Best books on investing
A Random Walk Down Wall Street by Burton Malkiel.
Jeremy Siegel’s Stocks for the Long Run.
Commonsense of Finance – Dr. Prasanna Chandra – get the basics of finance and accounts from here so that you understand concepts like P&L, B/ Sheet, write offs, taxation, etc.
More books @ http://www.subramoney.com/2011/06/investing-books-the-must-read-types/
Jeremy Siegel’s Stocks for the Long Run.
Commonsense of Finance – Dr. Prasanna Chandra – get the basics of finance and accounts from here so that you understand concepts like P&L, B/ Sheet, write offs, taxation, etc.
Analysis for Financial Management by Robert Higgins.
Accounting Shenanigans – do not try to read it unless you are a CA or well versed with practical accounting..
Why Smart People Make Dumb Money Mistakes by Gary Belsky and Thomas Gilovich.
Parag Parikhs’ book on Behaviourial finance has brought some Indianness to this science! The book is called Stock to Riches.
Roger Lowenstein’s Making of an American Capitalist.
Benjamin Graham‘s The Intelligent Investor is a must-read. But it can be kind of painful for today’s kids who do not like to read about bond valuation. However, if you realise that bond valuation is the basis from which equity valuation evolves, you will appreciate this book better!
Phil Fisher – Common Stocks and Uncommon Profits
Speaking of Phil Fisher leads us to Ken Fisher – and his book “The Only 3 questions you need to know” is also an excellent book to read, and as useful as his father’s book. It clears a lot of cobwebs – turning the PE ratio is a useful example!
Peter Lynch‘s Beating the Street is the journal of a successful money manager, who is also a good communicator. CIOs should do their job well and also be able to communicate their skills and strategies.
You Can Be a Stock Market Genius by Joel Greenblatt –it’s relatively short, full of case studies, and engagingly written.
John Train‘s Money Masters of Our Time and The New Money Masters
Reminiscences of a Stock Operator – Edwin Lefevre. Reads like a pot boiler!
Seth Klarman‘s Margin of Safety.
Marty Whitman‘s The Aggressive Conservative Investor- I personally found this a difficult read!
David Dreman‘s Contrarian Investment Strategies.
Munger’s biography–Damn Right! by Janet Lowe. Personally found this difficult to read.
John Kenneth Galbraith’s A Short History of Financial Euphoria.
Devil Take the Hindmost by Edward Chancellor is a fantastic and in-depth history of manias through the ages.
Ron Chernow’s The House of Morgan
Peter Bernstein‘s 2 books – Capital Ideas & Against the Gods
The Money Game – Adam Smith
Michael Lewis’s 2 books: Liar’s Poker and Moneyball. Liked Liar’s Poker.
Roger Lowenstein’s When Genius Failed, which chronicles the rise and fall of the Long-Term Capital Management hedge fund in the late 1990s.
Bethany McLean’s The Smartest Guys in the Room,
Kurt Eichenwald’s Conspiracy of Fools
Robert Cialdini‘s Influence – good book on human behavior.
