If you want to get savvy on the stock market, reading up is a great way to start. Everyone from beginners to stock market experts can learn important lessons from the cannon of classics for understanding the stock market. Here, we review some of the best stock books:
- “The Intelligent Investor” by Benjamin Graham
- “The Essays Of Warren Buffett: Lessons For Corporate America” by Warren Buffett and Lawrence Cunningham
- “A Random Walk Down Wall Street” by Burton G. Malkiel
- “The Little Book of Common Sense Investing” by John C. Bogle
- “The Bogleheads’ Guide to Investing” by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf
- “How to Make Money in Stocks” by William O’Neil
- “When to Sell: Inside Strategies for Stock-Market Profits” by Justin Mamis
- “Stock Investing For Dummies” by Paul Mladjenovic
- “One Up On Wall Street: How to Use What You Already Know To Make Money in The Market” by Peter Lynch and John Rothchild
- “How to Buy Stocks” by Louis Engel
- “If You Can: How Millennials Can Get Rich Slowly” by William J. Bernstein
- “Options Profit Accelerator” by Jeff Bishop
Grab a few of the best books to learn stock trading online or at your local library or bookstore to get started.
Top Stock Market Books
You can choose from a variety of books on stocks to build your market and trading knowledge. They cater to levels ranging from first-timers to veteran traders. Some focus on one stock type, such as options, while others cover the whole gamut. Here are 12 of the best.
“The Intelligent Investor” by Benjamin Graham
Most experienced analysts say if you’re going to read one book about the stock market, it should be “The Intelligent Investor.” Written by famed trader Warren Buffett’s college professor Benjamin Graham, this book was first published in 1949 and has since reached iconic status in this field.
The book can be a bit dense for today’s reader, but it has so many nuggets of wisdom that make it worthwhile. “The Intelligent Investor” will help you understand Graham and Buffett’s famous investment philosophy, called “value investing,” which focuses on finding long-term strategies to build a well-rounded investment portfolio that brings consistent yields.
In contrast to strategies such as day trading, which rely on making money from quick trades, value investors analyze the underlying fundamentals of companies to find investments that can weather the market’s ups and downs. Through all that has changed in the world since “The Intelligent Investor” was published, it remains a classic of the genre for a reason.
“The Essays Of Warren Buffett: Lessons For Corporate America” by Warren Buffett and Lawrence Cunningham
Once you’ve read the book by Buffett’s mentor, it’s time to hear from the man himself. Although Buffett is known to keep his lips sealed about particular investments, you can learn a lot by following his investments.
This book is a collection of the letters Buffett has written to shareholders over the years. Read together as a set of essays, they aptly summarize his very successful investment strategy. Whether you subscribe to his methods, Buffett is the world’s greatest investor, and there’s plenty to learn from his wisdom.
“A Random Walk Down Wall Street” by Burton G. Malkiel
“A Random Walk Down Wall Street” is another one of those classics that’s on everyone’s list. Malkiel has a particular perspective on how the stock market works: He argues that technical research won’t help investors beat the market. He likens the stock market to a random walk that is essentially impossible to predict. While that’s blasphemy to some investors, he backs his argument with tons of statistics and research. The book also explains many of the core concepts you’ll need to know to become an expert trader, including trends, bubbles, diversification, indexing, and more.
“The Little Book of Common Sense Investing” by John C. Bogle
This is another classic you can find on many a professional and beginner investor’s bookshelves. The Bogle method of investment focuses on index funds, or portfolios of stocks and bonds designed to mimic the composition of a financial market index.
In “The Little Book of Common Sense Investing,” Bogle advocates for investing in low-cost index funds. And he would know: Bogle is the founder and retired CEO of the Vanguard Group, an investment management firm with more than $5 trillion under management that has a reputation for providing the industry’s lowest-cost index funds.
Bogle has published another book, “Common Sense on Mutual Funds,” which is also a bestseller and covers the ins and outs of investing in mutual funds. These books represent another opportunity to learn directly from industry greats.
“The Bogleheads’ Guide to Investing” by Taylor Larimore, Mel Lindauer & Michael LeBoeuf
Indeed, Bogle’s methods and teachings are so popular that he has inspired a following who playfully refer to themselves as Bogleheads. “The Boglehead’s Guide to Investing” elaborates on Bogle’s investing strategies.
This book assumes no financial knowledge on the part of the reader, making it great for beginners. It walks readers through everything they need to know to implement their own index fund strategy. The book even comes with a forward written by Bogle himself, so it has been blessed by the master.
“How to Make Money in Stocks” by William O’Neil
“How to Make Money in Stocks” is another classic. In it, William O’Neil explains his patented system for picking winners in the stock market: CAN SLIM. The book is a useful guide for investment amateurs because O’Neil explains fundamental and technical analysis, in addition to his investing secrets. The seven-step system is relatively easy to master.
“When to Sell: Inside Strategies for Stock-Market Profits” by Justin Mamis
Author Justin Mamis spent time working as a member-trader for Phelan, Silver, Vesce, Barry & Co., a NYSE specialist firm. In his book, he shares everything he learned about timing the buying and selling of stocks. Mamis explains which market indicators day traders should focus on. He also goes into detail about how experts take advantage of average investors’ psychology. This book is a fascinating peek into a professional trader’s work.
“Stock Investing for Dummies” by Paul Mladjenovic
The “… For Dummies” book series is famous for its humorous yet informative way of sharing information on nearly any topic you might want to know about. “Stock Investing for Dummies” is another great entry in this series. The book tells the new investor pretty much everything he or she might need to know, from basic definitions of market jargon to real-life examples of solid investment plans the average investor can follow. The author gathers tons of useful information in one place, making this book a great go-to for people looking to learn more about investing in the stock market.
“One Up On Wall Street: How to Use What You Already Know To Make Money in The Market” by Peter Lynch and John Rothchild
In “One Up On Wall Street,” authors Peter Lynch and John Rothchild explain strategies the average investor can use to beat the market and make money trading on the market. The book is written in a breezy and easy-to-understand tone, making it a fun read.
“How to Buy Stocks” by Louis Engel
This book shares everything the average investor needs to know to get started in investing. Engel explains many kinds of basic securities an investor might be interested in, as well as an overview of how the financial markets work. The book is great for people new to investing as well as veteran traders who want an insider’s behind-the-scenes look at how the system really works.
“If You Can: How Millennials Can Get Rich Slowly” by William J. Bernstein
“If You Can” is just 16 pages long, which makes it the fastest read on our list. The book breaks down long-term investing strategies so anyone can understand them. The book is designed for millennials just starting down a lifelong investment journey but is suitable for anyone who wants a quick, easy read explaining how to invest and save for the long run.
“Options Profit Accelerator” by Jeff Bishop
Learn how to trade options like the pros with “Options Profit Accelerator.” For a limited time, you can get a free copy of the e-book. Author Jeff Bishop is a founder of RagingBull and one of its expert trainers. A multimillionaire trader with more than 20 years of experience in trading, Bishop is ready to share his expertise. While Bishop has worked in every area of the market, he has a special expertise in trading options.
If you’re ready to learn more about how to make money on the stock market, sign up for a free training session with one of RagingBull’s expert trainers.