If there was only 1 book you could EVER read on investing, what would it be?
Answers
699 points
7million7years answered one year ago …
For Stocks: it would have to be the Intelligent Investor by Benjamin Graham. A great second choice (a little more 'formulaic') is Phit Town's excellent Rule # 1 Investing.
For real-estate: I like Dave Lindahl's Multifamily Millions ... clear, practical advice.
For business: Only one clear-cut, hands down winner: The E-Myth Revisited by Michael Gerber.
142 points
zachmckinney answered one year ago …
"Valuation" by McKinsey & Co. is a great book for learning about how to value companies and financial modeling, leading to investment tactics - - if you want to get down to the nitty gritty of a company's financials.
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142 points
sihowe answered one year ago …
I would have to say, 'Reminiscences of a Stock Operator'. Not only does it teach you the proper mindset to have while investing/trading, ie. having your own opinion and not getting swayed by the popular consensus, it also teaches you an amazingly simple fact: most stocks rise during a bull market, and most stocks fall during a bear market. Thus your analysis should not just be limited to which are the best companies to invest in, but also how the overall market is performing.
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3943 points
MNSL answered one year ago …
As 7millionin7 years said intelligent investor can be rated as one of the best investment books.
If you read 'Reminiscences of a Stock Operator you can learn not only about stock market but also about commodity market. In addition you can learn manipulation, cornering market for some commodity to take price advantage etc.
In addition to above books there are valuable books published in other countries such as Australia and New Zealand. Some of these books are really in high standard. If you do research you can find some less known valuable books through out the world.
I have not heard about Valuation" by McKinsey & Co. I should try this book
678 points
BoxCar answered one year ago …
Scientific American's article "The end of cheap oil" was written in 1998 and it predicts
the era of cheap oil would end within ten years. Are we there yet. All else pales with
respect to the impact of high fossile fuel costs on all economies. Based on what I read,
I converted my IRAs into energy funds forthwith. Today when I fill up at the gas pump,
I give a resounding " Y E S ! " when I see gas just bumped up a few cents because I
know my stocks went up a few dollars......and they did.
546 points
warren answered one year ago …
I would defenitely rank and argree with 7M7Y on intelligent investor but my alltime fav is the same as sihowe remenissacne of a stock operator is a classic and you can write your whole trading phylosophy and rules from this book.
Warren,
www.preciousmetalstockreview.com
114 points
sportman answered one year ago …
The Greatest book concerning investing is " The Richest Man in Babylon" by George S. Clason first published in 1926 by Hawthorn Books. Only 159 pages it deals only with the common sense of investing. Many many common sense leasons are tought in this brief book. All my kids, relatives and friends have read this book and after many years they still quote excerpts from it. A must for all .
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102 points
lvdlr answered one year ago …
I just got this book, "Trading for a Living" by Dr. Alexander Elder. Anyone have an opinion on it?
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