Ten Must-read Books for Beginner Investors 入门投资者必读的十本书

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Investing is a daunting and complex topic, especially for those who are new to the financial field. However, with the right resources and knowledge, anyone can become a successful investor. One of the best ways to acquire this knowledge is through reading. Of course, there are countless investment books available, but for beginners, finding a good starting point can be difficult. 

Therefore, in this article, we will provide you with a guide to the top ten investment books that every novice should read. These books cover the basic principles of investing, including value investing, risk management, and portfolio management. Each book offers a unique perspective and valuable investment insights, making them a must-read for anyone looking to grow their wealth and achieve financial independence. So whether you are a complete beginner or an experienced investor, we will introduce you to the must-read investment books to help you improve your investment skills.

1. "The Essays of Warren Buffett: Lessons for Corporate America" - Author: Warren Buffett and Lawrence Cunningham.

This book contains Warren Buffett's letters to shareholders over the years, which embody his investment philosophy and value investing ideas. Through Buffett's investment approach, readers can learn how to select valuable stocks, analyze a company's competitive advantage, and evaluate the management's ability.

2. "Security Analysis" - Authors: Benjamin Graham and David Dodd.

This is a classic value investing guide that details how to pick potential stocks by analyzing a company's financial statements and operating conditions. The author of this book, Benjamin Graham, is one of the founders of value investing, and his investment philosophy has a great inspirational effect on all value investors.

3. "The Intelligent Investor" - Author: Benjamin Graham.

This book is one of the bibles of value investing, emphasizing that investors need to have enough patience, not blindly follow the trend, look for undervalued good companies, and be responsible for their investment decisions. This book is known as a "must-read" for investors.

4. "Reminiscences of a Stock Operator" - Author: Edwin Lefevre.

This book tells the story of a stock trader who summarizes some stock trading skills and strategies through his own experiences and lessons. This book shows the complexity and uncertainty of the stock market and tells us to remain vigilant in stock trading.

5. "A Random Walk Down Wall Street" - Author: Burton Malkiel.

This book details the theory of a random walk, where the trend of the stock market is random and cannot be predicted. The book proposes some investment strategies and suggestions, explores market bubbles and investor behavioral psychology.

6. "The Art of Stock Picking" - Author: Frederick Lewis.

This book introduces some stock investment skills and strategies, including how to analyze a company's financial statements and operating conditions, how to select valuable stocks, and how to manage investment portfolios. The book also tells some successful investors' stories, which have a great inspirational effect on investors.

7. "How to Trade in Stocks" - Author: Jesse Livermore.

This book is a summary of the experience of the famous investor Jesse Livermore. He summarizes some stock trading skills and strategies through his own trading experience, including how to identify market trends, how to manage positions and risks, and how to control emotions.

8. "Buffettology" - Authors: Mary Buffett and David Clark.

This book introduces Warren Buffett's investment philosophy and the basic principles of value investing, including how to analyze a company's financial statements and competitive advantages, how to evaluate the management team and stock valuation. The book also tells some of Buffett's investment cases and strategies.

9. "The Ultimate Guide to Value Investing" - Author: Jason Van Bergen.

This book details the basic principles and skills of value investing, including how to analyze a company's financial statements and operating conditions, how to evaluate a company's competitive advantage and management team, and how to control risks and build investment portfolios. The book provides many practical investment advice and cases, suitable for novice investors to read.

10. "The Selfish Gene" - Author: Richard Dawkins.

This book is not an investment book but a classic work on evolutionary biology. However, the "selfish gene" theory proposed by the author Richard Dawkins has a great inspirational effect on investors. He believes that the root of human behavior is for self-survival and reproduction, and similarly, investors should invest for their own interests rather than for others' interests. This book can help investors better understand their investment decisions and behaviors.

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