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Successful investors typically reflect two traits: a strong education of their craft and a constant thirst for more knowledge. Therefore, it is no surprise that many investors — and successful individuals in general — are avid readers. Investing is a process that can take years to master, and it can be intimidating to approach if you have never partaken in it before.

Luckily, there are numerous texts that break down the art of investing, from your first investment to the maintenance of standing within the stock market. Here are some of the best texts to add to your investing bookshelf.

 

“The Essays of Warren Buffett: Lessons for Corporate America” (Warren Buffett, 1997)

Often referred to as the “greatest investor of our time,” Warren Buffett stands as arguably the biggest go-to source for investment information. Buffett has written several texts, but his essay collection, “Lessons for Corporate America,” is quite possibly his strongest; it is comprised of Buffett’s letters to his shareholders — a series of interactions that reveal countless lessons and secrets surrounding investment thinking. What better way to strengthen your investing abilities than to look directly into the mind of one of the industry’s most influential figures.

 

“The Millionaire Next Door” (Tom Stanley, 1996)

Unlike some of his contemporaries, Tom Stanley adopts a mostly matter-of-fact, common sense tone in “The Millionaire Next Door,” a “for dummies-” style guide to making smart financial decisions ranging from smart purchases to logical investments. The thesis of the book is simple: do not spend money (unless you absolutely must) — so forgo sports tickets and other unnecessary splurges and you may find yourself living the millionaire life before you know it.  

 

“Competitive Strategy: Techniques for Analyzing Industries and Competitors” (Michael Porter, 1998)

Like Stanley, Michael Porter incorporates simplicity as a major selling point for his own book, “Competitive Strategy: Techniques for Analyzing Industries and Competitors.” Porter mainly focuses his analysis on major industries, tying these observations to his “three generic strategies:” lowest cost, differentiation, and focus.

The book has reached its sixteenth edition in English and has been translated into 19 languages over the years.

 

“One Up on Wall Street” (Peter Lynch, 1989)

Peter Lynch, the managing director of the Fidelity Magellan Fund (“nation’s largest and most profitable stock mutual fund”), is yet another leading mind in the investing world thanks to his vast knowledge and decades of consistent success. In “One Up on Wall Street,” Lynch shares his most crucial secrets pertaining to stock market investing, keeping his insights brief, yet packed with valuable lessons that fledgling investors can return to again and again.