As 2013 comes to an end, we provide you with the top ten most popular books which ValueWalk readers bought. Spoiler alert: There are no big surprises on the list. Additionally, although there are some new names, most of these books are decades old. Either way check it out, since almost all these books are on our list of must read books for investors.
Ten Most Popular Books List
- The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
- Common Stocks and Uncommon Profits and Other Writings, by Philip Fisher
- You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits, By Joel Greenblatt
- The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor by Howard Marks
- Value Investing: From Graham to Buffett and Beyond, by Bruce Greenwald
- Influence: The Psychology of Persuasion by Robert B., PhD Cialdini
- Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012 (A Fortune Magazine Book) by Carol J. Loomis
- The Art of Short Selling, by Kathryn F. Staley
- The Manual of Ideas: The Proven Framework for Finding the Best Value Investments by John Mihaljevic
- David and Goliath: Underdogs, Misfits, and the Art of Battling Giants by Malcolm Gladwell
Ten most popular books summary
The Intelligent Investor
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham. The “Bible of investing”. Warren Buffett has stated this is the best investment book ever written. This is a must read for all value investors
Common Stocks and Uncommon Profits and Other Writings
Common Stocks and Uncommon Profits and Other Writings, by Philip Fisher. This is another book Buffett considers a must read, written by his mentor Philip Fisher. Although, the investment concepts Fisher uses are hard and time consuming, I think anyone would benefit from learning his style of investing
You Can Be a Stock Market Genius
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits, By Joel Greenblatt. Although the titled seems haughty (or nerdy), the content of the book justifies the title. Greenblatt tells you how to invest in obscure investments with very high returns, including spin offs, arbitrage, recapitalizations, and bankruptcies. This is a must read for any serious investor.
The Most Important Thing Illuminated
Howard Marks’s The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks’s wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group).
Value Investing: From Graham to Buffett and Beyond, by Bruce Greenwald. This is one of my favorite books. It explains the different styles of value investing, according to Greenwald. This book is a must read for any serious value investor.
Influence: The Psychology of Persuasion
Influence: The Psychology of Persuasion, explains the psychology of why people say “yes”—and how to apply these understandings. Dr. Robert Cialdini is the seminal expert in the rapidly expanding field of influence and persuasion. His thirty-five years of rigorous, evidence-based research along with a three-year program of study on what moves people to change behavior has resulted in this highly acclaimed book.
Tap Dancing to Work
Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012 (A Fortune Magazine Book), Carol J. Loomis first wrote about Warren Buffett for Fortune in 1966, when he was a little-known hedge fund manager in Omaha. They became close personal friends over the following decades, giving Loomis unique access and insight into the mind of the worlds greatest investor. For the last thirty-five years she has also been the pro-bono editor of his famous annual letter to the shareholders of Berkshire-Hathaway. Now Loomis has collected and updated the best Buffett articles Fortune has ever published, including thirteen cover stories and six by Buffett himself, ranging from the 1960s to the 2010s. By putting these pieces into context and adding fresh commentary, she has created a definitive history of Buffett’s business and investing career.
The Art of Short Selling
The Art of Short Selling, by Kathryn F. Staley. I have never short sold in my life, yet found this book to be great. This book will help you uncover tricks companies use to inflate earnings, understand balance sheets, and will help you discover cases of outright fraud. Recommended for intermediate-advanced investors.
The Manual of Ideas
The Manual of Ideas: The Proven Framework for Finding the Best Value Investments by John Mihaljevic reveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideas. The next best thing to taking a peek under the hoods of some of the most prodigious brains in the business, it gives you uniquely direct access to the thought processes and investment strategies of such super value investors as Warren Buffett, Seth Klarman, Glenn Greenberg, Guy Spier and Joel Greenblatt.
David and Goliath
David and Goliath: Underdogs, Misfits, and the Art of Battling Giants by Malcolm Gladwell. Malcolm Gladwell, the #1 bestselling author of The Tipping Point, Blink, Outliers, and What the Dog Saw, offers his most provocative—and dazzling—book yet. Three thousand years ago on a battlefield in ancient Palestine, a shepherd boy felled a mighty warrior with nothing more than a stone and a sling, and ever since then the names of David and Goliath have stood for battles between underdogs and giants. David’s victory was improbable and miraculous. He shouldn’t have won.