In this article, you’ll find a selection of excellent books to delve into the intricacies of the stock market. I’ve included a variety of titles suitable for both beginners and those with a bit more experience. After all, in the world of stock trading, there’s always something new to learn. This collection covers everything from psychology and fundamental analysis to technical analysis, providing a well-rounded education in the realm of stocks.
Top 10 Best Books to Learn to Invest in the Stock Market
Below, we have brought you a compilation of the best books to study about investment in the fund.
|Top 10 best books to learn to invest in the stock market|
|One up in Wall Street by Peter Lynch|
|Living from trading by Alexander Elder|
|Tomorrow’s Gold: Asia’s age of discovery by Marc Faber|
|Analysis of Financial Markets by John J. Murphy|
|The fabulous world of money and the stock market by André Kostolany|
|The Intelligent Investor by Benjamín Graham|
|The Great Crash 1929 by John Kenneth Galbraith|
|Market Wizards by Jack D. Schwager|
|Good Investor’s Manual: Everything You Need to Know to Act on the Stock Market Like a True Professional|
|The Little Book That Beats the Market|
#10 Tomorrow’s Gold: Asia’s Age of Discovery by Marc Faber
Tomorrow’s Gold is a book about Asia’s economic growth written by Marc Faber. In the book, Faber argues that Asia is in the midst of an economic boom that will eclipse the West’s own industrial revolution. In fact, he argues that the West will no longer be the center of the global economy and that Asia is poised to dominate in the 21st century.
Tomorrow’s Gold offers a keen look at Asia’s rise and its implications for the future of the global economy, but it also examines the challenges facing Asia, such as environmental degradation and poverty.
In short, Tomorrow’s Gold offers a unique perspective on the Asian continent and its potential for growth and prosperity.
A must-read for anyone interested in understanding Asia’s rise. It is very remarkable the exceptional collection of historical charts on financial markets.
#9 The Fabulous World of Money and the Stock Market by André Kostolany
The Fabulous World of Money and the Stock Market is a book by André Kostolany that offers readers a keen and entertaining look at the world of finance.
Kostolany was a successful investor and entrepreneur, and his book draws on his own experiences to offer readers valuable lessons on investing and financial success. As such, the book covers a wide range of topics and is packed with information on:
- Investment Psychology.
- Stock Market Mechanics.
- The importance of risk management.
- Information on topics such as stocks, bonds and investment strategies.
The book also includes case studies of successful investors, which are both inspiring and informative, such as the Jewish investor born in Hungary, George Soros, one of the greatest speculators in European history who survived both world wars and several stock market crashes.
#8 The Great Crash 1929 by John Kenneth Galbraith
The Great Crash of 1929 is a book by John Kenneth Galbraith about the stock market crash of 1929 and the Great Depression that followed. The book was first published in 1954 and has been re-edited several times. In it, Galbraith argues that the fall of the stock market was caused by the following factors:
- Irrationality of mass psychology.
- Speculation with huge leverage.
- Unequal distribution of income.
- Government intervention through the regulation of the economy
In addition, the book also addresses ways to prevent future depressions.
Still, although time has passed and some aspects of the book may be somewhat outdated, it remains an important work of economic history.
If you are just starting to invest in the stock market or want to improve your investments, check out this article to learn everything you need to know about the Stock Exchange.
#7 Good Investor Manual: Everything You Need to Know to Act on the Stock Exchange Like a True Professional
Good Investor Manual, by José Fernández Hodar: everything you need to know to act on the stock exchange like a true professional, is an essential reading for anyone interested in making a career in the stock exchange.
The book covers everything from the fundamentals of how the stock exchange works to more advanced topics such as risk management and investment strategies. In addition, the author offers first-hand advice and suggestions on how to be a successful stock operator.
On the other hand, the book also contains abundant information about the history of the stock market and its evolution over time.
Written by José A. Fernández Hódar, this great manual already has more than 15 editions. In it you can learn the keys to investing from scratch. Focused on novice investors and the general public who want to start investing.
#6 The Little Book That Beats the Market
The Little Book That Beats the Market, by Joel Greenblatt, is a classic investment text that has helped countless people achieve success in the stock market.
The book focuses on Greenblatt’s so-called “magic formula” for investing, which he claims can outperform the market in the long run. Although the formula can be complex, the book does an excellent job of explaining it in simple terms, and is based on finding undervalued companies and investing in them for the long term to beat the market.
Overall, it offers practical advice on how to find those companies and invest in them, as well as a wide range of case studies and real-world examples to illustrate the power of the magic formula.
#5 Market Wizards by Jack D. Schwager
Market Wizards is a classic book on trading written by Jack D. Schwager. It consists of interviews with some of the most successful traders of the 1980s, including Jim Simons, Peter Lynch or Warren Buffet, who share their ideas, strategies, techniques, how they think and how they make decisions.
Market Wizards is essential reading for any serious trader, as it offers an insider’s view of how the best in the business operate. In any case, the book is not just for professional traders; it can also be useful for anyone who wants to learn more about the markets and how to trade effectively.
#4 Trading for a Living by Alexander Elder
Trading for a living is not as easy as it seems. To be successful, you need to have a solid understanding of the markets and be able to control your emotions.
Alexander Elder, author of this book, shares his ideas about effective trading methods to beat the market:
- Focus trading as a business
- Manage your capital so that a sequence of losses does not take us out of the market.
- Knowing how to set stops and take profits.
In this way, the author explains that most people who try to live from trading fail because they do not have a plan or a system, and do not follow their progress. As a result, they end up making careless mistakes that cost them money.
You also have to be disciplined and patient, and always remember that there are no shortcuts to success.
#3 Analysis of Financial Markets by John J. Murphy
It is considered by many people as the bible of technical analysis.
In it, Murphy offers a detailed analysis of the various forces driving financial markets:
- Economic indicators.
- Political events.
- Market psychology.
- And above all, an exhaustive explanation of technical analysis and its potential to predict future market movements.
He believes that prices are governed by the forces of supply and demand, and that understanding these forces can provide information about future price movements. Murphy’s book is full of detailed charts and explanations of how technical analysis can be used to predict market trends.
Although some readers may find Murphy’s style dense and challenging, it is an essential book to fully understand the keys to good technical analysis.
#2 One up in Wall Street by Peter Lynch
One up on Wall Street, by Peter Lynch, is a book that offers a vision of the world of investment. It covers a range of topics, from how to choose stocks to when to sell them, where one of the most important lessons Lynch imparts is the importance of research.
He emphasizes that investors should never put their money into a company without first doing their homework, this means taking the time to understand the company, its finances and the sector it operates in.
By thoroughly researching, investors can minimize the risk of losses and maximize their chances of making profits.
It is noteworthy that Peter Lynch is the legendary manager of the largest and best American stock fund for several decades until the 90s, Fidelity Magellan.
#1 The Intelligent Investor by Benjamin Graham
The Intelligent Investor by Benjamin Graham is considered a classic work on investment and according to Warren Buffett is possibly the best book on investments ever written. First published in 1949, the book has sold over one million copies and is still being printed today.
In the book, Graham outlines his philosophy of value investing, which is based on the idea of buying stocks that are selling for less than their intrinsic value, that is, discovering those stocks that the market has undervalued.
Although there are many different ways to measure intrinsic value, Graham’s approach focuses on the following factors:
- The power of benefits.
- The potential for dividend growth.
- The solidity of the balance.
- The importance of diversification and risk management.
Graham’s ideas are as relevant today as when the book was published, something that shows that those who were winners on the stock market 50 years ago would still be today.
More books to learn how to invest in the stock market
Other books to learn how to invest in the stock market:
- Reminiscences of a stock operador by Edwin Lefèvre
- This Time is Different: Eight Centuries of Financial Folly Carmen M. Reinhart & Kenneth Rogoff
- The age of turbulence: Book of reflections by Alan Greenspan
- A Historic Takeover by J.Taylor
- Lions Against Gazelles by José Luís Cárpatos
- Seeking Wisdom
- The Art of Thinking Clearly
- Financial Psychology
- Your Money and Your Brain
- How to Invest in the Stock Market in the Long Term from Zero: Get the Retirement You Deserve
- Security Analysis
- Know the Stock Market and Stop Being Afraid: Everyone Can Learn to Invest in the Stock Market
- Ordinary Shares and Extraordinary Benefits: Or Conservative Investors Sleep Well
- One Step Ahead of Wall Street
- Technical Analysis and Japanese Candles for Medium and Long-Term Investors from Zero
- Secrets to Win in Bull and Bear Markets
This Time is Different: Eight Centuries of Financial Folly Carmen M. Reinhart & Kenneth Rogoff
An excellent historical work analyzing major economic crises that demonstrate the repetitive character of the human mind and its similar errors in all crisis periods.
A Historic Takeover by J.Taylor
This book is a very interesting account of the internal workings of the Walt Disney company, during the period it suffered the launch of a Takeover hostile. I learned a lot about the strategies that a company’s management can apply to defend itself.
Lions against Gazelles by José Luís Cárpatos
This thinkpiece from Jose collects knowledge about technical analysis of financial markets with numerous practical examples. It also introduces notions about fundamental analysis and all the keys to interpret the data of the economic calendar that influence daily quotations.
”He who commits a mistake and does not correct it, commits another mistake. – Confucius”. This is how this book begins, which poses the following questions: Why do we behave as we do? What do we expect from life? What interferes with our goals? This document offers a wonderful multidisciplinary exploration of knowledge that will change the way of thinking and acting in business and in the life of those who read it.
The Art of Thinking Clearly
Have you ever sold stocks too soon or invested time and money in a project that eventually turned out to be a disaster? This book in 99 brief and practical chapters describes the most common errors when thinking and reasoning that people like you and I usually make in our day to day. Understanding why can change the result.
In this book, James Montier analyzes some of the most important behavioral problems faced by investors, and explains how the most common psychological barriers can affect investment decisions, turning them into a failure. To do this, the book will talk about a series of tools to identify and avoid this type of situation.
Your Money and Your Brain
Why do intelligent people make stupid financial decisions? How can they avoid it? This book, through psychology, neuroscience and economics, offers us a better understanding of the process of making financial decisions and the main mistakes we make in it.
How to Invest in the Stock Market for the Long Term from Scratch: Get the Retirement You Deserve
What this book teaches us is that few people get rich by investing little time in the Stock Market, but it is very possible to generate long-term profit by applying certain basic rules.
This book is considered the best work of Benjamin Graham, in which he explains the different investment values, characteristics, advantages, and disadvantages. It tries to help any type of investor to base themselves on solid and reliable ideas without basing themselves on irrational decisions.
Get to know the Stock Market and stop being afraid: everyone can learn to invest in the Stock Market
In this book the most frequent questions people have about stock investment are answered. Since it is known that it is more profitable and flexible than any other investment such as fixed income or real estate.
Ordinary shares and extraordinary benefits: or conservative investors sleep well
Advice such as increasing values or developing a solid and useful philosophy are detailed in this book. In addition to explaining when to sell and when to buy, choosing the best time to do so.
One step ahead of Wall Street
Financial success explained by Peter Lynch. He explains how to get the same returns as professional investors due to the investment opportunities available to everyone. As the title suggests, always try to stay ahead of what is happening on Wall Street. The much sought after 10-baggers is what is known as multiplying the return by 10 that has been made before, as he says, to go from a correct portfolio of stocks to a star portfolio.
Technical Analysis and Japanese Candles for Medium and Long Term Investors from Scratch
This phenomenal book in which it explains how to carry out a good technical analysis and understand how Japanese candles work in the world of trading. It is not true that technical analysis is only for professionals and those who are good at mathematics, this book shows us the opposite. Logic and common sense are needed.
Secrets to Win in Bull and Bear Markets
This Stan Weinstein masterpiece gives us some basic indicators to start investing and know and analyze how our investments are working.
Do you think the books on the blog are good? Do you recommend any book that is missing here?
Why should I read books to learn to invest?
Reading books on investing in the stock market can provide valuable insights, strategies, and knowledge that can help you become a more informed and successful investor.
How can knowledge from books help me?
Absolutely! To put the knowledge you gain from investment books into practice for informed decisions, start by setting clear financial goals. Understand your own risk tolerance – this helps you pick investments that align with your comfort level.
Where can you buy books to learn to invest?
You can purchase these books from various sources, including online retailers like Amazon and bookstores. This article provides Amazon links for each book to make it easier for you to find and purchase them.