We’ve gathered the outstanding books below based on our own reading experience, browsing Amazon reviews, and consulting popular lists.
They’re organized based on their topic, such as value investing, psychology of investing, Wall Street history, etc.
Some are focused on picking the best stocks, others cover stock investing history, and others help you understand the psychology behind smart decision making.
We don’t necessarily agree with all the investing strategies and perspectives shared in the books below, but we wanted to provide a wide range of ideas so you could make up your own mind.
While this list isn’t meant to be exhaustive, we think it’s a solid start. If there’s anything you think should be added, let us know here!
General Stock Market Investing
- The Little Book of Common Sense Investing: The classic guide to getting smart about the market.
- A Random Walk down Wall Street: Asset prices typically exhibit signs of random walk and one cannot consistently outperform market averages (note: we disagree!).
- The Bogleheads’ Guide to Investing: A DIY handbook that espouses the sage investment wisdom of John C. Bogle.
Wall Street History
- Reminiscences of a Stock Operator: A fictionalized account of the life of the securities trader Jesse Livermore.
- Liar’s Poker: Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms.
- The Snowball: Warren Buffett and the Business of Life: Warren Buffett shares his advice on investing, making money, how to make it, and the market as it changes.
- When Genius Failed: The Rise and Fall of Long-Term Capital Management: Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management.
Picking the Best Stocks
- What Works on Wall Street: Historically tested long-term strategies that always outperform the market.
- One Up On Wall Street: How To Use What You Already Know To Make Money In The Market: Peter Lynch explains the advantages that average investors have over professionals and how they can use these advantages to achieve financial success.
- How to Make Money in Stocks: A proven 7-step process for minimizing risk and maximizing gains.
- The Little Book That Still Beats the Market: Greenblatt explains how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices.
- Stocks for the Long Run: Guide to financial market returns, long-term investment strategies, and stocks that beat the market.
- Common Stocks and Uncommon Profits and Other Writings: A classic guide to stock market investing.
- You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits: A comprehensive and practical guide to the stock market from a successful fund manager.
- Value Investing: From Graham to Buffett and Beyond: From the “guru to Wall Street’s gurus” comes the fundamental techniques of value investing and their applications.
- The Intelligent Investor: The Classic Text on Value Investing: Graham’s philosophy of “value investing” has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
- The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market: The book shows how investors Warren Buffett, Carl Icahn, David Einhorn and Dan Loeb got started and how they do it.
- Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors: A quantitative approach to the value investment strategy.
- The Essays of Warren Buffett: Lessons for Corporate America: A collection of letters from Warren Buffett.
- Security Analysis: One of the most influential value investing books ever written.
- Misbehaving: The Making of Behavioral Economics: Get ready to change the way you think about economics.
- Thinking, Fast and Slow: Groundbreaking tour of the mind explains the two systems that drive the way we think.
- Irrational Exuberance: Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008 – 2009 financial crisis.
- Predictably Irrational: The Hidden Forces That Shape Our Decisions: An intriguing, witty and utterly original look at why we all make illogical decisions.
- Principles: Life and Work: Ray Dalio shares the unconventional principles that he’s developed, refined, and used over the past forty years.
- Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets: An investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in investing.