The 5 best books on value investing

Investing takes quite a while to master. If you’re a new investor, it can be a bit overwhelming with all the literature and courses around, to see which ones to spend your time on.

What are the best books on value investing?

Here are a list of books that are considered the best in the field of value investing to help you learn the ropes of investing.

1. The Intelligent Investor

The Intelligent Investor by Benjamin Graham is an evergreen book to learn investing and is considered one of the best books on value investing. Graham, who is considered the father of value investing, was a mentor to Warren Buffett, who is a great investor himself. The Intelligent Investor, published in 1949, is a book on value investing, which teaches investors to invest for the long haul and develop long term strategies. It teaches investors to pay attention to the fundamentals of a company instead of to the fluctuations of the market, which is prone to change on a daily basis.

2. Margin of Safety

Margin of Safety was written by Seth Klarman, a billionaire hedge fund manager of Baupost Group. When Klarman wrote the book in 1991, only 5000 copies were published and the book went out of print. This is a great book that makes it to the list of the best books on value investing, which advises retail investors not to gamble in the market but have a long term strategy.

3. Security Analysis

This book by Benjamin Graham and David L. Dodd is another gem in the world of the best books on value investing. It explains the philosophy and methods of Graham and Dodd in value investing. Security Analysis was first published in 1934 and has truly stood the test of time.

4. Berkshire Hathaway Letters to Shareholders

If you want direct access to the wisdom of Warren Buffett, also known as the Oracle of Omaha, his annual letters to shareholders starting from 1965 are a great way to get acquainted with his way of thinking as a business leader. These letters have been published as a book and it is it one of the best books on value investing.

5. Common Stocks and Uncommon Profits

This book by Philip Fisher was published in 1958 and has a qualitative aspect to value investing. Phil Fisher is regarded as one of the thoughtful investment professionals and is widely respected and admired for his investment philosophies.