Which Are The Best Books to Read and Learn About Indian Stock Markets?

11 Oct 2019by Research and Ranking

Which Are The Best Books to Read and Learn About Indian Stock Markets?

"The journey of a lifetime starts with the turning of a page" - Rachel Anders

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 the 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 the 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 a 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 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.

Learn To Earn

Learn To Earn is another masterpiece written by Peter Lynch along with author John Rothchild which explains the basic principles of investing and business in a simple manner, easy enough for anyone to understand irrespective of whether they belong to high-school age or older.

The book explains how investment opportunities are available in plenty for those who are able to identify them. It also talks about the reason why many investors fail to understand the working of the stock market and explains why everyone should pay attention to the stock market. By reading the book, Learn To Earn the reader can learn not only how to invest, but also how to think like an investor.

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 stockbroker 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.

The Essays of Warren Buffett: Lessons for Corporate America

Originally published in the year 1998, this book has undergone several revisions over the year. The latest edition of this masterpiece by Warren Buffett and Lawrence Cunningham was published in the year 2019.

Warren Buffett is well-known for the principle of value-investing and invests in undervalued companies with low leverage, high-profit margins, and the ability to generate cash for shareholders.

In this book, professor Lawrence Cunningham summarizes Warrant Buffett’s brilliant investment techniques from the collection of letters, Warren Buffett wrote to the shareholders of his company over the years.

The Dhandho Investor: The Low-Risk Value Method to High Returns

Dhandho Investor is a powerful book by Mohnish Pabrai, which in a simple manner describes the powerful framework of value investing. Written with the intelligent individual investor in mind, this detailed guide explains the Dhandho capital allocation framework of the business savvy Patel community from India and describes how one can apply those principles for successful investing in the stock market.

The methodology described by author Mohnish Pabrai further expands the pioneering principles of value investing recommended by legendary investors like Warren Buffett, Benjamin Graham, and Charlie Munger.

How to Make Money in Stocks: A Winning System in Good Times Or Bad

Based on a major study of market winners over several years, this book by William J. O'Neil the book reveals detailed and well-documented guidance for anybody who wants to make smart investments – including first-time investors in the stock market. The book also offers strategies for avoiding common mistakes done by most investors.

Beating the Street

Another masterpiece by the immensely successful investment manager Peter Lynch, this book explains in detail about investment strategies adopted by Peter Lynch as well as techniques for picking stocks and mutual funds to create a successful investment portfolio.

Peter Lynch strongly believed that there is absolutely no reason why an individual investor cannot be successful at investment like experts and explains the process to do so in detail in this book.

Here are few other books which are a must-read for investors who which to create wealth by investing.

The Richest Man in Babylon

The book offers timeless financial advice through a collection of parables set in the ancient city of Babylon is centered around three main characters named Kobbi, a musician, Bansir, a chariot builder, and Arkad, the wealthiest person in Babylon. Though Kobbi and Bansir were experts in their respective fields, they lived in poverty whereas Arkad had managed to build a huge fortune.

Despite the fact that this book is almost more than 95 years old, the seven valuable insights for wealth building mentioned in the book are still relevant in today's time. By incorporating them into one's regular life, anyone can become rich with time.

Rich Dad Poor Dad

Originally published in the year 1997, the book Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter explains the importance of financial literacy, financial independence, and wealth-building by investing in assets as well as outlines steps to increase one's overall financial intelligence.

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.

All the authors of these books mentioned above have beaten the many challenges posed by stock markets and emerged successful, not just once but repeatedly. This makes these books a must-read for every serious investor who aspire to replicate their success.

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This article was last updated on 23/02/21

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