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World Book Day: 15 best books on investing, capital markets and trading

World Book Day: 15 best books on investing, capital markets and trading

World Book Day: 15 best books on investing, capital markets and trading
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By CNBCTV18.com Apr 23, 2021 9:01:23 PM IST (Published)

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SUMMARY

On World Book Day, CNBC-TV18 has listed a few books that will teach you a great deal about the stock market and investing

The Intelligent Investor is considered as the bible of investing, having taught the greatest investor of all, Warren Buffett. The book is based on the philosophy of ‘value investing', which focuses on look for mispricing between a company's market price and its intrinsic value and keeping a margin of safety.
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The Intelligent Investor is considered the bible for investing, having taught the greatest investor of all, Warren Buffett. The book is based on the philosophy of 'value investing', which focuses on mispricing between a company's market price and its intrinsic value and keeping a margin of safety.

Lynch has penned an account of his wildly successful investing style in this book. It goes into the basics of investing, like how to select stocks for your portfolio. It also briefly talks about the dynamics of the market. If you are interested in long-term investing then pick this book undoubtedly. Image Source: Amazon.com
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Lynch has penned an account of his wildly successful investing style in this book. It goes into the basics of investing, like how to select stocks for your portfolio. It also briefly talks about the dynamics of the market. If you are interested in long-term investing then pick this book undoubtedly. Image Source: Amazon.com

The book goes into the difference between working for money and having your money work for you. One of the most widely-read personal finance books, Rich Dad Poor Dad advocates the importance of financial literacy, financial independence and building wealth through various assets. Image Source: Amazon.com
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The book goes into the difference between working for money and having your money work for you. One of the most widely-read personal finance books, Rich Dad Poor Dad advocates the importance of financial literacy, financial independence and building wealth through various assets. Image Source: Amazon.com

In this classic, Phil Fisher talks about investing in potential blue chips and explores the idea behind growth investing. He lays special emphasis on small factors about a business that an investor should study about. Image Source: Amazon.com
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In this classic, Phil Fisher talks about investing in potential blue chips and explores the idea behind growth investing. He lays special emphasis on small factors about a business that an investor should study about. Image Source: Amazon.com

Written by one of the world's greatest traders, George Soros presents a theoretical and practical account of current financial trends and a new paradigm with which to understand the financial market. The book is filled with valuable business lessons and timeless principles of finance. Image Source: Amazon.com
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Written by one of the world's greatest traders, George Soros presents a theoretical and practical account of current financial trends and a new paradigm with which to understand the financial market. The book is filled with valuable business lessons and timeless principles of finance. Image Source: Amazon.com

Written by the father of behavioural finance, the scientific field that examines various emotional human biases that drive all decisions, including financial ones. Thinking, Fast and Slow lays down the work of the pioneer, Daniel Kahneman, in one comprehensive tome. Image Source: Amazon.com
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Written by the father of behavioural finance, the scientific field that examines various emotional human biases that drive all decisions, including financial ones. Thinking, Fast and Slow lays down the work of the pioneer, Daniel Kahneman, in one comprehensive tome. Image Source: Amazon.com

Put in the words of Micheal Bloomberg:
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Put in the words of Micheal Bloomberg: "A hilarious classic that proves the more things change the more they stay the same. The book describes the craziness and the passion that lives in the financial markets. The book also offers some contrarian advice on how to invest money. Image Source: Amazon.com

This investment book is widely recognized to be the biography of Jesse Livermore -- considered by some to be the greatest trader ever -- from his struggles to successes. It talks about the contradictions, redemptions and the failures that a person participating in the stock market goes through. Image Source: Amazon.com
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This investment book is widely recognized to be the biography of Jesse Livermore -- considered by some to be the greatest trader ever -- from his struggles to successes. It talks about the contradictions, redemptions and the failures that a person participating in the stock market goes through. Image Source: Amazon.com

Another book that discusses human psychology and behavioural biases, Nobel laureate Thaler writes this as part biography and part introduction to the field that is increasingly explaining the follies of investing decisions. Image Source: Amazon.com
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Another book that discusses human psychology and behavioural biases, Nobel laureate Thaler writes this as part biography and part introduction to the field that is increasingly explaining the follies of investing decisions. Image Source: Amazon.com

Considered the bible of trading, in this book, Martin Pring talks about theories, data and history of markets. If you want to learn how to read charts or trade stocks for a living, this book is a must read. Image Source: Amazon.com
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Considered the bible of trading, in this book, Martin Pring talks about theories, data and history of markets. If you want to learn how to read charts or trade stocks for a living, this book is a must read. Image Source: Amazon.com

This book is a classic interview-style investment text from a financial expert. Schwager has tried to give anecdotes and market experiences of traders who made millions from a small investment. It is among the bestselling trading books of all time. Image Source: Amazon.com
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This book is a classic interview-style investment text from a financial expert. Schwager has tried to give anecdotes and market experiences of traders who made millions from a small investment. It is among the bestselling trading books of all time. Image Source: Amazon.com

In this book, Silver simplistically explains the concepts of statistics and analytics by taking examples from politics, baseball, weather and other fields. Image Source: Amazon.com
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In this book, Silver simplistically explains the concepts of statistics and analytics by taking examples from politics, baseball, weather and other fields. Image Source: Amazon.com

In this irreverent yet extremely smart book, Taleb lays down mistakes that most experts make while undertaking statistical analyses and draws lesson for investing, and life in general, in the author's trademark caustic style. The book made popular the term 'Black Swan' as part of Taleb's theory that explained rare, difficult to predict events but which appear predictable in hindsight, such as the discovery of black swans, which the Europeans previously did know existed. Image Source: Amazon.com
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In this irreverent yet extremely smart book, Taleb lays down mistakes that most experts make while undertaking statistical analyses and draws lesson for investing, and life in general, in the author's trademark caustic style. The book made popular the term 'Black Swan' as part of Taleb's theory that explained rare, difficult to predict events but which appear predictable in hindsight, such as the discovery of black swans, which the Europeans previously did know existed. Image Source: Amazon.com

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