Hang out with people better than you, and you can’t help but improve.
One cardinal difference between the 1% and the 99% is that the vast majority of the 1% are avid, voracious readers. Reading expands the mind and an expanded mind never recoils to its original dimension. Expansion then begets expansion; wisdom begets wisdom. In Daniel Chapter 1, Belteshazzar, through extensive reading and detailed study of language, literature, and geographic affairs were among the very few selected to run the administration of King Nebuchadnezzar.
You see, Nebuchadnezzar had a demand, and Daniel had the supply. This reminds me of Proverbs 22:29: “Do you see someone skilled in their work? They will serve before kings; they will not serve before officials of low rank.”
Zig Ziglar brilliantly highlighted this fact: “When your vocabulary increases your IQ goes up”. He also asked a rhetorical question, “If you think education is expensive, have you checked on the price of ignorance?”
“At age thirty-seven, Vince Robert, a man with a 5th-grade education, of Ottawa, Canada, was a taxi driver. He spent many hours each day waiting for fares at hotels and airports. One day, he was overtaken with inspiration and bought a twenty-pound dictionary. Vince put it on the seat beside him in his taxi and started learning those words. His knowledge increased so much, along with his confidence, that he started investing in the stock market.
Bottom line, he bought the eighteen car cab company. Today, he lectures to people on how to become successful.”
Legendary investor Warren Buffet reads for 6 hours a day. Bill Gates reads a book a night. Famous activist investor, Carl Icahn, reads 5 hours a day. These gentlemen and others equally yoked read magazines, books, newspapers, annual reports, press releases and other staples of good tidings on a daily basis – thus giving them a comparative advantage (a moat to use a Buffet Vernacular) over others.
Earl Nightingale, a respected speaker and author, graciously referred to as the dean of personal development, said a few decades ago that one hour per day of study in your chosen field was all it takes. One hour per day of study will put you at the top of your field within three years. Within five years, you’ll be a national authority. In seven years, you can be one of the best people in the world at what you do.
Motivational speaker and author, Brian Tracy, encouragingly articulated, “If you read one hour per day in your field, that will translate into about one book per week. One book per week translates into about 50 books per year. 50 books per year will translate into about 500 books over the next ten years.”
The mind is one of the most magnificent organs ever created by Divine Providence this side of the Milky Way.
Some people with unflinching regularity wax and polish their cars; others, with unremitting determination exercise and develop a wonderful body; still, there are the minority whose love for reading has become a precious habit, cultivating and expanding that magnificent organ.
I have assembled a list of books on stock market investing sure to wet your appetite for stock market analysis and to set you on your way to financial
brilliance. LET’S DO THIS!
This classic is a great appetizer. A Wonderful book on 10 principles of business with a strong biblical orientation. The writer weaves together one of the most important stories in biblical narration with firm principles of successful living
I had the happy opportunity to read this book which is fittingly referred to as the Bible of value investing. The author, Benjamin Graham, was the mentor of Warren Buffet and most other successful investors like Guy Spier, Howard Marks, Mohnish Pabrai and countless others. The distilled essence of the book is a deep flavor of how to buy great businesses that are worth a $1 for 50 cents. Reading this book has been a high water mark for many successful investors, and I am confident it will be so for you.
We have to think differently to achieve different results. To think like the herd is to be average. This book gives us deep insights into what makes brilliant people and successful companies so different. This is a refreshing read and eye-opener.
This book by Philip A. Fisher is a gem. It belongs to posterity as a rule book for sensible investing. It is one of Warren Buffet’s favorite. Within its pages are a wealth of common sense approach to evaluating companies, communicating with stakeholders and purchasing stocks at deep value prices. It is one that rivals “The Intelligent Investor” and belong on the shelves and bookcases of investors and businessmen alike.
I had the great fortune of listening to Michelle Ledger on the Value Investing Podcast and immediately placed her book in my Amazon wish list. This book is a must read for any investor with concerns about protecting an investment from unscrupulous management. The book gives you item by item detail of the fine prints to be aware of in a company’s quarterly, annual and proxy statements. Investors in WorldCom, Tyco International, Enron and myriad of other companies whose ticker price experienced apocalyptic fall would have benefited from the rich nuggets of information brilliantly penned in these pages.
This book is a window opener; it is a weathervane pointing to the direction the economy of job security. In the book, a rich dad has nothing but a high school education, while the poor enjoyed the “disadvantage” of a university education. Rich dad went into business and poor dad went to work for the government. Rich dad made a fortune, poor dad was fired when he was approaching the age of retirement. The admonition from the book is simple: those that are financially stable invest in the stock market, own real estate or establishes a business.
Peter Lynch is unquestionably one of the greatest on Wall Street. If you are going to learn something, then learn from the best. Lynch’s book is a source of insightful information sure to strengthen you knowledge of the stock market. Put this one up on you book case. It’s a keeper!
A nice read written by one of America’s most formidable entrepreneurs. He wrote this autobiography of sort on (literally) his death bed. Need a mentor? You have access to one of the greatest business minds of modern time. Get this book.
Mohnish Pabrai is a famous value investor in India. I have read about the man. Love his philosophy on giving and his basic outlook on life. He is a great friend to Guy Spier, author of the book “The Education of a Value Investor”. In 2007 he made frontpage news by bidding US$650,100 with Guy Spier for a charity lunch with Warren Buffett yes mentor. Learn from a man of humble beginnings; learn from Mohnish.
This epistle is a diamond in the rough. Get your pencil out, this book demands lots of underlining, for there are beautiful lines of prose and wisdom that lace through its pages. All Christians are called to be leaders. “In the same way, let your light shine before others, that they may see your good deeds and glorify your Father in heaven” (Matthew 5:16) is a call to lead, to pick up the mantle wherever you are, title or no title.
With an Amazon 4 /12 stars after over 1400 reviews, this book is high up on the bestseller list. The word “Babylon” in the title belies the exceptional wisdom that reels through every page. This book is akin to “Think and Grow Rich”.
Part of investing is understanding micro and macro economy factors. This book from Adam Smith is a classic and a must read to understanding labor, production and how the economic engines of the world powers work
The Title speaks for itself. We can’t talk about biblical principles of investing without a title with that orientation. This is a one night read to illuminate your doorway to sound investment and financial security
Do not buy a stock or senior security (bonds and preferred shares) without reading this book. The sublime teachings of this book mirrors Solomon words about “There is a time for everything, and a season for every activity under the heavens”. Much of the pendulum swing from manic highs to depressive lows are mostly guided by seasons and the cyclical nature of things. If you have a great understanding of the pattern of seasons, you are imbued with a good foundation for investing
I purchased this beautiful compendium of letters. This, by itself, is a priceless education. Letters, written in prose and strengthened with pathos that paints a vivid picture of credo of the greatest financial wizard of ourtime. Every line seems worthy of an underline.