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If you want to become an above average investor with above average results you have to be willing to read and learn, there is no other way about it.
Although many bogus claims are being made trying to sell services promising quick profits, there are no secrets or simple tricks to great results. Gathering knowledge and putting it into action is the only thing that works, and that is true for most aspects of life.
Below you will find some of the books I have read and recommend anyone seeking to improve their skills as an investor to read.
I have also provided links to where you can buy them if you are interested. Most of them are affiliate links, that means if you click one of the links provided and buy the book, the store will have to pay me a small commission, at no extra expense to you of course.
Contrary to the impression you get from the title (seriously, man?), the book is very good.
It was written by fund manager Joel Greenblatt, who has been sporting returns of 50 percent per year for over a decade, completely smashing the market.
The strategies he covers in the book are not very common and probably not for the faint of heart, but results don’t lie.
He explains how to invest in special situations like spin-offs, restructurings, mergers, bankruptcies, and so forth. He does a great job showing you what to search for and provides many concrete examples.
Warren Buffett is one of the greatest investors of all time. Why not learn from the best?
Known for focusing on the businesses, not the market, investing has made him one of the wealthiest men alive.
The book, written by Robert Hagstrom who has spent a great deal of time studying Buffett, lays forth the twelve tenets to check off before investing in a business.
He also spends many pages going over Buffett’s most famous investments and what role the tenets played in deciding to invest.
If I could only suggest one book to read on investing, this is the one.
Legendary investor Warren Buffett even called it the best book on investing ever written.
The number of successful strategies built on the foundation Benjamin Graham laid in this classic text on investing is staggering.
Graham explains, among many other things, one of his greatest contributions to investing: the margin of safety.
He also makes it clear to the reader how successful investors must separate themselves from the majority and the majority’s view of the stock market.
You guessed it, the book is about contrarian investment strategies. The author shows you how to implement them and how they have beaten the market through the decades.
He also explains the most common behavioral mistakes in investing and why we tend to make them.
A large portion of the book is also spent debunking the efficient market hypothesis and modern portfolio theory, explaining why they are rubbish.
Probably the greatest body of knowledge on investing ever written.
The unimaginative title describes the book the best. It covers pretty much everything on analyzing balance sheets, income statements, bonds, and stocks in all their shapes and forms.
It is also in this book the authors coined the term “Margin of Safety.”
Although first published in 1934, after the great depression, most of it is more relevant than ever.