My 10 Favorite Investment Books
Hi friends!
This is a very short article, so you have the time to go out and read! I wanted to share what I found the best investment books I have read.
I have ordered them according to my preference. Of course, over time, this will change. I have read extensively but not nearly everything.
My 10 Favorite Investment Books
Let's look at the books one by one.
* 100 Baggers by Chris Mayer and 100 to 1 In The Stock Market by Thomas Phelps (#4)
These are linked, as 100 Baggers continues where Thomas Phelps stopped. Both books look at stocks that went 100x and more and are really great for developing an excellent investor mindset. Phelps' book is from 1972, but still very relevant today.
* Common Stocks And Uncommon Profits by Phil Fisher
Warren Buffett has said he's 85% Benjamin Graham and 15% Phil Fisher. I think that was the case when he started but under the influence of Charlie Munger, it became more 50-50 or even more Fisher. This book is from 1958 but still very fresh today!
* One Up On Wall Street by Peter Lynch Lynch
The book emphasizes that individual investors can outperform Wall Street professionals in several ways. They have everyday knowledge to identify promising companies before they become popular and they don't have to report to impatient investors every quarter.
* Nothing But Net by Mark Mahaney
This is a great book from a seasoned tech analyst, with almost three decades of experience. It's about investing in tech stocks and what you have to pay attention to if you analyze them. With lots of recent examples.
* More Than You Know by Michael Mauboussin
The subtitle says a lot about why this is such a great book with a wide scope: "Finding Financial Wisdom in Unconventional Places." Michael Mauboussin shows that we can find information everywhere, not just in financial books and reports. The book underlines the importance of continuous learning.
* Only The Best Will Do by Peter Seilern
Again, the subtitle gives a way a lot: "The compelling case for investing in quality growth stocks." This book was important for my service Best Anchor Stocks, together with Leandro. Seilern shows convincingly how to spot quality.
* Richer, Wiser, Happier by William Green
William Green is a great writer and this book reads like a train. The subtitle is "How the World's Greatest Investors Win in Markets and Life." Through interviews and profiles, Green shows the strategies, philosophies, and life lessons of some of the world's most successful investors.
* The Outsiders by William Thorndike
I doubted a bit to include this one, as it is not so much about investing but more about business success. But it's too great not to include it. Just like Green, Thorndike is a very good writer and he shows you how outsiders like Warren Buffett, Tom Murphy and Catherine Graham succeeded by doing things different than their peers.
* Where Are The Customers' Yachts? by Fred Schwed Jr.
Also not a real investment book, but the only investment book that made me laugh out loud. It shows you the financial industry in its underwear.
I hope you enjoyed this and I wish you a lot of reading pleasure!
Kris