How Can I Get Rich? – 10 Books That Will Make You Rich
If you’ve ever asked yourself “How can i get rich?“, here are 10 books that will put you on the right path to making better and smarter financial decisions.
1. The Intelligent Investor
The combination of pioneer Ben Graham’s original work coupled with Zweig’s meticulous and enjoyable update, make this a remarkable book about investments and investor behavior that every new and experienced investor should read.
2. The Little Book of Common Sense Investing
John Bogle created the world’s first index fund in 1975. In this book, he describes why you should make index funds the core of your investment portfolio.
3. The Essays of Warren Buffett: Lessons for Corporate America
Warren Buffett is a legend in the investing world. He’s been called “The World’s Most Successful Investor” for good reason. Currently the world’s second richest man, with a net worth exceeding $40 billion dollars.
Every year, Buffett personally pens an annual letter to shareholders in which he reviews Berkshire’s results, opines on current events, and drops interesting stories and thoughts that expose his incredibly successful investment strategies. This book is a collection of those letters.
4. The Little Book That Still Beats the Market
Professor Greenblatt’s first book, You Can Be a Stock Market Genius, is widely regarded as the seminal text on special situations investing and the strategies contained in the book are employed by multiple hedge funds and investment professional. I highly recommend The Little Book That Beat the Market to all investors of all ages and to anyone who wants to understand how businesses create value.
5. Reminiscences of a Stock Operator
The fictionalized biography of Jesse Livermore, one of the greatest stock market speculators, it contains perceptive trading advice and insightful analyses of market price movements.
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6. A Random Walk Down Wall Street
This is a classic book, first published in 1973. The 9th edition just came out this year. Every investor, whether you believe in market efficiency or not, should read this book at least once. This book does a very good job reconciling between market efficiency and perceived inefficiencies such as bubbles at different times. The author believes in a weak form of efficient market theory. Simply put, the market may not be perfectly efficient at all times, but it’s efficient enough to make it very difficult and costly trying to beat it.
7. Competitive Strategy: Techniques for Analyzing Industries and Competitors
Michael Porter is a Harvard Business School professor and a leading authority on competition and strategy. This book is a landmark in the field of strategy/strategic management, which later has become known as the positioning school. The book provides a great framework.
8. Market Wizards: Interviews With Top Traders
I highly recommend this book to anyone who is involved in the markets. Simply stated, this is THE book for anyone who wants to learn about trading or investing — It is simply a must read.
9. The Age of Deleveraging
A. Gary Shilling predicts deflation and slow growth in the coming years. Accordingly, he picks out industries that will thrive and sectors that will bust; his insight is necessary for anyone interested in asset allocation and exchange-traded funds.
10. The Billion Dollar Mistake
Author and Wall Street veteran Stephen L. Weiss has taken precisely the opposite tack, with great results. In “The Billion Dollar Mistake”, he chronicles the single worst trade made by each of a dozen or so legendary investors. It’s a well-researched set of cautionary tales. I enjoyed and learned from them.
