10 Great Investment Books to Read in 2025
Investing is a complex subject that can take a lifetime to master, but reading the right books can be a great way to gain a deeper understanding of the market and how to invest wisely. Here is my list of the 10 great books on investing:
- "The Intelligent Investor" by Benjamin Graham: Considered one of the most important investment books of all time, "The Intelligent Investor" is a must-read for anyone looking to gain a deeper understanding of the stock market. Written by legendary investor and economist Benjamin Graham, the book offers a wealth of practical advice and insights on how to invest wisely and avoid common mistakes.
- "The Little Book of Common Sense Investing" by John C. Bogle: Written by the founder of Vanguard, one of the world's largest investment companies, "The Little Book of Common Sense Investing" is a straightforward guide to investing that emphasizes the importance of low-cost index funds and diversification. Bogle's book is a great resource for beginners who are just getting started with investing.
- "The Intelligent Asset Allocator" by William Bernstein: This book is a deep-dive into the subject of asset allocation, which is the process of dividing your investment portfolio among different asset classes such as stocks, bonds, and real estate. Bernstein's book provides a comprehensive overview of the different types of investments available, and offers clear and practical guidance on how to create a well-diversified portfolio.
- "The Warren Buffett Way" by Robert G. Hagstrom: Warren Buffett is widely regarded as one of the greatest investors of all time, and this book is a fascinating look at his investing philosophy and strategies. Hagstrom examines Buffett's methodologies and provides insight into how readers can apply these strategies to their own investments.
- "A Random Walk Down Wall Street" by Burton Malkiel: This classic book is a comprehensive guide to investing that covers everything from the history of the stock market to modern portfolio theory. Malkiel's book is a great resource for anyone looking to gain a broad understanding of the investing landscape, and offers plenty of practical advice for both beginners and experienced investors.
- "The Essays of Warren Buffett: Lessons for Corporate America" by Warren Buffett: This collection of letters written by Warren Buffett to the shareholders of Berkshire Hathaway provides a wealth of insight into his investing philosophy and strategies. The book offers a firsthand look at how one of the most successful investors of all time thinks about and approaches the market.
- "Common Stocks and Uncommon Profits" by Philip Fisher: Written by a successful investor and business consultant, "Common Stocks and Uncommon Profits" is a timeless classic that focuses on the importance of thorough research and analysis in the stock-picking process. Fisher's book is a must-read for anyone interested in learning more about the art of stock selection.
- "Security Analysis" by Benjamin Graham and David Dodd: Written by two of the most renowned investment experts of the 20th century, "Security Analysis" is a comprehensive guide to the principles of value investing. The book provides a detailed look at how to analyze and evaluate stocks, bonds, and other securities, and offers valuable insights into how to identify undervalued assets and avoid common investment pitfalls.
- "The Black Swan" by Nassim Nicholas Taleb: While not directly focusing on investing, this book is a must-read for any investors. The book explains the concept of Black Swan events, or unexpected and highly impactful events that can have significant consequences in markets. The book teaches the reader to be prepared for the unpredictable and unknown events that can change the market, and how to mitigate the risk of them.
- "The Big Short" by Michael Lewis: This book is a non-fiction account of the 2008 financial crisis, specifically the collapse of the housing market and the subsequent credit crunch. "The Big Short" is a fascinating look at how a small group of investors saw the crisis coming and made a fortune by betting against the market. The book is a great way to learn about the psychology of market bubbles and the dangers of herd mentality.
These are all great books to start with in order to learn more about investing and make informed decisions with your money. These books offer a wealth of knowledge, insight, and wisdom that can be applied to a wide range of investment situations.