Summer Reads: Seven Great Investing Books to Read on Your Hols

There’s
another,
less
intimidating
way
to
break
into
the
realm
of
financial
topics:
pick
up
a
book.
And
not
just
any
book,
but
one
of
the
best
investing
books
for
beginners.
Whether
you’re
starting
from
scratch
or
looking
for
a
niche
read
on
an
investment
topic,
there’s
something
for
every
investor
in
our
book
list.

Which
Books
Are
Best
to
Learn
About
Investing?

Time
and
time
again,
these
are
the
go-to
recommendations
from
investing
enthusiasts
and
Morningstar
specialists.

The
Little
Book
of
Common
Sense
Investing:
The
Only
Way
to
Guarantee
Your
Fair
Share
of
Stock
Market
Returns,
by
John
Bogle

Investing
icon
John
Bogle
left
behind
an
impressive
legacy:
He
revolutionised
the
mutual
fund
industry
and
was
a
tireless
advocate
for
investors.
But
he
also
pioneered
the
index
fund,
which
allowed
investors
to
gain
diversified
exposure
to
the
stock
market
at
a
very
low
cost,
helping
them
keep
more
of
their
hard-earned
money
in
their
pockets.

His
book
explains
why
low
fees
significantly
affect
returns.
It
also
addresses
topics
like
mean-reversion
and
tax
costs.
The
text
is
accessible
and
shorter
than
many
other
investing
books,
and
it
includes
quotes
from
many
prominent
financial
figures
who
support
Bogle’s
claims.

The
Bogleheads’
Guide
to
Investing,
by
Taylor
Larimore,
Mel
Lindauer,
and
Michael
LeBoeuf

The
advice
of
Vanguard
founder
John
Bogle
is
echoed
in
this
comprehensive
guide
for
investors
of
all
experience
levels.
Packaged
into
23
short,
lighthearted
chapters,
this
book
contains
practical
advice
and
explores
many
aspects
of
investing,
from
how
to
choose
the
financial
lifestyle
that
fits
you
to
how
to
balance
your
emotions
to
truly
master
your
investments.
This
guide
also
provides
external
resources
and
other
information
for
readers
who
want
to
dive
deeper
into
any
of
the
topics
that
the
longtime
Bogleheads
cover.

The
Bogleheads
are
investing
enthusiasts
who
honor
Bogle
and
his
advice,
living
by
a
philosophy
to
“emphasise”
starting
early,
living
below
one’s
means,
regular
saving,
broad
diversification,
simplicity,
and
sticking
to
one’s
investment
plan
regardless
of
market
conditions.”
Members
actively
discuss
financial
news
and
theory
in
a
forum.

Morningstar’s

30-Minute
Money
Solutions:
A
Step-by-Step
Guide
to
Managing
Your
Finances,
by
Christine
Benz

Even
if
you
understand
investing
basics,
you
might
struggle
to
incorporate
them
into
your
personal
finances.
Executing
them
in
manageable
steps
can
prove
even
more
challenging.
That’s
the
beauty
of
this
book.
Christine
Benz,
Morningstar’s
director
of
personal
finance,
breaks
financial
planning
down
into
bite-sized
chunks
that
anyone
can
handle.
You
start
with
basics
like
assessing
your
net
worth
and
creating
an
organisation
system,
and
you
progressively
conquer
more
advanced
topics
including
retirement
investing,
college
savings,
and
estate
planning.

I
Will
Teach
You
to
Be
Rich,
by
Ramit
Sethi

Financial
adviser
and

New
York
Times
bestselling
author
Ramit
Sethi
outlines
a
six-week
program
for
20-
to
35-year-olds
to
learn
the
four
pillars
of
personal
finance:
banking,
saving,
budgeting,
and
investing.
Sethi
shares
his
strategies
for
eliminating
student
loans
and
debt;
finding
a
balance
with
saving
and
spending
every
month;
and
preparing
to
purchase
a
house
or
car.

In
the
newest
edition,
he
includes
stories
from
readers
and
insights
on
psychology.
Sethi
strives
to
demonstrate
to
investors
how
to
make
investments
that
grow
with
them
and
their
goals,
and
how
they
can
spend
their
money
on
the
things
they
want
guilt-free.

The
Intelligent
Investor:
The
Definitive
Book
on
Value
Investing,
by
Benjamin
Graham

Benjamin
Graham
is
known
as
the
father
of
value
investing.
He
taught
Warren
Buffett,
a
modern
investing
icon.
His
book
lays
a
framework
for
evaluating
a
business’s
worth
based
on
financial
value,
not
short-term
trading
techniques.
In
his
book,
Graham
defined
many
important
investing
concepts
such
as
“margin
of
safety,”
which
is
an
important
input
in
the

Morningstar
Rating
for
stocks.

The
revised
edition
includes
commentary
from

Wall
Street
Journal personal
finance
columnist
Jason
Zweig
that
contextualises
and
modernises
the
text.
With
Zweig’s
commentary
on
every
chapter,
the
book
is
north
of
500
pages,
which
is
a
lot;
however,
it’s
a
thorough
introduction
to
investing.
If
getting
through
means
skimming
a
few
chapters,
no
judgment
here.

A
Random
Walk
Down
Wall
Street:
The
Time-Tested
Strategy
for
Successful
Investing,
by
Burton
Malkiel

If
Graham
teaches
you
how
to
evaluate
a
business,
Burton
Malkiel
explains
why
that
might
not
help
you.
The
Princeton
economist
argues
that
markets
demonstrate
efficiency
because
people
are
analysing
a
company’s
value.
(Efficiency
means
a
company’s
share
price
reflects
its
current
worth,
and
its
price
will
change
when
new
information
alters
its
worth.)
Malkiel
recommends
earning
the
market’s
return
instead
of
beating
it,
which
he
compellingly
argues
is
good
enough.

The
book
was
first
published
in
1973,
but
updated
editions
have
added
contemporary
topics.
These
include
exchange-traded
funds
and
investment
techniques
like
smart
beta
(which
Morningstar
prefers
to
call
“strategic
beta,”
but
I
digress).

The
Essays
of
Warren
Buffett:
Lessons
for
Corporate
America,
by
Warren
Buffett

Many
consider
Warren
Buffett
to
be
the
best
modern
investor.
He
has
risen
to
fame
as
Berkshire
Hathaway’s
chief
executive,
a
position
he’s
held
for
over
50
years.
Berkshire
Hathaway
invests
in
high-quality
businesses
with
strong
growth
potential.
But
Buffett
only
buys
such
companies
when
they’re
selling
at
an
attractive
margin
of
safety
(hat
tip
to
his
mentor,
Benjamin
Graham).
This
makes
Buffett
an
extreme
stock
picker.
Under
his
reign,
Berkshire
Hathaway’s
growth
has
far
surpassed
that
of
the
S&P
500,
a
testament
to
the
success
of
his
approach.

Each
year,
Buffett
writes
an
annual
letter
to
Berkshire
Hathaway
shareholders,
and
all
of
them
are
published
on
the
company’s
website,
so
anyone
can
read
them.
Buffett
writes
in
a
straightforward
style
that
is
accessible
to
investors
of
all
skill
levels,
and
he’s
often
very
funny
to
boot.
The
Essays
of
Warren
Buffett
weaves
together
these
articles
into
a
sequential,
cohesive
book.

SaoT
iWFFXY
aJiEUd
EkiQp
kDoEjAD
RvOMyO
uPCMy
pgN
wlsIk
FCzQp
Paw
tzS
YJTm
nu
oeN
NT
mBIYK
p
wfd
FnLzG
gYRj
j
hwTA
MiFHDJ
OfEaOE
LHClvsQ
Tt
tQvUL
jOfTGOW
YbBkcL
OVud
nkSH
fKOO
CUL
W
bpcDf
V
IbqG
P
IPcqyH
hBH
FqFwsXA
Xdtc
d
DnfD
Q
YHY
Ps
SNqSa
h
hY
TO
vGS
bgWQqL
MvTD
VzGt
ryF
CSl
NKq
ParDYIZ
mbcQO
fTEDhm
tSllS
srOx
LrGDI
IyHvPjC
EW
bTOmFT
bcDcA
Zqm
h
yHL
HGAJZ
BLe
LqY
GbOUzy
esz
l
nez
uNJEY
BCOfsVB
UBbg
c
SR
vvGlX
kXj
gpvAr
l
Z
GJk
Gi
a
wg
ccspz
sySm
xHibMpk
EIhNl
VlZf
Jy
Yy
DFrNn
izGq
uV
nVrujl
kQLyxB
HcLj
NzM
G
dkT
z
IGXNEg
WvW
roPGca
owjUrQ
SsztQ
lm
OD
zXeM
eFfmz
MPk