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Investment and Finance Book Reviews

Updated on February 16, 2015

Essential Reading for Investors and Traders: Investment and Finance Book Reviews

If you are an active stock market trader an investor or just have an interest in economics and the markets there are several books that you should read to help understand the markets or just for a enlightening read.


Here are a few of my favourite investment and trading books and some of the classics that are essential reference material from the likes of Warren Buffett, George Soros, Benjamin Graham and Nassim Nicholas Taleb etc.


Finance and Investment book recommendations and reviews.

Classic Finance and Investment Books

A Random Walk Down Wall Street

A revised version of the classic guide to Wall Street which explains why fund managers so often lag behind Wall Street.

This book, by Burton G. Malkiel is absolutely essential reading for anyone hoping to work in Wall Street, The City or the financial services industry in general, but it also makes great bed-time reading for the rest of us too (well maybe not everyone's cup of tea, but if you are reading this, I would guess that you are interested in the workings of the finance industry) This book was originally written in 1973, but has been updated regularly to cover the many changes that have happened in the various markets since the first edition.

The emphasis of the book is summed up in the brilliant title: The market is random and a chimpanzee could beat a well paid fund-manager.

The Intelligent Investor (Benjamin Graham) - A Book of Practical Counsel

Written by the famous economist, Bemjamin Graham, an essential reference for value investors.

A book detailing years of accumulated wisdom from one of the all-time investment greats. Loss minimization is more important than profit maximization.

Graham's investment guide was first published in 1949 and described by Warren Buffett as "the best book on investing ever written"

Risk and Randomness

Fooled by Randomness - The Hidden Role of Chance in the Markets and in Life

This book by Nassim Nicholas Taleb looks at risk and reward in an interesting way and came before his highly successful book, "The Black Swan"

Nassim Nicholas Taleb was a professional trader and mathematics professor and, in this book, examines the effects of randomness on the markets, with many stories drawn from real life. An interesting alternative view of the mathematics of the money markets and life.

Black Swan: The Impact of the Highly Improbable - Another classic by Nassim Nicholas Taleb

If you liked "Fooled by Randomness", then you will also like this one. Here the influence of highly improbable and unpredictable events and the potentially massive impact on the world and the stock markets are examined. A continuation of the analysis started in "Fooled by Randomness"

Money...

Money...
Money...

Warren Buffet

The Essays of Warren Buffett - Lessons of Corporate America

By Warrent Buffett himself: Perhaps the most successful investor of all time and one of the richest people in the world after many decades of exceptional investment returns.

George Soros

The Alchemy of Finance (George Soros)

How to take advantage of an asset bubble, by the master himself.

A detailed description of investment and trading methods employed by George Soros, one of the most powerful and profitable investors in the world (Called "The Man Who Moves Markets" by BusinessWeek) Soros famously bet against the British Pound and made a billion dollars.

Common Stocks and Uncommon Profits - By Philip A. Fisher

The classic book for buy and hold investors and growth investors.

Where Are The Customers' Yachts

A Good Hard Look At Wall Street

by Fred Schwed Jr.

Merryn Somerset Webb

Merryn Somerset Webb

Merryn Somerset Webb's "Love is Not Enough" (Subtitled "A Smart Woman's Guide to Making (& Keeping) Money") is an intelligent book about money: making it, saving and investing it and spending it sensibly. Useful advice for everyone, but with an emphasis on women's attitudes to money. Apparently even Kate Middleton (our future Queen?) Merryn Somerset Webb's book covers women's shopping compulsion to pensions, investments and pre-nups. She is an ex-stockbroker, financial journalist and edits the finance magazine Moneyweek, but she is also a mother.

Thinking Fast and Slow

by Daniel Kahneman

Nobel Prize in Economics 2002

Thinking Fast and Slow - by Daniel Kahneman

Thinking Fast and Slow looks at the way our minds work in all aspects of our lives, but in particular when dealing with the way we think when taking financial decisions: How we analyse risk and reward. The book explains the two systems that control how we think and make choices: One system is fast, intuitive and emotional and the other slower and more logical.

This book could change the way in which you make financial decisions for the better.

Daniel Kahneman was awarded the Nobel Prize in Economics in 2002 and is the Eugene Higgins Professor of Psychology at Princeton University and Emeritus Professor of Public Affairs at Woodrow Wilson School of Public and International Affairs.

Please tell me about any other book recommendations or your lenses about finance and investment.

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    • Mr Criminology profile image

      Bigwas 4 years ago from Philippines

      the intelligent investor seems really a nice book on investment.

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      mstcourtjester 4 years ago

      Another great lens! Thanks for the info, found a few more books to read :)

    • MatijaB LM profile image

      MatijaB LM 5 years ago

      I think the best book is Inteligent Investor.

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      brookehudson 5 years ago

      I'm a huge fan of George Soros of The Alchemy of Finance. If you want to become a successful entrepreneur you can look up to him, read his book and from there youâll get many financial advices.

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      marsha32 5 years ago

      Looks like a lot of great books. I am adding this one to the list I am sharing in my own book reviews lens.

    • profile image

      anonymous 5 years ago

      That's an excellent list about investing books.

    • profile image

      therightequityrelease 5 years ago

      Interesting lens

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      therightequityrelease 5 years ago

      Interesting lens

    • Andy-Po profile image
      Author

      Andy 5 years ago from London, England

      @julieannbrady: I don't really know enough about 401ks to give advice. Here in the U.K. we have similar things called "personal pensions" and "SIPPs" which have similar tax-breaks and generally it is worth hanging on to them for the long-term, but the stock-markets have been so volatile recently. The first few weeks of 2012 have been extremely good, though - I just hope it can continue.

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      julieannbrady 5 years ago

      Andy, do you have any advice for us with 401k's? Do we pull them out and convert to IRAs or let them rest?

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      andersonwilson 5 years ago

      Hi Andy very useful list of slective books on finance & investments. Nicely categorised books so easy to find a particular book. This is like bookshelf with proper tags & littlebit of summary :) Thanks.

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      anonymous 5 years ago

      This is a terrific lens. A lot of great resources.

    • BryanLSC profile image

      BryanLSC 5 years ago

      I would love to own a copy of Random Walk and the Intelligent Investor!

    • BryanLSC profile image

      BryanLSC 5 years ago

      I would love to own a copy of Random Walk and the Intelligent Investor!

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      redleafloans 5 years ago

      Thanks for sharing... Definitely a good source for things about finance...

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      Rowanshayne 6 years ago

      Nice Post ! Thanks for sharing a good information about Kreditvergleich

    • Blackspaniel1 profile image

      Blackspaniel1 6 years ago

      Nice lens

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      theclickfactory 6 years ago

      This is really an excellent lense. loved reading it. i have been searching about diploma of financial services.

    • profile image

      schaedlerinsurance 6 years ago

      Thanks, this really very nice suggestive post to investor.

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      quotes4 6 years ago

      I must agree with your recommendation of the Fool Publication I have read several of these and from the complete newbie to the expert each will learn something new and worthwhile.

    • UKGhostwriter profile image

      UKGhostwriter 6 years ago

      Excellent lens! - well done

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      buntyross 6 years ago

      This really is very good informative article on investments, i have been looking around for some information fixed term investment and what are the best options and found this very informative.thanks for the nice post

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      anonymous 6 years ago

      Nice informative business lens.Investment and finance books are very nice collection.Thanks for sharing. strategic planning software

    • ElizabethJeanAl profile image

      ElizabethJeanAl 6 years ago

      In today's market, leaving things to chance is not a good idea. The more we read and understand the better.

      Thanks for sharing.

    • jackieb99 profile image

      jackieb99 6 years ago

      Great lens. Thanks for all the good information

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      anonymous 6 years ago

      A great list of material to change one's financial life. Good lens. Thumbs up and FB like.

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      anonymous 6 years ago

      Looks like some good books to read, esp. revised editions by experts.

      When is Andy going to write a book? You could do it!

    • ElizabethJeanAl profile image

      ElizabethJeanAl 7 years ago

      Great list of resources.

      Thanks for sharing

    • OhMe profile image

      Nancy Tate Hellams 7 years ago from Pendleton, SC

      You sure have a lot of great resources for investors. This lens will be most helpful to those looking for information on Investment and Finance.

    • RhondaAlbom profile image

      Rhonda Albom 7 years ago from New Zealand

      Nice broad selection of books. Well done.

    • Dianne Loomos profile image

      Dianne Loomos 7 years ago

      Not crazy about the oil deal that Soros just made with Obama. We'll be sending 2 billion taxpayer dollars to his company in Brazil so they can drill for oil. We need to drill here in our own country!

    • SandyMertens profile image

      Sandy Mertens 7 years ago from Frozen Tundra

      Very helpful lens.

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      anonymous 8 years ago

      Another helpful Business lens Andy.