As I am writing this, I just started a new book, “Invested: How I Learned to Master My Mind, My Fears, and My Money to Achieve Financial Freedom and Live a More Authentic Life (with a Little Help from Warren Buffett, Charlie Munger, and My Dad)”.
I am only in the first chapter, but I am already enjoying the style of writing and the sense that I can easily connect with the writer as I am a novice at this whole, investing thing.
What I wanted to do is recommend a few books that I found from a YouTube video, showcasing that new investors don’t have to have a background in investing or finance in order to become financially independent. Here are the books below, and I am sure some of you have already read them and if you haven’t, I strongly suggest doing so. It not only gave me an eye opening view as to how and when to invest, but what to look for. Too often is the Stock Market a headache, up or down, erasing the previous days winnings. But this is a long game, these are not day trading books, these are long term investing options that will absolutely blow your mind.
- The Little Book Of Common Sense Investing – By John Bogle, who is credited as the first one to ever introduce a passively managed Index Fund. John Bogle also started Vanguard, and even being new to investing, I know the name Vanguard.
- The Little Book That Still Beats The Market – By Joel Greenblatt, who is a very well known Value Investor who has increased his wealth an incredible amount. Inside of The Little Book, Joel Greenblatt shares information regarding a “Magic Formula” for investing. It’s a great read and a great strategy, if you are able to purchase, and walk away.
- The Dhandho Investor – By Mohnish Pabrai, who is a very intelligent person who decided to look at what other Low Risk, High Uncertainty Value Investors were looking at, often playing by the exact same rules as some of the most successful investors in history. The book goes through some history that is absolutely amazing to read and learn.
I am just starting my 4th book, and I am very excited about diving deeper into it. The most important thing about the beginning of investing, is reading. You must read, learn what you have to get into, learn formulas, how to look at a stock as a business, and when to NOT hit the sell button.
Let me know what your favorite investing and financial books are!
Thrifty Investing 