What books should I read to get basic knowledge of the stock market?
Knowing how to invest, when to invest, and where to invest remains a confusing task. So, it is quite natural that people seek out ways to sort out their confusion. To help you, we have come up with a list of books. This list can answer — What books should I read to get basic knowledge of the stock market?
1. Intelligent Investor by Benjamin Graham
Those who don’t know Benjamin Graham is Warren Buffet’s mentor. This book was written very early for those who want to know the fundamentals of how to make more profit in the share market. After reading this book you will learn about various kinds of different approaches to gain slowly and steadily from the financial market. This book will help you to prevent yourself from making any costly mistakes. It also helps to know more about long-term approaches in profit-making.
2. Book of common sense investing by John Bogle
John Bogle was an investing icon. He made many changes in the mutual fund industry. Also, he was a very good advocate for the investor. He Was great with the index fund. It helped the investors to gain exposure to the stock market at a very low cost helping them to earn more. In his book, he explains very clearly why low fees significantly affect the returns and how to handle the same. There are many other topics covered in the book like tax cost and mean reversion.
3. Morningstar’s 30 minute Mani solutions: A step-by-step guide to managing your finances by Christine Benz
Supposedly, you are good at understanding the basics of Investments. But does that mean you know how to handle personal finances well? No, right? It is a big challenge to manage your personal finance in order to have a proper investment. You might need a step-by-step guide for the same. For Scenarios, this book can be a life savior. It begins with the fundamental steps like assessing your net worth followed by Complex or advanced topics like retirement investing, college savings, and many more.
4. It will teach you to be rich by Ramit Sethi
Ramit Sethi is the New York Times bestselling author and an advisor. In This book, he provides a six-week program that helps to know the four pillars of personal finance. These are banking, saving, budgeting, and investing. This book also highlights some important strategies to overcome loans and debts. It provides a mechanism to find a balance between savings and spending every month. This is also to prepare yourself to buy a house or a car. Sethi explains how you can make investments to grow and eventually help you to achieve what you want.
5. Fooled by randomness: the hidden role of chance in life and in the Markets by Nassim Nicholas Taleb.
This is another book that you could read if you are a beginner. address how to affect our decision-making capability. However, the topic that this book deals with is mainly financial decisions. The writer also focuses on the concept of randomness. This book talks about how human beings have a tendency to come up with various explanations even in random situations. It tells us that some different behavior in the share market happens randomly. You will not find any analytical conclusions behind this randomness. The author also believes that this randomness causes the investors to go for certain financial decisions and develop various habits among them.
6. Talk money by Monika Halan
This is one of the very popular books on personal finance. Focused mainly on Indian markets, this is a go-to book if you are an investor in India. Personal is a very tricky subject. Even if we deal with that daily, not many know the art of developing it to our benefit. The book focuses on subjects like salary management, retirement savings, and much more. Illiteracy and bad investment choices are the outcomes of poor personal finance. This book is for those who want to save and plan ahead. It also highlights the importance of having a financial objective.
7. Stocks to riches: Insights on investor behavior by Parag Parikh
This book talks about truths, myths, and assumptions among the people who invest. Written in simple language this book can help any beginners to know more about the stock market. Book talks about various strategies for beginners and also how they are prone to make more mistakes.
8. The Warren Buffett way bye by Robert G Hagstrom
This book includes approaches that one can use to make a profit. This book on trading will help you know more about the investing strategies of Warren Buffett. There are no ambiguous terms or phrases used in the book. It makes this book one of the best for any beginner. There are various concise and precise details mentioned in the book about the market. This helps to get a better and clear idea.
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9. The essays of Warren Buffett: lesson for by Warren Buffett
Warren Buffett is one of the greatest investors. When it comes to investing, many people like his style of picking profit-earning shares. He is the CEO of Berkshire Hathaway. It is a firm that invests in good quality businesses. Also, it analyses the growth potential of the firm in which it invests. Each year he writes an annual letter to Berkshire Hathaway shareholders and all of them are published on the company’s website. He writes in a plain manner so that everyone can understand it. This book is a group of such essays.
10. Fast and slow by Daniel Kahneman
This book deals with financial planning and decision-making capability from a very different viewpoint. It talks about the psychological aspect involved in every decision. The main idea of this book is a discussion about the things that affect our financial decisions and judgment of the stock market. If a person has certain bases and faults then how will his financial decisions be? read this book if you want to know that. This book talks about two different ways- one is fast and instinctive. The other is slow, deliberative, and logical.
These are the quick 10 book suggestions that we would like to present to you. Hopefully, this article would have solved your confusion on: What books should I read to get basic knowledge of the stock market? Let us know if you have any suggestions on this.
There are many ways that you can learn stock market trading. If you want to know more about anything specific let us know in the comments section so that we can help you out.
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