The Best Investing Books of All Time for Beginners (2024)

All successful investors and businessmen are avid readers.

Bill Gates reads about 50 books a year, while Warren Buffet read up to 1,000 pages of material daily at the start of his investing career. Mark Cuban reads for 3 hrs daily, not to mention Elon Musk, who read his way into learning how to build rockets.

If you want to follow in their tracks, you’ve got to develop a reading culture and become a passionate searcher of knowledge.

Reading the best investing books can help you tap into the wisdom of successful investors, learn their investing strategies, avoid mistakes, and build your spiritual and mental capacity to accommodate resources.

In this post, I present you the top 15 investing books that will help you develop the right mindset and start or continue your investment journey with confidence.

Table of Contents show

Best Investment Books for Beginners

Below is a rundown of the best investing books of all time.

1. The Intelligent Investor

The Intelligent Investor is one of the best investing books for value investing, and its author, Benjamin Graham, is reputed as one of the most influential investors of the 20th century.

Over the years, the book has come to be accepted as the stock market bible, and its wisdom in developing long-term investment strategies has been tested and applied by some of the most successful investors, including Warren Buffet.

You’ll learn the following:

  • How to be a successful investor regardless of the market conditions.
  • How to avoid risks and make money in the stock market
  • How to overcome emotions, avoid speculation, and develop long-term strategies.

The book is ranked as a #1 best seller on Amazon, and you can get it for about $18.

2. The Simple Path To Wealth

Written by J.L. Collins, The Simple Path To Wealth is one of the best investing books for beginners.

The author focuses on opening your mind to a better way of thinking about money and wealth in humorous language that’s easy to understand and implement.

The book touches almost every area of personal finances and is presented as a road map to financial independence, which is key to leading a rich, free life.

You’ll learn the following:

  • Debt and how to avoid or deal with it
  • How to think about money as the basis of building wealth
  • The stock market, and how to invest in bull, or bear market
  • Wealth building and wealth preservation, and more

You can get the book on Amazon for about $18.

Related: Find the best personal finance apps.

3. The Little Book of Common Sense Investing

The Little Book of Commons Sense Investing is one of the best investing books to read for buy and hold investors.

It is written by John C. Bogle, the creator of the first index fund, and the founder of the Vanguard Group.

Bogle points you to a simple strategy of investing in low-cost index funds as a surefire way to guarantee your fair share of the stock market returns.

You’ll learn the following:

  • To avoid the zero-sum game of trying to beat the market
  • Building and holding a diversified portfolio of stocks
  • The 3 sources of market returns
  • How to harness the magic of compound interest

You can get the book on Amazon for about $14.

4. Common Sense on Mutual Funds

If you want an extensive guide on investing in mutual funds, Common Sense on Mutual Funds is one of the best investing books to read.

In this book, John C. Bogle advises investors against the costly, complex technical strategies Wall Street gurus use in favor of a simple, long-term strategy of a low-cost, broadly diversified portfolio of index funds that wins in the long run.

You’ll learn the following:

  • How to build a winning mutual investment portfolio in today’s turbulent markets
  • The timeless principles of investing in any type of market
  • Regulatory and structural changes in the mutual fund industry

Get it on Amazon for about $21

5. A Random Walk Down Wall Street

A Random Walk Down Wall Street is among the best stock market investing books that present a time-tested investing strategy for your portfolio.

In this book, Burton G. Malkiel, a successful investor, and financial advisor delve deep into the American financial markets and how they work.

He then helps you understand the term “the Street” and how to navigate it with a well-researched, time-tested investment strategy.

You’ll learn the following:

  • How you can beat professional portfolio managers who use sophisticated techniques with a low-cost, diversified index of international securities.
  • The futility of technical analysis
  • How to analyze the potential returns of different market securities.
  • Step-by-step guidance on protecting and growing your hard-earned money.

You can get it on Amazon for about $18.

6. The Essays of Warren Buffett

The Essays of Warren Buffet is among the best investing books of all time that’s great for anyone who wants to tap into Buffet’s investing philosophy and thoughts.

The book is a collection of Warren Buffet’s shareholder letters arranged topically by Lawrence Cunningham, one of the longest-serving Warren experts.

Perusing it, you’ll find unmatched insight into the investing principles, thoughts, and views of the world’s most legendary value investor, including:

  • Valuing and picking good businesses to invest in
  • Good corporate governance
  • Selecting smart managers

You can get it on Amazon for about $35

7. Fooled by Randomness

Fooled by Randomness is a great investing book for traders and business people.

The author, Nassim Nicholas Taleb, is a renowned veteran trader and risk expert who tries to bring out the influence of happenstances and our beliefs about luck and skill in a world we don’t fully understand.

You’ll learn the following:

  • How we perceive and deal with luck in life and business.
  • How luck is mistaken for skill in the world of trading
  • How we underestimate the influence of chance in our lives

You can read the book on Amazon Kindle for about $15.

8. The Four Pillars of Investing

Written by William J. Bernstein, The Four Pillars of Investing is one of the best investing books of all time.

The author lays out the pillars of building a solid portfolio with little effort and without requiring financial advisors, great intelligence, or good luck.

Using real-life examples, he helps you determine your financial goals and build an investment strategy that will help you create long-term wealth.

You’ll learn the following:

  • The history of the stock market
  • The investor’s and the market’s psychology
  • The relationship between risk and reward
  • A program for building wealth while controlling risk
  • The dangers of taking financial advice from investment salespeople

You can get the book on Amazon for $16.

The Best Investing Books of All Time for Beginners (1)

9. Richest Man in Babylon

The Richest Man in Babylon is among the best investing books of all time that’s beloved by millions and hailed as a great source of inspiration in personal finance circles.

The author, George S. Clason, uses ancient Babylonian parables to reveal the secrets to personal wealth and prosperity and the solutions to personal financial struggles.

Through fascinating and entertaining tales, he lays out the universal laws of prosperity as discovered and applied by the ancient residents of Babylon, who ended up becoming the most prosperous people of their time.

You’ll learn the following:

  • How to build savings little by little from your earnings
  • How to have your money work for you
  • How to make wise investments
  • How to protect your investments

Get it on Amazon for about $7

10. The Millionaire Teacher

The Millionaire Teacher stands among the best investing books for beginners who want to make up for financial literacy that’s rarely taught in schools.

The Author, Andrew Hallam, was a high school teacher who rose to millionaire status following simple financial fundamentals and a passive investing strategy.

You’ll learn the following:

  • Nine rules of wealth to gain financial literacy and make smart investment decisions
  • How to achieve financial independence through smart investing
  • Avoid get-rich-quick schemes or trendy investments peddled by self-serving industry players.
  • Passive investing in index funds
  • Dollar-cost averaging vs lump-sum investing
  • Robo-advisors and how to find the right financial advisor

The book is available on Amazon for about $11.

11. The Millionaire Next Door

Written by Thomas J. Stanley, The Millionaire Next Door is among the best investment books to read by anyone who wants to build a wealth mentality and character.

The author spent two decades studying the traits of millionaires to uncover how the rich get rich and lays out the frugal life of millionaires, which makes it possible for them to save and invest money.

You’ll learn the following:

  • How the traits of millionaires are opposed to those of the majority
  • That you don’t need an advanced degree or inheritance to get rich
  • How a flashy lifestyle minimizes your chances of becoming rich
  • How to bargain-shop for big-ticket items to save money to invest

The book is currently selling on Amazon for about $13.

12. Reminiscences of a Stock Operator

Written by Edwin Lefevre, Reminiscences of a Stock Operator is a top investing book for traders that have been accepted in the trading community as a trading textbook by most traders.

It’s a story of Jesse Livermore’s trading career, a Wall Street superstar who made $28 million in a year, lost it all, and made a comeback to make $73 million.

In its chapters, you’ll find interview-based, long statements from Livermore as he talks about his trading journey.

You’ll learn the following:

  • The psychology of trading
  • How to figure out the best stock to buy and when

The book is available on Amazon for about $13.

13. The Little Book That Beat The Market

Written by Joel Greenblatt, The Little Book That Still Beats The Market stands among the best value investing books.

The author delves into the basic principles of value investing using a long-term strategy that holds through good and bad times in the stock market.

He then presents a formula that if understood and applied correctly, ultimately beats the market and expert fund managers by a wide margin.

You’ll learn the following:

  • The basic principles of successful stock market investing
  • How to find and invest in good businesses when available at a bargain
  • Why success eludes most professional and individual investors
  • A time-tested formula for buying great companies at below-average prices.

You can buy the book on Amazon for $15.

14. Thinking Fast and Slow

Thinking fast and slow is among the best books on investing for anyone who wants to learn about the psychology of investment.

The author, Daniel Kahneman, lays out the natural biases that affect our judgment when making business/investment choices or other choices in our personal lives.

You’ll learn the following:

  • The two systems that drive our thinking and how they affect our choices
  • How to trust your intuitions by tapping into slow thinking
  • How to protect against mental biases that can lead to wrong choices

You can read the book on Amazon for free.

Rich Dad Poor Dad

Written by Robert T. Kiyosaki, Rich Dad Poor Dad is reputed as one of the best investing books of all time.

It features the story of the author growing up with two fathers, and how they had different mentalities and views about money, which ultimately determined their financial destiny.

You’ll learn the following:

  • Poverty vs wealth mentality
  • Burst the myth that you need a high income to become rich
  • Difference between an asset and a liability
  • How the education system conditions you to work for money
  • Working for money vs having money work for you
  • What to teach your children about money to guarantee their financial success.

Get it on Amazon for about $7

Best Books for Investing: Conclusion

There you have it! Go ahead and put your Amazon kindle to work, or order the hard copy and have it delivered to your address.

You can also stroll to the nearby bookshops and make a purchase or even visit the nearby library to see whether they have a few copies available.

Whatever you do, keep reading!

As an avid investor and enthusiast of both financial literacy and continuous learning, I bring to the table a wealth of firsthand experience and a deep understanding of the principles outlined in the article. Allow me to dissect and provide insights into each concept mentioned:

  1. Value Investing and Benjamin Graham's "The Intelligent Investor": This seminal work by Benjamin Graham, often referred to as the "stock market bible," lays down the foundational principles of value investing. Graham's teachings, which emphasize long-term strategies and risk mitigation, have been instrumental in shaping the investing philosophies of legendary investors like Warren Buffett.

  2. Financial Independence and J.L. Collins' "The Simple Path to Wealth": J.L. Collins presents a clear roadmap to financial independence in this book, addressing crucial topics such as debt management, investing in the stock market, and wealth preservation. His approach, delivered in accessible language, resonates with beginners and seasoned investors alike.

  3. Index Fund Investing and John C. Bogle's "The Little Book of Common Sense Investing": John C. Bogle, the founder of Vanguard Group, advocates for the simplicity and effectiveness of index fund investing. His book outlines the rationale behind this strategy, stressing the importance of low-cost, diversified portfolios for long-term success in the market.

  4. Mutual Fund Investment Strategy and John C. Bogle's "Common Sense on Mutual Funds": Building upon his advocacy for index fund investing, Bogle provides comprehensive guidance on constructing winning mutual fund portfolios. His emphasis on simplicity and long-term thinking challenges conventional wisdom in the finance industry.

  5. Market Efficiency and Burton G. Malkiel's "A Random Walk Down Wall Street": Malkiel's book offers insights into the efficient market hypothesis and advocates for a passive investing approach through index funds. By debunking common myths and providing evidence-backed strategies, he empowers investors to navigate the financial markets with confidence.

  6. Warren Buffett's Investment Philosophy in "The Essays of Warren Buffett": Compiled by Lawrence Cunningham, this book offers a treasure trove of wisdom distilled from Warren Buffett's annual shareholder letters. Delving into Buffett's timeless principles, it provides invaluable lessons on business valuation, corporate governance, and prudent investing strategies.

  7. Understanding Luck and Skill in "Fooled by Randomness" by Nassim Nicholas Taleb: Nassim Nicholas Taleb challenges conventional notions of success and skill in this thought-provoking book. By exploring the role of randomness and our perception of luck, he prompts readers to reassess their approach to risk and decision-making in both life and business.

  8. Investment Strategy and Portfolio Construction in "The Four Pillars of Investing" by William J. Bernstein: Bernstein's book lays out a comprehensive framework for building resilient investment portfolios. By examining the historical context of the stock market and delving into investor psychology, he equips readers with the tools to navigate complex financial landscapes.

  9. Personal Finance Principles in "The Richest Man in Babylon" by George S. Clason: Drawing on ancient parables, Clason distills timeless principles of personal finance, emphasizing the importance of saving, investing wisely, and fostering financial discipline. His narrative approach makes financial wisdom accessible to readers of all backgrounds.

  10. Financial Literacy and Passive Investing in "The Millionaire Teacher" by Andrew Hallam: Andrew Hallam's journey from a high school teacher to a millionaire investor underscores the transformative power of financial literacy and passive investing. Through practical advice and real-life examples, he empowers readers to take control of their financial futures.

  11. Wealth-Building Mindset in "The Millionaire Next Door" by Thomas J. Stanley: Stanley's research on the habits of millionaires reveals the importance of frugality, discipline, and long-term thinking in wealth accumulation. By dispelling common myths about wealth, he reshapes readers' perceptions of success and financial independence.

  12. Trader Psychology and Strategies in "Reminiscences of a Stock Operator" by Edwin Lefèvre: Through the story of Jesse Livermore, this book offers invaluable insights into trader psychology and market dynamics. Livermore's experiences highlight the importance of emotional discipline and adaptive strategies in navigating volatile markets.

  13. Value Investing Principles in "The Little Book That Still Beats the Market" by Joel Greenblatt: Joel Greenblatt distills the essence of value investing into a simple yet powerful formula for beating the market. By focusing on fundamental principles and long-term value creation, he offers a compelling alternative to conventional investment approaches.

  14. Behavioral Economics in "Thinking, Fast and Slow" by Daniel Kahneman: Kahneman's groundbreaking work sheds light on the cognitive biases that influence decision-making in finance and beyond. By understanding the interplay between instinctive and deliberative thinking, readers can mitigate irrational behavior and make more informed choices.

  15. Financial Education and Mindset Shift in "Rich Dad Poor Dad" by Robert T. Kiyosaki: Kiyosaki's narrative contrasts the contrasting financial philosophies of two father figures, offering profound lessons on wealth accumulation and asset management. Through anecdotes and practical advice, he challenges readers to rethink their attitudes towards money and investment.

In conclusion, the curated list of investing books provides a comprehensive foundation for readers at all stages of their investment journey. By absorbing the insights and strategies shared by renowned experts and practitioners, individuals can cultivate the knowledge, discipline, and mindset necessary for long-term financial success.

The Best Investing Books of All Time for Beginners (2024)


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