.

2. Security Analysis by Ben Graham and David Dodd

About Phil Town Phil is a hedge fund manager and author of 2 New York

This is the foundation textbook of value

Times best-selling investment books, Rule #1 and

investing. Its a tough read but if you want

Payback Time. He was taught how to invest using Rule

to drill down on the numbers, this is your

#1 strategy when he was a Grand Canyon river guide in

huckleberry.

the 80's, after a tour group member shared his formula

Description:

for successful investing. Phil has a passion educating others, and has given thousands of people the

“A road map for investing that I have now

confidence to start investing and retire comfortably.

been following for 57 years.” –From the

Learn more about Phil

Foreword by Warren E. Buffett First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. Get it here.

Most Recent

3. Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Peter D. Kaufman

Most Popular

The 12 Days Of Christmas For Investors [Infographic]

This book is a hot mess but its packed full of Munger’s ideas on investing.

6 Types Of Investments: What Will Make You The Most Money?

Description: Poor Charlie’s Almanack contains the wit

13 Essential Investing Terms All Beginners Need To Know

and wisdom of Charlie Munger: his talks, lectures and public commentary. And, it has been written and compiled with both

15 Of The Best Investing Books Every Investor Should Read

Charlie Munger and Warren Buffett’s encouragement and cooperation. So pull up your favorite reading chair and enjoy

How To Retire By 40

the unique humor, wit and insight that Charlie Munger brings to the world of business, investing and life itself. Get it here.

4. Common Stocks and Uncommon Profits by Philip Fisher About evaluating a company’s management team. Fisher is one of the few guys Buffett points to as an influence on his investing strategy. Description: Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today’s financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first

Categories:

published in 1958. Get it here.

Financial Control

5. The Essays of Warren Buffett by Lawrence Cunningham

How To Invest

These are key letters from Buffett to his

Investing News And Tips

partnership and to Berkshire shareholders. This is seminal wit and wisdom.

Personal Development

Description:

Podcast

The year 2015 marks the fiftieth

Retirement Planning

anniversary of Berkshire Hathaway under Warren Buffett’s leadership, a milestone

Stock Market Basics

worth commemorating. The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings. Get it here.

6. Business Adventures by John Brooks This is the book that Buffett sent to Bill Gates when he asked Warren what his favorite book is. Twelve tales from the world of business that point to how critical management is. Description: What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible rise of Xerox, and the unbelievable scandals at General Electric and Texas Gulf Sulphur have in common? Each is an example of how an iconic company was defined by a particular moment of fame or notoriety; these notable and fascinating accounts are as relevant today to understanding the intricacies of corporate life as they were when the events happened. Get it here.

7. The Dhando Investor by Mohnish Pabrai One of the best Ruler type investors show how to start with nothing and become wealthy using principles of business. Description: A comprehensive value investing framework for the individual investor. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Get it here.

8. The Super-Investors of Graham-and-Doddsville by Warren Buffett Buffett’s lecture to Columbia University MBA students, if you google it you can find a pdf of it for free. This is a key work about the foolishness of Modern Portfolio Management’s claim that no one beats the market except by luck.

9. The Outsiders by William Thorndike Stunning portraits of how a great CEO allocates capital to maximize shareholder return. Description: What makes a successful CEO? Most people call to mind a familiar definition: “a seasoned manager with deep industry expertise.” Others might point to the qualities of today’s so-called celebrity CEOs—charisma, virtuoso communication skills, and a confident management style. But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term. In this refreshing, counterintuitive book, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms’ average returns outperformed the S&P 500 by a factor of twenty. Get it here.

10. Antifragile by Nassim Talib This is another ‘stream of consciousness’ opus from Talib that spells out how fragility is at the heart of investment failure and anti-fragile strategies are the key to long-term success. Description: Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. Get it here.

11. Simple But Not Easy: An Autobiographical Book about Investing by Richard Oldfield Simple But Not Easy has plenty of interest to the experienced professional, and is aimed also at the interested amateur investor. The theme of the book is that investment is simpler than nonprofessionals think it is in that the rudiments can be expressed in ordinary English, and picked up by anybody. Get it here.

12. Irrational Exuberance by Robert Shiller Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller’s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. Get it here.

13. The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, Enlightenment by Guy Spier Guy Spier is a good friend and great investor and also a past guest on our podcast. Description: This book traces the arc of a transformation. Author Guy Spier started his career as a Gordon Gekko wannabe — brash, short-sighted and entirely out for himself. Then, a series of transformations and self-realizations led him from an investment banking job with a third-rate firm to managing his own fund, which has generated tremendous returns for his investors. Get it here.

14. Conscious Capitalism by John Mackey One of the great CEOs talks about investing with integrity and leaving a positive impact on the world. Description: Read this book and you’ll better understand how four specific tenets— higher purpose, stakeholder integration, conscious leadership, and conscious culture and management—can help build strong businesses, move capitalism closer to its highest potential, and foster a more positive environment for all of us. Get it here.

15. Misbehaving: The Making of Behavioral Economics by Richard Thaler Misbehaving is an arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth and change the way we think about economics, ourselves, and our world. Get it here.

Bonus: “Rule #1” by Phil Town This book combines modern tools with Buffett-style investing and takes you step by step through the analysis process. A must-read for new investors. Description: Phil Town is now a very wealthy man, but he wasn’t always. In fact, he was living on a salary of $4000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true “rules” are and how to make them work in one’s favor. Chief among them, of course, is “rule #1”: “don’t lose money.” Other rules are: don’t diversify…think like an owner, not an investor … never, ever be seduced into thinking the market is efficient. Town also believes strongly in “betting on the jockey,” putting your faith in managers who’ve proven their financial mettle. Get it here.

Conclusion Did I miss any of your favorites? Leave them in the comments and I’ll add them to my reading list. If you’re not ready to buy Rule #1 just yet you can get some of the most valuable parts of both of my books for free by clicking the button below.

Book cover photos and descriptions from Amazon This post was updated for 2018 with 5 new investing books to add to your list

Phil Town Phil Town is an investment advisor, hedge fund manager, two-time NY Times best-selling author, ex-Grand Canyon river guide and a former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence. You can follow him on google+, facebook, and twitter.

Summary Article Name

Best Investing Books: 15 Timeless Books For Every Investor

Description

Take a look at this list of 15 of the best investing books ever written from the best classics to Warren Buffett's favorites.

Author Publisher Name

Phil Town Rule One Investing

Publisher Logo

Student Stuns Doctors With Crazy Method to Melt Fat Are you looking to burn belly fat, but diet and exercise is not enough? A student from Cornell University recently discovered the fastest way to lose weight by combining these two ingredients. Learn More Sponsored by Online Health & Fitness

Report ad

© Rule 1 Investing 2017. All rights reserved











WHAT ARE YOU LOOKING FOR? Search

Resources

Start Here

Podcast

Toolbox

Blog

Privacy Policy

Free Course Free Webinar Live Workshop 6 Principles Retirement Calculator 3 Investing Myths Books Testimonials

Smile Life

When life gives you a hundred reasons to cry, show life that you have a thousand reasons to smile

Get in touch

© Copyright 2015 - 2024 PDFFOX.COM - All rights reserved.