At the age of 10, I was fascinated by the stock market. I can remember tracking big names like Microsoft, and found the idea of owning a share of a real company to be rather exciting. So I did what any 10 year old would do, and asked for some stock for Christmas. I was quite excited to find an envelope from my Grandfather among my gifts that year: a certificate for 5 shares of Procter and Gamble. My grandfather, an active investor, must have been quite amused with my enthusiasm! Among some of my most treasured possessions is a letter he sent me few years later when the management of P&G changed. He explained what a CEO was and why he thought the new guy was going to be a good leader.
Unfortunately, Alzheimer’s and a stroke meant that the grandfatherly advice soon stopped coming. I’ve often wondered since his death what I might have learned from him had he lived longer. I wish there had been more time to pick his brain and learn what he had learned; he certainly did pretty well for himself.
Recently, in my down time, I decided I ought to embark on learning more about the market. I have kept up with it over the years since my Grandfather’s death, and have even done a little investing myself. And, of course, I’ve hung onto those 5 shares of P&G (to which there is an amusing story!). I’ve read articles here and there but I’ve never sat down to read books on investing. Doing so seemed like a good way to remember him. However, the challenge was to find quality books on investing, as there are quite a few get-rich-quick books out there. I don’t place much stock in those (pun intended) and I don’t think my grandfather would have either.
Even chucking the get-rich-quick books still leaves a much larger list than I could tackle. I narrowed it down to a handful of books that seemed to frequently appear in recommendations on other blogs.
So here commences a series of book reviews of what I’ve found so far. I may add more to the list as time goes on, and I may call it good. What I’ve read so far has been quality advice and I feel I have learned a lot from each book:
- The Intelligent Investor, by Benjamin Graham
- A Random Walk Down Wall Street, by Burton Malkiel
- Millionaire Teacher, by Andrew Hallam
- One Up on Wall Street, by Peter Lynch
I have my eye on a few others as well, and I’d love to hear any recommendations you might have. So keep your eyes out for some upcoming book reviews!