I now have ten years of experience on the stock exchange. Before I started investing, I first read a lot – and I still read a lot today.
When it comes to investing and also in life, I think it is absolutely necessary to be curious, to question his opinion, to admit mistakes and to constantly improve.
Many successful people have acquired enormous knowledge through regular reading. The most prominent examples are Warren Buffett and Bill Gates. Both have acquired knowledge through reading in various areas of life. Elon Musk has, as he says, acquired the knowledge of building rockets for his company SpaceX entirely from books.
So I recommend reading a lot!
Books on Investing
A book worth reading, less about the right investment strategy but more about the right mindset, is “Rich Dad Poor Dad: What the Rich Teach Their Children About Money” by R. Kiyosaki *. The author describes in an entertaining way why it is important to invest in your own financial education and that you can achieve financial independence with it.
The best book I’ve ever read about investing is “Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger” *.
This book contains the wisdom of legendary and highly intelligent Berkshire Hathaway Vice Chairman Charlie Munger. In addition to advice on investing, the book on its more than 500 pages also bursts with wisdom of the 95-year-old American about a fulfilled life.
BUT: In my opinion, it is only suitable for really interested readers. If you count yourself among them, then you can expect a great reading experience.
Not really suitable for beginners, but definitely one of the best books on long-term investment in stocks is the classic “Intelligent Investor” by Benjamin Graham *. Warren Buffett’s teacher gives numerous tips and tricks about successful investment in this book. Buffett himself describes the book as his most important investment reading and Graham’s teachings contained therein as the basis for his own financial success. A great book, which I have read several times and keep looking up.
Another very exciting book on investment strategies is “One Up On Wall Street” by Peter Lynch *. The most successful fund manager ever gives an insight into his many years of experience. Among other things, Lynch writes about the discovery of ten excavators (stocks that increase tenfold in price), about the division of stocks developed by him according to certain categories and teaches the basics of successful value investing. A great book from an experienced investor.