My favourite books that helped me build my portfolio over time. What’s yours?
Always a popular choice on the UK finance related subreddits:
Learn from the best: Warren Buffett Way
Invest Like the Best podcast is good also
Not interesting in trading books, but keen to learn and read more on strategies and hedge funds if anyone has any recommendations?
The two that got me started in this whole thing:
Both great for getting you into the investing mindset, and the idea of ‘dollar’ cost-averaging.
Typing shares or investment into Amazon gives you dozens of books to choose from but I wanted a complete beginners book with only U.K. terms, so I spent yesterday reading this
I thought it was brilliant and if you’re completely new to all this then I highly recommend it. It didn’t mention ETFs but I got the 2nd edition and there is a 3rd edition released this year which might be more up to date.
Covers types of shares, how they’re traded, types of index, dividends, how to read a financial report, analysts, mergers etc. I’m going to use my new knowledge to say ‘dead cat bounce’ and ‘catching knives’ sagely when the need arises
I completely forgot I had this book until now.
If you’re interested in stories from the industry, as well as guides and tips on navigating the market, I’d check out:
- Black Edge - I loved this one, the story behind Steve Cohen & SAC Capital (or Bobby Axelrod, if you watch Billions)
- The Spider Network - Fascinating read into Tom Hayes and the LIBOR scandal
- Crashed - Super account of the financial crisis
- Michael Lewis has been mentioned already, but Liar’s Poker, The Big Short, Flash Boys should be on your list, to name a few
Then some others on corporate downfalls, not really as relevant to investing but still fascinating…
- Bad Blood - if you haven’t already read this one on the Theranos fraud, get it on your list
- Barbarians at the gate - one of the classics on corporate greed in the 80s
- The smartest guys in the room - ENRON!
If you’d like any more recommendations, just shout
On the story side also:
The Great Silver Bubble is very interesting; story of a pair of incredibly wealthy brothers (think original Kochs) trying to corner the world silver market. Basically own enough of the world’s silver to control the market (you’re not allowed to do this).
A few that started off as essays/articles:
The second one is genre bending and I wasn’t sure whether to even include it but here we are