Lummi Anton
AcrossLimits
This article presents a curated selection of literature designed to guide readers through the multifaceted world of investing. They are designed to empower both inexperienced and experienced investors with essential guidance on navigating the complexities of the stock market, constructing resilient investment portfolios, and cultivating emotional discipline to effectively manage the risks inherent in financial decision-making within a dynamic market environment.
The selection features five recommended books ideal for both new and experienced investors.
1. The Random Walk Guide To Investing – Burton G. Malkiel (Goodreads)
The book is a practical guide for those eager to learn investing, authored by Burton Malkiel, an American economist and professor at Princeton University. It outlines basic recommendations to start investing with reduced risks.
Anyone can work toward financial freedom by following the author’s rules. These include starting to save immediately, regularly setting aside money, building a financial safety net, utilising tax advantages, diversifying investments, and avoiding emotional decisions and market predictions.
Each rule is detailed in its own chapter with practical examples.
To whom it may concern? The book is suitable for a wide range of readers. It can appeal to novice investors looking to create their own investment portfolio or increase their capital, as well as those who wish to expand their knowledge in the fields of economics and finance.
2. The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between – William J. Bernstein (Goodreads)
William Bernstein wrote a clear guide on building an investment portfolio. His goal is to help investors avoid mistakes and preserve their money. The book “The Investor’s Manifesto” shares his insights on becoming a successful investor, emphasising qualities like genuine interest in investments, mathematical proficiency for probability theories and statistical analysis, knowledge of stock market history, and internal discipline.
Key takeaways include saving diligently for a secure future, creating a financial safety net for unexpected expenses, diversifying investments to reduce risk, and investing in passive index funds for broad exposure to profitable stocks.
To whom it may concern? The book is recommended for novice investors
3.The intelligent investor – Graham Benjamin (Goodreads)
The goal of the book, as outlined by its author, is to assist novice investors in understanding the intricacies of investing. The author shares practical knowledge about the stock market and securities, provides examples of comparative stock analysis, and introduces his developed strategy—value investing, which is based on identifying undervalued securities through fundamental analysis.
Significant attention is given to the psychology and behaviour of investors, emotional aspects of investment activity, and personal qualities that enable successful investing. The book’s central idea, encapsulated in its title, is that a successful investor must be rational.”
To whom it may concern? The book is suitable for a wide range of readers. It can be of interest to novice investors who intend to create their own investment portfolio or increase capital, as well as to those who want to expand their knowledge in the field of economics and finance.
4. Bank 4.0: Banking everywhere, never at a bank – Brett King (Goodreads)
In his new book on banking services, Brett King reflects on the future that modern technologies are shaping for banks. He envisions a future, perhaps thirty or fifty years hence, where physical cash and cards will fade into obscurity, giving way to a fully digital banking system. What will become of traditional banks and accounts as we know them? How secure and streamlined will identification procedures be? What role will “disruptive” technologies and fintech startups play in the future of banking?
Mobile payments, blockchain, artificial intelligence, augmented reality—these are the components of a new banking ecosystem that extends far beyond Wall Street and integrates seamlessly into everyday life. “Bank 4.0” offers a glimpse into this future—a world of instant and ubiquitous access to “smart” banking.
To whom it may concern? This book is aimed at businesspersons, financiers, banking professionals, and anyone interested in the evolution of the financial sector.
From the author Brett King, we also recommend the following readings also Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking (Goodreads)
The book is a definitive guide to disruptive banking, featuring interviews with global FinTech experts. It explores topics such as neo-banks, peer-to-peer lending, and blockchain, offering valuable insights into current financial trends and consumer behaviours. It’s a must-read for understanding the evolving landscape of finance.
5. Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor – Jeremy C. Miller (Goodreads)
Warren Buffett is a renowned American investor with a fortune exceeding one hundred billion dollars. The book compiles Buffett’s letters to partners of his first company, BLP, founded in 1956. In these letters, Buffett regularly shared performance results and explained his market strategies to his partners.
The author of the book is not Buffett himself, but investment analyst Jeremy Miller. Miller not only gathered Buffett’s letters but also provided detailed analysis. The structure of the book follows each of Buffett’s letters with comprehensive commentary from the author.
For instance, readers can discover Buffett’s scepticism towards those who try to predict market behaviour and make investment decisions based on such predictions. He believes these guesses are futile and can lead to financial losses.
To whom it may concern? Anyone interested in understanding the mindset of strong and successful investors will find value in this book on investment. It is suitable for both beginners and experts in the field.
