The 10 Best Investment Books

Here’s our list of the best investment books ever written. How many have you read?

Building Blocks

Classics never grow outdated because they provide enduring insights. All investors can benefit from an investment foundation built on these two classic investment books.

The Intelligent Investor by Benjamin Graham

Written by one of the premier investment professionals of the 20^th century, this “bible” of value investing will offer Graham’s wisdom on stock selection, portfolio policy and security analysis.

Common Stocks and Uncommon Profits by Phillip Fisher

Considered by many to be the father of growth investing, Fisher discusses his monumentally successful investment approach.

Historical Perspectives

Without historical perspective, we are handicapped in understanding the present.  These books deliver a history lesson that will enlighten investors of all levels.

Against the Gods: The Remarkable Story of Risk by Peter Bernstein

A sweeping history of risk, and how conquering it created our modern world.

Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay

Bubbles have existed throughout human history, and this book is an important reminder for the next time an investor thinks “this time it’s different.”

When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein

This story teaches us that confusing intelligence with wisdom and common sense can be a fatal investment mistake.

Traders

For those investment professionals who haven’t lost faith in the ability to generate alpha, it pays to learn from the best stock investors and traders of all time.

The Money Masters by John Train

Learn the investment strategies of nine of the greatest money managers ever, including Templeton and Fisher.

You Can Be a Stock Market Genius by Joel Greenblatt

A practical guide to becoming a successful investor by discovering opportunities that many of the experts miss.

Market Wizards by Jack Schwager

Comprised of interviews with extraordinary traders, including Paul Tudor Jones and Michael Steinhardt, this book reveals how the best traders made their fortune.

Behavioral Investing

Humans are constantly upended by their own foibles. Learning the weaknesses of human behavior and overcoming them is key to becoming a successful investor.

Fooled by Randomness by Nassim Taleb

This journey into uncertainty, probability, human error and decision-making will change the way you see the world.

Predictably Irrational by Daniel Ariely

A study of rational, and irrational, everyday decision-making forces us to reconsider how we behave in our personal and financial lives.

Do you have a favorite investment book? Tell us what it is, and we just might include your suggestion in a follow-up to this list. Contact ndauenhauer@americanportfolios.com

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