Here are some of the best books for gaining knowledge about the share market, categorized by focus area and skill level:
For Beginners
- “The Intelligent Investor” by Benjamin Graham
- Considered the bible of value investing, this book teaches long-term strategies and the concept of “margin of safety.” Warren Buffett credits it as foundational to his success.
- Best for: Fundamental analysis and conservative investing.
- “A Beginner’s Guide to the Stock Market” by Matthew R. Kratter
- Covers basics like opening a brokerage account, buying your first stock, and avoiding common mistakes.
- Best for: Absolute beginners.
- “The Little Book of Common Sense Investing” by John C. Bogle
- Advocates for low-cost index fund investing and explains why most active traders fail to beat the market.
- “The Psychology of Money” by Morgan Housel
- Explores behavioral finance through 19 short stories, emphasizing how emotions influence financial decisions.
For Intermediate/Advanced Traders
5. “One Up on Wall Street” by Peter Lynch
Teaches how to identify winning stocks (“tenbaggers”) by observing everyday products and services.
6. “Technical Analysis of the Financial Markets” by John Murphy
- A comprehensive guide to chart patterns, trends, and technical indicators.
7. “Market Wizards” by Jack D. Schwager
“Market Wizards” by Jack D. Schwager
Interviews with top traders like Paul Tudor Jones, revealing their strategies and mindsets.
8. “The Black Swan” by Nassim Taleb
- Discusses unpredictable market events and risk management.
For Specific Strategies
- “How to Make Money in Stocks” by William O’Neil
- Introduces the CAN SLIM system for growth investing.
- “Reminiscences of a Stock Operator” by Edwin Lefèvr
- A fictionalized account of Jesse Livermore’s trading career, offering timeless lessons on speculation.
Additional Recommendations
For Indian Markets: “Stocks to Riches” by Parag Parikh or “Coffee Can Investing” by Saurabh Mukherjea.
- For Technical Analysis: “Japanese Candlestick Charting Techniques” by Steve Nison 6.