The most recommended investment books

This book has been the bible for technical analysts since its first iteration in 1985 and is a comprehensive guide to the established knowledge of the markets. It covers chart structure, trends, moving averages, oscillators, technical indicators, and all types of charts in the 542 pages of the 1999 edition, which added candlestick patterns to the older version, and is a great reference guide for all the traditional charting.

However, that is the latest edition, so it contains nothing on Ichimoku (cloud) charting, an incredibly interesting if esoteric development, which is one of the reasons I felt that I should write my book including these latest advances.

This book is a powerful guide to creating a fulfilling and satisfying life.

Stoltz draws on his years of experience as a coach and mentor to provide readers with practical tools and strategies for achieving their goals and realizing their full potential. His insights into the power of positive thinking, the importance of setting goals, and the value of taking risks have inspired me to pursue my dreams with greater confidence and determination.

I highly recommend this book to anyone seeking to improve their outlook on life and create a better future for themselves.

Land is its own unique asset class with its own set of challenges, but Cheryl has put together a very easy to read and understand path to learning the basics of land ownership.

While the book is a quick read and doesn’t get too deep, it is a great starter resource for anyone who is considering the purchasing of land. I also like how Cheryl’s writing style is straightforward and concise, with not much fluff or filler.

This book can serve as a great base and jumping off point if you’re looking to dive deeper into this unique, but profitable asset class.

Very good book covering the full investment process from the valuation of a business, to identifying a mispricing, to recognizing potential biases, and finally adding a business into a portfolio.

The concepts the book is dealing with, are derived from the Value Investing School at Columbia University where both the authors teach. The main raison d'être somebody would like to build a financial model is to use it to value an asset or a company.

I highly recommend it for the practical tips it provides on the valuation process.

The Simple Path to Wealth is hard to beat as an introduction to investing.

This book has a singular message; invest in a U.S. stock market index fund and call it a day. Every page in the book, brings the reader back to that conclusion. While I have small quibbles with some issues (such as international diversification being glossed over,) if you find investing confusing or overwhelming this book is a fantastic place to start as it simplifies investing. 

The most popular book by the father of value investing, The Intelligent Investor imparts Graham’s time-tested stock and bond selection principles in a manner that is less technical and more conversational than Graham and Dodd’s earlier Security Analysis. Graham’s core principles around conducting intrinsic value analysis first and then purchasing securities that the market has mispriced at below that value are all addressed here in wonderful Graham prose. Since he pioneered that strategy, it makes good sense to read directly from the master. 

Aside from that, what I like about this book is that it addresses the often overlooked but vital psychological aspects of investing. Last but not least, did I mention that The Intelligent Investor is Warren Buffett’s favorite investment book of all time? When I interviewed him for my own book, he stated that Graham’s book “just made clear sense to me as a book about… show more.

Professional investors troop to Wharton School to sit at the feet of professor Siegel and learn about why stocks – or shares – should be the bedrock of any investment strategy for the very obvious reason that it’s the best way to capitalise on the steady growth of the American economy. And by implication, other growing economies. If you haven’t got skin in the game, you’re on the sidelines. A dry book unless you have an intellectual interest in investment, it is nevertheless extremely thought-provoking and enlightening. It’s been through several editions and is routinely updated to reflect the latest developments such as exchange-traded funds, the phenomenon of the millennium.

In this book, Peter Lynch teaches how a common investor can get great returns from his investment in the stock market if he follows a few general investing principles and a common-sense investing approach. Lynch believes that with a little research and steady discipline, every common person can outperform the so-called investment gurus and make good returns. He suggests that many great investments could be right under their nose, if the investor is ready to do some research. Most people just have to look around the place where they work or the spots where they visit to grab those opportunities. A common person is exposed to many interesting local companies and products years before professional investors would even hear of them. If these investors find and invest in these growing local companies, they can make handsome returns.

Finance doesn’t easily lend itself to humor, but Richards will make you laugh. His insights into the human mind, and human frailties are pure gold. In The Behavior Gap he examines the bad decisions that nearly all investors seem to make before they become good investors. You will recognize yourself in Richards’ words and in his whimsical and thought-provoking illustrations. This book is not so much about the optimal strategies of investing, but rather it focuses on the mindset needed to carry out those strategies. Yes, even we professionals can sometimes fall prey to portfolio-destroying greed, fears, and pie-in-the-sky thinking. I have read Richards's book a number of times to help keep my head screwed on straight, and it works its magic every time!

Carol Loomis has edited Buffett’s widely read Letter to Shareholders for many decades. She is also an outstanding journalist who was a writer and editor at Fortune for 60 years. Her book is a compilation of many of her interviews with Buffett over the years, with some additional commentary. As the book subtitle indicates, the book covers “practically everything” in a conversational format so it is sort of a quasi-biography of Buffett.