Reading a book is an excellent means of stepping back from the pressures of life; it’s also an opportunity to learn. Even if you think you are a savvy investor, there is always more that you can know. Many experts in the world of investment put their expertise to use creating books that can help you make the most of your investments.
In this article, we are going to take a look at five such titles. You can make good use of your free time by sitting down to have a read; thereby learning how to build on your investment ability.
The Elements of Investing: Easy Lessons for Every Investor
We are going to start at the beginning. As the title suggests, this book is intended to be read by anyone who is involved with investing. It does not matter whether you are looking for a hand when starting out, or seeking a refresher, you can benefit from this read.
The book is written by two experts in the world of finance; Charles Ellis and Burton Malkiel. They know their stuff; and you can reap rewards from taking in the information, and using it. The authors concentrate on the importance of looking at the long term, and how you can safely invest to prepare for your retirement.
The Little Book of Common Sense Investing
Jack Bogle’s book sets out to provide a lesson in the common sense approach to investing. The author has been a well-respected participant in the world of mutual funds for many years, and it shows. He shares his in depth knowledge and explains the benefits of holding a diversified portfolio of stocks for the long term. The latest edition of this book is due out in August 2017 and will include up to date advice and information.
Winning the Loser’s Game, 6th edition: Timeless Strategies for Successful Investing
This is one of those classic titles that many investors will have heard of; but have you read it? Written by Dr. Charles Ellis, this book is often referred to as the best on this subject matter. For more than 30 years, investors have been relying on this book to show them how to avoid some of the biggest traps.
This book also deals with looking at yourself, as a person and an investor. Getting to know yourself better, helps you to invest more successfully.
Against the Gods: The Remarkable Story of Risk
Looking at investment in a slightly different way to the titles we have mentioned so far, Peter Bernstein examines risk and how it’s managed. We have come a long way since the days when soothsaying was prevalent. But, how do we actually manage risk and maximise the potential of investments. This book sets out to help answer that question.
Fooled by Randomness
This is an interesting read for anyone involved in the world of investing. It takes a look at the role which chance plays in the financial world. The phenomenon is explored by looking at the lives of different people, and how they are affected by chance. Reading this publication might just make you think again about how you view the roles of chance and skill in investing.