What is the best textbook on investing

The 10 Best Books for Investors (2021)

Warren Buffet's best friend Charlie Munger once said he didn't know "no smart person who doesn't read all the time - absolutely no one." And if one of the biggest investors says that, then there will be something to it. If you want to become a great investor, you can't avoid reading it regularly. That's why today we're presenting you with a selection of the 10 best books for investors and those who want to become one.

Do you have a book tip? Feel free to leave us a comment.

1. "Intelligent Investing" by Benjamin Graham

For some investors, his book is considered the "bible of investing". Benjamin Graham is considered the father of the “value investing” strategy and with his book “The Intelligent Investor” he set standards and rules that are still valid today. The most famous student of Graham's teaching is Warren E. Buffet, who is now considered the most successful investor in the world. “Intelligent Investing” does not teach you how to analyze individual stocks, but rather long-term, tested and practicable approaches that almost every investor can use for themselves.

Link to the book

 

2. "The Principles of Success" by Ray Dalio

The NEW YORK TIMES bestseller “Principles of Success” by Ray Dalio is the new must-read for investors who are still in doubt about their investment strategies. For the first time, the successful hedge fund manager gives deep insights into his world - behind the scenes of his hermetically sealed company Bridgewater Associates. Why does one of the 50 richest men in the world suddenly write this book? He answers this question right at the beginning: The realization that it is better to “help others to be more successful than to concentrate on being even more successful myself” is his motivation. Despite learning principles, Dalio is certain of one thing: that failure is an important to-do. Painful failures kept him from making the same mistakes again. The core of the principles is constant improvement through radical transparency and truthfulness.

Link to the book

Already knew? Our excellent all-weather ETF portfolio is based on Ray Dalio's investment philosophy. Please take a look at it. »Click here for the all-weather portfolio, awarded for the best risk-return ratio and excellent risk management.

3. “One step ahead of the stock market” by Peter Lynch

This classic of the investment literature convincingly illustrates why it can be worthwhile to invest in the largest companies over the long term. Peter Lynch believes that any retail investor who invests even 3% of their monthly surplus in stocks can pick stocks just as well as a professional Wall Street investor. Peter Lynch goes into great detail in his book. If you are not looking for a general strategy, but a specific key figure analysis and examples from the real world, this is the right place for you. Particularly well suited for advanced learners and those who want to delve deeply into the material of the financial market. The best thing about the book is that it is not only incredibly educational, but also extremely entertaining!

Link to the book

4. "Boost Your Financial IQ: How To Be Smarter With Your Money" by Robert T. Kiyosaki

“This book is not going to tell you what to do. The point is that you become financially wiser ”, writes Robert T. Kiyosaki in his comments on the title“ Boost Your Financial IQ ”, published in July by FinanzBuch Verlag. In the author's foreword, the American President Donald J. Trump points out how important financial education is and that this book knows the recipe for success of modern capitalism. The perfect introduction to the main focus of the work; how to solve financial problems - and thus increase your financial intelligence. Robert Kiyosaki explains which aspects of the changed financial market since 1974 from the point of view of the successful author of the top 10 bestseller "Rich Dad Poor Dad" of the Wall Street Journal by categorizing the problem areas of the poor, the middle and the rich. Read the financial rules from the perspective of a very successful book author and financial world visionary.

Link to the book

5. “Quantum Economy” by Anders Indset

The rapid development of artificial intelligence, the first quantum computers and the automation of ever more areas of life and work will have massive effects on our future and our economic model. Algorithms are becoming authorities and they will inevitably compete against each other. But technology alone cannot and will not be the answer to all of our challenges. We humans are still the drivers and links that can control our environment, society, economy and reality.

Anders Indset develops three scenarios for the next 10 to 20 years in which our future will be decided irreversibly.

 

Link to the book

6. "Rich Dad Poor Dad" by Robert T. Kiyosaki

Rich Dad Poor Dad is less of a book about investing than a philosophy book about the way we think about money. Robert T. Kiyosaki's message is simple: the poor and middle class squander their money mostly on debt, while the rich invest in assets and let their money work for them. But how do you begin to see money as a resource, to be like a rich man? Robert Kiyosaki conveys this from the perspective of a little boy who grows up between his “poor” middle-class father and a rich mentor. A really entertaining book that has gotten some people to think more about money and start investing.

Link to the book

7. “The Secrets of Securities Analysis” by Benjamin Graham and David L. Dodd

Warren Buffet once said that this book gave him a roadmap for investing that he has followed for 57 years. Right after his father, Graham is the second most influential person in his life. The book “Secrets of Securities Analysis” is one of the most comprehensive on the stock market and required reading for every serious investor. It is the standard work on fundamental analysis of securities. It is less of a book to browse and more of a work for serious work and study. For all those who want to invest successfully in the stock market over the long term, it is certainly a worthwhile investment.

Link to the book

8. "The Warren Buffet Way" by Robert G. Hagstrom

In his book, the author Robert Hagstrom focuses less on the biography of Warren Buffet and more on Buffet's strategies and his most important investments. The book is based on Buffet's well-known “shareholder letters”, which are also an insider tip in investment literature. Hagstrom summarizes the key messages of these letters and supplements them with relevant knowledge about stocks and buffets. This creates an extremely useful and exciting book.

Link to the book

 

9. "The Professional Investment Strategy" by Philip Fisher

Philip Fisher's “professional investment strategy” is also a great classic. For many of the leading investment professionals, the book is an essential part of their education. This book has been part of the curriculum at the Stanford Graduate School of Business for many years. The university is known for excellent graduates who are now among the leading experts in finance. Warren Buffet described this book as pioneering his own investment strategy. The book conveys solid knowledge about the markets and how one can recognize good and bad companies outside the charts. Every investor should have read this book.

Link to the book

10. “Invest confidently with index funds and ETFs” by Gerd Kommer

This book is aimed at the average saver who wants to invest their wealth profitably with little effort. Above all, the author compares the performance of actively managed investment funds with passive ones, such as ETFs. Diversification is also an important part of the book. The book is particularly recommended for anyone who wants to invest money without great effort and complicated strategies. Unlike the other books, this is not about understanding how the markets work, but about investing your money as simply as possible and as passively as possible. A clear buy recommendation for every small investor who wants to venture into the stock market.

Link to the book

Do you know any other books?

Can you recommend more books for investing in 2021? Do you have an opinion on our top 10?

We'll be happy to receive your comments!