- The US stock market has experienced a roller coaster ride in 2020.
- In just a few months, stocks went from a bull market to a bear market and back again.
- Here are 10 books that can help investors navigate turbulent markets.
- Learn more about Business Insider.
If investors have learned anything from the first months of 2020, it’s that everything can change in the blink of an eye.
The S&P 500 Index hit an all-time high in February before falling into the fastest-ever bear market, ending the longest expansion on record as the coronavirus pandemic headed for the United States . Shares have since peaked, bottomed in March, and rebounded into a technical bull market, all within a matter of weeks.
While volatility appears to have eased, the markets are unlikely to be off the hook. The impact of the coronavirus pandemic will continue to show up in U.S. economic data and will have a larger impact on second quarter earnings later in the year.
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Additionally, there is still a lot of uncertainty surrounding the coronavirus pandemic that could impact market movements for the foreseeable future. This can make the current environment difficult for any investor, from seasoned professionals to newbie portfolios.
For investors looking for wisdom on how to navigate turbulent markets in uncertain times, here is a list of the top 10 books to read:
1. “The Essays of Warren Buffett: Lessons for Corporate America” by Warren Buffett, edited by Lawrence A. Cunningham
Warren Buffett is 89 years old (he will be 90 in August) and has been running Berkshire Hathaway for decades. This book is a curated collection of his annual letters to the shareholders of Berkshire Hathaway, which contain investment advice and more.
2. “The smart investor” by Benjamin Graham
This is a classic investing book, originally published in 1949. It deals with investing in value – a favorite of Warren Buffett – that Graham began teaching at Columbia Business School in 1928. It has been revised several times over the years, and the editions now include commentaries from Buffett and The Wall Street Journal columnist Jason Zweig.
3. “The Little Book of Sense Investing” by John C. Bogle
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John C. Bogle was the creator of the index fund and founder of the Vanguard Group. This book explains to readers how to use index funds to build their wealth.
4. “One Up on Wall Street: How to Use What You Already Know to Make Money in the Market” by Peter Lynch
5. “A woman’s guide to a successful investment” by Nancy Tengler
Nancy Tengler’s book contains wisdom for investors of all genders. Tengler, now Chief Investment Officer at Laffer Tengler Investments, has decades of experience in fund management.
6. “Common Actions and Unusual Profits” by Philip Fisher
This is another classic investing book that has been praised by none other than Warren Buffett. Philip Fisher was a long-time investor and pioneer of growth investing, a strategy that focuses on buying stocks in young companies that are supposed to generate earnings growth above their industry or market as defined. large.
7. “Poor Charlie’s Almanack” edited by Peter Kaufman
Charlie Munger is another famous investor and the right hand man of Warren Buffett. Munger has been vice chairman of Berkshire Hathaway for decades.
This book is partly a biography, partly Munger’s investment advice. It also includes the wisdom of the discussions Munger has given about investing over the years.
8. “The Investment Answer” by Daniel C. Goldie and Gordon S. Murray
This book written by a Wall Street veteran (Murray) and financial advisor (Goldie) details five key decisions every investor must make. These decisions include whether to invest with a professional or go it alone, how to allocate assets among the different classes, and when to buy and sell.
9. “A Random Walk on Wall Street: The Proven Strategy for Successful Investing” by Burton Malkiel
This book by Burton Malkiel has become a must-have guide for people starting out in their portfolios – the book’s central premise is that low-cost index funds will serve individual investors better than any other stock selection strategy.
10. “Reminiscences of a stockist” by Edwin Lefèvre
This book is a fictionalized biography of Jesse Livermore, a legendary trader who won and lost millions playing the stock market in the 1900s.
Between the anecdotes about Livermore’s life are timeless lessons about investing in the market. In 2013, King of Bonds Jeff Gundlach named this all-time favorite investing book.