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INVESTING & TRADING BOOKS
You can learn many of the most powerful ideas from these books quickly here:
Trading and Investing Strategies
Page 1 lists fifteen books which influenced Deepak the most.
See also Fifteen Books
Page 2 lists another fifteen books which are among the most recommended and popular titles on the subject.
Page 3 onward are several other informative books on markets, loosely ordered by subject and author.
Note: When you buy a book by clicking the links provided, we receive fees from Amazon which go towards site maintenance costs. Your buying price remains unaffected.
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The Intelligent Investor
By Benjamin Graham
Markets, Investing, Value Investing
The Intelligent Investor by Benjamin Graham is a widely acclaimed book on value investing. Value investing is an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd. It includes a preface and appendices by his former student Warren Buffett. Buffett describes Graham as the second most influential person in his life after his own father.
Wikipedia : The Intelligent Investor
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Common Stocks And Uncommon Profits
By Philip Arthur Fisher
Investing
One of the cult books of investing.
In the 2018 Berkshire Hathaway annual shareholders meeting, Warren Buffett called Fisher's Common stocks and uncommon profits a "very very good book". He further described how using Fisher's scuttlebutt technique continues to be a good way to investing, which is still used by Ted and Todd at Berkshire Hathaway. John Train described Warren Buffett as 85% influenced by Benjamin Graham and 15% by Philip Fisher.
Wikipedia : Philip Arthur Fisher
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The Black Swan: The Impact of the Highly Improbable
By Nassim Nicholas Taleb
Markets, Story, Trading
The Black Swan: The Impact of the Highly Improbable is a 2007 book by author and former options trader Nassim Nicholas Taleb. The book focuses on the extreme impact of rare and unpredictable outlier events—and the human tendency to find simplistic explanations for these events, retrospectively. Taleb calls this the Black Swan theory.
The book covers subjects relating to knowledge, aesthetics, as well as ways of life, and uses elements of fiction and anecdotes from the author's life to elaborate his theories. It spent 36 weeks on the New York Times best-seller list. The book is part of Taleb's five volume series, titled the Incerto[2] including Fooled by Randomness (2001), The Black Swan (2007–2010), The Bed of Procrustes (2010–2016), Antifragile (2012), and Skin in the Game (2018).
Wikipedia : The Black Swan: The Impact of the Highly Improbable
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Reminiscences of a Stock Operator
By Edwin Lefèvre
Story, Markets, Trading, Psychology
Reminiscences of a Stock Operator is a 1923 roman à clef by American author Edwin Lefèvre. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point. (Wikipedia)
This is a cult book considered to be a must-read for all traders. Jesse Livermore's Methods of Trading in Stocks is also included in the edition featured here.
Wikipedia : Reminiscences of a Stock Operator
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Rich Dad Poor Dad
By Robert T. Kiyosaki
Investing
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence to improve one's business and financial aptitude.
Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years. (Wikipedia)
Wikipedia : Rich Dad Poor Dad
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Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger
By Peter D. Kaufman
Story, Investing, Psychology
Poor Charlie's Almanack is a collection of speeches and talks by Charlie Munger, compiled by Peter D. Kaufman. First published in 2005 and released in an expanded edition three years later. Charlie Munger is the long-serving vice-chairman of Berkshire Hathaway. This book brings together his investing thoughts beyond his famous statement "I have nothing to add."
Munger is an admirer of Benjamin Franklin, and the book's title is a tribute to Franklin's Poor Richard's Almanack. (Wikipedia)
Wikipedia : Poor Charlie's Almanack
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Stocks for the Long Run
By Jeremy Siegel
Markets, Investing
Stocks for the Long Run is a book on investing by Jeremy Siegel. Its first edition was released in 1994. Its fifth edition was released on January 7, 2014. According to Pablo Galarza of Money, "His 1994 book Stocks for the Long Run sealed the conventional wisdom that most of us should be in the stock market." James K. Glassman, financial columnist for The Washington Post called it one of the 10 best investment books of all time.
Siegel is a professor of finance at the Wharton School of the University of Pennsylvania and a contributor to financial publications like The Wall Street Journal, Barron's, The New York Times, and the Financial Times. (Wikipedia)
Wikipedia : Stocks for the Long Run
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The Little Book of Common Sense Investing
By John C. Bogle
Investing
Another hugely popular book, and the sixth book by John C. Bogle, the founder and former CEO of the Vanguard Group. He focuses on index funds, which will give the investor the average market return, and on keeping investing costs low, so that the index fund investor will consistently do better than other investors, after costs. Trying to beat the market "is a loser's game," according to Bogle and "the more the managers and brokers take, the less investors make. (Wikipedia)
Wikipedia : The Little Book of Common Sense Investing
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Beating the Street
By Peter Lynch and John Rothchild
Story, Investing
This is the second of Peter Lynch's trilogy of books on investing, with the other two - One Up on Wall Street and Learn to Earn appearing elsewhere in this list of books. Beating the Street is also centred around Lynch's philosophy of investing - Invest in what you know, and outlines a series of steps for making an investment decisions. The book is autobiographical, and the author's own thinking process while managing Fidelity’s Magellan funds is spelt out clearly.
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Irrational Exuberance
By Robert J. Shiller
Markets, Investing
Irrational Exuberance is a March 2000 book written by American economist Robert Shiller, a Yale University professor and 2013 Nobel Prize winner. The book examines economic bubbles in the 1990s and early 2000s, and is named after Federal Reserve Chairman Alan Greenspan's famed irrational exuberance quote warning of such a possible bubble in 1996
Published at the height of the dot-com boom, the text put forth several arguments demonstrating how the stock markets were overvalued at the time. The stock market collapse of 2000 happened the exact month of the book's publication.
Wikipedia : Irrational Exuberance
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The Big Short: Inside the Doomsday Machine
By Michael Lewis
Story, Markets, Trading
The Big Short: Inside the Doomsday Machine is a non-fiction book by Michael Lewis about the build-up of the US housing bubble during the 2000s. The book was released on March 15, 2010, by W. W. Norton & Company. It spent 28 weeks on The New York Times best-seller list, and was the basis for the 2015 film of the same name.
The Big Short describes several of the main players in the creation of the credit default swap market that sought to bet against the collateralized debt obligation (CDO) bubble and thus ended up profiting from the financial crisis of 2007–08. The book also highlights the eccentric nature of the type of person who bets against the market or goes against the grain. (Wikipedia)
Wikipedia : The Big Short
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Margin of Safety
By Seth A. Klarman
Investing, Value Investing
Over time Seth Klarman's Margin of Safety has achieved "cultlike" status amongst the value investing community and has been revered as a "bible" of sorts. This has caused physical copies of the book to be worth up to $500-$2,500 a piece.
Seth Andrew Klarman is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982. (From Wikipedia)
Wikipedia : Margin of Safety
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Security Analysis (Foreword by Warren Buffett)
By Benjamin Graham and David Le Fevre Dodd
Investing, Value Investing
Security Analysis is a book written by professors Benjamin Graham and David Dodd of Columbia Business School, which laid the intellectual foundation for what would later be called value investing. The first edition was published in 1934, shortly after the Wall Street crash and start of the Great Depression. Among other terms, Graham and Dodd coined the term margin of safety in Security Analysis. (Wikipedia)
Warren Buffet moulded his investment philosophy around the concept of value investing pioneered by Benjamin Graham, and this book is still considered to be the bible of investing.
Wikipedia : Security Analysis
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Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets
By Michael W. Covel
Markets, Trading
Michael Covel is a bestselling author, entrepreneur, and film director. Covel’s first book was Trend Following: Learn to Make Millions in Up or Down Markets featuring traders David Harding, John W. Henry, Ed Seykota, Richard Donchian, Jesse Livermore and Larry Hite, among others. The book analyzes years of detailed performance data to demonstrate that trend following works. The book was an immediate international bestseller, with over 100,000 copies sold to date. It was first published by Financial Times Press on April 23, 2004. (Wikipedia)
Wikipedia : Trend Following: Learn to Make Millions in Up or Down Markets
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Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves
By Andrew Ross Sorkin
Markets, Story
Too Big to Fail is a non-fiction book by Andrew Ross Sorkin chronicling the events of the 2008 financial crisis and the collapse of Lehman Brothers from the point of view of Wall Street CEOs and US government regulators. It won the 2010 Gerald Loeb Award for Best Business Book, and was shortlisted for the 2010 Samuel Johnson Prize and the 2010 Financial Times and Goldman Sachs Business Book of the Year Award. The book was adapted in 2011 for the HBO television movie Too Big to Fail.
Wikipedia : Too Big to Fail
