Here Are 12 Books That Every Investor Should Read (2024)

FAQs

What is the best quote in the book Intelligent Investor? ›

At the age of 13, he filled out his first tax return, and at 19, he discovered his investing bible: The Intelligent Investor. The book, which was first published in 1949, was written by his professor Benjamin Graham. Since reading The Intelligent Investor, Buffett has closely adhered to Graham's principles.

The Intelligent Investor is a great book for beginners, especially since it's been continually updated and revised since its original publication in 1949. It's considered a must-have for new investors who are trying to figure out the basics of how the market works. The book is written with long-term investors in mind.

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Don't get too greedy and don't get too scared.” “Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that.” “The stock market is a device to transfer money from the impatient to the patient.”

“It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” One way to misinterpret Warren Buffett's value investing is to assume that the only criteria for buying a stock is that it should be undervalued.

His IQ is clearly >> 145 and possibly as high as 160 or so. Warren Buffett graduated high school at 16 ranked in the top 5 percent of his class despite devoting substantial effort to entrepreneurial activities. Most people who know him well refer to him as brilliant, that folksy quote above notwithstanding.

Warren Buffet

Warren Buffett is widely considered the greatest investor in the world. Born in 1930 in Omaha, Nebraska, Buffett began investing at a young age and became the chairman and CEO of Berkshire Hathaway, one of the world's largest and most successful investment firms.

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Yes, The Intelligent Investor by Benjamin Graham is still considered a classic and relevant book on investing. It was first published in 1949 and has been updated several times.

Can beginners read The Intelligent Investor? ›

It is a great book for a beginner. There will be some concepts that you will need to look up but that's alright. You will learn a lot.

This book will not teach you how to beat the market. However, it will teach you how to reduce risk, protect your capital from loss and reliably generate sustainable returns over the long run. Warren Buffett calls the Intelligent Investor ""by far the best book on investing ever written.

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.”

Rule 1: Never Lose Money

This might seem like a no-brainer because what investor sets out with the intention of losing their hard-earned cash? But, in fact, events can transpire that can cause an investor to forget this rule.

1. “If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you're patient.”

"The true sign of intelligence is not knowledge but imagination." — Albert Einstein. "Intelligence is not measured by how much you know, but by how much you have the capacity to learn." — Francesca Zappia. "Intelligence is not to make no mistakes, but to see quickly how to make them good." — Bertolt Brecht.

These investors buy stock only when its price is below its intrinsic value, i.e., its value as it relates to a company's propensity for growth. As an intelligent investor, you'll buy a stock only if you believe there is a probable margin between what you pay and what you will earn as the company grows.

The Intelligent Investor by Benjamin Graham is considered by many as the definitive guide to value investing. The book is filled with a wealth of knowledge, but two chapters in particular, Chapter 8 and Chapter 20, provide indispensable insights that any investor, whether seasoned or novice, can benefit from.