I want to keep this short and sweet, and to focus your attention on a stable bed-rock of knowledge that I feel is free, independent and impartial; and most importantly of all very well researched.
When you learn about investing in detail it is a lot like peeling back the layers of an onion. Slowly. Or watching paint dry. It takes many years to unravel what is truth from fact, and to learn and embed the knowledge surrounding risk and what is – and what isn’t – an acceptable risk to take to accomplish your goals.
A great place to start is to pick up any of the following books, starting with the beginners section. I have done much wider reading on the subject, in order to truly understand the principles behind what I am doing. In the process of doing that reading I have filtered out books that I feel are inconsistent with a very long term approach to investing. Here are the sustainable sources of that inspiration:
1) One Up on Wall Street: How to use what you know to make money in the market by Peter Lynch (1989)
2) Beating the Street by Peter Lynch (1994)
3) The Little Book of Common Sense Investing by John C Bogle (2007)
4) Rich Dad, Poor Dad by Robert T Kiyosaki (1997)
5) How to Make a Million – Slowly by John Lee (2013)
6) The Essays of Warren Buffett: Lessons for Corporate America by Lawrence Cunningham (2013)
7) Irrational Exuberance by Robert J. Shiller (2000)
8) Common Stocks and Uncommon Profits by Philip A. Fisher (2003)
9) Stocks for the Long Run by Jeremy J Siegel (1994)
10) The Future for Investors: Why the Tried and the True Triumph over the Bold and the New by J. J. Siegel (2005)
11) The Little Book That Beats the Market by Joel Greenblatt (2006)
12) Narrative Economics by Robert J. Shiller (2019)
13) The Dhandho Investor by by Mohnish Pabrai (2007)
14) Security Analysis by Benjamin Graham and David Dodd (1934)
15) The Intelligent Investor by Benjamin Graham (1949)
16) Antifragile: Things that gain from disorder by Nassim Talib (2013)
17) When Genius Failed – The rise and fall of Long-Term Capital Management by Roger Lowenstein (2002)
As an investment in yourself I would give consideration to reading at least one of these books. After all, taking control of your finances is not an easy thing. You need to be confident in what you are doing, otherwise when times get tough, you are likely to be very hard on yourself.
If there are books you think that – as a reader – fit in with this list, then please share your recommendations in the comment section below. I would love to hear from you and to understand what might be missing from this list!