It is often said that one life is too short to experience everything. However, through books, you can at least try to experience everything. Books give you an opportunity to expand your knowledge, do armchair travelling, and walk in the shoes of historical figures and even your favourite characters. There are many books written about investing, business, and entrepreneurship. These books are a treasure trove of knowledge and information. Whether you are a voracious reader or not, here is a list of 10 books that you must read as an investor.
Considered to be one of the most important and influential value investing books ever written, it has changed the lives and fortunes of many investors. For investors across the globe, it has helped to simplify the concept of investing. The book is also famous for introducing two concepts into the investing profession: the allegorical Mr. Market and the concept of “margin of safety.” For investors, it might not be easy to do the necessary research and accurately identify value stocks. This is where mutual fund investments can play an integral role in an investor’s financial journey. Mutual funds are pooled investment vehicles where expert fund managers invest the money accumulated in multiple investment instruments based on a particular investment philosophy or approach. Mutual fund schemes that follow the value investment approach can give investors good exposure to potentially high growth stocks that are available at compelling valuations.
An extremely straightforward and accessible book, The Dhandho Investor exemplifies the powerful framework of value investing. It elaborates on how business savvy Patels from India adopted a capital allocation framework that allowed them to succeed in business in the United States. The framework discussed, i.e., the Dhandho method, expands on the principles of value investing and can be applied successfully to investing.
It is said that a goal without a plan is simply a dream, one that you might or might not achieve. In life, it is important to have a plan – something that guides you through the peaks and troughs of life and inculcates discipline. In this book, Carl Richards will help you create a simple financial plan that not only tells you how to save and invest but dig deeper into “why you need to save and invest”.
Correct guidance and motivation can give wings to your entrepreneurial dreams. It is good to have a great idea. However, the idea holds no value unless you execute it. In this book, Guy Kawasaki leverages upon his two decades of business experience to offer a definitive guide for anyone who dreams of starting anything. If you dream of starting your own business then, The Art of the Start will provide you with everything you need to know from raising money to fostering a community.
If you have you ever wondered how the truly rich actually amass their fortune then this book is for you. In this book, authors Thomas Stanley & William D. Danko closely examine the common characteristics of millionaires, debunk the myths associated with them, and provide a detailed perspective on what a real millionaire looks like. Their analysis and conclusion are based on real-life data and examples.
In this book, Ray Dalio puts together more than forty years of experience to create a set of principles that can help those who adopt them to achieve success, in both life and business. These systemised principles can help you manage your life and investments. Dalio also suggests the most effective ways for individuals and organisations to make decisions, approach challenges, and build strong teams.
- One Up on Wall Street: How to use what you already know to make money in the market by Peter Lynch -
In this book, Peter Lynch shows how any individual can become a successful investor just by doing some good research and investing in a disciplined manner. He also gives valuable advice and honest opinions about investing. These can be very effective for both first-time investors and seasoned investors.
It has now become well-known that our investment decisions are highly influenced by our emotions and behaviour. In this book, expert James Montier clearly shows how emotion, overconfidence, and a multitude of other behavioural traits can affect investment decisions. Knowing and recognising these traits can help you overcome them to make better investment decisions. Again, mutual fund investments can play an integral role in minimising behavioural bias as fund managers invest as per a certain investment mandate.
This is an extremely engaging book that walks you through the different financial crises that have plagued markets since the famous Tulipomania of 1636 to the dotcom bubble in the 21st century. It is not just interesting but also offers nuggets of wisdom to finance and investment professionals.
In this book, Richard H Thaler traces the development of behavioural economics and explains how investors can make more rational decisions by being aware of their behavioural biases. Considering the increasing relevance of behaviour and emotions on investment decision making, this book becomes a must-read for every investor.
These books will not only change the way you save and invest, but also have a profound impact on your life and business. One of the key takeaways from many of these books is that expertly managed mutual funds that help you diversify your investment portfolio and follow the value investment philosophy, can help you create robust portfolios that will take you closer to your financial goals. However, if you are one of those who does not have the time to read books, then you can easily absorb the key messages of these books through our Edelweiss Book Summaries that are available under Insights on the Edelweiss website. Here, in addition to the above book summaries, you can find many more interesting summaries that can add value to you and bring back the joy of reading.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
