Investing Books & Resources
Last updated
Last updated
"Read 500 pages every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it." - Warren Buffett
"In my whole life, I have known no wise people who didn’t read all the time — none, zero." - Charlie Munger
Over the years, I have read several books, letters & research papers from the world’s greatest investors and fund managers. These resources have significantly shaped my investing journey and outlook. Here's the list. I will keep updating it.
Warren Buffett, the chairman and CEO of Berkshire Hathaway, is one of the world's most successful investors. He has achieved an average annual return of 20% since 1965.
Charlie Munger, the vice chairman of Berkshire Hathaway, is known for his unconventional approach to investing and decision-making. He has been Warren Buffett’s closest partner and right-hand man. His investment approach has resulted in an average return of 18% over a multi-decade period.
Rakesh Jhunjhunwala, also known as the “Big Bull of India”, is a renowned Indian investor and trader. He started investing in 1985 with a capital of ₹5,000. Over the years, he achieved an impressive return. His biggest investment TITAN yielded a 53,000% return in 20 years.
John Bogle was an American investor. He was the founder and chief executive of The Vanguard Group and is credited with popularising the index fund. He argued that the winning strategy for novice investors was simple: Invest in traditional index funds and hold them indefinitely.
Benjamin Graham is widely known as the “father of value investing”. He authored two of the discipline’s founding texts: Security Analysis (1934) and The Intelligent Investor (1949). Graham’s investment performance was ~20% annualized return from 1936 to 1956, outperforming the overall market performance for the same period which was 12.2%.
Philip Fisher, an American investor, is considered a pioneer of growth investing. He founded Fisher & Co. in 1931 and introduced investors to the buy-and-hold method of long-term growth investing. He is known for his book “Common Stocks and Uncommon Profits”.
Howard Marks is an American investor and co-founder Oaktree Capital Management. He is known for his “memos to Oaktree clients” which articulate his deep thinking about investing. Marks’ funds have produced long-term returns net of fees of 19% per year.
Peter Lynch is a renowned American investor and former manager of the Magellan Fund at Fidelity. He managed the fund for 13 years, during which he achieved an impressive annualized return of 29.2%.
Joel Greenblatt is a well-known American investor. He is recognized for his “Magic Formula” investing strategy, which emphasizes buying high-quality companies at good prices. Greenblatt founded Gotham Capital, which achieved an annualized return of 50% from 1985 to 1994.
Michael J. Mauboussin is an American investor. He is currently the Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management. He has also been an adjunct professor of finance at Columbia Business School since 1993.
Parag Parikh began his career as a broker on the Bombay Stock Exchange in 1979 and founded Parag Parikh Financial Advisory Services Private Limited in 1992.
Raamdeo Agrawal is a renowned Indian investor, and the Co-founder and Chairman of Motilal Oswal Financial Services Limited (MOFSL). He started his career as a sub-broker on the Bombay Stock Exchange in 1987. Mr Agrawal has compounded his wealth at an annual rate of 28% over the years.
Seth Klarman is a highly respected American investor. He is known for his conservative value investing approach, often described as a “deep-value” or “contrarian” strategy. Despite maintaining a large cash position and managing a huge portfolio, Klarman has achieved an annualized return of approximately 20% over more than three decades.
Margin of Safety [Book]
Terry Smith is a highly successful British investor, and CEO of Fundsmith, an investment firm he founded in 2010. Fundsmith has grown to become the largest investment fund in the UK, returning 15.8% per annum since inception.
Nicholas Sleep is a highly respected British investor. He co-founded Nomad Investment Partnership with Qais Zakaria in 2001, and over the next thirteen years, they generated remarkable returns.
Gautam Baid, a Chartered Financial Analyst, is known for his bestseller ‘The Joys of Compounding’. He has worked in Citigroup, Deutsche Bank, and an SEC-registered investment advisor. He manages Stellar Wealth Partners India Fund.
