8 Top Investing Books to Become a Wall Street Legend

Post on: 28 Март, 2015 No Comment

8 Top Investing Books to Become a Wall Street Legend

Like Ive always said before, your mind is the most important asset you own. If you focus on your investing education instead of the immediate results, you will see much bigger gains over your lifetime.

Investing in resources like these top investing books will be the best investing decision you will make in your life. From all the investing books Ive read, here are my top 8.

Bottom 2 of the Top Investing Books

8. Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics) by Philip Fisher

This investing classic is a pillar of growth investing strategies. I agree with Fishers philosophy of only needing a few well selected companies to see spectacular profits. Fishers insight is unique as he goes beyond the numbers, bringing to light the importance of management and R&D.

The recommendation to investigate about companies through talking to employees and competitors is rare and valuable wisdom. My only gripe with Common Stocks and Uncommon Profits is that many parts are vague and open to interpretation. I would never recommend this book as a sole resource for an investing strategy, but instead supplemental reading to complement other knowledge.

7. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)  by Burton G. Malkiel

This is another great book to get different perspectives on investing.  Malkiel does a great job at presenting all the different strategies for investing in the stock market, from value investing to growth investing, and indexing. While I dont agree with the final stance of the author, I still believe that A Random Walk Down Wall Street was valuable towards making me aware of other strategies that people use on Wall Street.

Middle 3 of the Top Investing Books

6. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki

This was the book that started it all for me in my investing journey, and Id recommend to any other absolute beginners. This book is so inspiring and motivating, and Kiyosaki does a good job of giving the reader a different way to look at money.

While I dont agree with his ideas of using other peoples money to invest and make more money, there are still timeless ideas and quotes throughout the book. Rich Dad, Poor Dad gives you the why of investing, and gets you started on the right mindset to becoming wealthy.

This book gives you specific methods to analyze individual stocks and companies. Through extensive research and testing, OShaughnessy showed how superior gains can be made and have been made by value investors in the stock market. The amount of sheer data in What Works on Wall Street is fascinating, and the book took Wall Street by storm as a best seller in the 90s.

OShaughnessy also defends the importance of the rarely used P/S ratio, and of course backs it up with more raw data and case studies. If you are a numbers guy like I am and love to see how ratios and indicators have shaped the performance of stocks, pick up this book today.

4. Beating the Street by Peter Lynch

Ive also recommended this book for beginners in my post on Where to Start. This book follows the life of the wildly successful investing career of hedge fund manager Peter Lynch. Each story peaked my interest as a reader and made Beating the Street a classic page turner. Lynch has an easy to follow writing style and investing style, which has made this book wildly successful as well.

His strategy, based on growth investing and P/E ratios, is the perfect place to start for beginners wanting to analyze individual stocks. This book is a fantastic prelude for the to The Intelligent Investor. which I talk about below.  If you are tired of investing information overload. I stress reading this book then The Intelligent Investor. Youll be so glad you did.

This book is an investing classic. A very quick read, entertaining, and informative. The book gives you exactly the right mindset you need to be a successful investor. You can be the best stock picker in the world, but if you dont learn the lessons presented in this book you will never be wealthy.

The lessons from this book are always relevant, as youll quickly realize there is no secret to wealth. The same way people have been getting wealthy during the babylon times is the same way people get rich today. The Richest Man in Babylon teaches important lessons while keeping the reader entertained with timeless stories.

I hope you dont take this recommendation lightly. As an investor, you need this book like a tour guide needs a map. At $6.37, you have no excuse.

2. Martin Zweigs Winning on Wall Street by Martin Zweig

I recommend this book for advanced investors only. I say this because I believe you need to learn individual stock analysis before you can fully appreciate the insight from Zweig in this bestseller. I dont agree with his method of picking stocks, yet his research on monetary policy and the Feds impact on the stock market is so groundbreaking that this book deserves the #2 spot on my list.

Of all the books Ive read on investing so far, Ive never seen this type of insight which starts on Chapter 4. Right away, Zweig shares the great indicators he has discovered from a lifetime of experience. Aside from the #1 book on this list, Winning on Wall Street was the only book to completely open my mind to investing possibilities Ive never considered.

As I read this book, ideas flowed into my thoughts and exhilarated my mind as I learned from one of the greatest geniuses the market has ever seen. While Zweig recently passed away, his legend will continue on through the excellence of this book.

Ben Graham is well known as the father of value investing, and rightly so. The man was Warren Buffets mentor, and his analysis of individual stocks has been followed and respected for decades. His strategy is one of the few that has stood the test of time. Graham understood stocks better than anyone else has, and was able to concisely explain himself in this book.

The beauty of the value investing approach presented in the book is that an investor learns how to properly value a company, and identify stocks that are undervalued. Once that is recognized, Graham teaches how to ensure that the undervalued company is in outstanding financial condition. Combining these two factors gives investors a margin of safety, which limits the downside of an investment and often leads to above average returns.

Through his teachings, Graham humbly stresses the importance of limiting risk and winning with patience and long term thinking. The wisdom Graham shares is unparalleled in the investing world, and continues to help investors secure the financial freedom theyve always desired. Warren Buffett calls this book the by far the best book on investing ever written, and rightly so.

Reading this book will equip you with all the tools and knowledge you need to invest in individual stocks successfully and profitably [Tweet This ]. After I read the Intelligent Investor. I felt as though I was blind but now I see. This book is the ultimate guide to investing and if you get only one book from this list make it this one.

**8 Top Investing Books**

**Link for the photos: Photo Attribution **

**All Rights Reserved. Investing for Beginners 2013**


Categories
Stocks  
Tags
Here your chance to leave a comment!