As investors, our job is to gather as much information and knowledge as we can. One of the most efficient ways to do that is by reading and absorbing as much as possible from seasoned and experienced experts. Warren Buffett has said that reading is the most important part of his job. We tend to agree, and each try to read at least 80 books/year in order to gather more knowledge and become better investors.
Probably the best aspect of reading is that you get to discover entire lifetimes-worth of work and studies. Many of the authors of the following books have spent decades researching a topic or person—and pour out everything they know into a well-formed, presentable book for you to study and learn from. This is a whole wealth of knowledge and information that you can get access to at such a small cost.
The following list of books will help you in formulating your investment strategy, developing the right investment mentality, and in becoming a wonderful investor. These are the books which have shaped our financial path—we’ve read and re-read them many times—and each of them has played an integral role on our investment journey. In our opinion, these ones are the best of a long list of great books—ones which you will likely continue to refer back to many times as you progress along your investment journey. Don’t be afraid to highlight, take notes, and write in your books. The information and knowledge gathered from them will be well worth your time and money.
- Randy Tudor
The Millionaire Next Door is a story about America’s rich and how they got that way. The book paints a detailed picture of who the rich are. It goes against conventional wisdom—which is that most wealthy people get that way from inheritance, advanced degrees or intelligence. Instead, the authors explain that most often wealth is the result of hard work, diligent savings, and living below your means. The authors reveal the seven common denominators that show up among the wealthy. This book will change the way you perceive what being wealthy really means.
- Kevin Tudor
Without a doubt, this is one of the most important books I’ve read in my lifetime. I first read it in college and it has formed my philosophy about money and my financial goals. I can’t recommend this enough, along with Millionaire Mind by the same author.
- Randy Tudor
This book is written by the author of The Millionaire Next Door but it goes even further. In the book, Thomas Stanley explains what it is that make wealthy people prosper when others might turn away dejected or defeated. Like, The Millionaire Next Door, this book represents a fascinating study of America’s financial elite.