Whenever you read a good book, somewhere in the world a door opens to allow in more light. —Vera Nazarian
The Intelligent Investor by Benjamin Graham
Considered the bible of value investing. Teaches the fundamentals of long-term investing based on analysis rather than speculation. Key lessons include margin of safety, Mr. Market, and tuning out the noise.
Security Analysis by Benjamin Graham and David Dodd
The classic 1940 text that laid the foundation for value investing. Explains detailed financial statement analysis to find undervalued stocks. Stresses conservative estimates and sufficient diversification.
Common Stocks and Uncommon Profits by Philip Fisher
Focuses on the growth investing through qualitative analysis. Introduces the scuttlebutt method of speaking with management, employees, competitors to gain insights. Emphasizes investing in innovative companies with potential for rapid growth.
The Little Book of Common Sense Investing by John Bogle
Makes the case for index funds and buy-and-hold investing for the average investor. Demonstrates how active investing rarely outperforms the overall market over the long run due to fees. A simple, low-cost approach.
One Up on Wall Street by Peter Lynch
Explains how average investors can use insights from everyday life for stock ideas. Details approach of growth at a reasonable price. Emphasizes understanding companies and their fundamentals thoroughly before investing.