20 Must Read Money Books

 

Since I started getting seriously interested in money, investing, and finance back in 2011, I’ve been devouring knowledge on these topics to prepare myself for the plan I have for financial independence and how I intend to get there. These books are my 20 must read money books. Take a look.


Disclaimer: This post contains affiliate links. I highly recommend you go to your local library and borrow these books for FREE!

If you’re ready to move on from the training-wheel-books on personal finance, here are the books that will provide you with the knowledge and wisdom on how to approach the complexities of investing your money. I’ve learned a lot from these books and I think you will too.

The Top 20 List

1. The Intelligent Investor

“Keep your emotions in check, learn market history, don’t speculate, and buy assets with a wide margin of safety.”

Capitalist Stock Market

 

2. Enough

“This book challenged me on what enough meant to me, both in life, money, and investing.”

Kapitalust MER

 

3. The Wealthy Barber Returns

“This is the ultimate beginners guide for Canadians.”

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4. The Little Book of Common Sense Investing

“A great introduction from the father of index funds on why most investors should stick with index funds.”

Kapitalust Index Funds

 

5. How a Second Grader Beats Wall Street

“The beginners guide with simple language on why you should stick with index funds.”

Kapitalust Mutual Funds

 

6. The Black Swan

“While Taleb can be a bit full of himself, the greatest insight I gained was that the stock market can be very, very random.”

Kapitalust Invest

 

7. The Ascent of Money

“A brief and concise whirlwind tour of financial history. Be wary of bubbles.”

Kapitalust how to invest

 

8. Fooled by Randomness

“Chance plays a bigger role in stock market success than you might think.”

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9. A Random Walk Down Wall Street

“The classic research-backed argument for why the markets are efficient most of the time and thus why most investors should stick with index funds.”

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10. The Four Pillars of Investing

“A terrific, in-depth approach to the theory, history, psychology, and mechanics of investing.”

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11. Buffett: The Making of an American Capitalist

“Immense patience is required in sound investing: wait for the fat pitch.”

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12. The Essays of Warren Buffett

“More wisdom than I can share in a sentence. Just read it.”

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13. The Snowball

“The markets can remain irrational for a very long time, but eventually, reality and value will converge.”

Kapitalust Warren Buffett

 

14. Common Stocks and Uncommon Profits

“The supreme importance of qualitative factors when making investment decisions.”

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15. Winning the Loser’s Game

“One of my favourites. A compelling argument as to why you should stop trying to be an amateur stock trader.”

Kapitalust how to save money

 

16. The Most Important Thing

“Avoid the losers, the winners will take care of themselves.”

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17. Stocks for the Long Run

“A great introduction to market history and why stocks are the best asset class for long term investment.”

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18. The Millionaire Next Door

“The science behind asset allocation and proper diversification for the success of your investment portfolio.”

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19. Unconventional Success

“Reviews the importance of index funds, asset allocation, rebalancing, and avoiding making silly mistakes.”

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20. The Pension Puzzle

“The Canadian Bible on pensions and retirement.”

Kapitalust pension plan

 

 

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17 thoughts on “20 Must Read Money Books

    1. I left The Millionaire Next Door out because I thought it was too much of a beginner’s book, but I think I’ll revise the list and take one out to put that one in. It is a great book!

    1. Great minds think alike? 😉

      I think I’ll have to make a beginner’s list of money books – even The Intelligent Investor can seem daunting to the beginner! I’ll check out your list for some ideas!

  1. I will have to have a look at these. I think the Wealthy Barber is a great book for people just starting out – simple advice that anyone can follow. I like Gail Vaz-Oxlade’s books for the same reason. The Millionaire Next door was a good read too.

    1. Some of these can definitely become a Zzzzz snoozefest if enough attention and interest isn’t there. However, all of them contain immense knowledge and wisdom. Try anything by John Bogle: clear, concise, and well written!

  2. Great list. I haven’t heard some of these before. Will definitely be checking them out 🙂 Another one I like is The Richest Man in Babylon. It’s a small book, only 145 pages, and is made up of fables that convey various financial principles.

    1. I remember listening to The Richest Man in Babylon via audiobook at work sometime ago because I was bored and was sick of the radio. Definitely great ideas and principles in that book if one keeps an open mind to all the stories.

  3. Extensive list much? 😉

    I’ve only read Benjamin Graham’s work thusfar, but I’m interested in checking out some of the works on Buffett! Henry from Living at Home has been reading his shareholder letters, which I’m planning on doing in the next couple of weeks.

    1. Hehe I could go on and on and on with books! The Essays of Warren Buffett are an organization of the shareholder’s letters into a coherent, topic by topic organization so look to borrow that from the library it’s available!

    1. One Up was the final book to get cut. While I really enjoyed the book, I feel like Lynch made it seem like investing in individual stocks is TOO easy, which I didn’t quite agree with. What I mean by that is that it comes across as that, even though he doesn’t actually mean that it’s ever easy to invest in stocks. I think that can trip beginners up and make it seem like it’s an easy thing to do, which it isn’t. He would be the 21st book for sure though!

    1. Thanks Dan! I haven’t heard of Enough Bull – I’ll be checking it out from my local library! Thanks!

  4. Pretty awesome list! I’ve read about 1/3 of these and many more are on my list. I know I’ve said it before, but I can’t stress enough how great Poor Charlie’s Allmanack is. Loved it.

    Also, love Bogle and his books. That guy right up there with Munger and Buffett. Really good guy too as you know from “Enough.”

    1. Haha the ONLY reason I haven’t bought PCA is because it would cost upwards ~$50 to get it shipped to Canada and I happen to be planning on going to the Berkshire Shareholders Meeting in 2015 so I’ll just buy a copy when I swing through there in May 2015. Will you be going??

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