In this article, we will list the 30 best investing books of all time. If you want to skip our detailed analysis of best investing books, go directly to our list of 10 Best Investing Books of All Time.
It is no secret that a successful career as an investor requires reading. One of the most successful investors in the United States, Warren Buffet, recommends reading at least 500 pages daily, as CNBC noted.
Even if you want to invest as a side hustle, you will be better off making informed decisions based on knowledge. Reading increases your knowledge exponentially. It has a direct correlation with success, as countries where more adults reach higher literacy proficiency also have a higher per capita income, according to Reading Agency. The more you read, the more you know, and the better will be your chances of being successful.
While reading any book will help you in life, as an aspiring investor, you should focus on investing books. However, with the plethora of investing books, it can be daunting to make a choice. So, we gathered recommendations from leading online finance and investment publications and compiled a list of the best investing books which contain contemporaries and the classics.
Talking about classics, do you know who was the guru of Warren Buffet? Hint: he is also the author of the best investing book of all time.
Benjamin Graham, Warren Buffet, and Value Investing
Benjamin Graham was an influential investor and Warren Buffet’s Guru. His book, The Intelligent Investor, is considered one of the best books on investing. Born in 1984, Benjamin Graham is also considered the pioneer of fundamental analysis. His family moved from London to the United States, where they lost all their money. He then attended Columbia University on scholarship, where he also taught later.
Benjamin Graham is called the father of value investing. He was a supporter of efficient markets, which present an opportunity in the form of undervalued stocks. These markets would eventually push the price of undervalued stocks to their intrinsic value. So, investing in undervalued stocks would bring high returns to the investor in the long run.
The practice of identifying undervalued stocks and investing in them is called value investing. Benjamin Graham’s book, The Intelligent Investor, talks about value investing strategies in detail.
The work and mentorship of Benjamin Graham resulted in the success of one of the best investors: Warren Buffet. He read The intelligent investor at the age of 20. Warren Buffet also became a student at Columbia Business School where he was mentored by Benjamin Graham and became a proponent of value investing.
Stocks that are currently valued but are expected to increase in price in the future are known as value stocks. These stocks are often cheaper than others. They are also less risky compared to stocks with huge valuations.
One of the bestprofitable value stocks to buy in 2023 is JPMorgan Chase & Co. (NYSE: JPM). JPMorgan Chase & Co. (NYSE: JPM) is a value stock because the company reported an unexpected 24.8% increase in earnings in the first quarter of 2023.
Another example of an undervalued stock in 2023 is ConocoPhillips (NYSE: COP). It is an oil giant and has recently revealed a 10-year plan, which will result in a 4% to 5% compound annual growth rate. The stock price of ConocoPhillips (NYSE: COP) is expected to increase in the future.
The Goldman Sachs Group, Inc. (NYSE: GS) is also one of the most profitable value stocks to buy right now. Its first-quarter earnings per share of 2023 beat the estimates by $0.69. The revenue of Goldman Sachs Group, Inc. (NYSE: GS), however, fell by 5.5% year over year in the same period.
Stocks like JPMorgan Chase & Co. (NYSE: JPM), ConocoPhillips (NYSE: COP), and Goldman Sachs Group, Inc. (NYSE: GS) are just a few examples of a plethora of value stocks. Graham’s book teaches us to identify these stocks to build a profitable portfolio.
The Intelligent Investor by Benjamin Graham is just one of the many great investing books available today. If you were to follow Warren Buffet’s advice of reading 500 pages every day, you would finish Intelligent Investor in less than two days. This is where our list comes in. Our top 30 best investing books will keep you occupied for a while.
We used a consensus method to rank the best investing books. For this list, we relied on a total of five (1,2,3,4,5) sources. We awarded one point each time a source recommended a particular book.
Books that had identical scores were ranked based on their Amazon ratings. We multiplied the number of ratings and the average ratings on Amazon. Books that had a higher multiple were ranked higher.
30 - The Little Book That Beats the Market
Insider Monkey Score - 1
The Little Book that Beats the Market, by Joel Greenblatt, presents a strategy for picking out companies to invest in. The book does not delve into investing philosophies and stories; it is all about action.
29 - Business Adventures
Insider Monkey Score - 1
Business Adventures is a collection of essays that deal with financial and corporate life in the United States. It teaches readers how to invest in the stock market.
28 - Fooled by Randomness: The Hidden Role of Chance in Life and the Markets
Insider Monkey Score - 1
Fooled by Randomness was written by Nassim Nicholas Taleb in 2001. As an experienced quantitative trader and mathematical researcher, Taleb’s book explains the randomness in life and the stock market.
27 - Rich Dad's Guide To Investing
Insider Monkey Score - 1
The title of Rich Dad’s Guide to Investing by Robert Kiyosaki is self-explanatory. This book gives an insight into how the wealthiest people invest and suggests ways to follow their example. The book also talks about building one’s own business and investing in it.
26 - The Book on Rental Property Investing
Insider Monkey Score - 1
The book on Rental Property Investing by Brandon Turner is ideal for people with low-risk appetites. It offers stories and details related to investing in rental properties. The book also offers some useful tips that anyone can start implementing today.
25 - One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
Insider Monkey Score - 1
This book by Peter Lynch can help you take your investment game to the next level and beat the pros. One Up on Wall Street is suitable for amateur investors and teaches them to identify investment opportunities in unconventional ways.
24 - The Millionaire Next Door
Insider Monkey Score - 1
The Millionaire Next Door is one of the best investment books of all time. If you want a step-by-step guide on investing, The Millionaire Next Door is not the best book for you. Written by Thomas J. Stanley in 1996, this book teaches people how wealthy families operate.
23 - I Will Teach You To Be Rich
Insider Monkey Score - 1
Ramit Sethi’s I Will Teach You to Be Rich is a great book for those wishing to improve their finances. It is a personal finance book that offers valuable insights about investing.
22 - A Beginner's Guide To The Stock Market: Everything You Need To Start Making Money Today
Insider Monkey Score - 1
Those who know nothing about the stock market but have the curiosity and drive to learn will love this book by Mathew Kratter. It teaches everything from stock market fundamentals to pitfalls to avoid.
21 - The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Insider Monkey Score - 2
Learning from successful people can be quite effective. The Outsiders by William N. Thorndike looks at the investment strategies of CEOs that performed extraordinarily well over several years.
20 - Principles
Insider Monkey Score - 2
Principles, by Raymond Dalio, is one of the top investment books of all time. It is a book that offers insights into how we choose to live our lives. As an investor and hedge fund manager, Ray Dalio also shares tips to invest smartly.
19 - Irrational Exuberance
Insider Monkey Score - 2
One of the recurring phenomena associated with the Stock market is the creation of investment bubbles. They are caused by ‘Irrational Exubberence’ or enthusiasm by investors. Irrational Exuberance by Robert J. Shiller gives an insight into this subject matter so you can learn how to identify and navigate the bubbles.
18 - You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Insider Monkey Score - 2
You Can Be a Stock Market Genius by Davvy Hsu offers insights about investing in the form of case studies. This book is perfect for sparking an interest in the stock market.
17 - Beating the Street
Insider Monkey Score - 2
Beating the Street is the second book on our list by Peter Lynch. As a successful money manager, Peter Lynch shares his strategies for investing. Beating the Street happens to be among the best timeless investment books.
16 - The Bogleheads’ Guide to Investing
Insider Monkey Score - 2
The Bigglehead’s guide to investing is all about creating passive income through investments. It is written for novice investors and makes investing and managing portfolios easier for people.
15 - Market Wizards
Insider Monkey Score - 2
Market Wizards by Jack D. Schwager is a collection of interviews with successful stock market traders. The book offers insight into trading and is packed with valuable information.
14 - The Dhandho Investor
Insider Monkey Score - 2
Monish Pabrai’s Dhandho Investor is a book about value investing. It is packed with tips, wisdom, and a guide on how to create a value stock-based portfolio. It is one of the best books for investment.
13 - The Black Swan: The Impact of the Highly Improbable
Insider Monkey Score - 2
This book by Nassim Nicholas Taleb deals with the topic of the uncertainty of nature and focuses on the extreme effect of unpredictable events. It contains valuable lessons about the fact that reliance on investment models can fail to deliver consistent results.
12 - Antifragile
Insider Monkey Score - 2
Antifragile is the third book in our list written by Nassim Nicholas Taleb. The book teaches its readers about navigating an uncertain world, which also includes investing in the stock market.
11 - The Simple Path To Wealth
Insider Monkey Score - 2
The Simple Path to Wealth by Jim L. Collins is a guide to achieving financial freedom. This book offers a simple step-by-step guide to investing enough to be financially free. Its among the best investing books of all time.