Disclosure: I participate in the Amazon Associates Program, which simply means that if you purchase a book on Amazon from a link on this page, I receive a small commission. The book does not cost you any extra. I give away 100% of the commission for the betterment of the under-privileged.
“Nothing can do what a book can do. Lifts you out of your life… to a whole new world, whole new perspective. A book is like a dream you’re borrowing from a friend.” ~ Dave Kellett
Reading the ideas and experiences of others is a great way of improving our own lives. And investing is no different.
Those who know about the lives and investing experiences of investors and teachers like Warren Buffett, Charlie Munger, and Prof. Sanjay Bakshi, also know that they read a lot. And reading is one of the key reasons they have been so successful in their investing endeavours.
Here are some of the recommended books from these legends, which I have compiled based on my reading of them over the years. But before that, here are my choice of the supertexts or must-read books related to investing and related subjects…
Supertexts
The Intelligent Investor ~ Benjamin Graham
Security Analysis ~ Benjamin Graham
One Up On Wall Street ~ Peter Lynch
Common Stocks and Uncommon Profits and Other Writings ~ Philip A. Fisher
Buffett: The Making of an American Capitalist by Roger Lowenstein
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger ~ Peter D. Kaufman
All I Want To Know Is Where I’m Going To Die So I’ll Never Go There ~ Peter Bevelin
Influence: The Psychology of Persuasion ~ Robert Cialdini
Warren Buffett’s Letters to Shareholders
Memos of Howard Marks
The Most Important Thing ~ Howard Marks
A Few Lessons from Sherlock Holmes ~ Peter Bevelin
Thinking Fast and Slow ~ Daniel Kahneman
Seeking Wisdom: From Darwin to Munger ~ Peter Bevelin
The Black Swan: The Impact of the Highly Improbable ~ Nassim Nicholas Taleb
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets ~ Nassim Nicholas Taleb
The Warren Buffett Way ~ Robert Hagstrom
Against the Gods: The Remarkable Story of Risk ~ Peter L. Bernstein
Extraordinary Popular Delusions and the Madness of Crowds ~ Charles Mackay
Warren Buffett
The Intelligent Investor ~ Benjamin Graham
The Essays of Warren Buffett: Lessons for Investors and Managers ~ Lawrence A. Cunningham
Common Stocks and Uncommon Profits and Other Writings ~ Philip A. Fisher
Of Permanent Value: The Story of Warren Buffett ~ Andrew Kilpatrick
Buffett: The Making of an American Capitalist by Roger Lowenstein
John Bogle on Investing: The First 50 Years ~ John C. Bogle
Do Business with People You Can Trust: Balancing Profits and Principles ~ L. J. Rittenhouse
The Money Masters ~ John Train
Bull!: A History of the Boom and Bust, 1982-2004 ~ Maggie Mahar
The General Theory of Employment, Interest, and Money ~ John Maynard Keynes
Essays in Persuasion ~ John Maynard Keynes
Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street ~ Janet Lowe
In an Uncertain World: Tough Choices from Wall Street to Washington ~ Robert Edward Rubin
Personal History ~ Katharine Graham
Jack: Straight from the Gut ~ Jack Welch
A Piece of the Action: How the Middle Class Joined the Money Class ~ Joseph Nocera
Sam Walton: Made In America ~ Sam Walton
The Expanded Quotable Einstein ~ Albert Einstein
Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron ~ Bethany McLean
The Outsiders ~ William Thorndike Jr.
The Clash of Cultures: Investment vs Speculation ~ Jack Bogle
Investing Between the Lines: How to Make Smarter Decisions By Decoding CEO Communications ~ Laura Rittenhouse
Charlie Munger
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger ~ Peter D. KaufmanDeep Simplicity: Bringing Order to Chaos and Complexity ~ John Gribbin
Ice Age: How a Change of Climate Made Us Human ~ John Gribbin
Models of My Life ~ Herbert Simon
Fiasco: The Inside Story of a Wall Street Trader ~ Frank Partnoy
How the Scots Invented the Modern World ~ Arthur Herman
A Matter of Degrees: What Temperature Reveals about the Past and Future of Our Species, Planet, and Universe ~ Gino Segre
Andrew Carnegie ~ Joseph Frazier Wall
Guns, Germs And Steel ~ Jared Diamond
The Third Chimpanzee: The Evolution and Future of the Human Animal ~ Jared Diamond\
Influence: The Psychology of Persuasion ~ Robert Cialdini
The Autobiography of Benjamin Franklin ~ Benjamin Franklin
Living within Limits: Ecology, Economics and Population Taboos ~ Garrett Hardin
The Selfish Gene ~ Richard Dawkins
Titan: The Life of John D. Rockefeller, Sr. ~ Ron Chernow
The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor ~ David S. Landes
The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy ~ Robert G. Hagstrom
Genome: The Autobiography of a Species in 23 Chapters ~ Matt Ridley
Getting to Yes: Negotiating an Agreement Without Giving In ~ Roger Fisher
Three Scientists and Their Gods: Looking for Meaning in an Age of Information ~ Robert Wright
Only the Paranoid Survive ~ Andrew S. Grove
Prof. Sanjay Bakshi
Prof. Sanjay Bakshi recommends all books on the lists of Warren Buffett and Charlie Munger (see above), plus the following…
Business and Investing (incl. Moats)
Warren Buffett’s Letters to Shareholders
The Little Book That Builds Wealth ~ Pat Dorsey
Understanding Michael Porter: Essential Guide to Competition and Strategy ~ Joan Magretta
A Few Lessons for Investors and Managers ~ Peter Bevelin
The Most Important Thing ~ Howard Marks
Little Bets: How Breakthrough Ideas Emerge from Small Discoveries ~ Peter Sims
Different: Escaping the Competitive Herd ~ Yongme Moon
Tap Dancing to Work ~ Carol Loomis
A Bank for the Buck: The Story of HDFC Bank ~ Tamal Bandyopadhyay
The Box – How the Shipping Container Made the World Smaller and the World Economy Bigger ~ Marc Levinson
Hooked: How to Build Habit-Forming Products ~ Nir Eyal
Iconoclast ~ Gregory Berns
Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers ~ Alexander Osterwalder
The Investment Checklist ~ Michael Shearn
Accounting and Valuation
Accounting for Value ~ Stephen Penman
It’s Earnings That Count ~ Hewitt Heiserman
Financial Statement Analysis: A Practitioner’s Guide ~ Martin S. Fridson
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports ~ Howard M. Schilit
Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance ~ Charles W. Mulford
Financial Warnings: Detecting Earning Surprises, Avoiding Business Troubles, Implementing Corrective Strategies ~ Charles W. Mulford
The Interpretation of Financial Statements: The Classic 1937 Edition ~ Benjamin Graham
Mental Models – Thinking, Decision Making, Creativity, Psychology
A Few Lessons from Sherlock Holmes ~ Peter Bevelin
The Tipping Point ~ Malcolm Gladwell
Abundance: The Future is Better Than You Think ~ Peter Diamandis
The Brain That Changes Itself ~ Norman Diodge
One Small Step Can Change Your Life: The Kaizen Way ~ Robert Maurer
Thinking Fast and Slow ~ Daniel Kahneman
Traffic: Why We Drive The Way We Do ~ Tom Vanderbilt
Where Good Ideas Come From: The Seven Patterns of Innovation ~ Steven Johnson
Seeing What Others Don’t: The Remarkable Ways We Gain Insights ~ Gary Klein
Seeking Wisdom: From Darwin to Munger ~ Peter Bevelin
Think Like a Freak: How to Think Smarter about Almost Everything ~ Steven D. Levitt
The Time Paradox: The New Psychology of Time That Will Change Your Life ~ Philip Zimbardo
Why Smart People Make Big Money Mistakes and How to Correct Them ~ Gary Belsky
Why I Failed: Lessons from Leaders ~ Shweta Punj
Addiction by Design – Machine Gambling in Las Vegas ~ Natasha Dow Schull
Brilliant Blunders ~ Mario Livio
Justice ~ Michael J. Sandel
Economics
Reinventing the Bazaar – A Natural History of Markets ~ John Mcmillan
The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy ~ Peter Huber
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything ~ Steven D. Levitt
Super Freakonomics ~ Steven D. Levitt
Neuroscience, Evolution, Evolutionary Psychology, Biology, Mathematics, Probability, and Science
The Brain That Changes Itself: Stories of Personal Triumph from the Frontiers of Brain Science ~ Norman Doidge
The Tell-Tale Brain ~ V. S. Ramachandran
The Future of the Mind ~ Michio Kaku
The Selfish Gene ~ Richard Dawkins
The Blind Watchmaker ~ Richard Dawkins
The Singularity Is Near: When Humans Transcend Biology ~ Ray Kurzweil
Taking the Quantum Leap ~ Fred Wolf
Quantum Enigma: Physics Encounters Consciousness ~ Bruce Rosenblum
Innumeracy: Mathematical Illiteracy and Its Consequences ~ John Allen Paulos
Abundance: The Future Is Better Than You Think ~ Peter H. Diamandis
The Little Book of Talent ~ Daniel Coyle
No Two Alike: Human Nature and Human Individuality ~ Judith Rich Harris
How to Measure Anything: Finding the Value of Intangibles in Business ~ Douglas W. Hubbard
The Black Swan: The Impact of the Highly Improbable ~ Nassim Nicholas Taleb
Antifragile: How to Live in a World We Don’t Understand ~ Nassim Nicholas Taleb
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets ~ Nassim Nicholas Taleb
The Universe in a Single Atom: The Convergence of Science and Spirituality ~ Dalai Lama
Disclosure: I participate in the Amazon Associates Program, which simply means that if you purchase a book on Amazon from a link on this page, I receive a small commission. The book does not cost you any extra. I give away 100% of the commission for the betterment of the under-privileged.