The investing section in your bookstore has shelves packed with titles hoping to earn a five-star rating from you, but not all of these are going to be worth your time.
There are thousands and thousands of books written about investments, stocks, Mutual Funds, retirement portfolios, and so on. By the time most of them hit the market, the information in these books has long become irrelevant.
The classic treatise on investments is Ben Graham’s “The Intelligent Investor.” Try to avoid books with titles like “12 Steps to Financial Prosperity,” and “How to become a Zillionaire.”
You can’t just follow a simple formula when you’re planning to spend years investing and navigating the changing markets. You need to learn how to think like a wise investor, how to approach the situations you will see, because the problems you face in the future will be unlike those in the past.
Read biographies of the gurus in the field, such as Warren Buffett and Peter Lynch, and let how they think influence the way you think.
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