MintGenie lists 7 books a new investor needs to read

Investors new to the stock markets can find this very intimidating. Learning new terms, concepts, building a portfolio, and picking the right stocks can very easily confuse a new investor.

As in any other discipline, it is necessary to understand the basic concepts in order to master the science of investing. Although everything about investing is now available on the internet, it may still not be very clear for a beginner.

Going back to the books to get the basics is the better way. Books by experts or fellow investors who have successfully mastered this discipline can give you a better understanding of the concepts.

There are a number of books on the topic of “investing for beginners”. Let’s take a look at 7 must-read books to better understand the concept of investing.

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The Intelligent Investor by Benjamin Graham

First published in 1949, the teachings of the book are still very pertinent in today’s stock market environment. Referred to as the “bible” of investing by many experts, this book is one of Warren Buffett’s most popular investing books.

The book contains many core principles and the importance of investing for the long term and essentially focuses on the “value investing strategy”. This is the practice where investors buy stocks that are undervalued by the market but have good fundamentals and robust growth potential. This book is a layman’s guide to value investing.

Even if the book is more than 70 years old, the basics explained in it are still highly topical. It advises investors to analyze a company’s earnings and ignore outside noise before investing in a stock. It also explains tools that are essential for such an analysis.

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The Little Book of Smart Investing by John C. Bogle

This is another classic investing guide that focuses mostly on index funds. For new investors who are afraid of high risks, index funds are the safer route.

The author shows strategies to get more out of cheap index funds. The book focuses mainly on long-term wealth creation and explains a very effective and simple investment strategy.

The book does a great job of explaining the power of compounding and how it’s beneficial in index funds and why it’s better to invest long-term than short-term. There are tips and strategies to make low-cost index funds work for you. Bogle also wrote Common Sense on Mutual Funds and Enough.

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The Way of Warren Buffett by Robert G. Hagstrom

This is another very interesting book that explains in detail the investment strategies of one of the greatest investors – Warren Buffet.

It gives an in-depth look at the top investor and how you can invest successfully if you invest like him. It looks at Buffett’s approach to investing and how a regular investor uses it to generate higher returns, in very easy-to-understand language. It is one of the most popular books for anyone interested in getting started investing as well as investors who are already part of the stock markets.

A few lessons for investors and managers from Warren Buffett

Written by the Oracle of Omaha Warren Buffet, this book explains his principles and strategies in investing. It is a collection of his wisdom and philosophies that help him succeed. The book also explains different investment strategy options and which ones to use when.

In addition to looking at investing, this book examines in detail how Buffett works and prefers to run his business.

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