Book Recommendations
[vc_row][vc_column][vc_column_text]
Looking for a good investment book?
Wondering What Books You Can Read In Your Investment Journey? Improve your value investing skills through these books.
Here are some of our favourites:
BASIC – TIME TO DO SOME INVESTING LEGWORK |
|
Invest Lah! The Average Joe’s Guide To Investing | Ser Jing, Sudhan, Wei Lin |
One Up On Wall Street | Peter Lynch |
The Five Rules for Successful Stock Investing | Pat Dorsey |
Rich Dad Poor Dad | Robert Kiyosaki |
Show Me the Money | Teh Hooi Ling |
The Education of a Value Investor: My Transformation Quest for Wealth, Wisdom and Enlightenment | Guy Spier |
The Little Book that Builds Wealth | Pat Dorsey |
The Little Book that Beats the Market | Joel Greenblatt |
The Value Investors: Lessons from the World’s Top Fund Managers | Ronald W. Chan |
INTERMEDIATE – WHEN THINGS GET SERIOUS |
|
Beating the Street | Peter Lynch |
Common Stocks and Uncommon Profits and Other Writings | Philip Fisher |
Competition Demystified: A Radically Simplified Approach to Business Strategy | Bruce Greenwald and Judd Kahn |
Fooling Some of the People All of the Time | David Einhorn |
John Neff on Investing | John Neff |
Margin of Safety | Seth Klarman |
Poor Charlies’s Almanac | Bruce Greenwald and Judd Kahn |
Quality of Earnings | Thornton L. O’Glove |
The Essays of Warren Buffett: Lessons for Corporate America | Warren Buffett and Lawrence Cunningham |
The Intelligent Investor | Benjamin Graham |
The Manual of Ideas: The Proven Framework for Finding the Best Value Investments | John Mihaljevic |
Value Investing: From Graham to Buffett and Beyond | Bruce Greenwald |
ADVANCED – YOUR INVESTING GAME IS STRONG |
|
Security Analysis | Benjamin Graham and David Dodd |
The Most Important Thing | Howard Marks |
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success |
William Thorndike |
– | – |
NON-INVESTMENT BOOKS THAT WORTH YOUR TIME |
|
Influence: The Psychology of Persuasion | Robert B.Cialdini |
How to Win Friends and Influence People | Dale Carnegie |
Think and Grow Rich | Napolean Hill |
Way To Wealth | Benjamin Franklin |
– | – |
What other books do you think should be on this list? Do let us know below!
Any other books you think should be on our list? Let us know right here or in the comments below!
*Disclaimer: We are affiliates with Amazon and Book Depository. When you buy a book through our links, we do get a small (very small) commission from Amazon or Book Depository, but at no additional cost to you. Thank you for your support.[/vc_column_text][vc_custom_heading text=”7 thoughts on “Book Recommendations”” use_theme_fonts=”yes”][vc_column_text][/vc_column_text][vc_row_inner css=”.vc_custom_1556695385152{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]I disagree with the book “The Five Rules for Successful Stock Investing” by Pat Dorsey being placed in the Advanced category. I believe it should be placed in the Basic category because this was the one and only book that clarified everything about Stock Investing process, Stock analysis, Stock Investing pitfalls and what to avoid, to me when I was completely new and ignorant and scouted everywhere for a book that could teach the basics to a novice. No jargon, no hype … just a very sensible, mature, clear, concise and simplified manner of explaining, with real-life examples. Easy to understand for anyone who is a novice and completely new to Equities Investing.
To categorise this book as “Advanced” would be to deny a novice of picking this book as a first book to learn about Equities Investing, and that would be a real shame. Believe me, I am speaking from personal experience.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text][/vc_column_text][vc_row_inner css=”.vc_custom_1556696015281{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]That sounds fair, Anon. Yes, maybe we will move it up to the beginner section:)[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text]
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner css=”.vc_custom_1556696188898{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]Seconded on The Outsiders! Fantastic read on how management should be allocating capital.
My recommendations:
Asian Godfathers by Joe Studwell – gives you more history/context of how the current billionaires build their wealth in the Singapore/Hong Kong context, especially on SEA real estate industry
Adding on quality of earnings, i found these books to be particularly helpful as well;
Asian Financial Statement Analysis: Detecting Financial Irregularities ( case studies are mostly centered around Singapore stocks. Recommended )
Creative Cashflow Reporting: Uncovering sustainable financial performance
It’s Earnings That Count: Finding Stocks with Earnings Power for Long-Term Profits
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
The Art of Short Selling
What’s Behind the Numbers?: A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio ( bit of a dense read but decent overall )
However, i disagree on Competition Demystified. My understanding is that Greenwald is essentially saying competition is bad for business, a monopoly or duopoly would be ideal to earn higher returns than say oligopolies.
Sounds great in theory but in reality not so good. Because they are the incumbents, there is no incentive to maximize for”higher returns” . Take a look at the financial statements of “monopolies” and “duopolies” in Singapore.
Singtel, M1, Starhub and Circlelife – they don’t really differ that much in terms of performance
Singpost – network advantage but languishing because of poor management
UOB, DBS and OCBC – numbers don’t really differ much from each other either.
i would argue it is a misleading book when you try to apply the framework; Michael porter’s approach is still the way to go when evaluating “moats”.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text][/vc_column_text][vc_row_inner css=”.vc_custom_1556696533836{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]Great recommendations! love it![/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]
[/vc_column_text][vc_row_inner css=”.vc_custom_1556696662479{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]Love your contents, thanks for sharing. Just one minor typo error for “Cale Carnegie”[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]
[/vc_column_text][vc_row_inner css=”.vc_custom_1556696832243{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]Hi Tom,
Thanks for spotting that.
Changed.
Thank you
Regards[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text][/vc_column_text][vc_row_inner css=”.vc_custom_1556696965798{background-color: #f8f8f8 !important;}”][vc_column_inner][vc_column_text]Hi Carlos,
Thank you for your interests, you can email us at info@valueinvestasia.com to discuss more.
Thanks.
VIA[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]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[/vc_raw_html][vc_raw_html]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[/vc_raw_html][vc_column_text][/vc_column_text][/vc_column][/vc_row]
I disagree with the book “The Five Rules for Successful Stock Investing” by Pat Dorsey being placed in the Advanced category. I believe it should be placed in the Basic category because this was the one and only book that clarified everything about Stock Investing process, Stock analysis, Stock Investing pitfalls and what to avoid, to me when I was completely new and ignorant and scouted everywhere for a book that could teach the basics to a novice. No jargon, no hype … just a very sensible, mature, clear, concise and simplified manner of explaining, with real-life examples. Easy to understand for anyone who is a novice and completely new to Equities Investing.
To categorise this book as “Advanced” would be to deny a novice of picking this book as a first book to learn about Equities Investing, and that would be a real shame. Believe me, I am speaking from personal experience.
That sounds fair, Anon. Yes, maybe we will move it up to the beginner section:)
Seconded on The Outsiders! Fantastic read on how management should be allocating capital.
My recommendations:
Asian Godfathers by Joe Studwell – gives you more history/context of how the current billionaires build their wealth in the Singapore/Hong Kong context, especially on SEA real estate industry
Adding on quality of earnings, i found these books to be particularly helpful as well;
Asian Financial Statement Analysis: Detecting Financial Irregularities ( case studies are mostly centered around Singapore stocks. Recommended )
Creative Cashflow Reporting: Uncovering sustainable financial performance
It’s Earnings That Count: Finding Stocks with Earnings Power for Long-Term Profits
Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
The Art of Short Selling
What’s Behind the Numbers?: A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio ( bit of a dense read but decent overall )
However, i disagree on Competition Demystified. My understanding is that Greenwald is essentially saying competition is bad for business, a monopoly or duopoly would be ideal to earn higher returns than say oligopolies.
Sounds great in theory but in reality not so good. Because they are the incumbents, there is no incentive to maximize for”higher returns” . Take a look at the financial statements of “monopolies” and “duopolies” in Singapore.
Singtel, M1, Starhub and Circlelife – they don’t really differ that much in terms of performance
Singpost – network advantage but languishing because of poor management
UOB, DBS and OCBC – numbers don’t really differ much from each other either.
i would argue it is a misleading book when you try to apply the framework; Michael porter’s approach is still the way to go when evaluating “moats”.
Great recommendations! love it!
Love your contents, thanks for sharing. Just one minor typo error for “Cale Carnegie”
Hi Tom,
Thanks for spotting that.
Changed.
Thank you
Regards
Hi Carlos,
Thank you for your interests, you can email us at info@valueinvestasia.com to discuss more.
Thanks.
VIA