Top 5 investment books

This page contains a short list of the ultimate best books on investing. They are all written so that they can be read by private investors who do not work professionally with investing. But make no mistake. The books are excellently written and widely recognized internationally by professional investors.

If you want more, you can find the full list of book recommendations here.

Happy reading!


#1: The intelligent investor

Author: Benjamin Graham

From my perspective, there’s only one right place to start the journey to becoming an investor: Read Benjamin Graham’s 1949 classic! The book has been continually revised, and Graham’s story is just as relevant today as it was when it was written. It is easily accessible and provides a sublime introduction to the basic principles of investing. Graham was Warren Buffett’s professor and mentor at Columbia.

The book can be ordered on Amazon here.


#2: A Random Walk Down Wall Street

Author: Burton G. Malkiel

Subtitled “The Time-Tested Strategy for Successful Investing”, Malkiel’s book is a complete investment book, covering fundamental concepts, a review of market history over the past fifty years and a practical guide for investors. Burton Malkiel is a professor at Princeton, but like Graham, he has decades of practical experience from Vanguard, where he stayed for 28 years.

The book can be ordered on Amazon here.


#3: You Can Be A Stock Market Genius

Author: Joel Greenblatt

In his book, Greenblatt covers basic concepts such as investment principles and portfolio composition. But the book stands out for its focus on special situations, such as spinoffs, risk arbitrage, bankruptcy and options. In other words, situations that most private investors (and professionals) steer clear of. Despite the difficult-to-access topics, Greenblatt manages to keep the book short, understandable and with a great sense of humor. Greenblatt is an adjunct professor at Columbia and founder of Gotham Asset Management.

The book can be purchased on Amazon here.


#4: One Up On Wall Street

Author: Peter Lynch

In the book, Lynch provides an excellent overview of the factors needed to succeed in the stock market and how to spot a good investment by observing your surroundings as a consumer. The format is informal, humorous and with many good examples. Lynch was the manager of Magellan Funds and for several decades was the most successful asset manager on Wall Street.

As a follow-up, we highly recommend his second book, “Beating the street”, which focuses on practical implementation of the concepts in “One Up On Wall Street”

The book can be purchased on Amazon here.


#5: The Most Important Thing

Author: Howard Marks

As the subtitle indicates, “Uncommon Sense for the Thoughtful Investor”, Howard Marks addresses the basic (and more advanced) principles of investing. The principles are based on the author’s 40 years of experience as a hedge fund manager. He provides a clear and interesting overview of what it takes to create success and the pitfalls along the way. Howard Marks is the founder of Oaktree Capital Management, the world’s largest investor in distressed securities.

The book can be purchased on Amazon here.

PS: Howard Marks writes an exceptionally good newsletter that is widely recognized internationally, takes the temperature of the market and is even free. Read it here.

PPS: There is an annotated (“Illuminated”) edition of the book, with valuable additions from some of the most recognized investors of all time. Check out the book here.


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Disclaimer

The above has been prepared by Børsgade ApS for information purposes only and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

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