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Charlie Munger once said, “Being good at investing is a very rare skill, it is not widely distributed, and it never will be.”
For the vast majority of people, investing in the S&P 500 and treasury bonds will outperform any attempt at stock picking. However, if you’re like me, you love playing the game. But if you play the game, you need to do your research, have a principled approach, and act with discipline.
These are some of the books that have helped me to compound my wealth and better understand the financial markets:
1. The Intelligent Investor by Benjamin Graham
This is the bible for effective investing. Before reading this book, I was mystified by stock market strategy. After reading it, I became a principled and informed investor. By reading this book alone, you will know more about how the market moves than 99% of the population. It’s a long read but well worth it.
2. Richer, Wiser, Happier by William Green
The best investors will look for anything that could possibly provide an advantage: meditation, Stoicism, history, cold plunges, Nancy Pelosi, you name it. William Green pulls back the curtain on the daily lives of the world’s greatest investors. If you want to get an idea of…
