If you are trying to become a millionaire overnight, you’ve landed on the wrong site. I recommend THIS for your get rich quick ambitions.
If you landed here to learn how to invest over the long term (not day trading), you are in the right place. If you are just getting started on your investment journey and are wondering, “What are some books to read to better understand investing?” Or maybe you have some experience in investments but would like to deepen your knowledge base through reading. Well, you have come to the perfect place. Baba is an avid reader, especially when it comes to investments. These books should give you a better understanding of the world of investing and begin to shape your thinking around how and why we invest in certain companies, variables that affect the market and investing intelligently vs. speculative investing. Without further ado here is Baba’s Best Books:
A classic on long-term stock picking & primary due diligence. Peter Lynch does a great job of explaining the advantages of the average investor and how to utilize the market. Highly recommended for those just getting started in this space. I always recommend this book first. It tries to teach regular people how to pick winners that Wall St might not see at first.
Taleb explores the idea of “black swans” which are highly improbable events that all hold three common characteristics: unpredictability; carrying massive impact; then finding ways to explain these phenomena after the fact to make them seem less random than they actually are.
Next is a classic that dives into the practices of intelligent investors over the course of years versus speculative investors that make trades based on feeling rather than logic. This one can be a little more dense than the previous two, but the information and history included goes a long way in becoming the best investor you can be.
A great book that covers the concepts of investing without getting too technical. This book utilizes great real world examples of the most important concepts and investment strategies put to use. The book is on the pricier side but it is well worth the… well, investment.
This book is a little more technical than some of the other on the list, but definitely helps you think of investments from the distressed point of view (where you can sometimes find the most value)
If you read Warren Buffet’s story, your odds of becoming him will increase by 0.1%, so get to it. Definitely worth reading about his story and how he made those couple of bucks. Learning the “in’s and out’s” of investing is important, but learning about the people who have done it well provides another knowledge base that will benefit you in the long run.
I’m confident your investment-related questions have been answered in this series of essays by Mr. Buffet himself. No matter your experience within the investment space, you will walk away with valuable information after reading this book.
- Margin of Safety by Seth Klarman
One of my favorite books, Klarman beautifully summarizes the Intelligent Investor but is an extremely expensive book to buy, so it may be worth searching good ol’ Reddit for a PDF version. (You didn’t hear it from us though ;))
Better start reading! Want more book recommendations? Be sure to subscribe to Baba’s Newsletter and follow us on social media! Also, if you think we missed a book, let us know on the Ask Baba page.
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