Book Recommendations for Investors

Top Investing Books For Beginners

For beginner investors, it can be difficult to find worthwhile information about the basics of financial markets. With virtually endless information out there, knowing what to read (and what to avoid!) is critical.To help, we’ve gathered the collective power of the Hive. Every podcast guest on Conversations With Bilal, from Lord Mervyn King to David Rubenstein and Raghu Rajan, has contributed a personal favourite. We compile these books here to help you become a better investor.

We understand there are a lot of different types of investments. We also know that every investor is unique and may have a different area of interest. As such, we made sure our list covers book recommendations for beginner investors through to advanced investors.

Remember these titles are recommended by the experts that appear on our podcasts. These experts are leaders in the world of business and finance, and many of these books were instrumental in helping them get better at the art of investing. Below are a few of our favourites.

Stock Market Books For Beginners

• The Intelligent Investor by Benjamin Graham: The most important book for new investors. Explains the concepts of value investing.
• Common Stocks and Uncommon Profits by Phillip A. Fisher: Explores how profits can be found even in some of the most well-known companies in the market. Great for beginner investors looking for a risk-averse approach to the stock market.

Passive Income Books

• Think and Grow Rich by Napoleon Hill: A primer on how the psychology of money works. A must-read for anyone looking to build passive income sources.
• The Handbook of Fixed Income Securities by Frank J. Fabozzi: Fixed income securities are perhaps one of the safest passive income sources out there. This book serves as a guide to investing in them.

Economics Books

• Wealth of Nations by Adam Smith: The most fundamental book on economics out there. A great starting point for anyone looking to develop a deep and comprehensive grasp of capitalism. Be warned, though, the book is quite long and extremely dry.
• Capitalism and Freedom by Milton Friedman: A detailed explanation of how capitalism can work within the confines of a central government. Also takes a look at why capitalism works both politically and economically.

Books on Options Trading

• Options, Futures, and Other Derivatives by John C. Hull: A great guide for investors who already have a grasp of the stock market and want to make the jump to derivatives.
• The Black Swan by Nassim Nicholas Taleb: A detailed look into how impactful highly improbable events can be. Great for advanced traders looking to make risky bets.

Books on Starting a Business

• Competitive Strategy by Michael E. Porter: A detailed analysis of all the factors upon which companies may compete with each other.
• The New One Minute Manager by Kenneth Blanchard, Spencer Johnson: A great guide with easy-to-follow techniques for managers looking to efficiently lead others.

FAQs

→ How To Learn Stock Trading From Books?

Books offer great advice on how to trade stocks. They usually impart wisdom on how to implement a certain trading strategy or philosophy. However, you should remember that you can only learn so much from reading. Eventually, you must try investing yourself.

→ What Is A Good Book To Read For Financial Hacks?

There are many books that talk about financial hacks. Taking a look at our list of must-read books would be a good idea.