The Internet’s a treasure trove of information just waiting to be explored by any young penny stock investor in search of solid investing education, but if you’re looking for a detailed analysis of a specific company or subject and want to be able to examine things from a historical perspective, there are some terrific books out there that should definitely be on your must-read list.

Yes, while college courses seem to be undergoing an exodus from the classroom to the digital realm, some of the best investing knowledge can still be learned from actual books. Regardless of whether you purchase one of the five following books on print or find a downloadable copy from the ever-growing Web, your budding trading account will definitely benefit from reading each one!

1. Think and Grow Rich Napoleon Hill (1937)

This incredibly popular classic, which takes a look into the mental make-up of Andrew Carnegie and other wealthy and powerful titans of American industry during Hill’s lifetime, is one of the most recommended books for young investors around the world.

In a nutshell, the book analyzes the psyche and character traits of successful individuals, allowing you to focus on building your wealth and unconsciously attracting abundance into your life. Basically, it’s the perfect book to pump you up and help you develop the right attitude for successful investing and life in general.

2. The Essays of Warren Buffett: Lessons For Corporate America Warren Buffett (1997)

Warren Buffet doesn’t need an introduction, but if you’ve never read this book by the famed value investor, it would be a wise idea to pick it up and check it out the next time you’re perusing the finance section of Barnes and Noble or your local book store.

In the insightful book, Buffet shares his views on a multitude of topics in relation to value investing, shareholders, and corporate America. Essentially, young investors receive an inside look into the mind of one of the most successful investors in the modern world as he examines the correlation between management and shareholder success, finance and investing, ways to improve a company’s enterprise value, corporate governance, mergers and acquisitions, common stock and common stock alternatives, valuations, taxes, and more!

In all honesty, this book should be required reading for every young penny stock investor. It’s that good!

3. Common Stocks and Uncommon Profits Philip Fisher (1958)

Philip Fisher is known as a pioneering financial analyst who played a major role in the development of the modern investment theory. In his classic book, “Common Stocks and Uncommon Profit,” Fisher teaches young and savvy investors how to analyze a company’s bottom line as well as its ability to turn a profit. Over a half a century later, this book is every bit as valuable today as it was 56 years ago.

4. Beating the Street Peter Lynch (1994)

As a hedge fund giant and one of the most successful investors of the 20th century, Peter Lynch is renowned for transforming a small fund with a meager $18 million in assets into a mega-fund with a staggering $18 billion in assets in only 11 short years. More impressive, however, is the fact that he was able to do so by pulling off impressive returns of nearly 30 percent!

Lynchs book, “Beating the Street,” takes you into his analytical mind as you discover his thought processes and reasoning behind buying or selling a stock. If you want to learn how to exploit opportunities in the market better than the guys on Wall Street, this book is a must-read.

5. The Intelligent Investor Benjamin Graham (1949)

A favorite of Warren Buffet and thousands of other successful investors, “The Intelligent Investor” by Benjamin Graham, also known as the “father of value investing,” goes deep into the history of the stock market, teaches the basics of fundamental analysis, and discusses a variety of ways to manage your portfolio. Therefore, it’s an essential read for any penny stock or value investor.

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