“In my whole life, I have known no wise people who didn't read all the time - none, zero." - Charlie Munger
This Thread presents to you:
- 2 Books for Investing Beginners
- 3 Books for Investing Intermediates
- 2 "Books" for Investing Professionals
👇
This Thread presents to you:
- 2 Books for Investing Beginners
- 3 Books for Investing Intermediates
- 2 "Books" for Investing Professionals
👇
Beginner Book No.1
The Most Important Thing by Howard Marks is the best starting point for investing.
It will equip you with a complete investment philosophy and an understanding of what's important in the markets.
The Most Important Thing by Howard Marks is the best starting point for investing.
It will equip you with a complete investment philosophy and an understanding of what's important in the markets.
Beginner Book No. 2
One Up on Wall Street by the most successful fund manager of all time, Peter Lynch.
This book aims explicitly at retail investors and explains their advantages over well-trained and highly-paid Wall Street bankers.
One Up on Wall Street by the most successful fund manager of all time, Peter Lynch.
This book aims explicitly at retail investors and explains their advantages over well-trained and highly-paid Wall Street bankers.
Intermediate Book No.1
Margin of Safety by Seth Klarman is often compared to Ben Graham's The Intelligent Investor.
The books are similar, but Margin of Safety is an easier and more modern read.
It also covers investment philosophy, but it's more practical than Marks' book.
Margin of Safety by Seth Klarman is often compared to Ben Graham's The Intelligent Investor.
The books are similar, but Margin of Safety is an easier and more modern read.
It also covers investment philosophy, but it's more practical than Marks' book.
Intermediate Book No.2
Valuation is the flagship book when it comes to... well, valuation.
For an intermediate, getting more into detail with the actual valuation work is important.
Valuation is the flagship book when it comes to... well, valuation.
For an intermediate, getting more into detail with the actual valuation work is important.
Intermediate Book No.3
How to Be a Stock Market Genius by Joel Greenblatt
This book is a practical guide to investing with a particular focus on special situations.
A part of the market that offers great opportunities and inefficiencies.
How to Be a Stock Market Genius by Joel Greenblatt
This book is a practical guide to investing with a particular focus on special situations.
A part of the market that offers great opportunities and inefficiencies.
Professionals:
Instead of recommending more books, look at these resources instead:
- Joel Greenblatt's Columbia Class
- Bruce Greenwald's Columbia Class
- Aswath Damodaran's Valuation Class
Free PDFs of all of them here:
danielmnke.com
Instead of recommending more books, look at these resources instead:
- Joel Greenblatt's Columbia Class
- Bruce Greenwald's Columbia Class
- Aswath Damodaran's Valuation Class
Free PDFs of all of them here:
danielmnke.com
Apart from the books mentioned above, there are dozens of other incredible books recommended by Munger, Marks, Buffett, and many others.
I’ve started a list of books that I update regularly:
danielmnke.com
I’ve started a list of books that I update regularly:
danielmnke.com
That's it for today!
If you enjoyed it, please Like and Retweet this Thread so more people can see it!
Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
If you enjoyed it, please Like and Retweet this Thread so more people can see it!
Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
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