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27 Must-Read Books for Investors

August 21, 2013 | About:
“A truly good book teaches me more than to just read it. I must soon lay it down, and commence living on its hint. What I began by reading, I must finish by acting.” – Henry David Thoreau

“There are worse crimes than burning books. One of them is not reading them.” – Ray Bradbury



The best place to start is by learning from others' mistakes and success. These 27 investing books are sure to help you in the world of investing, learning from the very best. I have been reading relentlessly as I always do, but even more so now that the beautiful weather has arrived and my school break is still in full effect. I have read a lot of books in the recent years, most related to investing, psychology, business, (auto)biographies and economics; these are the ones that come to mind effortlessly.



My Personal Reading List



1) The Intelligent Investor by Benjamin Graham


2) Learn to Earn – Peter Lynch



3) One Up on Wall Street – Peter Lynch



4) Security Analysis – Benjamin Graham & David Dodd



5) Extraordinary Popular Delusions and the Madness of Crowds – Charles Mackay


6) Beating the Street – Peter Lynch


7) The Snowball: Warren Buffet and the Business of Life – Alice Schroeder



8) The Essays of Warren Buffet: Lessons for Corporate America – Warren Buffet & Lawrence Cunningham



9) Common Stocks and Uncommon Profits – Phillip Fisher



10) Fooling Some of the People All of the Time: A long short story – David Einhorn


11) The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor - Howard Marks


12) Quality of Earnings - Thornton O'Glove



13) You Can Be a Stock Market Genius - Joel Greenblatt


14) Thinking Fast and Slow - Daniel Kahneman 



15)Black Swan - Nassim Taleb


16) Street Smarts: Adventures on the Road and in the Markets – Jim Rogers

17) Boomerang: Travels in the New Third World – Michael Lewis

18) Antifragile: Things That Gain from Disorder – Nassim Taleb

19) A Mathematician Plays the Stock Market – John Allen Palos

20) The Big Short: Inside the Doomsday Machine – Michael Lewis

21) Wealth of Nations – Adam Smith

22) The Little Book That Still Beats the Market – Joel Greenblatt

23) The Big Secret for the Small Investor – Joel Greenblatt

24) Warren Buffett and the Interpretation of Financial Statements – Mary Buffett

25) Paths to Wealth Through Common Stocks – Phillip Fisher

26) Reminiscences of a Stock Operator - Edwin Lefevre

27) Soros on Soros: Staying Ahead of the Curve - George Soros

About the author:

Tannor Pilatzke
I am a self taught investor through Warren Buffett, Charlie Munger, Ben Graham, Peter Lynch, Joel Greenblatt, David Einhorn, Seth Klarman, Howard Marks, Phillip Fisher and Thornton O'Glove. My focus is a bottoms up Value-GARP strategy with a mix of top down contrarianism.

"When you find yourself on the side of the majority, it is time to pause and reflect." - Mark Twain

Visit Tannor Pilatzke's Website


Rating: 3.9/5 (16 votes)

Comments

cubsfan
Cubsfan premium member - 1 year ago
Great list - Greenblatt's books are my favorites.

I've just completed a new one you should look at - I think this one is similar to

"You Can Be a Stock Market Genius" - in that it has very practical and actionable ideas

on where to look for value. It's definitely in my Top 10.

The author is John Mihaljevic, the book is "The Manual of Ideas: The Proven Framework for

Finding the Best Value Investments".
Tannor
Tannor premium member - 1 year ago
Thanks,

I agree and really enjoy Joel Greenblatt's writing. I have seen "The Manual of Ideas: The Proven Framework for Finding the Best Value Investments" but have not read it. I will check it out.

Thanks for the recommendation.
hpmst3
Hpmst3 - 1 year ago
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hpmst3
Hpmst3 - 1 year ago
e

Tannor
Tannor premium member - 1 year ago
Awesome list I will definitely pick more than a few out to read. Is that all the business books that you have read over the years. Extensive list to say the least!
hpmst3
Hpmst3 - 1 year ago
e
hpmst3
Hpmst3 - 1 year ago
e
hpmst3
Hpmst3 - 1 year ago
e
AlbertaSunwapta
AlbertaSunwapta - 1 year ago
I've read a lot of investment books but to read all those above one would have to abstain from having a life for quite a while.

Moreover, as 15 year old Jacob Barnett said to the professors of the world: 'At some point you have to stop learning and start thinking'.
batbeer2
Batbeer2 premium member - 1 year ago
'At some point you have to stop learning and start thinking'.

Brilliant!
vgm
Vgm - 1 year ago
To the above lists and suggestions, I'd add "When Money Dies: The nightmare of deficit spending, devaluation and hyperinflation in Weimar Germany" by Adam Ferguson

It was first published in 1975 and was re-published/rediscovered during the recent crisis, gaining a certain cult status. It's a remarkable and dramatic read about how a nation was destroyed by the (hyper)inflation which resulted from huge and persistent deficit financing (quantitative easing).

I was surprised no-one mentioned "The Outsiders" by WN Thorndike. Strongly recommended by Buffett. I learned a great deal about the workings of great businesses from it.

I've heard alot of good things about the John Mihaljevic (Manual of Ideas) book mentioned by Cubsfan above and look forward to reading it.

Thanks for the stimulation, Tannor!
Tannor
Tannor premium member - 1 year ago
No problem and thanks for the recommendations Vgm. I agree that those are very large lists but some interesting reads my be hand picked.

I love the quote above, "At some point you must stop learning and start thinking." Only so much can be read the rest must be learned through experience and process.
vgm
Vgm - 1 year ago
It might be worth observing that reading and thinking are not necessarily mutually exclusive.

At one extreme, we can read simply to understand content. On a more profound level, we can read with a view to really absorbing concepts on a much deeper level, fully appreciating them and becoming aware of how we might apply them. A fertile mind will be creating (ie, thinking) as it reads.

The application of those deeply ingrained concepts then becomes all the more powerful when we do apply them to real life situations - investing in this case.

Correspondingly, if we read superficially, the application will likewise be superficial when we do start to "think" and we will have limited ourselves.

Parodying Buffett, I might even say that reading and thinking are joined at the hip!
batbeer2
Batbeer2 premium member - 1 year ago
>> It might be worth observing that reading and thinking are not necessarily mutually exclusive.

Yes. Then again, I believe there are too many people who memorise books and use that as a substitute for thinking. The results can be disastrous.

In short, I'd rather lose my books than my mind :o)

I'll grant you, I'd prefer to keep em both.
Koheleth
Koheleth - 1 year ago
Amen.

Read, observe and learn. Always learning, but learn to think. Take time to think. And act (or not).

As another classic puts it:

"And furthermore, my son, be admonished: of making many books there is no end; and much study is a weariness of the flesh." (Ecclesiastes 12:12)

vgm
Vgm - 1 year ago
"there are too many people who memorise books and use that as a substitute for thinking."

Batbeer -- Yes, agreed, and I was very careful not to talk about "memorising" but rather to stress the concept of 'thinking deeply' to really understand and absorb underlying concepts to then be able to apply them. Memorising may get us through exams in school, but never through life. It's quite distinct from thinking.
vgm
Vgm - 1 year ago
"Most people would rather die than think; many do."

Bertrand Russell
batbeer2
Batbeer2 premium member - 1 year ago
>> "And furthermore, my son, be admonished: of making many books there is no end; and much study is a weariness of the flesh." (Ecclesiastes 12:12)"

LOL, thanks!
hpmst3
Hpmst3 - 1 year ago
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