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5 Books for Millennials Interested in Investing ¶Ī common denominator that can be found among the world’s wealthiest and most successful persons is that they attribute many of their accomplishments to constantly investing in their knowledge base. When you are done with these books, there are several more to add to your reading list.ġ0.1. The best investors did not emerge overnight but instead honed their skills through years of thought, research and practice. This book conveys valuable insights into the psychology of success and abundance and should be considered a priority read given the current period’s emphasis on shock-value entertainment and negative news. These include desire, faith, specialized knowledge, organized planning, persistence, and the “sixth sense.” Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy. At the suggestion of Andrew Carnegie, Hill published 13 principles for success and personal achievement from his observations and research. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime. “Think and Grow Rich” was written during the Great Depression, and has since sold more than 100 million copies worldwide. “Think and Grow Rich” (1937) by Napoleon Hill He advocates purchasing shares of businesses at times when these stocks are trading at a discount from their inherent value, but he opposes following investing trends. He has a philosophy of bringing in talented managers at portfolio companies and leaving them alone. (BRK-A), informs the shareholders of the company that their mutual interests are aligned. Buffett outlines his basic business principles, and as the steward of Berkshire Hathaway Inc. Young investors can get a glimpse of the interface between a company’s management and its shareholders, as well as the thought processes involved in enhancing a company’s enterprise value.īuffett’s essays include discussions on corporate governance, finance, investing, alternatives to common stock, mergers and acquisitions, accounting and valuation, accounting policy, and tax matters. In his essays, Warren Buffett-widely considered to be modern history’s most successful investor-provides his views on a variety of topics relevant to corporate America and shareholders. “The Essays of Warren Buffett: Lessons for Corporate America” (1997) by Warren Buffett Graham delves into the history of the stock market and informs the reader on conducting fundamental analysis on a stock. Peter Lynch is one of the most successful stock market investors and hedge fund managers of the past century. Warren Buffett provides his views on a variety of topics relevant to corporate America and shareholders. Kiyosaki advocates investments that produce periodic cash flow for the investor while providing upside in terms of equity value. Kiyosaki also highlights the importance of tax planning. The author advises that America’s educational system is designed to keep people working hard for the rest of their lives and that the school system does a poor job of teaching people to create enough wealth so they won’t have to work anymore. Real estate investments and stocks that provide dividends are viewed favorably. Real assets add cash flow to your wallet. Banks label a house as an asset for the individual, but because of the required payments to keep it, it can be a liability in terms of cash flow. The author points out that while accounting is important to learn, it can also be misleading. He stresses the importance of financial literacy and presents financial independence as the ultimate goal to avoid the rat race of corporate America. Kiyosaki’s view is that the poor and middle class work for money, but the rich work to learn. This classic is a must-read for young investors. “Rich Dad Poor Dad” (1997) by Robert Kiyosaki