There are many sources to learn about the Indian stock markets. However nothing can beat books written by successful investors who have beaten the odds and built huge fortunes from stock markets. It is said that experience is the best teacher and books are considered as the next best.
Let’s take a detailed look at some of the best books to read and learn about the Indian stock markets. Well some of these books may not necessarily relate to the Indian stock markets, but then irrespective of whether it is Indian stock market or the global stock markets the basics of stock market investment remain the same. Just like when you learn to drive a car in India and master it, it is safe to presume that you can skillfully drive a car anywhere in world even if some countries have left-hand drives.
Some of the best books to learn about investing in the Indian stock market are:
The Intelligent Investor
Written by immensely successful investor Benjamin Graham, also known as the father of value investing, ‘The Intelligent Investor’ is must read book for every investor to learn investment strategies to achieve long-term investment goals.
In this book, Benjamin Graham, has explained various principles and strategies for investing safely and successfully without taking bigger risks. The principles of value investing mentioned in this book are effective even today, decades after the first edition of this book was released and is very helpful for any investor who wants to be successful in the Indian stock market.
One Up On Wall Street
Written by the Peter Lynch, a very successful investment manager with an average annual return of 30% on his portfolio for a period of 13 years, the book ‘One Up On Wall Street’ explains how the ordinary investor has several advantages over professional investment managers and how they can use the same for success in investing.
The Little Book that Beats the Market
In this bestseller book ‘The Little Book that Beats the Market’, which has sold over 300,000 copies worldwide, Joel Greenblatt, a successful value investor explains how investors can beat both the market and professional managers by a wide margin by simply using a formula for choosing good businesses when they are available at bargain prices.
Common Stocks And Uncommon Profits
In his book ‘Common Stocks And Uncommon Profits’, Philip Fisher a successful value investor and a pioneer in the world of financial analysis, reveals how investors can analyze the quality of a business and its ability to produce profits to build a winning portfolio.
Stocks To Riches
Written by veteran stock broker and successful investor, Parag Parikh, the book ‘Stocks To Riches’, simplifies the difficult task of understanding and demystifying stock market investing for retail investors. The book also offers rich insights into time-tested and proven guidelines for creating wealth in Indian stock markets.
To summarize, the above books have few things in common. All these books stress the importance of value investing, patience and discipline for wealth creation from Indian stock markets.