Welcome to the money library, a definitive collection of every investing book out there that Chris has quality checked. Click the images to buy from Amazon. The proceeds from affiliate commissions go towards funding further video content on this website!
These books will engrain the value investing philosophy into your mind. None of them are be-all-end-alls, but The Intelligent Investor is the best investing book out there and my recommendation for a first read. After reading more, you’ll be operating subconsciously within a wise investing value framework. You will have also picked up ample investing tips and gems.
These three books will help understand the businesses you’re buying. Analysing a company’s competitive position and surrounding context is vital. The frameworks in this book are flexible and can be applied to every stock you look at. The results of analysing businesses with the below books will help you arrive at an “essential puzzle” and provide inputs to feed into your valuation.
These books are more advanced, helping investors to decipher the numbers released by companies. They focus on valuing stocks both as entire businesses, or as just the equity. The McKinsey textbook (the red and white one!) is my recommendation as a first read. All these titles reveal the tricks and the trappings of financial statements, embedded in value investing principles.
These books mix accounting with investing. Accounting is the language of business, you can never learn enough about the various unique accounting practices across industries. I don’t think you can prevent yourself being defrauded on the stock market short of getting a forensic accounting degree, but these books are still worth a due diligence read. If you’re new, start with Ben Graham’s book or Financial Shenanigans.
These books will make you aware of biases you didn’t even know existed. Controlling your temperament and emotions when investing is an inside game, but these books aim to tackle cognitive biases.
These books package up events from the past and bring them to the present day with a focus on teaching. Those who don’t learn from history are doomed to repeat it? These books are very interesting and better for casual reading.
These books take bond investors an extra mile. They cover both corporate and government bonds, priming you on fixed income up and down the credit ratings ladder.