The 9 Best Investing Books Of 2023
Kara Porter 8-minute read
August 22, 2023
Are you seeking to learn more about financial matters and make informed investment decisions? Look no further! We’ve curated a selection of the top five best investment books in 2023 followed by the top four investment books by category. Whether you're a novice or an experienced investor, these books will arm you with the necessary tools to take charge of your financial future. You have every right to be well-informed about your money, and with these resources, you'll be able to uncover the secrets of successful investing. So, prepare to take your financial expertise to the next level as we explore the top investment books of the year.
The Overall 5 Best Books On Investing
First, let's start with the top five recommended books on investing so far this year.
1. “The Intelligent Investor”
“The Intelligent Investor” is a must-read for any aspiring investor looking to understand the principles of value investing. Written by Benjamin Graham and first published in 1949, this book has stood the test of time and continues to be a cornerstone for investors seeking long-term success. Graham, known as the "father of value investing," provides a comprehensive guide on how to analyze and choose stocks, as well as valuable insights on risk management and portfolio diversification.
In “The Intelligent Investor,” Graham emphasizes the importance of conducting thorough analysis and making informed investment decisions based on intrinsic value rather than speculative market trends. He encourages investors to adopt a disciplined and patient approach, advocating for purchasing stocks when they are undervalued and selling them when they are overvalued. By following the principles outlined in this book, readers can develop a sound investment strategy focusing on long-term growth and minimizing the risks associated with market fluctuations.
This book is suited for both beginner and experienced investors alike. If you're new to investing, “The Intelligent Investor” will provide you with a solid foundation and guide you through the fundamentals of value investing. For seasoned investors, it serves as an excellent refresher and a reminder of the timeless principles that have proven successful over the years.
You can purchase a copy on Amazon: The Intelligent Investor: The Definitive Book On Value Investing. The book has over 38,000 global reviews and is rated 4.7 out of 5 stars.
2. “The Bond King”
For those seeking a captivating and informative read on the intricate world of bond trading, “The Bond King: How One Man Made A Market, Built An Empire, And Lost It All” by Mary Childs is a must-read. This exceptional book, published in 2022, delves into the illustrious career of Bill Gross, a prominent figure in the finance industry who gained fame as the founder of PIMCO. Childs thoroughly accounts for Gross’s innovative contributions to the bond market, including creating Total Return, PIMCO's flagship fund, propelling the company to unprecedented heights. The book offers an extraordinary glimpse into Gross's life and career, from his early days at Pacific Mutual to his meteoric rise to the top of the bond market.
The book "The Bond King" provides an in-depth look into bond trading as well as Gross's ambition and his eventual downfall due to poor management decisions, disagreements with senior executives and allegations of questionable behavior. The author breaks down complex topics into easy-to-understand sections, offering valuable insights into Wall Street's inner workings for both seasoned investors and those curious about stock market dynamics.
You can purchase a copy on Amazon: The Bond King: How One Man Made A Market, Built An Empire, And Lost It All. The book has over 500 global ratings and is rated 4.2 out of 5 stars.
3. “The Psychology Of Money: Timeless Lessons On Wealth, Greed, And Happiness”
"The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness" is a book written by Morgan Housel and published in 2020. Housel, a renowned financial writer and investor, delves into the psychological aspects behind our relationship with money. In this insightful book, he explores the complexities of personal finance, highlighting the behavioral patterns and cognitive biases that often influence our financial decisions.
The book examines how our attitudes, beliefs and emotions shape our financial outcomes. Housel emphasizes that wealth is not solely determined by intelligence or luck but instead by understanding the psychology of money. Through engaging anecdotes and real-life examples, he reveals the impact of our behaviors – such as delayed gratification, risk-taking and compounding – on long-term financial success.
"The Psychology of Money" is a valuable read for anyone seeking to gain a deeper understanding of the underlying principles that drive financial decision-making. Whether you are an experienced investor, or a teenager starting a first job, this book offers timeless lessons that can benefit individuals from all walks of life.
You can purchase a copy on Amazon: The Psychology Of Money: Timeless Lessons On Wealth, Greed, And Happiness. This book has over 39,000 global ratings and is rated 4.7 out of 5 stars.
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4. “The Little Book Of Common Sense Investing”
"The Little Book Of Common Sense Investing: The Only Way To Guarantee Your Fair Share Of Stock Market Returns" is a renowned book written by John C. Bogle, the founder of The Vanguard Group, Inc. First published in 2007, this book provides a comprehensive guide to passive investing and emphasizes the importance of low-cost index funds. Bogle argues that investors can achieve better long-term returns by consistently investing in broad-based index funds and avoiding high-cost, actively managed funds.
Bogle highlights the flaws of actively managed funds and dissects the myths surrounding stock picking and market timing. He explains how investing in low-cost index funds can lead to higher returns due to their lower fees and broader diversification. Bogle's common-sense approach to investing has resonated with many investors, from beginners to experienced professionals.
"The Little Book Of Common Sense Investing" is an invaluable resource for anyone looking to navigate the complex investing world. It simplifies concepts and provides practical advice for individual investors. Whether you are a novice investor seeking to build a solid financial foundation or an experienced investor looking to fine-tune your investment strategy, this book offers timeless wisdom and actionable insights.
You can purchase a copy on Amazon: The Little Book Of Common Sense Investing: The Only Way To Guarantee Your Fair Share Of Stock Market Returns. This book has over 9,000 global ratings and is rated 4.7 out of 5 stars.
5. “Rich Dad Poor Dad”
"Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not!" is a personal finance book written by Robert T. Kiyosaki. Published in 1997, the book has become a timeless classic in the realm of financial education.
The book revolves around the contrasting experiences and financial teachings of the author's two fathers. The "poor dad" represents the traditional approach to money, while the "rich dad" represents a more unconventional and entrepreneurial mindset. Through storytelling and practical advice, Kiyosaki emphasizes the importance of financial literacy, investing and building assets to achieve financial independence.
"Rich Dad Poor Dad" is best suited for individuals seeking a new perspective on money and wealth creation. It provides valuable insights into the mindset and strategies of the rich, challenging conventional beliefs about money. Whether you are a young adult just starting your financial journey or someone seeking to break free from the cycle of economic struggle, this book offers practical wisdom and inspiration.
You can purchase a copy on Amazon: Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not! This book has over 90,000 global ratings and is rated 4.7 out of 5 stars.
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Top 4 Investing Books By Category
Now that you know the top five books on investing, let's take a closer look at the top four investing books by category.
Best Investing Book For Beginners
If you’re new to investing and looking for a comprehensive guide to help you get started, then "Investing 101: From Stocks And Bonds To ETFs And IPOs, An Essential Primer On Building A Profitable Portfolio" by Michele Cagan is an excellent starting point. This book, which was published in 2016, provides a crash course in managing personal wealth and building a profitable portfolio, starting with stocks and bonds before delving into IPOs and more.
"Investing 101," is a well-written and easy-to-understand guide that covers all the essential topics you need to know as a beginning investor. You can purchase a copy on Amazon: Investing 101: From Stocks And Bonds To ETFs And IPOs, An Essential Primer On Building A Profitable Portfolio. The book has over 1,000 global ratings and has a rating of 4.6 out of 5 stars.
Best Book On Real Estate Investing
"The Book On Rental Property Investing: How To Create Wealth With Intelligent Buy And Hold Real Estate Investing" by Brandon Turner is a top-rated choice for anyone interested in achieving financial freedom with rental properties. Turner is well-known in the real estate and personal finance community and provides readers with valuable insights and practical advice to apply in their investments. Published in 2015, this book offers over 400 pages of advice on real estate investing, including actionable tips, strategies and big-picture insights on success and failure in the industry.
Turner provides readers with a comprehensive guide covering a wide range of topics, including how to create a viable investment plan, find the best deals on properties and build a successful team for your business. Additionally, the book provides valuable insights into financing rental properties and maximizing your investment returns. Whether you're just starting out in the real estate investment world or an experienced investor looking to take your business to the next level, this book is an invaluable resource that can help you achieve your goals.
You can purchase a copy on Amazon: The Book On Rental Property Investing: How To Create Wealth With Intelligent Buy And Hold Real Estate Investing. The book has over 7,500 reviews, averaging 4.7 out of 5 stars.
Best Book On Day Trading
If you are interested in day trading, then "How To Day Trade For A Living: A Beginner's Guide To Trading Tools And Tactics, Money Management, Discipline and Trading Psychology" by Andrew Aziz is a book that you should check out. Published in 2016, it comprehensively covers day trading fundamentals and distinguishes it from other investment styles. Aziz's writing style is clear and concise, making it easy for readers of all levels to understand the concepts and strategies he discusses. Whether a beginner or an expert, you will find valuable insights and actionable advice in this book. One of the things that sets it apart from other trading books is its focus on trading psychology and money management. Aziz emphasizes that day trading can’t be treated like a hobby; you must have a good strategy, the right mindset and discipline to stick to that strategy.
You can purchase a copy on Amazon: How To Day Trade For A Living: A Beginner's Guide To Trading Tools And Tactics, Money Management, Discipline And Trading Psychology. The book has over 16,500 ratings with an average of 4.6 out of 5 stars.
Best How-To Book On Investing
“Broke Millennial Takes On Investing: A Beginner’s Guide To Leveling Up Your Money” by Erin Lowry caters to investment newbies, starting with common questions like how to actually buy and sell a stock. New investors might not know how much money they need to have to start investing, or if they can do so while carrying student loans. Answers to these questions and much more give context, clarity and actionable steps for those who may have reservations getting into the stock market.
You can purchase a copy on Amazon: Broke Millennial Takes On Investing: A Beginner’s Guide To Leveling Up Your Money. The book has over 1,000 ratings with an average of 4.6 out of 5 stars.
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The Bottom Line
As you can see, the list of books provided above offers a plethora of valuable information that can assist you in becoming an expert in various forms of investing. Whether you want to learn about the benefits of real estate investing, day trading, stocks, bonds or other areas, you'll find a book that provides you with the knowledge you need so you can make informed decisions.
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