"The man who does not read has no advantage over the man who cannot read." - Mark Twain
Investing, unfortunately, is not something we learn about in our schools or colleges. On top of it, investing well requires us to take emotionally difficult decisions every now and then, often in the face of uncertainty - eg continuing to invest when the stock markets are volatile. To make matters worse, there is a lot of conflicting information out there regarding how to invest. No wonder, individual investors feel lost when it comes to investing and hence they procrastinate, losing valuable time (and future wealth).
But given how useful it is as a life skill, we must spend at least some time to understand the basic principles of how investing works. So the book-worms of Goalwise have compiled a list of books written for non-experts to introduce them to the fascinating world of investing (although many so-called experts would also benefit immensely from reading them).
Investing 101 reading list
Start here if you are completely new to the subject. These books will give a good overview of the general principles of investing. Pick any one if not all.
1. Stocks for the Long Run - Jeremy Siegel
2. A Random Walk Down Wall Street - Burton Malkiel
3. Fooled by Randomness - Nassim Nicholas Taleb
4. Common Sense on Mutual Funds - John C. Bogle
5. If You Can: How Millennials Can Get Rich Slowly - William Bernstein
Bonus List - investing blogs to follow
- Morgan Housel @ Motley Fool
- A wealth of common sense by Ben Carlson
- And of course, the Goalwise blog :)
Which are the best investing books that you have read? Let us know in the comments below. :)