Do you want to know the secret to investors success that continue to beat the market? Warren Buffet’s success as an investor has made him the third richest man in the world with a net worth of $82.5 billion at the end of 2018. The secret Warren Buffet shares in his documentary, ‘Becoming Warren Buffet’, is that he is a voracious reader, pointing out that he spends more than 5 hours a day reading. The same holds true of his protege Charlie Munger and his teacher Benjamin Graham.
We identified the below books as some of the most referenced for investing intelligently with a value approach by money managers with proven long term track records. We follow that list up with the top books aimed to help finding investment opportunities through equity funding portals.
Top Value Investing Books
Authors with Long Term Success
The Intelligent Investor is a centerpiece for value investors. There is a reason Benjamin Graham is known as the ‘Godfather of Value Investing’ and even Warren Buffet has based his investing strategy based on his principles.
Seth Klarman published the book in 1991. Margin of Safety's retail price on Amazon was $2500 and is now out-of-print. It is a value investing book so coveted on Wall Street that used copies still sell for thousands of dollars. Seth Klarman is the founder of Baupost Group, a Boston-based hedge fund whose long-term track record is among the best in the industry.
3 Principles by Ray Dalio
Principles by Ray Dalio is as much about investing as it is life. A legendary hedge fund manager Ray Dalio attributes his success to the unconventional principles mentioned in this book that helped him achieve superlative results in life and business.
If you want to learn from the Oracle of Omaha, The Essays of Warren Buffett: Lessons for Corporate America is the next best thing to direct mentoring. It is an accumulation of 50 years of his wealth of experience on investing and business. Combined with his razor-sharp intellect and his down-to-earth charm, it forms for a very interesting read.
Peter Lynch is one of the most successful investors of Wall Street who achieved a 29.2% compounded annual return for his Magellan Fund. In One Up On Wall Street: How To Use What You Already Know To Make Money In The Market, he talks about making superior gains by investing in companies whose products you know for example Amazon, Netflix, Apple.
Jack D. Schwager is known for his famous Market Wizards series in which he interviews famous traders and identifies the common rules and strategies which everyone can use. Being a successful trader himself, in Market Wizards, Updated: Interviews with Top Traders Schwager is able to cut through the fog of common axioms and bring out the real strategies pursued by traders who significantly outperformed the stock market.
First published in 1923, Reminiscences of a Stock Operator is known as the most entertaining book on investing. It contains a fictionalized account of the Jesse Livermore, a prolific securities trader and offers great insights into market timing and crowd psychology.
John C. Bogle is the founder of the Vanguard group and is credited with creating the first index fund. He is also known as the father of mutual fund investing. In the The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits), Bogle talks about using common sense in investing and simply hold a diversified portfolio of stocks for a long term to win the investing game.
Top Equity Crowdfunding Books
1 Equity Crowdfunding for Investors: A Guide to Risks, Returns, Regulations, Funding Portals, Due Diligence, and Deal Terms by David M. Freedman and Matthew R. Nutting
2 Equity Crowdfunding Explained by Sal Briggman
3 Peer-to-Peer Lending and Equity Crowdfunding: A Guide to the New Capital Markets for Job Creators, Investors, and Entrepreneurs by Kim Wales
Let us know what you think about the list in the comments below.