The Intelligent Investor

Intelligent investor — Benjamin graham

The intelligent investor, by Benjamin Graham. Took me off the hook of retail trading for the rest of my life.

> It isn't a modern book by any means and there might be much better alternatives It allowed me to buy value stocks around March 2020, because I believed they were undervalued. So I'd say his methodology is as relevant as ever during market crashes.

Benjamin Graham - Intelligent Investor It's what got me into fundamental analysis, which after investing for more than a decade had definitely a positive impact on how I allocate money etc. It isn't a modern book by any means and there might be much better alternatives, but I've started to build some reasoning around assets and get excited about investing.

Bogleheads and intelligent investor

Anna Karenina, 3x in two translations Skunk Works Intelligent Investor Man Who Was Thursday

At random Atlas Shrugged - Ayn Rand. Love her or hate her, she makes you think. The Hard Thing About Hard Things - This is a great book about building businesses, and business in general. Capital in the 21st Century - One of the greatest books about economics and capital written ever - let alone in the last decade. The Intelligent Investor - This is Buffet's favourite book, and regardless of how many times I read it, I still learn more. One can never digest it in full. Predictably Irrational - This excellent tome makes behavioural economics digestible outside of economics. It's enlightening, though provoking, and turns several accepted truths on its head, purely by being written at all. Nexus (Ramez Naam) - This science fiction book explores transhumanism and would it could mean in the near future. It's both light and pulpy, but at the same time makes you think about the outcomes of technological progression.

I think the first question that you will face is if you agree with the Efficient Market Hypothesis (EMH) and the random walk. Basically they say that prices reflect all available information and that you cannot "beat" the market (there's a subtle difference between EMH and random walk). The return on an investment is a direct reflection of the risk. Good reading to get an understanding for this are "A Random Walk Down Wall Street" and papers by Eugene Fama (EMH will be covered by any intro to finance book as well). For a good overview of EMH, I like this paper: http://www.cs.ucl.ac.uk/fileadmin/UCL-CS/images/Research_Stu... (http://www.cs.ucl.ac.uk/fileadmin/UCL-CS/images/Research_Student_Information/RN_11_04.pdf) The investment takeaway is that you should invest in passive index funds with low management cost (typically ETFs).…

The Intelligent Investor – Benjamin Graham

- The Selfish Gene by Richard Dawkins - Godel Escher Bach: An Eternal Golden Braid by Douglas Hofstadter - Language, Truth, and Logic by A. J. Ayer - Thinking in Systems: A Primer by Donella Meadows Books that serve as investment philosophy guides for those who've developed a habit of saving money but are looking for the "next step" in building more wealth. From the mind of one of the greatest investors of all time: - The Intelligent Investor by Benjamin Graham (get the annotated version with an epilogue written by Warren Buffett!) - The Essays of Warren Buffett: Lessons for Corporate America A book that discusses what matters most in your life from a resource-allocation, measurable results standpoint (family, etc.): - How Will You Measure Your Life by Clayton Christensen A book I read 10 years ago that forever changed the way I manage productivity and organization both at work and in my personal life: - Getting Things Done by David Allen Books that show that our universe is just as crazy, if not crazier, than science fiction: - Black Holes and Time Warps: Einstein's Outrageous Legacy - Quantum Chance: Nonlocality, Teleportation and Other Quantum Marvels…

My five year old is a voracious reader. I feel like this is one of the most important educational tools you can give anyone. We stress to her that if you can read, and comprehend, there's nothing you cannot learn. That's why I included the first two on this list. How to Read a Book - Mortimer Adler How to Read Slowly - James Sire The Personal MBA - Josh Kaufman The Intelligent Investor - Benjamin Graham Think and Grow Rich - Napoleon Hill How to Win Friends and Influence People - Dale Carnegie

"Fail Safe Investing" by Harry Browne and "The Intelligent Investor" by Benjamin Graham. Discussion of the former here: http://www.gyroscopicinvesting.com/forum

I'd highly recommend The Intelligent Investor.

The following list will introduce you to Western Economic Philosophy as it relates to modern history specifically. This list is weighted heavily toward neo-classical economics and does not get into computational model based economics - specifically microeconomics, which comprises the bulk of economics education today: Schumpeter - History of economic analysis Adam Smith - Theory of Moral Sentiments Kaynes - The General Theory of Employment, Interest and Money Marx - Capital Benjamin Graham - The Intelligent Investor Galbraith - The Affluent Society Galbraith - The Great Crash Milton Friedman - Capitalism and Freedom Nassim Taleb - Black Swan Ron Suskind - Confidence Men Scott Patterson - Dark Pools If you want to delve into heterodox economics afterward, start with the following: Hayek - Individualism and Economic Order Mises - Human Action Rothbard - Man, Economy, State

I agree with others on the "Meditations" by Marcus Aurelius. Off the top of my head, I would add: * "The Way to Wealth," by Benjamin Franklin: https://www.amazon.com/dp/0918222885 (also available online for free; it's in the public domain) -- no-nonsense practical advice from a super-successful individual * Warren Buffett's Letters to Berkshire Hathaway shareholders: http://www.berkshirehathaway.com/letters/letters.html (also available organized by topic, in a bound book: https://www.amazon.com/dp/1611637589 which some will find much easier to read) * "The Intelligent Investor," by Benjamin Graham (specifically the chapters titled "The Investor and Market Fluctuations" and "Margin of Safety"): https://www.amazon.com/dp/0060555661 * "Influence: the Psychology of Persuasion," by Robert Cialdini: http://www.amazon.com/exec/obidos/ASIN/0688128165 Also: * "Devil Take the Hindmost," by Edward Chancellor: https://www.amazon.com/dp/0452281806 * "A Short History of Financial Euphoria," by John Kenneth Galbraith: https://www.amazon.com/dp/0140238565 * "Extraordinary Popular Delusions and the Madness of Crowds," by Charles Mackay: http://www.amazon.com/exec/obidos/ASIN/1586635581

Watchmen (Alan Moore) Origins of Form (Christopher Williams) Starship & The Canoe (Kenneth Brower) The Size of Lumber (Nicholson Baker) Zen Mind, Beginner's Mind (Shunryu Suzuki) Deschooling Society (Ivan Illich) Moby Dick (Herman Melville) Bolo'Bolo (P.M.) Le Ton beau de Marot (Douglas Hofstadter) Gaia: A New Look at Life on Earth (James Lovelock) Mouse or Rat: Translation as Negotiation (Umberto Eco) Neuromancer (William Gibson) The Intelligent Investor (Benjamin Graham) Don Quixote (Miguel Cervantes)

The intelligent investor by Benjamin Graham. Read it.

* Steve Jobs biography. I couldn't put it down and I'm shocked there aren't more fans on HN For those who liked Malkiel's Random Walk, read: * Ben Graham's Intelligent Investor * Philip Fisher's Common Stocks and Uncommon Profits They counter Malkiel's thesis (yup, he's wrong) and Warren Buffet credits both men for teaching him how to invest. True classics.

+ Hacker Ethic by Steven Levy + Masters of Doom by David Kushner + The Millionaire Mind by Dr. Thomas Stanley + The Intelligent Investor by Ben Graham + The Essays of Warren Buffet by Lawrence Cunningham + Buffet by Roger Lowenstein + The Knack by Norm Brodsky + Plato and a Platypus Walk Into a Bar by Thomas Cathcart, Daniel Klein + The Return of the Great Depression by Vox Day + Capitalism and Freedom by Milton Friedman + Road to Serfdom by Hayek + Iacocca:An Autobiography by Lee Iacocca

#1 for me would be The Intelligent Investor, by Benjamin Graham. Also read all of Warren Buffett's Letters from the Chairman - they're all up on the Berkshire Hathaway website. Peter Lynch's books are good too. I see a lot of people here recommending A Random Walk Down Wall Street, which is a good book, but you're going to finish it and say "This investing stuff is too complicated for me. I think I'll just put my money in index funds." Which is perfectly sensible investment advice, but if that's all you want, I can tell you "Go invest in index funds" right now and save you a couple hours of reading. ;-) Jeremy Siegel's Stocks for the Long Run is like Random Walk - it's decent, but the conclusion is basically "go invest in a stock index fund and don't worry about it". I'm not even sure that's great advice right now - he bases a lot of his argument on historical performance, but when an asset class has done well over the recent past, that usually means it'll do poorly in the near future. Read neither or both - Random Walk gives you good perspective for understanding Stocks for the Long Run.…

I second Bogleheads. Also second the "Intelligent Investor," but that one might be a little too much depth for what you're after.

I have read many of the recommend books. Here are my two pence. Books on Wealth 1. "Rich Dad Poor Dad" and find out exactly why someone becomes rich. (if you like this one, at some point you may also want to quickly scan through "Cashflow Quadrant Rich Dad's Guide to Financial Freedom".) 2. Also "chapter 6 - How to make wealth" from "Hackers and Painters's chapter 6 - " 3. "The Way to Wealth by Benjamin Franklin" Investing books in this order 1. Peter Lynch's One Up on wall street 2. The Intelligent Investor (Ben Graham) 3. Common Stocks and Uncommon Profits 4. Security Analysis (Ben Graham) 5. The Warren Buffet Way is a famous business read not exceptional but read it if you have some time left 6. A Random Walk Down Wall Street (Read it for a good laugh) Do NOT read 1. AA- The Motley Fool Money Guide 2. How Gerge Soros Knows What He Knows 3. Investing Online For Dummies 4. Malkiel Burton - A Random Walk Down Wall Street 5. Cracking the millionaire code 6. Joel Greenblatt - You Can Be A Stock Market Genius

The New New Thing Founders at Work Hackers and Painters How To Get Rich Competitive Strategies The Intelligent Investor (or Security Analysis) Liar's Poker