Published 17:12 IST, November 17th 2023
Top 5 investing books to look forward to in 2024
Here is a list of 5 best investing books that can get you started with learning the ropes of investing and teach you lessons that will last a lifetime.
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As investing is becoming more and more accessible to Indians, total number of retail investors has witnessed astounding growth over years. Post-pandemic market performance and positive outlook for India’s growth have taken forward investors' trust in market. If you are also a beginner in investing, you not only need right time but also right guidance before exploring world of stock market investing.
Today, we are sharing a list of 5 best investing books that can get you started with learning ropes of long-term investing and teach you lessons that will last with you for a lifetime.
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Intelligent Investor by Benjamin Graham
This enduring masterpiece is foundation of value investing. Benjamin Graham imparts timeless wisdom about stock market's nature and importance of a cautious, rational approach to investing.
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" stock market is filled with individuals who know price of everything, but value of nothing."
Through principles of fundamental analysis and margin of safety, Graham emphasizes long-term financial security over short-term speculation. book is a must-re for those looking to build a solid investment philosophy based on thorough research and prudent decision-making.
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Psychology of Money by Morgan Housel
Morgan Housel delves into emotional and psychological facets of financial decision-making. In this captivating book, he explores how human behaviour and attitudes affect financial success.
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"Doing nothing is often best course of action, especially in investing."
Drawing on real-life stories and anecdotes, Housel provides insightful lessons on psychology of wealth, risk, and reward, making it an engaging and educational re for investors seeking to understand human element in finance.
A Random Walk Down Wall Street by Burton G Malkiel
Malkiel's book is a comprehensive guide to efficient market hyposis, which argues that it's difficult to consistently outperform market. He vocates for a passive investment strategy, emphasising low-cost index funds.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
Malkiel's explanations of stock market efficiency and futility of market timing are clear and insightful, making this book a valuable resource for those who want to build a long-term investment plan based on a rational, evidence-based approach.
A Little Book on Common Sense Investing by John C Bogle
A Little Book on Common Sense Investing" is a seminal work by John C Bogle, founder of Vanguard Group. This concise and timeless book presents a straightforward philosophy on investment that is both accessible and effective. Bogle vocates for principles of index investing and emphasises importance of low-cost, diversified portfolios.
“Don't look for needle in haystack. Just buy haystack!”
His message of "buy and hold" and focusing on long term, rar than attempting to time market or pick individual stocks, has resonated with investors worldwide. Bogle's common-sense approach has h a profound impact on world of finance, promoting simplicity and prudence as keys to successful investing.
One Up on Wall Street by John Rothchild and Peter Lynch
In this classic investment book, legendary investor Peter Lynch shares his approach to stock picking. Lynch emphasizes importance of finding investment opportunities in everyday life and encourages investors to trust ir own research and intuition.
"Behind every stock is a company. Find out what it's doing."
He shares his insights on identifying promising companies and stocks before y become mainstream, often referred to as "tenbaggers." book provides practical vice and a wealth of examples, making it an excellent resource for investors who want to learn from one of greatest stock pickers in history.
se books offer a deep and comprehensive exploration of various investment topics, making m essential res for those interested in finance, stock market, and wealth-building strategies.
17:12 IST, November 17th 2023