10 Must Read Books For Stock Market Investors.

10 Must Read Books For Stock Market Investors

Although there are tons of website and millions of books on the topic ‘stock market’, however for the beginners (and sometimes even for the seasoned investors), it’s really hard to find a decent book that can build good fundamental knowledge on the stock market basics.

It’s really important to understand the basics regarding stocks before entering the market as lack of knowledge in this field almost always leads to a huge financial loss. Further, many times, loss of capital also leads to a decline in the morale of the investor.

Therefore, today I am going to present the names of 10 must read books for the stock market investors. So, be with me for the next few minutes while I give you a brief introduction (and short review) for each of the 10 must read books for stock market investors that are listed in this post. Here it goes:

Note: Please read this article until the end as there is a bonus waiting for you in the last section.

10 Must Read Books For Stock Market Investors:

1. One Up On Wall Street

This book is ranked one on my list of 10 must read books for stock market investors.

Peter Lynch, the author of this book, is one of the most successful fund managers with an average annual return of 30% on his portfolio for a period of 13 years. (A great record for a mutual fund manager).

This classic book explains all the important basics that a beginner should know before investing. From preparing to invest, how, when, whys to the long-term investment approach, everything is covered in this book. Here, Peter Lynch describes his stock picking approach for winning stocks.

In the book, Peter Lynch also describes the 6 different types of stocks in the market and how to approach them. You can read regarding the Peter lynch’s stock categories in details here: Six Different Types of Stock in Indian Market according to Peter Lynch

In short, go to amazon and buy this book. This book needs to be in your hand if you want to learn all about stock investment basics from scratch.

You can read a detailed review of this book here.

2. The Intelligent Investor


This is also known as the bible of the stock market. A must-read book written by the legendary Benjamin Graham, a.k.a. the mentor of the greatest investor of all time- Warren Buffet.

The book explains the fundamentals of the stock market from the view-point of value investors. There are three main concepts covered in this book.

First, the investing approach for a defensive investor and enterprising (aggressive) investor. The other two concepts introduced by Graham in this book are- Mr. Market and Margin of Safety for easy explanation of the market behavior and risk management.

I will highly recommend you to read this evergreen classic book on the stock market. There are many concepts that you can learn by reading this book. I have already read this book 2 times.

A little advise. This is the oldest book in my list of ’10 Must Read Books For Stock Market Investors’, compared to the publication date of other books. As this book was written way back, you might feel like reading the 1940’s story. Further, it might be a little tough to maintain the momentum in the starting as few chapters are irrelevant to Indian stock market (you can ignore those chapters). However, the knowledge gained from completing the book will be worth it.

You can read a detailed review of ‘The Intelligent Investor’ here.

3. Beating the street


Another classic by Peter Lynch, the star mutual fund manager of the Magellan fund at Fidelity Investments. An Excellent book for individual investors looking to tap the stock market for long-term value investment opportunities. A good reference to go back to when trying out investing on your own.

It explains the fundamentals of picking your stock in a very simple language and hence listed in my 10 must read books for the stock market investors.

4. Common Stocks and Uncommon Profits


One of my favorite book regarding growth stock investment appraoch. This book was published almost the same time as ‘The Intelligent Investor’ by Ben Graham.

  • The book explains the investment philosophy of how ‘Philip Fisher’ finds growth stocks that lead to massive gains if held for long term.
  • The important chapters is the book- What to buy, where to buy & When to sell.
  • Philip Fisher also explains about the 15 points to look for in a common stock.
  • A great read for growth stock investors.

When most of the stock market investors were focusing on value, Philip Fisher was the one of the first investors to focus more on growth. I won’t go into too much detail as to spoil the fun reading this book. This amazing book finds forth rank in my list of the 10 must read books for stock market investors.

You can read a detailed review of this book here.

5. The little book that beats the market


The book ‘The little book that beats the market’ describes a ‘MAGIC FORMULA’ for selecting stocks. This formula gave brilliant returns when applied by determined and patient investors.

The magic formula given by the author is an efficient way of selecting the stocks. The formula consists of two key factors. They are: Earning yield & Return on Capital. If you consider these two key factors for any stock market before investing, then the result will surely be amazing. Bdw, this formula is also applicable in the Indian stock market.

(Note: The book is really small with just 176 pages and hence the smallest book in our list of 10 must read books for stock market investors. A good read for short vacation or a weekend.)

You can read a detailed review of this little book here.

6. The Warren Buffet Way


This was one of the best books to learn Warren Buffett investing strategy! It gives a deep insight into the Warren Buffett way of investing in stocks.

Hagstrom covers all the necessary aspects to achieve similar success like Buffett that you can apply immediately to your own portfolio. The good thing about The Warren Buffett Way is the author tends to stay away from high faulting words that its understandable to anyone willing learn value investment.

With the classic Warren buffett investment strategies, the book found its way in the list of the 10 must read books for the stock market investors.

7. Stocks to Riches


A must-read book for Indian Investors. This book is written in a very simple and understandable language. The author ‘Parag Parikh’, writes the whole truth about stock markets in this book.

If you want to avoid the stock market beginner’s mistakes, then you should definitely read this book before entering the market. Remember, learning from your own mistakes is not free in the stock market world as a lot of money is at the stake.

This book is written in such a manner that even a fifth grader can understand. This makes this book a classic book of all time and in my list of 10 must read books for stock market investors.

8. Learn to Earn


This book gives you a great insight into the market, economy, and capitalization. Very well written & can be easily understood by people who don’t have commerce background. A great book to read if you are starting your journey in the stock market world.

9. How to avoid loss and earn consistently in the stock market


The author of the book Prasenjit Paul, explains the scenario of the Indian stock market and the winning strategies used by him for consistent returns from the market.

The book explains the basic of Investing in Stock in very simple and lucid terms. It also gives you a 2-min strategy to shorlist/reject stocks before detailed analysis. It’s good to first read this book and then invest. The book found a definite spot on our list of 10 must read books for the stock market investors.

Note: You can read a detailed interview with the author Prasenjit Paul here.

10. Stocks for the long run


One of the best book for the practical advice on investment which includes valuable excursion into the history of markets –

  • A good read for anyone wanting to invest for their long-term future without going to the other extreme of ‘buy and hold’ forever.
  • The book gives the reader a deep appreciation of the historical returns on stocks and bonds.
  • The author, Jeremy Siegel, makes a convincing case, that for long-term growth stocks are the best asset class to hold.
  • The book also states that actively managing a portfolio or trying to time the market is counterproductive, which can be indicated by historical returns of actively managed funds versus passive indices.

A very informative book and the last book in my top 10 must read books for stock market investors list.

Summary:

Here is a quick recap of all the books listed above.

Feel free to share it with your friends who you think can get benefits from this video:

Note: If you want to buy these books, I highly recommend you purchase online through Amazon at this affiliate link. They are currently at best price at sale here only through Amazon.

Books Amazon Link
One up on the wall street Buy Now
The Intelligent Investor Buy Now
Beating the Street Buy Now
Common Stocks and Uncommon Profits Buy Now
The Little Book That Beats the Street Buy Now
The Warren Buffet Way Buy Now
Stocks to Riches Buy Now
Learn to Earn Buy Now
How to Avoid Loss & Earn Consistently Buy Now
Stocks for the Long Run Buy Now

BONUS:

Here are few other books for investors which are also worth checking out. (Although this post is about 10 must-read books, however, I just cannot miss mentioning these books here).

Also read: 3 Amazing Books to Read for a Successful Investing Mindset.

That’s all. I hope that this post is useful to the readers.

If you think I missed any important book or recommend any additional book in the list, feel free to comment below. I will be happy to read it and write a review about it.

About Kritesh Abhishek 154 Articles
Hi, I am Kritesh, an NSE Certified Equity Fundamental Analyst. I'm 23-year old and an electrical engineer (NIT Warangal) by qualification. I have a passion for stocks and have spent my last 3+ years learning, investing and educating people about stock market investing. And so, I am delighted to share my learnings with you. #HappyInvesting

25 Comments

    • Yes, Warren buffet hasn’t written a single book. But if you are interested, you can read his letters to the stockholders. They are pretty informative too.

    • Hi Raj. I will recommend you to start with ‘One up on the wall street’ & ‘Common stocks and uncommon profits’ as they are simple books with great concepts. For getting a good grasp of Indian stock market, you can read ‘How to avoid loss’ by Prasenjit paul. Then, ‘The intelligent investor’ by Benjamin graham is the must read here, but I will recommend you to read it after reading the above mentioned books.

  1. I feel one has to read accounting and financial statement analysis also to understand the accounting language.
    I am personally learning investing since the past 1 year. I felt The Intelligent Investor is not a right book for beginners. Since accounting is the language of business, one can read basic accounting concepts from Indian Authors or there is free NCERT book for 11th and 12th available. Then read financial statement analysis.

    • Hi Pradeep. Thanks for your comment. I believe that it’s good to have knowledge of accounting & finance. However, one doesn’t need to read the course books to get the knowledge here. NCERT books are little boring. Moreover, having just good knowledge in finance won’t help much in stock market investing as you will need more qualities like discipline, patience and persistence.
      In additon, it’s good to learn from the great investors through their novels as they can teach you better through there experience which cannot be achieved by reading NCERT books. I hope it makes sense what I’m saying.

  2. Hi kritesh I believe you missed out a best to read book name as Five rules for successful stocks Investing by Pat Dorsey.Im reading this book and I found it to be a very good book

  3. Hi Kritesh
    You said that u spent more than 3 years in this sector right
    can you please tell me what you did in the entire 3 year period in detail
    Is there any course for this sector

    • Hi Praveen. 3 Years is a long time to cover in a single comment. However, to summarize, I read books, blogs & financial websites, watched youtube videos, followed the market, invested my money, made profits in few and lost in some. Overall, there were a lot of ups and downs. Nevertheless, I learned a lot. Further, as you are interested in courses, you can check out few here: https://courses.tradebrains.in I hope it helps. Happy Investing.

  4. I have just begun trading with rs 6 lakhs and at present I have lost half of my money.What should I do now?What books should I read?

    • Hi Dipankar. Sorry to hear that. If you are looking for fundamental analysis books, the ones I’ve mentioned above can help. You can start with One up on wall street by Peter Lynch or The Intelligent Investor by Ben Graham.

  5. Hey sir…. I m felling lucky that unintentionally i gound you😍… Thanku so much

    Furtger i would like to ask..
    Why u havent ranked the book ‘Bull, Bears &other beast’ which u recommended in earlier blogs.?

  6. Hello dear sir I am in accounting profession dear sir plz give me the right advice for stock related books I am new as a beginner which books best for me….

    • Hi Gaurav. To learn investing basics- you should read the above-mentioned books. If you want to understand valuation- you should try out ‘valuation by Damodaran’. I hope it helps. Cheers!

  7. Dear Kritesh, I extend my heartiest thanks to you. I am very pleased with your initiative to educate masses about stock market at this age. May you lift to your high aspirations.

    • Yes!! There are a number of careers in investing in India. From a full-time investor/trader, research analyst, investment advisor to stockbroker, sub-broker etc, all these careers are highly successful– if you are willing to put efforts.

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