Review of the best according to the editorial board. On the selection criteria. This material is subjective and does not constitute advertising and does not serve as a purchase guide. Before buying, you need to consult with a specialist.
Along with business literature on self-development and personal growth, improving the quality of sales, books on investment are in demand. They will help you understand such a topic as a competent investment of funds for obtaining different types of benefits. Note: they do not replace the theoretical and practical knowledge of professional investors, but are suitable for modernizing information on the topic. Books, as a rule, are written by successful established investors, specialized trainers, and investment market researchers. The experts of the online magazine have compiled a rating, which includes 13 best books on investing. The review has been compiled on the basis of the opinions of reputable businessmen and traders.
- Rating of the best books on investing
- 'Stock market. Course for beginners'. A team of authors. From the series 'Reuters for Financiers'
- 'Warren Buffett. World's Best Investor ', Alice Schroeder
- 'Memoirs of a Stock Market Speculator', Lefebvre Edwin
- The Intelligent Investor by Benjamin Graham
- 'Technical analysis. Complete Course ', Jack Schwager
- 'How to play and win on the stock exchange', Alexander Elder
- 'The Peter Lynch Method. The strategy and tactics of the individual investor ', Peter Lynch
- 'The bond market. Analysis and Strategies', Frank Fabozzi
- 'Path of the Turtles. From Amateurs to Legendary Traders', Curtis Face
- Liar's Poker by Michael Lewis
- 'Quants. How math wizards made billions and nearly crashed the stock market ', Scott Patterson
Rating of the best books on investing
|Nomination||a place||Name of product||rating|
|Rating of the best books on investing||1||'Stock market. Course for beginners'. A team of authors. From the series 'Reuters for Financiers'||5.0|
|2||'Warren Buffett. World's Best Investor ', Alice Schroeder||4.9|
|3||'Memoirs of a Stock Market Speculator', Lefebvre Edwin||4.8|
|4||The Intelligent Investor by Benjamin Graham||4.7|
|5||'Technical analysis. Complete Course ', Jack Schwager||4.6|
|6||'How to play and win on the stock exchange', Alexander Elder||4.5|
|7||'The Peter Lynch Method. The strategy and tactics of the individual investor ', Peter Lynch||4.4|
|8||'The bond market. Analysis and Strategies', Frank Fabozzi||4.3|
|9||'Path of the Turtles. From Amateurs to Legendary Traders', Curtis Face||4.2|
|10||Liar's Poker by Michael Lewis||4.1|
|11||'Quants. How math wizards made billions and nearly crashed the stock market ', Scott Patterson||4.0|
'Stock market. Course for beginners'. A team of authors. From the series 'Reuters for Financiers'
The book 'Stock Market. Course for beginners'. Despite the name, it is suitable for investors of any level, from beginners to professionals – some will be able to understand the structure of stock markets, the intricacies of effective investment, others – to learn the experience and tricks of a business guru.
To understand the mechanisms of investment, the authors provide a detailed structure of the market, analyze its purpose and features of its functioning, and reveal the principles of its operation. This information is necessary for all specialists in whose field of activity there are securities – an understanding of the correct trading in them arises.
For beginners, the authors reveal the secrets necessary for the entry of new players into the stock market: what tools are needed, what to be afraid of and how exactly one should not act so as not to come at a loss, how to correctly assess stocks and risks. All information is presented in an accessible manner and is supported by real life examples taken from the experience of real traders, the activities of large companies, gurus and investment novices.
In addition to theory, the book contains exercises to test knowledge, 'Stock market. The Beginner's Course 'can be used as a working broker's desktop reference book and even as a textbook for a student, an assistant for a teacher of banking, economics, etc. A truly versatile and valuable book.
'Warren Buffett. World's Best Investor ', Alice Schroeder
If the first book in the ranking is a teaching aid, then 'Warren Buffett. The world's best investor 'is a biography that contains many answers to questions about the right investment, based on the life of the most famous and richest man in the world of finance. What is the Buffett phenomenon, which helped the billionaire achieve such success, what personal qualities did the king of business possess, what method of work he used – all these questions are disclosed in the book.
In addition to business aspects, the author covers the social life of Mr. Buffett – hobbies, lifestyle, business and close social circle, thinking, even unique facts from the history of the couple of the billionaire family are given.
Alice Schroeder, the author of the book, worked as a financial analyst, and later a representative of Wall Street, to whom Buffett himself entrusted his thoughts and arguments on various issues for several years. Actually, he became the customer of the book, opening access to archival information about his own business and family, therefore the biography of 'Warren Buffett. The best investor in the world 'fully authentic and authorized, written based on the results of more than 2000 hours of interviews with the investor himself and two and a half hundred other confidants and trustees, investment industry specialists.
'Memoirs of a Stock Market Speculator', Lefebvre Edwin
The next book in the ranking, 'Memories of a Stock Market Speculator', is one of the oldest of its kind – its first edition was published back in 1923, but the information presented is still relevant to this day, despite the significant transformation of the financial world.
The book is dedicated to the biography of the most famous speculator Jesse Livermore, who became the prototype for the protagonist Larry Livermore. He talks about his hard life, about the successes and failures in life, in particular in the game on the stock exchange. The author cites the life story from graduation from the main character's school to deep immersion in currency games, development of his own effective method of playing. Larry is purposeful – he is moving step by step towards his dream of becoming rich, while he was not broken by falls and complete losses of the entire fortune to a cent, which speaks of the reward for perseverance.
The value of the book is not only in the personal example of the protagonist, Lefebvre Edwin depicts investment markets, their structure, which in its essence has not changed, the psychology of brokers, the crowd, the influence of demand on many factors of the game. 'Memories of a stock speculator' is interesting both as an educational tool that does not lose its relevance, and as an interesting autobiography. The book does not give clear algorithms for action, but instills the need to change the attitude towards money, securities, and work with them.
The Intelligent Investor by Benjamin Graham
Even after the first edition in 1950, Warren Buffett himself blessed the book 'The Wise Investor', he did not refuse approval and recognition, and years later, having reached his fabulous state – so information from Benjamin Graham was relevant. The publication suffered 10 re-issues, each time the author introduced something new into them.
The 'Intelligent Investor' is a treasure trove of knowledge needed by the novice and experienced investor: information on investment policies, business principles and proper broker behavior. Graham examines the principles of portfolio policy, identifies promising investment objects and their search, predicts inflation rates, etc. The author became the idea of investing not for the sake of money, but for the sake of an idea that radically changes the attitude towards the process itself.
'Technical analysis. Complete Course ', Jack Schwager
The next book in the ranking 'Technical Analysis. The complete course 'can be used as a guide for a novice investor. It contains answers to questions that arise in the process of getting acquainted with the stock market, stocks, the course must be mastered before starting any activity in the financial markets.
Jack Schwager gives a detailed description of the mechanisms of the market, a thorough technical analysis of processes, forecasts, their advantages and disadvantages, considers all types of working systems: wave, candlestick, graphic and computer. All key concepts and methods are considered in detail and clearly, the author analyzes the typical mistakes of beginners and even business sharks using real examples, reveals the secrets of traps and false hooks.
After reading the book, a novice investor will learn how to properly build their own activities, make forecasts, remain calm in certain events, assess risks and determine the feasibility of investing. For professional traders and newcomers to the stock market 'Technical analysis. The complete Jack Schwager course will become a desktop reference that you can refer to when you encounter any at first glance incomprehensible situations.
'How to play and win on the stock exchange', Alexander Elder
The book 'How to Play and Win on the Stock Exchange' was written by professional broker, technical expert Alexander Elder, highlighting three factors of a successful trader: risk control, working methods and the psychological state of the player. They determine how successful the activity of a specialist will become, how justified his actions will be. Elder writes about emotional traps, the optimal approach to finding profitable deals, working with charts – a complete analysis of the exchange is given, beginners can easily learn how to do it on their own.
The uniqueness of the book is in the author's linking of analysis methods to the system of playing on the stock exchange, which brings a positive effect so that the amount on the account only increases. Equally important are the rules for limiting the risk, which will help you save money in case something goes wrong.
The book “How to play and win on the stock exchange” presented in the rating is the 14th edition, supplemented in accordance with the latest trends in the stock market.
'The Peter Lynch Method. The strategy and tactics of the individual investor ', Peter Lynch
Peter Lynch is known as one of the most successful financial analysts in the world, the author of unique formulas that have led many investors to a multi-million dollar fortune. Lynch's methods are based on the techniques of situation analysis and their assessment that are simple to learn and apply. The first task from the author – the reader's assessment of himself as an investor can be confusing, but it allows you to understand what qualities you need to work out for successful activities. Only after that, Lynch proceeds to an analysis of investment opportunities, talks about possible mistakes and methods of reading financial indicators.
Readers note the simple language of presentation of the material, the author's sense of humor, the completeness and usefulness of the information, useful advice from investment gurus. The book can be used as a reference for a beginner and experienced trader.
'The bond market. Analysis and Strategies', Frank Fabozzi
Frank Fabozzi's book contains a treasure trove of valuable information for bond finance professionals. It is used as a textbook in business schools and specialized universities, preparing and passing CFA exams, as a handbook for financiers.
'The bond market. Analysis and Strategies' contains complete information about bonds that any investor needs to know, discloses issues of types of issuers, maturities and significance of these securities. The reader will learn what a fixed and floating rate is, how to work with it, what bonds with embedded options are, and much more that needs to be considered when working with different types of securities.
The latest edition of the book provides an update on collective investment by companies in fixed income instruments, determining the importance of the credit spread of corporate bonds, with a focus on fulfilling the growth of pension funds with fixed payments. The manual is suitable for use as a reference by banking professionals, brokers, advanced and novice investors, students and teachers.
'Path of the Turtles. From Amateurs to Legendary Traders', Curtis Face
The Turtle program is a unique experiment that was conducted by 2 traders (one of them is the author of the book), making a bet: one claimed that any person could be taught to trade, the other was inclined to think about successful work only as professional experienced securities traders. Traders invited several newcomers and provided them with a starting deposit, forbidding them to talk about the upcoming experience for 20 years. As a result, after a few years, all the 'experimental' increased their account balance by an average of 80% per annum, which became a vivid example of the independence of experience from the dynamics of affairs, and the 'Turtle' program, according to which the participants were trained, showed high efficiency.
Curtis Face talks about the principles of selection of potential test subjects, provides an analysis of the working algorithms of the Turtles, reveals the trading secrets that he uses in successful securities trading.
Liar's Poker by Michael Lewis
The book “Poker of Liars” is the story of one hero who in 2 years has gone from an intern to the heights of trading success. The ruthlessness and frankness with which he goes to his goal are amazing, show how different the motivation of different people can be on the way to the tasks set. There is a lot of satire in the book, which in the best way helps to show the entire inner kitchen of the once one of the largest companies Salomon Brothers. The excesses of Wall Street are accurately displayed, especially clearly manifested just in the 80s of the last century.
Lewis not only shows the path of a specialist, he broadcasts the psychology thanks to which the hero came to success, and how acceptable it is for each person is the second question.
There is no exact theory in the book, “Poker of liars” is rather a documentary reading, showing the history of an investment bank.
'Quants. How math wizards made billions and nearly crashed the stock market ', Scott Patterson
The book about the managers of the stock market closes the rating. It will open the curtain on the secrets of economic crises and the future of the world economy.
The book “Quantums” tells about the formation of algorithmic funds on the example of the development of Renaissance Technologies. Few people think that behind all these manipulations and calculations there are people, talented, and not always fully appreciated. They are discussed in the book, in particular about their life path. Peter Mueller, Jim Simons, Ken Griffin, Cliff Asness – the mathematicians who ruled the trillion dollar fortune – were partly the cause of the 2008 crisis.
The book reveals the way of thinking of the world's talented traders, their reaction to the loss of money and the economic crisis, which is approaching the collapse of all capital. Where are they now, these people? The answer to this question is also in the book.
Attention! This rating is subjective and does not constitute an advertisement and does not serve as a purchase guide. Before buying, you need to consult with a specialist.