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Books on Investment

Investment discussion for beginners. Why you should invest your money, get help getting started
moorfield
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Re: Books on Investment

#481386

Postby moorfield » February 18th, 2022, 7:45 pm

Seth Klarman's Margin of Safety, and Phil Oakley's How to pick Quality Shares

AleisterCrowley
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Re: Books on Investment

#481388

Postby AleisterCrowley » February 18th, 2022, 8:06 pm

A lesser-known one I enjoyed
'Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School'
by Andrew Hallam
https://www.amazon.co.uk/Millionaire-Te ... rew+Hallam

It's for the interested layman rather than 'experts'/hobby investors (I'm more former than latter) and doesn't add much to the Lars Kroijer stuff, but I got my copy from Windsor library so it was free! Very Foolish.
(I did return it of course..)

absolutezero
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Re: Books on Investment

#481492

Postby absolutezero » February 19th, 2022, 1:13 pm

moorfield wrote:Seth Klarman's Margin of Safety, and Phil Oakley's How to pick Quality Shares

I quite fancied the Klarman.
Then I saw the prices of used copies on Amazon!

moorfield
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Re: Books on Investment

#481505

Postby moorfield » February 19th, 2022, 2:08 pm

absolutezero wrote:
moorfield wrote:Seth Klarman's Margin of Safety, and Phil Oakley's How to pick Quality Shares

I quite fancied the Klarman.
Then I saw the prices of used copies on Amazon!


If you search around enough you'll be able to find and download a PDF copy of it. ;)

absolutezero
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Re: Books on Investment

#481705

Postby absolutezero » February 20th, 2022, 3:47 pm

moorfield wrote:
absolutezero wrote:
moorfield wrote:Seth Klarman's Margin of Safety, and Phil Oakley's How to pick Quality Shares

I quite fancied the Klarman.
Then I saw the prices of used copies on Amazon!


If you search around enough you'll be able to find and download a PDF copy of it. ;)

I'm old school. I like proper books!

NotSure
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Re: Books on Investment

#503159

Postby NotSure » May 27th, 2022, 12:51 pm

absolutezero wrote:I'm old school. I like proper books!


Compared to Amazon prices, you could get the PDF printed and bound with a huge saving? :shock:

I used this site: https://oiipdf.com/margin-of-safety-risk-averse-value-investing-strategies-for-the-thoughtful-investor

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Re: Books on Investment

#503798

Postby Charlottesquare » May 30th, 2022, 4:08 pm

My first really good finance textbook:
Samuels and Wilkes (now with Bradshaw)
For all those yield calculations , NPVs , IRRs etc

https://www.amazon.co.uk/gp/product/186 ... bl_vppi_i0


Then one of my earlier ones from Investors Chronicle that more clearly explained varying investment types:

https://www.amazon.co.uk/Investors-Chro ... 0712660267

JohnW
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Re: Books on Investment

#510208

Postby JohnW » June 28th, 2022, 11:50 am

Have a look at Tim Hale's Smarter Investing, on google books where you can read a few pages to see if it's to your taste: https://books.google.com.au/books?id=6X ... &q&f=false
And if you search for it as a pdf you might even get a reduced price copy.

swift69
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Re: Books on Investment

#510242

Postby swift69 » June 28th, 2022, 1:16 pm

Hi, I found that How To Own The World by Andrew Craig was a great book. A real eye opener in terms of compound interest, investment portfolios and inflation.

JohnW
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Re: Books on Investment

#510540

Postby JohnW » June 29th, 2022, 9:42 am

I haven't seen the book, but he talks sense with his general approach to investing. But if he does make a thing of compound interest I'd imagine he doesn't relate it to fund fees, because his own fund which he'd welcome your investment in is a multi-asset conservative (at the moment) item which costs 1.24%/year in fees. Plenty of similar funds would cost a bit less I'd imagine.

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Re: Books on Investment

#513614

Postby DelianLeague » July 12th, 2022, 8:24 am

I have just finished reading 'The Richest Man in Babylon'

Great book and very easy to read. It cuts out all the noise and guff about investing and tells you all you need to know about living a sensible and comfortable life with regards to money.

I would recommend this book as my first choice to any person that is new to investing.

D.L.

elephanthunt11
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Re: Books on Investment

#516896

Postby elephanthunt11 » July 24th, 2022, 9:29 pm

Probably something in this order:

Stocks for the Long Run - Jeremy Siegel.
-asset classes

One up on Wall Street - Peter Lynch
-investing in what you know and some very good general attitude tips towards stock markets

The Simple Path to Wealth - J L Collins
-index tracking

100 to 1 in the Stock Market - Thomas Phelps
-what I consider to be the definitive guide on Buy and Hold investing

Lastly, anything by John Bogle.

People will be quick to recommend The Intelligent Investor by Benjamin Graham. I feel people that do so are simply parroting what they've heard Warren Buffett say. It is without a doubt the second most breathtakingly boring piece of investment literature to have ever been published, second to Security Analysis, Graham's other book.

absolutezero
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Re: Books on Investment

#516909

Postby absolutezero » July 24th, 2022, 11:02 pm

Geopolitical Alpha by Marko Papic

DM94
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Re: Books on Investment

#518386

Postby DM94 » July 30th, 2022, 7:17 pm

I'll admit I'm not a big reader however, as someone who predominantly invests in index ETFs, I do like The Little Book of Common Sense Investing by John Bogle. The Intelligent Investor by Benjamin Graham is on the to-do list!

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Re: Books on Investment

#518677

Postby 20thcenturyboy » August 1st, 2022, 4:44 am

elephanthunt11 wrote:People will be quick to recommend The Intelligent Investor by Benjamin Graham. I feel people that do so are simply parroting what they've heard Warren Buffett say. It is without a doubt the second most breathtakingly boring piece of investment literature to have ever been published, second to Security Analysis, Graham's other book.


I bought The Intelligent Investor in a 2-for-1 deal. Buffet hints on reading Chaps 8 and 20 which I duly did. Best thing about it is the commentary by Jason Zweig which summarises each chapter. Graham's writing style is of it's time of course and is somewhat longwinded. It looks nice on my bookshelf :-)

elephanthunt11
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Re: Books on Investment

#518707

Postby elephanthunt11 » August 1st, 2022, 8:48 am

20thcenturyboy wrote:
elephanthunt11 wrote:People will be quick to recommend The Intelligent Investor by Benjamin Graham. I feel people that do so are simply parroting what they've heard Warren Buffett say. It is without a doubt the second most breathtakingly boring piece of investment literature to have ever been published, second to Security Analysis, Graham's other book.


I bought The Intelligent Investor in a 2-for-1 deal. Buffet hints on reading Chaps 8 and 20 which I duly did. Best thing about it is the commentary by Jason Zweig which summarises each chapter. Graham's writing style is of it's time of course and is somewhat longwinded. It looks nice on my bookshelf :-)

It’s funny you mention that, as soon as I posted my previous comment I realised I had forgot to mention the only respite the reader gets from Graham’s drudgery is the chapter summaries by Zweig.

SalvorHardin
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Re: Books on Investment

#518712

Postby SalvorHardin » August 1st, 2022, 9:05 am

"The Intelligent Investor" and "Security Analysis" belong to the days when the stock market was far less efficient in pricing shares than it is today. Back then simply getting information about a company's accounts to a fair bit of work and it was easy to find seriously mispriced shares as long as you were prepared to put in the work (which Graham and Dodd, and later Warren Buffett were prepared to do).

On various Berkshire Hathaway forums, notably fool.com, these books are rarely mentioned in the context of present day investing.

IMHO the book that Buffett has recommended over the years which remains the most relevant to investing nowadays is Philip Fisher's "Common Stocks and Uncommon Profits". It's here where the idea of "moat" first surfaces ("moat" here means factors that to some extent protect a company's products from being commoditised, giving them greater pricing power and keep customers from switching to alternatives. Fisher's 15 points are summarised in the link below:

https://www.oldschoolvalue.com/investing-strategy/common-stock-checklist/

https://stockopedia.com/content/philip-fishers-15-point-checklist-for-investing-in-stocks-61624

TahiPanasDua
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Re: Books on Investment

#518773

Postby TahiPanasDua » August 1st, 2022, 1:02 pm

Tim Hale's Smarter Investing is full of really useful facts and sound advice.

I would recommend it but with the following proviso. The author has only basic writing skills. As a result, he managed to almost bore me on a topic I love. Be warned but struggle on!

TP2.


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