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 InvestingSer Jing, Sudhan, Wei Lin
One Up On Wall StreetPeter Lynch
The Five Rules for Successful Stock Investing Pat Dorsey
Rich Dad Poor DadRobert Kiyosaki
Show Me the MoneyTeh Hooi Ling
The Education of a Value Investor: My Transformation Quest for Wealth, Wisdom and EnlightenmentGuy Spier
The Little Book that Builds Wealth Pat Dorsey
The Little Book that Beats the MarketJoel Greenblatt
The Value Investors: Lessons from the World’s Top Fund ManagersRonald W. Chan

 

INTERMEDIATE – WHEN THINGS GET SERIOUS
Beating the StreetPeter Lynch
Common Stocks and Uncommon Profits and Other WritingsPhilip Fisher
Competition Demystified: A Radically Simplified Approach to Business StrategyBruce Greenwald and Judd Kahn
Fooling Some of the People All of the TimeDavid Einhorn
John Neff on InvestingJohn Neff
Margin of Safety Seth Klarman
Poor Charlies’s AlmanacBruce Greenwald and Judd Kahn
Quality of EarningsThornton L. O’Glove
The Essays of Warren Buffett: Lessons for Corporate AmericaWarren Buffett and Lawrence Cunningham
The Intelligent InvestorBenjamin Graham
The Manual of Ideas: The Proven Framework for Finding the Best Value InvestmentsJohn Mihaljevic
Value Investing: From Graham to Buffett and BeyondBruce Greenwald

 

ADVANCED – YOUR INVESTING GAME IS STRONG
Security AnalysisBenjamin Graham and David Dodd
The Most Important ThingHoward Marks
The Outsiders: Eight Unconventional CEOs and Their Radically Rational
Blueprint for Success
 William Thorndike
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NON-INVESTMENT BOOKS THAT WORTH YOUR TIME
Influence: The Psychology of PersuasionRobert B.Cialdini
How to Win Friends and Influence PeopleDale 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!

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7 thoughts on “Book Recommendations”

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

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