12 must-read books on indian stock market

1. Think and Grow Rich by Napoleon Hill, Bill Hartley, Ann Hartley

"Think and Grow Rich" by Napoleon Hill is a timeless classic that has inspired and motivated millions of readers around the world. First published in 1937, this book offers a step-by-step guide to achieving success in all areas of life, including financial wealth. Hill interviewed over 500 of the most successful people of his time, including Andrew Carnegie, Henry Ford, and Thomas Edison, and distilled their wisdom into 13 principles that anyone can follow to achieve their goals. One of the most famous quotes from the book is, "Whatever the mind can conceive and believe, it can achieve." This simple yet powerful statement encapsulates the core message of "Think and Grow Rich": that our thoughts have a direct impact on our reality. If we believe that we can achieve something, and we take consistent action towards that goal, we will eventually succeed. This book is a must-read for anyone who wants to improve their life and achieve their full potential.

2. The Intelligent Investor by Benjamin Graham

Contributor: Jason Zweig(Contributor), Warren Buffett(Contributor)

The Intelligent Investor by Benjamin Graham is the classic text on value investing, and it has been hailed as the greatest investment book ever written. First published in 1949, the book has been updated and revised over the years, but its core message remains the same: investors should focus on buying stocks that are trading below their intrinsic value. Graham's approach to investing is based on the idea that the stock market is a voting machine in the short term, but a weighing machine in the long term. In other words, stock prices can be volatile in the short term, but over time they will tend to reflect the underlying value of the company. As Graham famously said, "In the short run, the market is a voting machine. But in the long run, it is a weighing machine." The Intelligent Investor is a must-read for any investor who wants to learn how to make sound investment decisions and achieve long-term success.

3. The Richest Man in Babylon by George S. Clason

First published in 1926, The Richest Man in Babylon is a timeless classic that has helped millions of people around the world achieve financial success. The book tells the story of Arkad, a poor scribe who becomes the richest man in Babylon by following the advice of a wealthy moneylender. Arkad learns seven simple but powerful lessons about money, including the importance of saving, investing, and living below your means. These lessons are just as relevant today as they were when the book was first published, and they can help anyone achieve financial freedom. As Arkad says, "The secret of making money is not in earning it. It is in keeping it." The Richest Man in Babylon is a must-read for anyone who wants to learn how to manage their money wisely and achieve their financial goals.

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

Contributor: Andrew Tobias(Foreword)

The Little Book That Still Beats the Market by Joel Greenblatt is a must-read for any investor who wants to learn how to beat the market. Greenblatt's approach to investing is simple and straightforward: buy stocks that are trading below their intrinsic value. He believes that the market is inefficient and that there are always opportunities to find undervalued stocks. Greenblatt's book provides a step-by-step guide to finding and investing in these stocks. He also emphasizes the importance of patience and discipline, and he warns investors against the dangers of following the crowd. As Greenblatt says, "The greatest investment mistake is not making any." The Little Book That Still Beats the Market is a valuable resource for any investor who wants to learn how to achieve long-term success in the stock market.

5. Stocks To Riches by Parag Parikh

In his book Stocks to Riches, Parag Parikh provides a comprehensive guide to investing in the stock market. Parikh, a seasoned broker and expert, draws on his years of experience to demystify the stock market and help investors make money. The book covers a wide range of topics, including the basics of investing, how to choose stocks, and how to manage risk. Parikh also provides insights into the psychology of investing, and he explains why investors often make mistakes. Stocks to Riches is a must-read for anyone who wants to learn how to invest in the stock market and achieve financial success. As Parikh says, "Investing in the stock market is not a get-rich-quick scheme. It is a long-term process that requires patience, discipline, and a sound understanding of the market."

6. Guide To Indian Stock Market by Jitendra Gala

In today's uncertain economic climate, it's more important than ever to invest your money wisely. Jitendra Gala's Guide to Indian Stock Market provides everything you need to know to get started investing in the Indian stock market.

This comprehensive guide covers everything from the basics of investing to more advanced topics like technical analysis and risk management. Gala provides clear and concise explanations of complex concepts, and he uses real-world examples to illustrate his points. Whether you're a complete beginner or an experienced investor, you'll find valuable information in this book. As Gala says, "Investing in the stock market is not a get-rich-quick scheme. It's a long-term process that requires patience, discipline, and a sound understanding of the market." With the help of Gala's Guide to Indian Stock Market, you can learn how to invest your money wisely and achieve your financial goals.

7. Fundamental Analysis for Investors by Raghu Palat

In today's fast-paced world, we often get lost in the complexities of the stock market. We throw ourselves into our work and forget the value of time set aside for a good book. This book is a precious reminder of what truly matters. The book called "Fundamental Analysis for Investors" published in 2016 by Vision Books is an invaluable guide for those who want to make profits in the stock market steadily and consistently. With easy to understand illustrations, charts, and diagrams, the author, Raghu Palat, clearly explains all the analytical tools of economic, industry, and company analysis, including ratios and cash flow.

8. The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai

The Dhandho Investor is a comprehensive value investing framework for the individual investor. In a straightforward and accessible manner, it lays out the powerful framework of value investing. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!" and "Few Bets, Big Bets, Infrequent Bets." Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format, which any investor can adopt to improve results and soundly beat the markets and most professionals.

9. The Psychology of Money by Morgan Housel

Have you ever wondered why some people seem to make wise financial decisions effortlessly, while others struggle despite their best intentions? The Psychology of Money, an award-winning book by Morgan Housel, delves into this intriguing question. Through a series of engaging stories, Housel explores the strange ways people think about money and provides valuable insights into how we can make better financial decisions. The book challenges conventional wisdom and offers practical advice that can help you develop a healthier relationship with money and achieve financial well-being.

10. A Random Walk Down Wall Street by Burton G. Malkiel

Have you ever wondered why, despite all the complex financial models and expert predictions, the stock market often behaves in unpredictable ways? In "A Random Walk Down Wall Street" Burton G. Malkiel takes readers on a journey through the history of investing, demonstrating that the stock market is essentially a random walk. Malkiel challenges the idea that investors can consistently beat the market and argues that the best investment strategy is to adopt a long-term approach and diversify your portfolio. With clear and engaging prose, Malkiel provides valuable insights into the nature of the stock market and offers practical advice for investors of all levels.

11. The Only Investment Guide You'll Ever Need by Andrew Tobias

In the realm of personal finance, "The Only Investment Guide You'll Ever Need" by Andrew Tobias stands as an indispensable resource for navigating the complexities of investing. For over two decades, this comprehensive guide has empowered countless individuals to make informed financial decisions and achieve their financial goals. Tobias's clear and witty writing style makes even the most complex concepts accessible, guiding readers through the intricacies of investing, from budgeting and saving to understanding stocks and bonds. Whether you're a seasoned investor or just starting out, this book provides an invaluable roadmap for successful money management in today's dynamic financial landscape.

12. The Little Book of Value Investing by Christopher H. Browne

Contributor: Roger Lowenstein(Foreword)

"The Little Book of Value Investing" by Christopher H. Browne and Roger Lowenstein is an indispensable guide to the proven wealth-building strategy of value investing. In today's dynamic stock market, this book empowers investors of all levels to identify and capitalize on undervalued stocks, both in India and around the world. Drawing upon time-tested principles, Browne and Lowenstein provide a concise and masterful exploration of value investing, guiding readers through the essential steps of evaluating securities, conducting thorough company analysis, and ignoring market noise. Whether you're a seasoned investor seeking a trusted reference or a beginner eager to build a solid financial foundation, "The Little Book of Value Investing" offers a clear and accessible roadmap to success in the Indian stock market and beyond.