Books to Help You Overcome Fear in a Mixed Market
Are you feeling fear in the current mixed stockmarket conditions? When checking the overall stock market conditions these days the prices a down, then up again and the instability leads to an increase in fear and questions on social media. For value investors this is the ideal environment because we are "buying the dip". In my network of value investors, we are excited to buy our favorite businesses when they go one sale. I’m incredibly grateful to have found value investing because I used to be very anxious and stressed during a period like this. These days I invest in great companies on sale. I feel calm and even excited when the market is down so I can buy some quality stocks at a discount.
In this mixed market, these are great books for you if you would like to learn how to not feel fearful in a declining stock market. The learnings from these books will give you a foundation for understanding how to invest with certainty and confidence. Please note that though you can listen to these as audio books, I recommend the hard copy or digital book because of visuals and because they're great for looking up info.
Phil Town: Rule #1
Mary Buffett: Buffettology
When Mary Buffett was married to Warren Buffett’s youngest son, she would sit at the dinner table and soak up all the wisdom that Buffett shared about investing. In this book Mary Buffett shares proven techniques for investing successfully in changing markets. A great read for a new investor and it will give you insights you need in these market conditions.
More about "Buffettology"
Tip: There’s also a Buffettology Workbook, so you can practice what you’ve learnt.
Philip A. Fisher: Common Stocks and Uncommon Profits
This book is likely not the first book you should read as a new investor, but definitely a book to dive into once you’ve read Rule #1 or Buffettology. Once you have the foundation from beginner books you'll immediately understand the concepts in this book. It’s very easy to read and understand and it comes with a recommendation from “The Oracle of Omaha”, Warren Buffett. He called this a "very, very good book" and I agree.
Daniel Pecaut: University of Berkshire Hathaway
This book gives an overview of the content in all Warren Buffett’s annual meetings and annual letters since the early 1980’s. If you’re new to investing I recommend that you read Buffettology or Rule #1 or other beginner books first and then add this to your library for more context about investing in any market condition including the current stock market. It's not because the book is difficult to read, it's simply because it will add context to what you already know.
More about University of Berkshire
Benjamin Graham: The Intelligent Investor
More about The Intelligent Investor
I hope that you found these book recommendations valuable and that the books can help you gain insights into investing for the long term and buy wonderful business at a sale. Before you leave I wanted to give you a special offer for my next Investing Workshop - click here to read more.
For disclosure: The links contain affiliate links to Amazon, and they will pay me a commission from every sale.
Like more book recommendations? I've written other articles that might interest you:
- Eight Excellent Books for a New Investor
- Warren Buffett Recommends these Books Right Now
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