Best Investing Books

So investopedia came up with this list; I am only going to post some of them. However, I will end off with the site that I think provides a much better list of books to read on the topic of investing

“The Essays of Warren Buffett: Lessons for Corporate America” (1997) by Warren Buffett

In his essays, Warren Buffett—widely considered to be modern history’s most successful investor—provides his views on a variety of topics important to corporate America and shareholders. Young investors can get a glimpse of the interface between a company’s management and its shareholders, as well as the thought processes involved in enhancing a company’s enterprise value.

Buffett’s essays include discussions on corporate governance, finance, investing, alternatives to common stock, mergers and acquisitions, accounting and valuation, accounting policy, and tax matters. Buffett outlines his basic business principles, and as the steward of Berkshire Hathaway Inc. (BRK-A), informs the shareholders of the company that their mutual interests are aligned. He has a philosophy of bringing in talented managers at portfolio companies and leaving them alone. He advocates purchasing shares of businesses at times when these stocks are trading at a discount from their inherent value, but he opposes following investing trends.

Tactical Investor Best Books Reading List

This site is full of excellent info but their list of best books are superb as they are not the books you would expect. Here is an excerpt

I have yet to read one technical analysis book that I was not inclined to throw into the trash can. Over the years, I looked at many books that covered this topic, and have found nothing of value out there. There are some books, with great pictures but other than that they contain nothing of value.  Almost every author seems to want to go out of his or her way to make the subject look complex. Secondly, half the studies they mention are useless, and I am being conservative.   Here are some simple examples, Head and shoulders pattern, rising wedge, bull flag, cup and handle, and a host of other nonsense.

Let’s also not forget about the silly omens these books like to brag about, like the almighty useless death cross or the infamous Hindenburg omen, etc.. You would be much better served if you can master the art of drawing a simple trend line.

Here is what we would recommend

As for what books we would recommend, be prepared to laugh at first because you will assume I am joking; a good healthy dose of laughter is always a good thing

One of the best books for novice traders is “Aesop’s fables”. It contains a plethora of stories that deal with the topic of Mass psychology and in a straightforward format. If traders put half of the concepts discussed in those fables to practice, they would fare much better. For example:

The boy who cried wolf (perfect illustration of today’s experts)

The hare and the turtle (a great illustration of the slow but sure concept)

Preferred Reading list 

  • Aesop’s Fables
  • Michel Montaigne; read the abridged version
  • Herman Hess (this is optional but can prove to be insightful choose a random book by this author)
  • Extraordinary popular delusions
  • The madness of crowds and Psychology of the Crowds by Gustav Le Bon. Best Investing Books by the Tactical Investor

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