6 Great Investing Book Gift Ideas

With the holidays coming up, I thought I would highlight some of my favorite investment books. What better gift to give the investors in your life (or yourself!) than the gift of investing knowledge?

I’ve read a lot of books on investing, but these set themselves apart because I actually learned something new from them. Yes, you can learn a lot from just reading great content for free on the internet, but you can’t replace a good book which can provide a level of depth and breadth that’s rare to find online.

 

#1 More Than You Know: Finding Financial Wisdom in Unconventional Places (Michael Mauboussin)

I am a huge believer that investing is not just about discrete trading events. It’s about process. It’s about having a realistic understanding of market probabilities and investor psychology. Mr. Mauboussin’s book does an amazing job of giving insights into all these things, in a straight-forward manner, without overwhelming you with Ph.D level jargon. I found myself taking a lot of notes while I read this book

 

#2 How to Read a Financial Report (John A. Tracy)

If you want to start mastering the art of 10Ks and 10Qs, start here. Even if you don’t want to spend your days reading financial documents, if you want to be a self-sufficient investor, you at least have to speak the language of public corporations. John Tracy gives a solid and thorough introduction.

 

#3 Financial Statements: A Step by Step Guide (Thomas R. Ittelson)

Another great book on understanding the basic documents of the investing architecture. Without being too dry, you really will learn a lot here.

 

#4 Options as a Strategic Investment (Lawrence G. McMillan)

The classic bible on options strategies. This one does read more like a text book but if you want to get serious about trading options, this is required reading.

 

#5 Family Fortunes: How to Build Family Wealth and Hold onto it for a 100 Years (Bill Bonner)

An inspiring book on long-term investing. This is not about getting rich overnight, it’s about building wealth over the course of a lifetime in order to provide financial security for our loved ones.

 

#6 Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments (Joshua Brown)

Josh knows from what he speaks. He’s one of my favorite bloggers and in this book he brings you behind the scenes on the whole stock broker/financial advisor industry, everything that’s wrong with it, and how to use that knowledge to hold onto your wealth. If you currently pay a broker or advisor to help you invest, read this book.

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