I’d be very grateful for any easy-going investment book recommendations. I’ve just finished the Art of Execution by Lee Freeman-Shor and loved how straight forward and easy to understand for someone like myself who’s learning the ropes and not wanting to get bogged down with charts and anything too technical.
Other books I’ve enjoyed included The little book that (still) beats the market and the naked trader books.
New Investor (33 years young) I'm currently on the look out for good reads and tips from seasoned pros.
Although I haven’t read it yet, it’s on my list, I’ve heard ‘the way of the turtle’ could be an interesting read. I am However more into technicals, but have to say recently, thinking about long term investment is becoming more appealing and capital preservation more now than ever but that’s probably because my age!
Here are some titles from my bookshelf that might get you going. Of course it depends what sort of investor/trader you are. That is the first question you probably need to find a answer to.
'Invest in the Best' by Keith Ashworth-Lord
'How to pick Quality Shares' by Phil Oakley
'The Essays of Warren Buffett', edited by Lawrence Cunningham
'How to Make a Million slowly' by John Lee
'Free Capital' by Guy Thomas
'One up on Wall Street' by Peter Lynch
and these two are good reads
'Where are all the Customers Yachts' by Fred Schwed
'Reminiscences of a Stock Operator' by Edwin Lefevre
As already mentioned, 'The Most Important Thing' is also very good.
Enjoy.
The Financial Wisdom channel on Youtube does animated reviews on investment books - usually 10-15 minutes. It might be worth having a look at some of those reviews and finding out which of the books appeal to you. Some of the reviews are effectively short tutorials. Link below:
The Warren Buffett Way by Robert Hagstrom is outstanding.
It provides the foundations of how to think about and analyse companies in the way WB does and provides real life examples. I don't think you'll find a book that will teach you more about successful investing.
It's also very accessible for someone starting out and copies can be picked up online for buttons.
It's always worth having a basic understanding of company fundamentals, not just investment strategies. If you don't have a financial background, I'd recommend taking a look at Accounts Demystified by Anthony Rice which is a good introduction to the subject. For something more challenging try Company Accounts by Maurice Pendlebury / Roger Groves or Interpreting Company Reports & Accounts by Geoffrey Holmes & Alan Sugden.
Thanks Johnny, much appreciated, I will take a look at your suggestion. Understand company accounts is something I know I need to get my head around.
Thank you Shipoffrogs, I’ve just looked and this is available on Amazon and eBay very cheaply, many thanks!
Hi Wilkonz, many thanks for your tip, this is actually where I found out about the little book that beats the market!
Thanks William, really appreciate your list, I will look at all of these, certainly Peter Lynch is a name that keeps popping up and several times in the art of execution so this interests me.
Dont forget Audible downloads to listen to either. Both of these are in have truly excellent narrators....
'Where are all the Customers Yachts' by Fred Schwed
'Reminiscences of a Stock Operator' by Edwin Lefevre
Thank you, I’ll be sure to check that out as well as I’ve never made use of the free audible trial!
If you're interested not just in the mechanics of accounting, but things to look out for in how companies may, shall we say, present results in the best possible light - then Accounting for Growth by Terry Smith is excellent. Despite being almost 3 decades old now, many of the tricks he outlines are still commonly used today.
I read The Art Of Execution a number of times, each time gaining more insight it is now part of my investment stratergy . The Neked Trader is an excellent beginners book as is Trade like a stock market wizard by Mark Minervini
