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Educational Resources

Since the money I made through investing was becoming particularly important to my future, I decided I should learn as much as I could about the world of investing.

I read classics like Ben Graham’s ‘The Intelligent Investor’ and Peter Lynch’s ‘One Up on Wall Street’ to more recent titles such as Morgan Hosel’s ‘The Psychology of Money’ and Edgar Wachenheim’s ‘Common Stocks and Common Sense’. I tried to learn as much as possible about the different psychological and emotional aspects, and strategies of investing, including those that did not correspond with my investing style so I could see different viewpoints. I like to think I learned something from every book I have read, helping me become a better investor and more importantly, lowered my investing risk.

If you are starting your own investing adventure, I found the resources below were extremely helpful. In the Books section, titles under Read are books I have read, with the most recent at the top. With a little help from ChatGPT, I have included brief review to provide an idea of the book’s subject matter. Titles under ‘Other books on investing and wealth generation’ have been recommended from various sources. I may read these in the future. If reading books is not your preferred method of learning, other educational resources I found useful include YouTube videos, Twitter and investing websites.

If you have any books, YouTube videos, Twitter users to follow or other education resources, please suggest them in the Comments section.

Books

(Read)

Thinking, Fast and Slow by Daniel Kahneman
An influential exploration of the two systems that shape our thinking: the fast, intuitive system, and the slow, deliberate system. The author, a Nobel laureate in Economics, delves into the cognitive biases and heuristics that influence our decision-making processes. Through compelling anecdotes and rigorous research, he reveals the flaws and limitations of human judgment. This book is a fascinating journey into the inner workings of the mind, providing invaluable insights for investors seeking to understand the biases that impact their financial decisions.

Misbehaving by Richard Thaler
An enlightening exploration of behavioral economics and the ways in which human behavior deviates from traditional economic theories. Thaler, a Nobel laureate, takes readers on a journey through the field of behavioral economics, offering numerous real-world examples and thought-provoking insights. From the concept of “nudge” to the power of biases and irrationality, the author demonstrates how our decisions are influenced by psychology and social factors. This book challenges conventional economic thinking and provides a compelling case for incorporating behavioral insights into policymaking and investment strategies. ‘Misbehaving’ is a must-read for anyone interested in understanding the fascinating interplay between human behavior and economics.

The Checklist Manifesto by Atul Gawande
An insightful book that highlights the power of checklists in improving performance and reducing errors across various fields. The author, a renowned surgeon, explores the importance of simple tools like checklists in managing complexity and enhancing efficiency. Through captivating stories and research, he demonstrates how checklists can streamline processes, promote teamwork, and enhance decision-making. This book offers valuable lessons for investors, emphasizing the significance of disciplined approaches and systematic thinking in managing risks and maximizing returns. This book is a thought-provoking read that prompts investors to harness the power of checklists to achieve consistent and successful outcomes.

Mastering the Market Cycle: Getting the Odds on your Side by Howard Marks
This book is for those seeking to understand and navigate the ever-changing nature of market cycles. Marks, a renowned investor, provides profound insights into the forces that drive market fluctuations and the importance of recognizing and managing these cycles. Through a combination of personal anecdotes, deep market knowledge, and astute analysis, Marks offers practical strategies to identify and exploit opportunities while mitigating risks. His emphasis on risk management and patience serves as a valuable reminder to investors to avoid the pitfalls of irrational exuberance and short-term thinking. ‘Mastering the Market Cycle’ equips readers with the tools and mindset necessary to thrive in the dynamic world of investing.

Irrational Exuberance by Robert Shiller
A influential work that explores the dynamics of financial markets and the role of investor psychology in driving market fluctuations. The author’s insightful analysis reveals the presence of irrational exuberance, speculative bubbles, and subsequent market crashes throughout history. Drawing upon extensive research and data, he presents a compelling argument for the importance of understanding investor behavior and market psychology. This book serves as a cautionary tale for investors, highlighting the risks associated with irrational exuberance and providing valuable insights into the nature of market cycles. His expertise and engaging writing style make this book a must-read for any investor looking to navigate the complexities of financial markets.

Richer, Wiser, Happier by William Green
This book a transformative masterpiece for investors. Through storytelling and interviews with investment legends, the author explores the psychological and emotional aspects of investing. This book challenges conventional notions of financial success, emphasizing enduring principles, ethics, and long-term thinking. With its diverse range of perspectives, thorough research, and practical wisdom, ‘Richer, Wiser, Happier’ is an essential guide for investors of all levels. It offers invaluable insights to help achieve sustainable wealth creation and personal fulfillment, making it a must-read for those seeking to elevate their investment strategies and lives.

Skin in the Game by Nassim Nicholas Taleb
A thought-provoking and unconventional book that challenges the traditional notions of risk and reward in investing. The author emphasizes the importance of personal accountability and having a stake in the outcomes of one’s investments. Through examples and insightful analysis, he explores the flaws of modern systems that lack skin in the game and advocates for a more robust approach that aligns incentives with consequences. This book forces investors to re-evaluate their strategies and consider the true implications of their decisions. ‘Skin in the Game’ is a must-read for anyone seeking a fresh perspective on investing and risk management.

The Little Book That Still Beats the Market by Joel Greenblatt
This book is a concise yet powerful guide for investors seeking a systematic approach to beat the market. The author introduces the concept of the “Magic Formula,” a simple and effective strategy for selecting stocks based on their earnings yield and return on capital. With clear explanations and real-world examples, he demonstrates how this formula consistently outperforms the market over the long term. The book provides valuable insights into the principles of value investing and equips readers with a practical framework for identifying undervalued companies. For investors looking to enhance their investment approach, this little book delivers big on actionable strategies and practical wisdom.

Paths to Wealth Through Common Stocks by Philip Fisher
A classic that offers invaluable insights into long-term investing. The author shares his extensive knowledge and experience, guiding readers through his principles for identifying exceptional companies with sustainable growth potential. This book provides a comprehensive framework for evaluating stocks, emphasizing the importance of thorough research, management assessment, and a focus on long-term value creation. Fisher’s emphasis on understanding a company’s competitive advantage and management’s integrity makes this book an essential read for investors seeking to build wealth through astute stock selection.

Charlie Munger – The Complete Investor by Trenholme J. Griffin
A tribute to the wisdom and investment philosophy of the legendary Charlie Munger, the other half of Berkshire Hathaway. Griffin provides a comprehensive review of Munger’s life, his approach to investing, and the principles that have shaped his remarkable success. Drawing from interviews, speeches, and Munger’s own writings, the book offers deep insights into Munger’s multidisciplinary thinking, his emphasis on mental models, and his long-term, value-oriented investment strategy. This  book serves as an invaluable resource for investors seeking to understand and apply Munger’s timeless wisdom and unique perspective.

Winning the Loser’s Game: Timeless Strategies for Successful Investing by Charles D. Ellis
This book dispells common misconceptions and provides invaluable guidance for long-term investors. Ellis, a respected investment consultant, emphasizes the importance of adopting a passive, low-cost investment approach while avoiding unnecessary risks and expenses. The book highlights the futility of trying to beat the market consistently and instead focuses on building a diversified portfolio. With clear explanations and compelling evidence, he explains complex investment concepts, empowering readers to make informed decisions.

Financial Freedom: A Proven Path to All The Money You Will Ever Need by Grant Sabatier
A practical guide that offers actionable strategies for achieving financial independence. The author shares his personal journey from being broke to amassing significant wealth, providing a roadmap for readers to follow. With a focus on increasing income, reducing expenses, and investing wisely, the book offers a step-by-step approach to reaching financial goals. Sabatier’s engaging writing style and relatable anecdotes make complex financial concepts accessible to all.

Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis
This book explores the profound impact of mimetic desire on our choices and aspirations. Burgis delves into the concept of mimetic desire— the human tendency to imitate the desires and aspirations of others—and unveils its pervasive influence in various realms of life, from consumerism to relationships.

I Will Teach You to Be Rich by Ramit Sethi
A personal finance book that delivers practical advice and actionable strategies to build wealth and achieve financial success. Sethi’s approach combines no-nonsense guidance with a touch of humor. From optimizing credit cards to automating investments, the book covers a wide range of topics and provides step-by-step instructions for implementing effective money management practices. The author emphasizes the importance of a holistic approach to personal finance, including psychology and behavior change.

The Wealthy Barber Returns by David Chilton
An insightful follow-up to the original ‘The Wealthy Barber’ book. The author once again presents financial wisdom in a relatable and entertaining manner, making complex concepts accessible to readers of all backgrounds. With a blend of personal anecdotes and practical advice, he tackles a wide range of financial topics, including budgeting, investing, and retirement planning.

One Up on Wall Street by Peter Lynch
An investing classic that offers invaluable insights from one of the most successful fund managers of all time. Peter Lynch’s encourages individual investors to leverage their own knowledge and experiences to identify winning stocks. Through relatable anecdotes and practical advice, he guides readers through his investment philosophy, emphasizing the importance of diligent research, long-term thinking, and understanding the companies they invest in. Lynch’s engaging writing style and wealth of wisdom make ‘One Up on Wall Street’ a must-read for investors seeking to gain an edge in the unpredictable world of stock market investing.

The Elements of Investing by Burton Malkiel and Charles Ellis
A comprehensive guide that distills the fundamentals of investing into clear and actionable principles. Malkiel and Ellis, both esteemed investment experts, provide timeless wisdom for investors of all levels. From the importance of diversification to the merits of low-cost index funds, the book offers practical advice based on rigorous research and real-world experience. With their straightforward and accessible writing style, the authors empower readers to make informed decisions and navigate the complexities of the financial markets.

A Wealth of Common Sense by Ben Carlson
An insightful book that debunks common myths and misconceptions in the world of investing. Carlson combines his expertise as an investment manager with engaging storytelling, providing readers with practical advice and timeless wisdom. From the role of emotions in investing to the importance of discipline and simplicity, the book offers a refreshing perspective on building wealth. With a focus on evidence-based strategies and a clear understanding of market realities, ‘A Wealth of Common Sense’ is a must-read for new investors.

Stocks for the Long Run by Jeremy Siegel
A guide to understanding the power of long-term investing in stocks. The author presents a wealth of historical data and research, demonstrating that stocks have consistently outperformed other asset classes over the long run. The book explores various factors that drive stock market returns, such as dividends and earnings growth. Siegel makes complex concepts accessible to readers of all backgrounds..

Antifragile by Nassim Taleb
This is a thought-provoking book that offers valuable insights for investors. Taleb’s concept of antifragility, the ability to benefit from volatility and uncertainty, challenges traditional investment thinking. He highlights the risks of fragile systems and promotes the idea of building robust portfolios that can withstand shocks (such as a pandemic) and thrive in turbulent times. His emphasis on managing downside risk, avoiding excessive leverage, and embracing optionality provides practical wisdom for investors seeking to navigate unpredictable markets. ‘Antifragile’ encourages a mindset shift, reminding investors to focus on protecting their capital while capitalizing on opportunities that emerge from chaos.

The Intelligent Investor: A Book of Practical Counsel by Benjamin Graham
A timeless masterpiece that remains an essential read for investors. Graham, considered the father of value investing, provides invaluable guidance on building a rational and disciplined approach to investing. Through concepts such as intrinsic value, margin of safety, and the Mr. Market analogy, Graham emphasizes the importance of thorough analysis, patience, and a long-term perspective. He cautions against speculative behavior and offers practical advice on portfolio management and risk mitigation. ‘The Intelligent Investor’ is a treasure trove of knowledge that prepares investors with timeless principles to navigate the ups and downs of the market with confidence.

How to read a financial report by John Tracy
Another great resource that provides investors with the knowledge and skills to interpret and analyze financial statements effectively. Similar to ‘Financial Statements’, reviewed below, the author guides readers through balance sheets, income statements, and cash flow statements, highlighting the critical information they contain. This book equips investors with the tools to assess a company’s financial health, profitability, and potential risks. If you want to get a solid understanding of financial statements, this is a great place to start.

The Psychology of Money by Morgan Housel
The author explores the intersection between psychology and personal finance. He delves into the behavioral biases and emotions that often drive our financial decisions, reminding investors that money is a deeply human and emotional endeavor. Through compelling anecdotes and research-backed insights, he challenges conventional wisdom and provides valuable lessons on risk management, patience, and the importance of long-term thinking. His engaging storytelling style makes complex concepts accessible, offering practical wisdom for investors seeking to better understand their own behaviors and make smarter financial choices. I found this a great book for understanding the psychological factors at play when investing.

100 Baggers by Chris W Mayer
An insightful book that explores the world of exceptional stock investments. The author delves into the concept of ‘100 baggers,’ which refers to stocks that provide investors with a hundredfold return on their investment. Through extensive research and analysis, Mayer identifies the key characteristics and patterns shared by these rare and highly profitable investments. He emphasizes the importance of patience, long-term thinking, and thorough due diligence in identifying potential winners. ‘100 Baggers’ offers investors valuable insights and inspiration to seek out the next great investment opportunity.

Common Stocks and Common Sense by Edgar Wachenheim
This book combines insightful investment wisdom with real-world experiences. The author, founder of Greenhaven Associates (a wealth management company), shares his practical approach to value investing, highlighting the importance of in-depth research and a long-term mindset. Through compelling case studies and candid discussions, he provides valuable insights into analyzing businesses, assessing competitive advantages, and managing risk. His emphasis on rational decision-making and disciplined portfolio management will help build a solid foundation in value investing principles and strategies that have stood the test of time.

Principles by Ray Dalio
A comprehensive guide that offers insights into investment principles and life philosophies. Dalio, one of the world’s most successful investors, shares his renowned “principles” for achieving success in both personal and professional spheres. From cultivating a culture of radical transparency to embracing radical truth and radical transparency, he offers a unique framework for decision-making and problem-solving. Drawing from his own experiences, he emphasizes the importance of learning from failures and fostering a growth mindset. This book provides investors with a holistic approach to navigate the complexities of life and the markets with clarity and purpose.

Financial Statements: A Step-by-step Guide to Understanding and Creating Financial Reports by Thomas R. Ittelson
A useful resource if you want to gain a solid understanding of financial statements. The author breaks down complex accounting concepts into clear and easy to understand language, providing readers with the knowledge to interpret and analyze financial reports effectively. Through practical examples and easy-to-follow explanations, he demystifies balance sheets, income statements, and cash flow statements. This book equips investors with the tools to evaluate a company’s financial health, profitability, and cash flow dynamics.

A Random Walk Down Wall Street: The Time-tested Strategy for Successful Investing by Burton Gordon Malkiel
The author argues that markets are largely efficient and that it is difficult, if not impossible, to consistently beat them through active stock picking or market timing. He emphasizes the benefits of low-cost index investing and diversification. He provides a comprehensive overview of various investment strategies, asset classes, and financial instruments. This book provides a solid foundation in understanding the dynamics of markets and making informed investment decisions in the unpredictable world of financial markets.

The Bogleheads’ Guide to Investing by Taylor Larimor, Mel Lindauer, and Michael LeBoeuf
Based on the principles of Vanguard founder John C. Bogle, the book emphasizes the importance of low-cost index fund investing, diversification, and long-term thinking. It offers practical advice on asset allocation, retirement planning, and avoiding common investment pitfalls. With its easy to understand language and real-world examples, ‘The Bogleheads’ Guide to Investing’ provides readers with a solid foundation in building wealth through sound investment strategies. It empowers investors to take control of their financial future while minimizing costs and maximizing returns.

The Motley Fool Investment Guide: How the Fools Beat Wall Street’s Wise Men and How You Can Too by David Gardner
The first investment book I read, mainly because I had to start somewhere. The Motley Fool style of investing matched my approach to investing – buy great companies and hold them for the long term. The Motley Fool approach emphasizes the importance of individual investors taking control of their financial futures through thorough research, long-term thinking, and a willingness to think differently. Gardner shares practical strategies for identifying high-potential growth stocks and avoiding common pitfalls. With its engaging writing style and real-life examples, the book encourages readers to develop their own investment philosophy and make informed decisions. If you don’t have a style or this sounds like a good way to invest, then check out this book.

Other books on investing and wealth generation (in no particular order)

  • Beating the Street by Peter Lynch
  • Common Stocks and Uncommon Profits by Philip Fisher
  • Poor Charlie’s Almanac by Charlie Munger
  • The Motley Fools Rule Breakers Rule Makers by David Gardner
  • The Black Swan by Nassim Taleb
  • The Five Rules for Successful Stock Investing and The Little Book that Builds Wealth by Pat Dorsey
  • Options as a Strategic Investment by L.G. McMillan
  • Bible of Options Strategies, The: The Definitive Guide for Practical Trading Strategies by Guy Cohen
  • Margin of Safety by Seth Klarman
  • You Can Be a Stock Market Genius by Joel Greenblatt
  • Quality of Earnings by Thornton O’ Glove
  • Rich Dad, Poor Dad by Robert T. Kiyosaki,
  • Millionaire Next Door by Thomas J. Stanley,
  • Richest Man in Babylon by George S. Clason,
  • The Simple Path to Wealth by J. L. Collins
  • Beyond Wealth by Alexander Green
  • The Education of Millionaires by Michael Ellsberg
  • The Joys of Compounding by Gautam Baid
  • Warren Buffett & The Interpretation of Financial Statements by Mary Buffet
  • The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller
  • The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
  • The Elements of Investing: Easy Lessons for Every Investor by Burton G. Malkiel
  • The Naked Investor: Why Almost Everybody But You Gets Rich on Your RRSP, by John Lawrence Reynolds
  • The Only Investment Guide You’ll Ever Need by Andrew Tobias
  • Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century by Vicki Robin
  • The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley & William Danko
  • The Simple Path to Wealth by J.L. Collins
  • The Total Money Makeover by Dave Ramsey
  • The Automatic Millionaire by David Bach
  • Rapid Debt Reduction Strategies by John Avanzini
  • The Dhandho Investor: The Low-risk Value Method to High Returns by Mohnish Pabrai
  • Stop Over-Thinking Your Money by Preet Banerjee
  • The Value of Simple by John Robertson
  • Millionaire Teacher by Andrew Hallam
  • The Gone Fishin’ Portfolio by Alexander Green

YouTube Channels / Videos

[coming]

Twitter

No matter  your level of investment experience, there are a lot of great resources on Twitter. These are a few of the ones I follow:

Websites

[coming]