The Investment Checklist
Michael Shearn
Emphasizes building strong understanding of the business and the people operating it while building an investment case. Business understanding is broken down into step by step checklist, often requiring a lot of work, but minimizing the assumptions to be made. Ensures one can take a long term view of investments.
Common Stocks and Uncommon Profits
Philip A.Fisher
Wonderful fundamental learning on key aspects of Investment Thinking. Focus on understanding customers, competitors, suppliers of a Business. The Chapter ‘Conservative Investors Sleep Well’ is a treatise on buy and hold growth stocks, without taking much risk.
Expectations Investing
Michael J. Mauboussin And Alfred Rappaport
Excellent treatise on the reverse math – understanding business metrics “implied” in the stock price. The book details a framework for strategic and financial analysis to assess the likelihood of revisions to these implied metrics. The framework helps an investor determine whether a stock is an attractive buy or sell candidate.
The Intelligent Investor
Benjamin Graham
The classic, the original, worthy of being re-read, worthy of being a compulsory textbook for all investors. Much has been written about this masterpiece. The best part is the new thoughts it brings, every time one re-reads it.
Richer, Wiser, Happier
William Green
A peak into the minds of some super-investors of our times. One can learn immensely from their virtues of self-discipline, constructive habits and a strict process-driven approach. Not only is it an inspirational book but there are practical learnings one can imbibe in investing.