Stock market is a money-driven eco-system. Its every organism’s ultimate objective is to make money. Stock exchanges are the very basic entity of this system. Even they are private organizations and running their business for money. Your only saviour is a good knowledge about the stock markets. This article recommends the top 10 books to understand the stock market.
- The 10 Books for Stock Market
- Rich Dad Poor Dad
- Thinking, Fast and Slow
- One Up On Wall Street
- The Intelligent Investor
- Common Stocks and Uncommon Profits
- The Little Book That Still Beats the Market
- How to Avoid Loss and Earn Consistently in the Stock Market
- Stocks to Riches
- Stocks for the Long Run
- The Warren Buffet Way
There are lots of books mushrooming every day, assuring your success in the stock market. Then why most of the participants are facing loss in the market.
Something is not right!
Are you picking the right book?
It’s important to find the Giants of any field. Here Giant refers to the person having expertise in the field. Learn from the one who already knows more than you.
What can be a better source than a book, written by a Giant!
Here is a list of top 10 books which are written by the Giants. Understanding these books will make you aware what Giants already knew, applied and got success.
Stand on their shoulders to widen your own perspective.
Note: Amazon is the best place to buy any book you can imagine. They sell at the minimum price and deliver timely at your doorstep. Take advantage of their services to buy books, learn the concepts and earn profits in the stock market.
Top 10 Books to understand the Stock Market
Rich Dad Poor Dad (Highly recommended)
Author: Robert T Kiyosaki
Publisher: Plata Publishing
It has been 20 years and this book is still no.1 book in personal finance. This book is in no way directly related to the stock market but it will help you think better in financial matters. The author Robert Kiyosaki has written it considering the thought process of his two dads. One his own dad who was not rich and another rich one who was his friends’dad. The two thought processes are presented to the reader as well as their consequences. It’s an amazing book to get started.⇯
Thinking, Fast and Slow
Author: Daniel Kahneman
This is the second book while building your base in the stock market. Sometimes it’s very important to make a better choice between intuition and logic, in the stock market. A wrong choice may give you financial nightmares while the right one may give a fortune. “Thinking Fast and Slow” is written by Daniel Kahneman, the 2002 Nobel Prize winner in Economic Sciences. He has shown how the system of a human brain is divided into two thought processes. One is intuitive and fast while the other one is more logical and slow. This book tells that both these system should be understood to take better decisions in personal as well as financial life.
One Up On Wall Street
Author: Peter Lynch
Publisher: Simon & Schuster
Start your stock market learnings from this book. This book is authored by Peter Lynch, one of the most successful mutual fund manager with an average of 29.2%. Yes, I know that’s an outstanding figure. This book has a straight-forward cover line “How to Use What You Already Know to Make Money in the Market”. Peter simplifies the investing process by illustrating that an average investor has many advantages over the professionals and he has proved it in this book. He has explained every process in a very simple way.⇯
The Intelligent Investor
Author: Benjamin Graham
Publisher: Harper Business
Benjamin Graham is known as the greatest investment adviser of the twentieth century and the “father of value investing”. He introduced various successful concepts in the fundamental analysis which also laid the foundation of the success of Warren Buffet. This book is focused on long-term investments and you should know that only long-term investments can give you good returns. All the concepts are illustrated with simple examples.
Common Stocks and Uncommon Profits
Author: Philip A. Fisher
Publisher: Wiley India Pvt Ltd
This book is authored by Philip A. Fisher, who is known as one of the most successful investors of his time. In this book, Philip has illustrated how growth stocks can make fortunes for you if held for a long period. This book focuses on 15 points before selecting a stock for investment. Don’t miss this book.⇯
The Little Book That Still Beats the Market
Author: Joel Greenblatt
This book is considered as one of the classics in finance books. The author Joel Greenblatt has introduced a magic formula in this book. This formula contains two variables Earning yield and return on capital. Understand this magic formula and having some patience will give outstanding results.
How to Avoid Loss and Earn Consistently in the Stock Market
Author: Prasenjit Paul
Publisher: Partridge India
In this book, author Prasenjit Paul has simplified the buy-hold-sell process very much. This book is written with an Indian context with examples of Indian companies. All the most important concepts of fundamental analysis are detailed in this single book. It even covers a speedy stock screening mechanism before you start a thorough analysis of those stocks. The best part of this book is that it will teach you how to minimize/stop losses in the stock market. You can count on this one.⇯
Stocks to Riches
Author: Parag Parikh
Publisher: McGraw Hill Education
The books till now in this list will give you an in-depth understanding of the stock market. You will be able to get good returns if you apply the concepts with patience.
This book got a place in the recommended books of FundsBase because it unfolds the truth of the stock market. This book will teach you what others have not. Parag has written this book in simple words, which is easy to understand.
Buy Stocks to Riches
Stocks for the Long Run
Author: Jeremy Siegel
Publisher: McGraw Hill Education
This book is for the ones who are willing to go that extra mile to understand various investment concepts. It illustrates practical advice and details long-term investment concepts without going to the extreme-hold situation. This book has described the economic growth in India after the 2008 market crash and how you can take advantage of that. A must-have for investors.⇯
The Warren Buffet Way
Author: Robert G. Hagstrom
Warren Buffet has been known for his special stock picking techniques and value investing. Robert has observed the ventures of Warren Buffet during the tenure of ten years and came up with this book. He has detailed the “stock-selecting” mechanisms of Warren Buffet in easy to understand language. Apply the mechanism and see yourself.
I have saved thousands of rupees by reading books on a Kindle. There are several benefits of having it viz.
1) ebooks are of a much lesser price.
2) You can annotate, highlight and search the text
3) You can save thousands of books in your library.
4) It has an inbuilt dictionary. Encounter a strange word, get on-screen help.
5) Access your library anywhere, read any ebook you have saved, at any time.
As a reader, I recommend having a kindle. It will save you tons of money in the long run. You can buy this one from Amazon. It’s not too expensive but have most of the good features.
There are several books to learn and invest in the stock market. Thus it becomes very important to distill the best ones. The 10 books in this article are in simple language but they provide all the information required to understand the stock market and get good returns as well.
Don’t miss any of them.