In this blog, I will share some of my favorite investing books that I recommend you buy and get. At the bottom of this post, In his letters to shareholders, Warren Buffett recommends 33 books dating back to the 1970s. I know many of you are always looking for books to read and new content so figured I'd share them all here. These books helped build Buffet, so maybe they'll help build you. Keep in mind there are a few books that Warren Buffett recommends because of who the authors are and because of his sense of humor. No particular order. “How Buffett Does It”
Explains how Warren Buffett, a self-made investor who is now worth about $80 billion, used value investing to make his fortune. Buffett's premise is that people should base their investing strategies on common sense and search out assets that are selling for less than they are worth.
This was one of the first books I read that 100% changed my whole perspective and investing approach for the better.
“The Little Book of Value Investing”
is the second book I came across that changed my whole perspective on the market. These first 2 books are in order the ones I read. Buying $1 for $0.50. I was able to take out many things from them and apply them to my investing strategies.
”The Dhandho Investor”
In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.
“One Up On Wall Street”
is a very powerful value investing book. Coming from one of my favorite investor Peter Lynch. A MUST-READ!
”Stock Market Wizards (America’s Top Stock Traders)”
This book actually interviews, America’s Top Stock Traders. It’s a book that has great stories that you will be able to relate to. I was able to learn a lot from everyone and applied many of their tips to my current life and investing.