There are many great books out there for aspiring investment managers, from classic works on value investing to the latest research on behavioural finance, and we've complied our top picks for you.
Whether you are a seasoned investment professional or just starting out, there is always more to learn about investing.
Books about investment management
There are many great books out there on the world of investment management – here are three of the classics.
- The Intelligent Investor by Benjamin Graham - a classic book on value investing emphasizes the importance of patience, discipline, and diversification in investing. It provides a solid foundation of investment principles and strategies that are still relevant today.
- One Up On Wall Street by Peter Lynch - provides insights into the investment philosophy and techniques of Peter Lynch, one of the most successful fund managers of all time. It emphasizes the importance of doing your own research and investing in what you know.
- The Four Pillars of Investing by William J. Bernstein - a comprehensive overview of investing, covering topics such as asset allocation, risk management, and behavioural finance.
Books for beginners
These books are a great starting point for beginners as they cover the basics of investing, practical advice, and an emphasis on the importance of low-cost, diversified investing.
- The Simple Path to Wealth by JL Collins - a simple and easy-to-understand approach to investing that is perfect for beginners. It covers topics such as the importance of saving, investing in index funds, and avoiding high fees.
- The Little Book of Common Sense Investing by John C. Bogle - a classic for beginners and provides a solid foundation for understanding index funds and ETFs. It emphasizes the importance of low-cost, diversified investing.
- The Bogleheads' Guide to Investing by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf - a comprehensive guide to investing covering topics such as asset allocation, diversification, and index funds. It is written in a clear and easy-to-understand style that is perfect for those just starting out.
Books about the psychology of investing
There is so much psychology involved in decision-making and investing. These books can help you understand the biases and tendencies that can affect your investment decisions and provide strategies for making more informed choices.
- Thinking, Fast and Slow by Daniel Kahneman - This book provides insights into the two systems of thinking that affect decision-making: the fast, intuitive system and the slower, more deliberate system. It explores the biases and heuristics that can lead to irrational decisions and provides strategies for overcoming them.
- The Psychology of Investing by John R. Nofsinger - This book explores the psychological biases and tendencies that can affect investment decision-making. It provides insights into how investors can overcome these biases and make more informed decisions.
- Your Money and Your Brain by Jason Zweig - This book explores the neuroscience behind investing and decision-making. It provides insights into how emotions can affect investment decisions and offers strategies for making more rational choices.
Books for women in investment management
As the famous quote goes “You can’t be what you can’t see.” Reading books by, for and about women is a great way to inspire your own career and learn strategies for overcoming obstacles and achieving success.
- Own It: The Power of Women at Work by Sallie Krawcheck - an inspiring and empowering read for women who are looking to succeed in the male-dominated field of investment management. It provides practical advice on how to overcome obstacles and achieve success.
- Secrets of Six-Figure Women: Surprising Strategies to Up Your Earnings and Change Your Life by Barbara Stanny - is a must-read for women who are looking to break through the glass ceiling and achieve financial success. It provides practical strategies for building wealth and achieving financial independence.
- The Mindset of Success: Accelerate Your Career from Good Manager to Great Leader by Maura O'Neill - a great resource for women who are looking to advance their careers in investment management. It provides practical tips and strategies for developing the mindset and skills needed to succeed as a leader.
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