We compiled a list of our favorite books for the holiday known as Black Friday. The list consisted of 13 of our favorite books which were published in 2013. For Cyber Monday we tried to narrow down our list of best books to the all-time greats. We focused specifically on value investing books and a couple of behavioral finance ones. Most of these books are familiar, but some are probably less so. For example, David Dreman's books on behavioral finance are top notch but not as popular as some others. Without further ado, the top seven all-time value investing books.
Cyber Monday reading list can be found below:
- The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel by Ben Graham, Jason Zweig
- Beating the Street by Peter Lynch
- Contrarian Investment Strategies in the Next Generation by David Dreman
- The New Contrarian Investment Strategy by David Dreman
- You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt
- The Little Book of Behavioral Investing: How not to be your own worst enemy by James Montier
- The Black Swan: The Impact of the Highly Improbable by Nassim Taleb
Cyber Monday reading list detailed
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
Beating the Street by Peter Lynch. Another great book which details methods Lynch used over the years to outperform the market. If you want to know Lynch’s investment style, I suggest you read both of his books.
Contrarian Investment Strategies in the Next Generation
Contrarian Investment Strategies in the Next Generation by David Dreman. Written by the original contrarian, David Dreman, this book is a simple explanation of investment strategies that can achieve very high returns. This book also explains investor psychology and the herd mentality that exists on Wall Street.
New Contrarian Investment Strategy
The New Contrarian Investment Strategy, by David Dreman. Another great book by Dreman, where he goes into detail about investor psychology and why you should avoid the “hot stocks” of the day.
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 Little Book of Behavioral Investing
The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits), by James Montier. Great book on behavior finance and how our brains affect our investment decisions.
The Black Swan
The Black Swan: The Impact of the Highly Improbable, by Nassim Taleb. Although Taleb is a bit arrogant, this is one of the best, and most important books I ever read. It does not surprise me that this book is still a bestseller. Taleb popularizes the term “black swan” in this book. A black swan is described as a highly improbable event with three principle characteristics: 1) it is unpredictable; 2) it has a massive impact; and 3) ex post explanations are concocted that make the event appear less random and more predictable than it was. The earthquake that hit Japan in March 2011 is a perfect example of this.
What are you buying this Cyber Monday?