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SBL35–5 books to make you a better investor

SBL35–5 books to make you a better investor

Welcome to Sycamore Business Lab (SBL) — Our periodic blog series where we blog about issues affecting you and your business, with emphasis on finance and business.

Famous author Neil Gaiman once said that a book is a dream you hold in your hands. So if your dream is to be a great investor, what do you think is the best way to achieve that? Yes, you guessed right, good books! Here is a very short list of some great books we think will improve your investment and finance knowledge:

1. Think and grow rich

In this timeless classic, Napoleon Hill distils over two decades of research, based on the experience of over 500 millionaires, into 13 principles which should help the reader build wealth over time. No wonder some cite it as one of the top 10 best self-help books of all time. You can download it here from Amazon

2. Rich Dad Poor Dad

This book by Robert Kiyosaki is a household name, which has sold over 30 million copies. Although the book has some strong criticisms, it underscores the importance of financial literacy, investment, and advises a preference for building income-generating assets, over accumulating liabilities. Told from the perspective of two dads (one supposedly rich, and the other poor), the book passes particularly important messages about the behaviours that separate poor people from rich people.

You can download it here from Amazon

3. The Intelligent Investor

Written by Benjamin Graham in 1949, this is regarded by most as the bible of value investing. Value investing is carried out by studying the fundamentals (historical financial statements, industry details, competition, etc) of the security, an investor intends to purchase. The book details 6 key principles of investing that have stayed relevant till this very day. You can download it here from Amazon

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4. The Richest Man in Babylon

This book was written in 1926 by George S. Clason. Despite being short (its less than 200 pages), it’s still a major reference point for sound financial principles. You may be familiar with some of its advice ranging from paying yourself first, the importance of saving, investing in what you know, amongst others. The book utilises parables to teach its concepts, which makes it easy to follow, understand and apply its concept.

You can download it here from Amazon

5. A — Z of Personal Finance

Written by Nimi Akinkugbe in 2015, this is a very practical book on personal finance. Its alphabetical format of addressing separate topics, also makes it an easy read for finding specific topics. It covers a wide array of concepts from mutual funds, marriage, kids, estate planning and even unemployment. Think of this as a dictionary on personal finance.

There you go! Five great books on finance and investment. Have you read any of these? If yes, what were your key takeaways? What other great books have you read on investment? Please share your thoughts with us.

You can download it here from Amazon

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