12 Books That Every Investor Should Read by Business Insider™ 2014

Title: The Intelligent Investor: The Classic Text on Value Investing

More than one million hardcovers sold Now available for the first time in paperback! The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles. Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

Author(s): Benjamin Graham

ISBN 13: 9780060752613
Pages: 304

This book is in (12) other book lists, learn more.

Title: The Little Book That Still Beats the Market

Can you spare three hours to learn how to beat the market? As unlikely as it may seem, hedge fund manager and professor Joel Greenblatt, whose investment firm has averaged 40% annual returns for over twenty years, can teach you how. You can achieve investment returns that beat the pants off even the best investment professionals and the top academics. In fact, you can learn how it's possible to more than double the annual returns of the stock market averages. But there's more. You can do it all by yourself. You can do it with low risk. You can do it without making any predictions, and you can do it by following, step by step, a time-tested, proven "magic formula" that uses only common sense and two simple concepts. Best of all, once you are convinced that it really works you can choose to do it for the rest of your life. A runaway bestseller even before it was published, The Little Book That Beats the Market shows how successful investing can be made easy for investors of any age. It's never too early or too late to start investing, and with Greenblatt as your guide you'll know exactly where to go and what to do. By following the clearly outlined simple steps and magic formula, you can achieve extraordinary long-term investment results with a very low level of risk.

Author(s): Joel Greenblatt

ISBN 13: 9780470624159
Pages: 208

This book is in (2) other book lists, learn more.

Title: Fooled By Randomness

Contends that randomness and probability have a large impact on life, claims that people regularly fail to recognize that role, and tells how to differentiate between randomness in general and the financial markets in particular.

Author(s): Nassim Taleb

ISBN 13: 9780812975215
Pages: 316

This book is in (6) other book lists, learn more.

Title: The Most Important Thing

This book explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.

Author(s): Howard Marks

ISBN 13: 9780231153683
Pages: 192

This book is in (3) other book lists, learn more.

Title: Common Stocks and Uncommon Profits and Other Writings

Here are solid guidelines on when and what to buy, sound reasons for selling common stock, as well as critical information on profit margins and dividends.

Author(s): Philip A. Fisher

ISBN 13: 9780471445500
Pages: 292

This book is in (7) other book lists, learn more.

Title: The Dao of Capital

Dazzling!" --Steve Forbes, Chairman and Editor-in-Chief, Forbes Media "This is a magnificent, scintillating book that I will read over and over again. Every page is eye-opening, with numerous areas for testing and profits in every chapter.

Author(s): Mark Spitznagel;Ron Paul

ISBN 13: 9781118347034
Pages: 332

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Title: The Outsiders

It's time to redefine the CEO success story. Meet eight iconoclastic leaders who helmed firms where returns on average outperformed the S&P 500 by more than 20 times.

Author(s): William Thorndike

ISBN 13: 9781422162675
Pages: 251

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Title: Misbehavior of Markets

Mathematical superstar and inventor of fractal geometry, Benoit Mandelbrot, has spent the past forty years studying the underlying mathematics of space and natural patterns. What many of his followers don't realize is that he has also been watching patterns of market change. In The (Mis)Behavior of Markets, Mandelbrot joins with science journalist and former Wall Street Journal editor Richard L. Hudson to reveal what a fractal view of the world of finance looks like. The result is a revolutionary reevaluation of the standard tools and models of modern financial theory. Markets, we learn, are far riskier than we have wanted to believe. From the gyrations of IBM's stock price and the Dow, to cotton trading, and the dollar-Euro exchange rate--Mandelbrot shows that the world of finance can be understood in more accurate, and volatile, terms than the tired theories of yesteryear.The ability to simplify the complex has made Mandelbrot one of the century's most influential mathematicians. With The (Mis)Behavior of Markets, he puts the tools of higher mathematics into the hands of every person involved with markets, from financial analysts to economists to 401(k) holders. Markets will never be seen as "safe bets" again.

Author(s): Benoit B. Mandelbrot;Richard L. Hudson

ISBN 13: 9780465043576
Pages: 328

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Title: Buffett

Chronicles Warren Buffett's childhood ambitions, Columbia Business School education, investment strategies, early investments, and affiliation with American Express, Berkshire Hathaway, and ABC.

Author(s): Roger Lowenstein

ISBN 13: 9780812979275
Pages: 482

This book is in (6) other book lists, learn more.

Title: Why Stocks Go Up and Down

Provides a sound understanding of the fundamentals of investing in stocks and bonds. The book details the basics of financial statements, public offerings, stock price valuation, cash flow and more.

Author(s): William H. Pike;Patrick C. Gregory

ISBN 13: 9780989298209
Pages: 431

Title: Bull!

Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s.

Author(s): Maggie Mahar

ISBN 13: 9780060564148
Pages: 528

This book is in (2) other book lists, learn more.

Title: Poor Charlies Almanack

Poor Charlie's Almanack contains the wit and wisdom of Charlie Munger: his talks, lectures and public commentary. And, it has been written and compiled with both Charlie Munger and Warren Buffett's encouragement and cooperation. So pull up your favorite reading chair and enjoy the unique humor, wit and insight that Charlie Munger brings to the world of business, investing and life itself. With Charlie himself as your guide, you are about to embark on an extraordinary journey toward better investment, decision making, and thinking about the world and life in general. Charlie's unique worldview, what he calls a 'multidisciplinary' approach, is a self-developed model for clear and simple thinking while being far from simplistic itself. Throughout the book, Charlie displays his intellect, wit, integrity, and rhetorical flair. Using his encyclopedic knowledge, he cites references from classical orators to eighteenth- and nineteenth-century European literati to pop culture icons of the moment while simultaneously reinforcing the virtues of lifelong learning and intellectual curiosity.

Author(s): Charles T. Munger;Peter D. Kaufman

ISBN 13: 9781578643660
Pages: 512

This book is in (4) other book lists, learn more.