Have you been thinking of getting into the stock market to earn that extra money, and feel the need to understand it from scratch? Or, you have watched the latest web series ‘Scam 1992 – Harshad Mehta Story’ and are impressed by the grandeur of the stock market and want to start investing.
Even though there are a plethora of websites and tons of
articles on the topic ‘stock market’ over the internet, we feel ourselves
seeking a greater historical perspective and detailed analysis by the best
players in the field, in which case one should always consider reading classic
investment books on stock market which will be very useful especially for beginners.
There are many stock market based books by famous authors that can guide you
through the fundamentals of investing, how the market works, and different
investing styles. Deciding which book to read first can be overwhelming to some
people, and that is why we have compiled ten of the best stock market books for beginners, all of which are available on amazon. Read on!
You will be redirected to the amazon by clicking on the images of the books, where you can buy these books.
1. The Intelligent Investor by Benjamin Graham
One of the oldest books on this list, Benjamin Graham’s “The
Intelligent Investor”, is also referred to as the bible of the stock market,
and has been around since 1949, comes at 1st place in our list of best stock market books for beginners. Written by Benjamin Graham, Guru of the
famous investor Warren Buffett, this classic largely focuses on the
concept of value investing and dollar-cost averaging, strategies that made
Warren Buffett tremendously successful and wealthy.
Along with the concepts of investing approach for a
defensive investor and enterprising (aggressive) investor, Graham also
introduces the concept, Mr. Market and Margin of Safety for easy
understanding of market behavior and risk management for the readers.
You will enjoy reading this book as it will feel like you
are reading a story from the 1940s but be advised that it might feel a little
difficult to maintain the momentum as few chapters are irrelevant to the Indian
stock market. However, the time-tested principles that every investor can use
make this book worth reading.
The Intelligent Investor by Benjamin Graham is available on Amazon
as a paperback, Kindle edition, and even in the audiobook format, and is rated
4.4 out of 5 stars by the customers.
2. Stock Investing for Dummies (For Dummies (Business & Personal Finance)) by Paul Mladjenovic
The title of the book fits the description of its content and this books comes at 2nd place in our list of best stock market books for beginners.
Author Paul Mladjenovic has written this book specifically for the newbies or
dummies. The book considers the reader to be dumb (not having any knowledge of the
stock market) and guides him through the basics beginning with basic information
on ETFs (Exchange Traded Fund), safer ways to invest in the stock market, new
rules, exchanges, and investment vehicles. It also provides insight into the
European debt crisis.
Real-life examples given in this book allows the reader to
break down the concepts more easily. From the basic stock math to the more
intricate things such as picking ETFs or mutual funds can be learned from this
book. After completing reading this book, you will have learned how to
incorporate stocks into your investment portfolio, be able to understand and
capitalize on current market conditions, learn how to balance risk and reward,
and much more. We would suggest you invest in this book rather than in video
tutorials, as this book has an abundance of information that can be easily
understood by any, literally any person.
Stock Investing for Dummies by Paul Mladjenovic is rated 4.5
out of 5 stars by customers and is available on Amazon in both paperbacks as
well as audiobook format.
Also read; 5 Tips for stocks market beginners while investing.
3. One Upon Wall Street by Peter Lynch
Penned by one of the most successful fund managers of
America, Peter Lynch holds the record for providing 30% average annual returns
on his portfolio for a period of 13 years. This book can be considered a
classic for people starting in the stock market and comes at 3rd place in our list of best stock market books for beginners who do not aim to turn into
Warren Buffett. Lynch talks about the inner ability and knowledge of each
individual and the power of common knowledge and how to make use of it to
predict and make money from the stock market.
The author coins the term “tenbaggers”, which stand for
investments that return ten times their initial price. Lynch talks about
finding these “tenbaggers” which will eventually turn an average stock
portfolio into a star performer and also emphasizes the importance of long-term
investment.
All these basics along with a hint of humor are beautifully
laid out in an easy-to-understand manner and language. The book is a real page-turner
and you are bound to have fun along with the learning.
One Up on Wall Street by Peter Lynch can be purchased on Amazon
in either paperback or kindle format. The customers have rated this book 4.3
out of 5 stars.
4. The Essays of Warren Buffett: Lessons for Corporate America by authors Lawrence A. Cunningham and Warren E. Buffett
The list of best stock market books for beginners would be
incomplete without the mention of Berkshire Hathaway’s CEO Warren Buffett. If
you’re interested in learning how this business tycoon made his money in the
stock market, this book is a perfect read. Both new and experienced investors
alike can attain valuable and timeless information in the form of Mr. Buffett’s
unique thoughts and insights.
Warren Buffett congratulates co-author Larry Cunningham for
doing a great job at collating both their philosophies. The Financial Times
describes this book as “A classic on value investing and the definitive source
on Buffet”.
All in all, the wisdom and tips provided in this classic
collection of essays will prove helpful to any newbie who is looking to invest
in the stock market which makes this book a must-have.
With a customer rating of 4.7 out of 5 stars, this book is
available on Amazon in both kindle and paperback format.
5. Irrational Exuberance by Robert J. Shiller
The book comes at 5th place in this list of best stock market books for beginners. Named after Alan Greenspan’s (Former fed chairman of
America) infamous 1996 comment in his speech, irrational exuberance means the
market optimism which lacks fundamental valuation but rather rests on
psychological and emotional factors. Nobel prize-winning Yale economist and
author of this book, Robert J. Shiller explains in detail, the title of the
book to his readers.
The book is a beautiful masterpiece encompassing the careful
study and widely researched data which showcases how human emotions are at play
in the stock market and how recent markets reflect the psychologically driven
unpredictability.
Shiller carefully points out that the enormous stock market
boom that was seen around 1982 was not based on sensible economic foundations
but rather more emotion-based, which he calls the stock market bubble.
The reason this book made the list is that in maximum cases
investors fall prey to their emotions and often overlook the fundamentals, and
this book aims at teaching the readers on dodging these circumstances.
Rated 4.3 out of 5 stars, you can get this book from Amazon
in Kindle, paperback, hardcover as well as in audiobook format.
Also read; Rakesh Jhunjhunwala's biggest investment that made him the big bull of the stock market.
6. The Little Book That Beats the Market by Joel Greenblatt
This book is written for the ones who don’t have any clue
about investing or about the stock market and comes at the 6th in the list of best stock market books for beginners. I cannot be more serious when I say
that upon reading this book you will have the idea of how to double the market’s
return which you won’t learn in two years or MBA school.
Joel Greenblatt, Founder and Managing Partner at Gotham
Capital has his record for achieving average annual returns of 40% for over 20
years! Joel pens down the “magic formula” in this book which indeed works like
a charm and helps investors to buy good companies at bargain prices. Though the
“magic formula” is extensively tested and stands out in the academic and professional
world, author Joel explains it using basic math and a very simple language
hinted at with a sense of humor.
Greenblatt also talks about using low-risk methods to beat
the market, why everyone doesn’t has continued success in the market, and much
more interesting stuff. The title of the book “The Little Book That Beats the
Market” stays true to its name. This book is a powerful tool that can be used
by beginners and professionals alike to create wealth for themselves.
You can purchase this book via Amazon in both hardcover and Kindle
format and it is rated 4.4 out of 5 stars by the customers.
7. Stocks for the Long Run 5/E by Jeremy Siegel
If you are a beginner and are more focused on long-term
investment then this book is exactly for you. Siegel, explains how stocks are
safer in a long run even in such a robust market where people don’t have the
patience for long-term investments. He also touches upon how to calculate the
stock returns and how to analyze stocks and much more technical aspects. This book
can be digested completely if the reader has some basics of the stock market.
Rated 4.6 out of 5 stars by the customers, this book can be purchased via Amazon in the hardcover format.
8. Stocks to Riches by Parag Parikh
Investing in the stock market is only becoming more complicated due to its unpredictability. Questions such as what goes on in an investor’s mind? What makes a stock market bubble? How does it burst? And many more intrigued Parag Parikh, a seasoned broker, and expert, who took up the task of answering these questions which come to us in the form of his book “Stocks to Riches” and we ranked this book at 8th place in our list of best stock market books for beginners.
There is a saying ‘learn from your mistakes’, but mistakes
in the stock market end up costing fortunes, and that is why Parikh offers his
insights backed by years of experience so that beginners refrain from making
mistakes. Ravi Mohan, Managing Director & CEO of CRISIL Limited says “First
book on the stock market for the large investor, in a simple, easy-to-understand
language, which imparts sound thinking on the behavior and philosophy of
investing in the stock market.”
This book is a must-read for Indian investors, beginners, or
experienced alike. It is available on Amazon in both paperback and Kindle
format and is rated 4.2 out of 5 stars.
Also read; How to choose your first stock?
9. Common Stocks and Uncommon Profits by Philip A. Fisher
The author Philip A. Fisher is one of the most influential and best book for stock market beginners. His investment philosophies and strategies are not only praised
and followed by many famous names in the stock market but are also regarded by
many as gospel.
The author has beautifully written the book, the contents of
which are easy to read and understand by beginners. Some of the most important
chapters in the book are – What to buy, where to buy and When to sell. What to
buy, contains 15 points that every investor has to look into before buying common
stocks. Where to buy, elegantly explains the dimensions of conservative
investments and the part when to sell, contains important insights for judging
the market and building an investment philosophy.
Available on Amazon as a paperback and audiobook, this book is
rated 4.2 out of 5 stars.
10. Rich Dad Poor Dad by Robert T. Kiyosaki
Saving the best for the last, Robert Kiyosaki’s “Rich Dad Poor Dad”
is undoubtedly the book that every stock market beginner who wishes to enter the financial
arena must-read. This best-seller tells Robert’s story of growing up with two
dads – his real father and his best friend’s father, and how both men shaped
his thoughts about money and investing. The beautifully explains the difference
between working for money and having your money work for you.
Robert talks about how his other dad changed the concept of money
and investment for him since he was a child. He also emphasizes how the modern
school system cannot teach children about money and its management. Robert also
urges the readers to get out of the “Rat Race” and have the ability to take
risks.
I know that before getting into the stock market many people will
advise against it, or scare you about the risks involved, and due to this reason,
it becomes very crucial for a beginner to be motivated enough to have
confidence and start investing, and this book does exactly that. This book has
given plenty of people new insights, hopes, and an abundance of motivation.
So, don’t wait much, go ahead and grab a copy of this book available
on Amazon (paperback and kindle) and gather all the motivation you need from
this book to begin your journey in the gold mine, this is the stock market.
Top 5 Hindi Books to Read on stock market investment
1. Share Market Se Kaise Banaye Maine 10 Crore by Nicolas Darvas
This book is the Hindi translation of the original book “How I Made $2,000,000 in The Stock Market” by author Nicolas Darvas and one of the best stock market books for beginners. The original book in English was a hit and bestseller and talks about how a common man can earn money in the stock market and thus is translated into Hindi to reach the most common man. This book covers the story of a Hungarian economist from the University of Budapest who migrated to Turkey at the age of 23 using a fake exit visa. With a very small amount of money in his pocket and his bookish knowledge of the share market, he made 10 Crore rupees from a very small investment. This beautiful book shares with its readers the different methods used by this man to make his huge wealth by using very simple language.
This book is available on Amazon in both Kindle for Rs.99 and Paperback format for a very small price of Rs.175.
2. Kaise Stock Market Mei Nivesh Kare by TV 18 Broadcast Ltd.
TV 18 Broadcast Ltd brings its readers the best comprehensive guide for any stock market beginner can go with this book who is looking to invest his hard-earned money into the illustrious stock market. This book covers the most basic and important aspects of the stock market, the pros, and cons of the investment, and some marinated tips. This book is written in a very easy Hindi language that can be understood by any common man and serves as a standard guide.
This book is available on Amazon for Rs.350 (Kindle Edition). It is rated 3.6 out of 5 stars by the customers.
3. Intraday Trading Ki Pehchan – Guide to Day Trading by Ankita Gala & Jitendra Gala
For a low price of Rs.225 for the paperback version on Amazon, this book penned by Ankita Gala & Jitendra Gala is a very simple yet efficient book written in a very easy Hindi language that can be understood by almost anybody. This book introduces its readers to Intraday Trading, the Securities Market, Online Terminals, and many other technical aspects of stock trading. This book requires its readers to have some basic knowledge of the stock market. Hence, it is not suited for beginners. But it is the best book in Hindi for traders who follow intraday trading.
It has got a customer rating of 3.5 stars out of 5 stars on Amazon.
4. Share Market Guide by Sudha Shrimali
Author Sudha Shrimali has nailed all the basics of the share market in her book “Share market Guide”. This book beautifully uncovers all the puzzling terminology used in the share market and tries to explain each such term in easy Hindi with very understandable examples. This book covers many basic topics such as, how the share market works, what is a commodity market, what are mutual funds and it also tells the history of the share market, its rises, and falls, and many more.
This book is a perfect guide for beginners in the share market but also serves as a comprehensive guide to professionals as well.
It is available on Amazon for a low price of Rs. 189 for the paperback edition and just Rs.15 for the Kindle Edition.
5. Share Market Mein Chandu Ne Kaise Kamaya by Mahesh Chandra Kaushik
With a title that best explains the book, author Mahesh Chandra Kaushik directly gets to the point of how the beginners in the share market can benefit from positional trading and make profits over holding assets for long period. The author claims that after reading this book, the readers will themselves understand the dynamics of the share market, that is when to buy a share and when to sell it. Readers will also be able to analyze the market trends and sell their shares well before their value collapses. Investors after reading this book will be able to build a healthy portfolio that will generate a good number of profits if not hefty without any dominant risk.
This book is available on Amazon for just Rs.120 in the Paperback format and a mere Rs.15 for the Kindle version with an average rating of 4 stars out of 5 by the customers.
Bottom Line
We understand that investing can be difficult for beginners and
the constant scare and myths only make it harder. That is why we are presenting
you with a list of some of the best stock market books for beginners, get yourself all the basic knowledge you need to start
investing.
If you enjoyed this article and found it helpful, please subscribe to our blog and share this post with your buddies who are also looking to begin investing in the stock market. Good bye and Happy investing✌✌.
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