Let’s face it. When it comes to learning how to invest, most college and business school textbooks just aren’t cutting it. We need to build our own collection of the best investing books to hone the craft.
Academic classes teach you how to put together an income statement or how to run multi-variable regressions in Stata. Those are important skills to have, but they don’t give you the full picture on how to invest. I know, because I’ve taken a lot of them.
Investing takes a tremendous amount of self-learning. It takes an entrepreneurial effort to research and discover the best books on investing, and then extract golden nuggets of knowledge from a pile of regurgitated nonsense.
This is why every hedge fund interviewer would ask you what books have you read and why.
They want to see how much time you’ve spent on self-learning and hear what you’ve learned from it.
I remember the first time I was asked the question, not much came to mind. Warren Buffett was the first and only name that popped up. So I just blurted out, the Intelligent Investor.
There was no other investing book that I had read at the time. That was embarrassing.
You don’t want to start seriously investing until you’ve formed your own investment process and understand the key concepts. Don’t make the same mistake I made going into an interview.
So today I’m going to give you a list of books on investing widely respected by the investment community.
There is no perfect list of books. You would build your own collection. However, this list is a strong line-up to start with. This is a tried and true collection that has educated and enlightened many on Wall Street.
There are a lot of good books out there, and I want to refrain from giving you 10 books per topics and having you choose. I want to filter out the cream of the crop for you. So the result is a carefully curated list with one best book per the following topic:
- Investment Strategies
- Investing Career
- Value Investing
- GARP Investing
- Growth Investing
- Special Situations Investing
- Distressed Debt Investing
- Macro Trading
- Activist Investing
- Quantitative Trading
- Fundamental Analysis
- Contrarian Research
- Short Selling
- Credit Analysis
- Technical Analysis
- Behavioral Science
- Financial History
This list covers all essential topics for the serious investor, regardless of your investment style. Each book was carefully chosen with practicality and relevance in today’s markets mind.
Without further ado, let’s get to the list:
Best Investing Books on Wall Street