Top 10 Books You Must Read Before Investing in the Indian Stock Market

Spare8 recommends 10 must-reads before you enter your savings into the stock market of India.

1. One Up on the Wall Street by John Rothchild and Peter Lynch

This is the quintessential read before deciding to invest in the stock market. It helps novice investors understand complex concepts through simple language. It has been tailored to be an aid in differentiating ‘long shots’ and ‘no shots’. As the book urges its readers to look further into the company’s financials, they are taught about the basics of investment.

2. Common Stocks and Uncommon Profits by Philip Fisher

The book highlights important investment theories that are applied and studied in the real world. The author, Philip Fisher is famous for being an avid and successful investor. Fisher pushes his readers to conduct their due diligence before investing in a stock. Learning from the experienced along with coined theories, proves to be an integral manner of understanding how to invest.

3. The Intelligent Investor by Benjamin Graham

Although this book was published in 1949, its relevance still remains. Warren Buffet, a mentee of Graham, has deemed this book to be the best ever written. Graham curated his own learnings from Wall Street to create principles of investment. The book ensures that the newcomer is trusted with crucial investment points to be intuitive, alert and perceptive.

4. Stocks to Riches by Parag Parikh

Written by an Indian author, the book encompasses the rich decades of experiences of Parikh. He recognizes the daunting risk involved in investments and therefore, simplifies the process through his book. Stocks to Riches involves a breakdown of comprehending investments, science of behavioural finance, mental accounting and mental heuristics. This is a must-read for Indians to relate and learn from.

5. How to Avoid Loss and Earn Consistency in the Stock Market by Prasenjit Paul

The book believes that the secret to correct investments is strong businesses. Paul utilizes easy language following the ‘dummies’ style of writing to allow anybody, irrespective of their age or education to understand investments. It focuses on the dos and don’ts of investing in the stock market with the application of Paul’s strategies. Lastly, the Indian stock market scenario is explained clearly and well.

6. Investonomy: The Stock Market Guide that Makes You Rich by Pranjal Kamra

Investonomy introduces investment theories and aims to debunk myths and misconceptions about the stock market. It appeals to apprentice investors who are fueled by their inspiration of billionaire investors. The book could be looked at as a guide to earn profits in the stock market by Kamra’s reiteration of faith in the stock market. Kamra uses graphs and figures for serious and potential investors to gain a grasp on the concepts.

7. Bulls, Bears and Other Beasts by Santosh Nair

The book takes its readers through the adventurous Dalal Street, offering a brief historical account of the Indian stock market. The examples ranging from tax evasions to tech boosts, allow a wholesome view of the market. Furthermore, readers are educated on government policies that must be harnessed. Nair is now the editor of the popular investment platform, Moneycontrol, adding to his credentials of the stock market. This would definitely be a must-read for Indian investors.

8. The Warren Buffett Way by Robert G. Hagstrom

Warren Buffett can be termed as the God of investment. Whether you’re Indian or any other nationality, you would immediately look up to Buffett when it comes to the stock market and investments. Hagstrom capitalizes on this idealization and provides effective solutions to investing. To become a great investor, we must learn from the best. Hence, Hagstrom invites us to learn from the best, Warren Buffett.

9. The Little Book That Still Beats the Market by Joel Greenblatt

This book moves beyond setting principles of investment and generates a “magic formula”. Through this formula, investments can be made at good companies with bargain prices automatically. The uniqueness of the book is the use of 6th grade mathematics, humour and simple language to understand a revolution in the stock market. A newbie in the stock market must become privy to the perennial formula.

10. Investing in India by Rahul Saraogi

This book offers an intrinsic understanding of the investment climate in India. Saraogi expands on the complex nature of India’s rapid economic growth and democracy complemented by passionate press. Moreover, he offers insights amidst the chaos of the stock market. This book is fabricated within the Indian context and explores the political, social and economic aspects of investment. By creating an effective framework of investing in India, it can be classified as a must-read.