Best book to introduce clueless person to investing (actively)?
I have a parent who is clueless about active investing (stock-picking). Very well-educated otherwise. Trying to figure out which book to have them read first. I felt like The Intelligent Investor is too technical and filled with jargon and boomer stuff which they will be confused by because it discusses 50-year-old conditions. I'm a big fan of The Most Important Thing and a big fan of Marks in general. It seems pretty simple and in my opinion kind of lays everything out without getting too technical. It still discusses very deep concepts. Any other recommendations?
“A Random Walk Down Wall Street” by Malkiel 😂
One up on wall street by Lynch. Nice and simple.
I see you already got acquainted with Howard Marks. Don't know what investment style you are looking for, but I recommend:
Hey toad which books would you recommend for newbies like me who are into private equity/activism-focused investment style
Go study the campaigns: https://www.10xebitda.com/hedge-fund-presentations/
Not sure how much they help, you just read what others read and have to learn through being on a few activist campaigns on the job.
+1 for The Little Book series. Greenblatt's was the first I read, and it explained value investing very well. Bogle's is also very good to understand what indexing really is.
Stay away from anything guru related.Robert kiyosaki- big big scam, read ALL his books as a teen wanting to learn, total SCAM. Nothing I mean nothing in them was useful or helped. I keep his books out in my room and study to remind myself never to be scammed again. I have reported every guru video I've seen. I'm a lot happier not listening to these scammers.Heard intelligent investor was good, never read it, might be a little out dated.Ever considered buying a Financial/ Economic text book,( higher education sort of thing) gotten and read loads during my course and a lot of them are pretty straight forward and easy to read. Don't have to have previous knowledge before reading most of them. (Find introduction level or something that suggests it's the first book in a collection). Anything that needs cleaning up Google it. Haha.Best of luck.
Fair, Rich Dad Poor Dad is a total scam.
Intelligent Investor is basically a textbook on how to value invest. It's not "dated" per say it's more dry and old-fashioned. Still VERY applicable to today's markets and there are some serious parallels being drawn to both the tech bubble in '01 and today, relevant takeaways that exist throughout that book...
Yeah dated probably wrong word to use. I had not realised that it had a revised (updated) version released.
I might pick up a copy and give it a read.
Maybe start with a couple of investopedia articles before giving them a book on active investing.
Long term quality investing: Investing for growth by Terry Smith
Not a good book for the HF forum lol
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