As young adults and professionals, it is very important to learn about investing. Investment is very important for guaranteeing a future in uncertain conditions. Are you studying investing, or are you interested in learning more about investing? Here are 8 best investing books recommendation you have to read.
8 Best Investing Books Recommendation
- Benjamin Graham – Intelligent Investor
Benjamin Graham is Warren Buffett’s idol, it’s no wonder this book is one of Buffett’s favorites. According to him, buying the Intelligent Investor is the best investment books because it explains that in order to be successful in investing, a healthy intellectual framework and the ability to control emotions are needed. This book must be the main handbook for individual investors. From this book you can learn an emotional framework and important analytical tools that can make you financially successful.
- Benjamin Graham & David Dodd – Security Analysis
This book is also Warren Buffett’s favorite. From this book, Buffett learns to always thoroughly investigate a company before deciding to invest. This book reviews the basic value of investing, how to buy stocks, and how to manage them for a long time.
- George Goodman – The Money Game
The Money Game is Buffett’s favorite book written by Goodman. This book was published in 1968 and uses Wall Street in the 60s as its role model. In this book, the stock market is described like a game. Goodman’s way of explaining the stock market amazed Warren Buffett, he also praised the author for being able to stick to the facts and make it more interesting.
- John C. Bogle – The Clash of Cultures
This best investment books were recommended by Warren Buffett, penned in a shareholder letter in 2021. The Clash of Culture highlights changes in the mutual fund industry, how speculation has invaded the pension system, and the need for federal standards of fiduciary duty. The founder of the Vanguard Group, John C. Bogle, in this book wants to invite a return to the sound principles of long-term investment. He also wrote down several “rational” strategies that can help investors achieve their financial goals.
- George Goodman & Adam Smith – Supermoney
Supermoney was published in 1972 and highlights the stock market in the 70s. In this book, George Goodman, the author, also includes a profile of Warren Buffett. In addition, he also reviewed the condition of the shares in that year. One of the favorite topics in this book is Goodman’s view of investors trying to manage risk by using sophisticated mathematical models for their own convenience. At first glance this book looks technical, but it’s easy to read thanks to Smith’s humorous way of writing.
- Rich Dad, Poor Dad from Robert Kiyosaki
For investors, this best investment book is a must-read. There is an intriguing sentence presented in this book, namely Kiyosaki’s view that rich people work to learn, not for money. Kiyosaki emphasizes the importance of managing money to achieve financial freedom. Therefore, this book is suitable as a reference in managing smart finances. The contents of the book Rich Dad, Poor Dad contains a comparison of financial thinking between rich and poor fathers.
- A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing – Burton Malkiel
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing is an investment book by Burton Malkiel, an economist and professor from Princeton University. This book became one of the best sellers that discussed investment. 1.5 million copies have been sold so far, proving that this book is indeed a must for you to read. This book discusses long-term investments, price predictions, and procedures for minimizing the mistakes that investors often make. In addition, there are many investment basic terms that can add to your knowledge. There is no doubt that this book is one of the best investment books recommendations that you must have.
- The Four Pillars of Investing: Lessons for Building a Winning Portfolio – William J. Bernstein
The next best investment books recommendation is The Four Pillars of Investing: Lessons for Building a Winning Portfolio from William J. Bernstein. William is an investor as well as a neurologist and investment thinker who coined the four pillars strategy. The four-pillar strategy is about theory, psychology, history, to the investment business to draw up a plan. Topics discussed included human psychology regarding decision making and how to allocate assets in a portfolio.