Oct Fri 2020 07:14:25
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It is important to invest wisely. Without the right knowledge, starting a quick investment can be like pouring water on sand. So, how to make the right investment? The answer is simple: study. It is very important to study the books of successful investors for proper investment. Therefore, this time we are going to have a general discussion about the 5 best books to teach young investors how to guide business and finance.
Rich Dad Poor Dad (1970): Robert Kiyosaki
One of the most popular books for young investors is Rich Dad Por Dad. In this book, author Robert Kiyosaki expresses the idea that the poor and middle class work only for money but the rich work for learning. The author emphasizes the importance of financial literacy and financial autonomy as the ultimate goal in abandoning the rat race of corporate America. Although it is important to learn accounting, the author points out that it can be misleading.
The Essay of Warren Buffett: Lessons for Corporate America 1991: Warren Buffett
Buffett, known as one of the most successful investors in modern history, has written in his essays on a wide range of issues related to corporate America and shareholders. From this book, young investors can get a glimpse of the relationship between the management of the company and its shareholders. Also included are thought processes needed to enhance the company's business value and importance. In the book, Buffett discusses corporate governance, finance, investment, ordinary share options, mergers and acquisitions.
Shares should be purchased when the price is lower than the actual price. But Buffett has argued that short-term trends should not always be pursued. He emphasizes on value investing.
Beating the Street '919930: Peter Lynch
Peter Lynch is one of the most successful investors of the last century. Hedge funds are also managers. He started working as a trainee in Fidelity Investments in the mid-1960s. Eleven years later, he was given the responsibility of managing the लान 18 million Megan Fund. By 1990, the assets of the Megalan Fund had grown to nearly 14 billion. The fund is currently paying an average annual return of 29.2 percent. It is understood that this book also guided the proper investment method.
The Intelligent Investors' (1949): Benjamin Graham
This book was published in 1949. It is one of the most popular books among investors. Well known investor Warren Buffett considers it to be perhaps the best investment book ever written. Benjamin Graham is considered the father of value investing. Accordingly, he has been emphasizing that the shares being traded below the actual price should be identified and bought through fundamental analysis.
He also discusses various ways to manage his portfolio, both positively and defensively. In short, this book teaches you to invest in the right way at the right time.
Think and Grow Rich '(1937): Napoleon Hill
Think and Grow Rich is a book written during the Great Depression. The book has sold over 100 million copies worldwide so far. Hill has done extensive research in his lifetime based on collaborations with wealthy individuals. At the suggestion of Andre Carniz, Hill presents the findings based on his observations and research. He has published 13 principles for successful and personal achievement.
This is one of the must read books to gain valuable insights for the psychology of success at a time when only negative news and entertainment content is a priority.
- Agency