Essential investment books to read

To be a successful investor, intense reading is important, especially since there is just too much of misinformation and myth floating about investing. Here is what Charlie Munger, partner on Warren Buffett, says about the importance on reading:


"In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero... You'd be amazed at how much Warren reads -- at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out." - 9 May 2003


In all our seminars and also through emails we are asked what are the right books to read. Here is what we recommend. Please also keep reading the book section of Moneylife for the finest Indian reviews on market and other books.  


Black Swan - Nassim Taleb
Fooled By Randomness - Nassim Taleb
A Random Walk Down Wall Street - Burton Malkiel
Stocks for the Long Run - Jeremy Siegel
The Intelligent Investor - Benjamin Graham
Practical Speculation - Victor Niederhoffer
Four Pillars of Investing - Dr William Bernstein
More Than You Know - Michel Mauboussin
Where Are The Customer's Yachts?  - Fred Schwed Jr.
Contrarian Investment Strategies - David Dreman
A History of Interest Rates - Sidney Homer and Richard Eugene Sylla
Irrational Exuberance - Robert J. Shiller
What Works on Wall Street - James O'Shaughnessy
Common Sense on Mutual Funds - John C. Bogle
Stock Market Logic - Norman Fosback
The Little Book that Beats the Market - Joel Greenblatt
Active Value Investing - Vitaly Katsenelson
Technical Analysis
Technical Analysis Explained - Martin Pring
Encyclopaedia of Chart Patterns - Tom Bulkowski 
Behavioural Finance
Your Money and Your Brain - Jason Zweig
Markets, Mobs & Mayhem - Robert Menschel
Winning the Loser's Game - Charles D. Ellis
The Winner's Curse - Richard Thaler
Why Smart People Make Big Money Mistakes and How to Correct Them - Gary Belsky and Thomas Gilovich
Crowd. A Study of the Popular Mind - Gustave Le Bon
Psychology and the Stock Market - David Dreman
No Bull: My Life In and Out of Markets - Michael Stienhardt
Market Wizards - Jack Schwager
New Market Wizards - Jack Schwager
Stock Market Wizards - Jack Schwager
The Mind of Wall Street - Leon Levy
Education of a speculator - Victor Niederhoffer
Reminiscences Of A Stock Operator - Edwin Lefevre
Only Yesterday - Frederick Lewis Allen
Devil Take the Hindmost - Edward Chancellor
The Money Game - Adam Smith
The Go-Go Years - John Brooks
Manias, Panics and Crashes - Charles Kindleberger
Against the Gods - Peter L. Bernstein
Capital Ideas - Peter L. Bernstein


Anil Nagesh
4 years ago
Thank you, wonderful collection.
1 decade ago
a very nice selection. would like to visit moneylife foundation to read ones which i have missed. wold like to add one more book to the above selection.. "the snowball" by alice schroeder an official biography of warren buffet. although very long it gives great insights into the life and investment methods of warren buffet and also covers a part of life of benjamin graham. a must read.
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