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Best Investing Books

Jun 21

Over the past 140 years, the average stock market return is about 9%.1 This is why it's so important to have a solid investment portfolio and manage it well. A good investment book can help you make smart financial decisions.

Our bestseller list will help you, whether you are a financial professional looking to improve your skills or an amateur investor who wants to get more involved in your investments. These are some of the top investing books, along with beginner's guides, from industry experts.

 

Overall: A Random Walk down Wall Street

Burton G. Malkiel’s A Random Walk Down Wall Street has been a bestseller with over 1.5 million copies sold. This is a good thing. This book, now in its 12th edition provides a straightforward guide to investing. It covers topics such as stocks and bonds, behavioral financing, tangible assets like gold and coins, and even tangible ones. Malkiel is the Chemical Bank Chairman's Emeritus Professor of Economics at Princeton University. He also wrote From Wall Street to The Great Wall and The Random Walk Guide To Investing.

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The Financial Diet: Best for Millennials

The Financial Diet, an Indie Personal Finance Bestseller is a great place to start for millennials looking for help with managing their finances. The Financial Diet teaches you how to make and stick to a budget. It also gives tips on having awkward conversations about money with your friends. You can also learn more about advanced topics like how to take care of your home and get started investing. The Financial Diet, a popular website and YouTube channel, was founded by Chelsea Fagan.

 

Classic: Common Stocks and Uncommon Incomes

Common Stocks and Uncommon Profits, an updated edition of Philip A. Fisher’s classic book on investing, is a comprehensive look at investment strategies with staying power. These include how to find growth companies and how to practice the scuttlebutt technique, which is the process of gathering information from multiple sources about a company (ideally before investing in that company). The book was first published in 1958. Warren Buffett endorsed it. The second edition also includes input from Ken Fisher, an investment professional. This book is a must-read for investors because it provides many foundational lessons, including how to keep your emotions out of investing.

 

The Psychology of Investing: Money Psychology

The 19 stories in this collection are not only about financial strategies and investing but also about how people view money. Anyone who has ever had to make an emotional decision about their investment portfolio or budget will find the message of this book, "Emotions Matter When It Comes To Money" a true reminder. Morgan Housel's The Psychology of Money reveals not only how our emotions, biases, and ego affect our financial decisions, but also provides common-sense tools to help readers make those decisions. Housel is an award-winning financial journalist and is now a partner in the Collaborative Fund. He was also a columnist for The Wall Street Journal and The Motley Fool.

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Day Traders' Best: Beat the Street

The book teaches investors an important lesson: investing in stock markets is not always a risky venture. You have a better chance of getting good returns if you do your research about the companies that you are investing in. Peter Lynch's classic title Beating the Street applies this theory to mutual funds. It gives readers real-world advice about how to create an investment strategy that works. It is worth noting that Lynch managed the FidelityMagellan Fund from 1977 to 1990, one of the most profitable mutual funds in history.

 

Best on Big Tech: Bad Blood

Bad Blood is a must-read for anyone working in fintech. It's a true-life story about the rise and fall of Theranos, a tech startup. Theranos was founded by Elizabeth Holmes, a Stanford graduate who promised to make blood testing faster and more convenient. This would have profound implications for the medical sector. One problem was that the technology failed to work. John Carreyrou, a Pulitzer Prize-winning journalist who also exposed the Theranos scandal through a series Wall Street Journal articles, tells the story about this tech startup. It serves as a reminder to investors who invest in startups: If it sounds too good to be true it probably is.

 

The Little Book of Value Investing

Value investing involves purchasing stocks at a low price and then holding them for longer periods, in order to earn returns when they rebound. Although it is not a new idea, value investing is a valuable investment strategy for many investors. Christopher Browne's The Little Book of Value Investing teaches readers how to implement this strategy to buy bargain stocks and grow their portfolios. The Independent, Financial Times (U.K.), Bloomberg, and The Wall Street Journal have all given glowing reviews to this title.

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Best Index Funds: Keep the Course

An investor who is a good one knows how important index funds are in passive investing strategies. Stay the Course by John C. Bogle, founder of Vanguard, is an interesting look at investment vehicles. He tells the story about growing his mutual fund company from $1.4 billion in assets to $5 trillion, and how it has grown to be the largest in the world. This book is a mix of history and index fund primer. It's worth reading for every investor, professional or amateur.