5 Finance Books You Should Read!

Over the last couple of years, I’ve been reading a lot of resources on personal finance, investing, and stock market trading. These resources may be in varied forms- books, blogs, newsletters, YouTube videos, financial websites, educational material, etc.

But one thing that I feel helped me the most is reading. Specifically, reading good books. So, today I’ll give you some of my top favourite books on personal finance, investing, and trading.

1. Diamonds in the Dust

Short Summary: Vital and indispensable, this book will serve as the ultimate manual on investing and provide practical counsel to readers to achieve their financial goals. This book offers Indian savers a simple, yet highly effective, investment technique to identify clean, well-managed Indian companies that have consistently generated outsized returns for investors.

It also debunks many notions of investing that have emerged from the misguided application of Western investment theories in the Indian context.

Check it out here: Amazon

1. The Almanack Of Naval Ravikant

Short Summary: The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness.

Check it out here: Amazon

1. I Will Teach You To Be Rich

Short Summary: One can look at “I will teach you to be rich” as a 6-week personal finance course to get your financial life sorted for the rest of your life. Ramit Sethi focuses on 20 to 35-year-olds to help them get their finances in order even if they are not financial experts.

What sets this book apart is that it not only focuses on stock market investing and savings etc. like other personal finance books by Indian Authors available in the market. Sethi also focuses on credit cards and how one can use them to his/her advantage. The book also helps you manage debt, create budgets, set goals and find the right investment options to invest in to achieve them.

Check it out here: Amazon

1. The Dhandho Investor

Short Summary: In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market.

The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as Heads, I win! Tails, I don't lose that much!, Few Bets, Big Bets, Infrequent Bets, Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks.

Check it out here: Amazon

1. The Unusual Billionaires

Short Summary: This book tells the story of seven odd companies, handpicked out of over 5000 listed on the Indian stock exchange. Built by visionary business leaders, they have delivered outstanding results for a decade and more.Saurabh Mukherjea, the author, tells you why focusing on the core business is central to corporate success and how a promoter giving up control to the top management could be a boon. He also explains how investors can generate market-beating investment returns from identifying companies such as these using a simple set of metrics.

Check it out here: Amazon

That’s it for today. See you next week with more amazing things that will make you wiser.

Until then...

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