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The Best Investment Books, For Every Investor
Hundreds of new investment books are published annually. Some of these books claim to be the investing equivalent of a miracle drug, helping you to get rich quick. Other books are full of principles that purport to be "tried and true." Some books are all about playing the market right now, and others are all about playing the market for the long term. Some of these books have been written by immensely successful investors, and quite frankly, others have been written by investors whose advice you would never take if you could see their portfolio. So the question becomes: How do I know which books are the right books? The answer to this question is actually quite simple: forget about all these books published in the last couple years, and go back to the ones that have stood the test of time. While there are certainly valuable books that have been published over the last few years, these long-standing books have been proven to be absolutely invaluable, and they will help you lay a great foundation. Whether you are a new investor or have been building your portfolio for ages, these three books are full of wisdom and advice that can help you moving forward. 1) The Intelligent Investor: This book by Ben Graham was published in 1934, and it is still considered a must-read for every investor. In fact, Warren Buffett has called this book "the best investing book ever written." 2) The Essays Of Warren Buffett: And speaking of Warren Buffett, this book contains his collected essays, arranged by topic and relevance. While you certainly cannot go wrong reading Buffett's thoughts on investing, this book is a great starting point, as it will help you in every area of investing. 3) Common Stocks And Uncommon Profits & Other Writings: Philip Fisher wrote this excellent collection of the fifteen qualities of an excellent business. These thoughts from one of the greatest financial minds in history will certainly aid you in expanding your own portfolio. Many people consider to the stock market to be something a lot like gambling, and they think anyone who makes money at it is just plain lucky, but by following the tips of these men who knew how to make the market work for them, you can start to do the same yourself.
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