8 Books To Become Smarter And Wealthier

1. The Millionaire Next Door 2. The Richest Man In Babylon

📚 Since I started investing, I have read more than 500 investing books.

In this thread you can find 10 books that will change your investment career forever.

⬇️⬇️⬇️⬇️⬇️ 1. The Joys of Compounding (@Gautam__Baid)

So much wisdom on every single page. Gautam teaches you about the passionate pursuit of lifelong learning. Compounding takes places in every aspect of your life: positive thoughts, good health, good habits, wealth, and so on.

Do you know what WACC means?

It stands for Weighted Average Cost of Capital.

It's crucial that you master this important metric in Finance 👇 1. Capital Structure:

Profit is important

But survival depends on liquidity

Here’s a simple breakdown of 5 key liquidity ratios every investor should know 1. Current Ratio

10 Books recommended by 10 Billionaies

• Elon Musk
• Bill Gates
• Warren Buffett
• Jack Dorsey
• Satya Nadella
• Sam Altman
• Jeff Bezos
• Mark Zuckerberg
• Peter Thiel
• Sherlyl Sandberg

Let's dive in: 1. Elon Musk

Zero to One by Peter Thiel

"Peter Thiel has built multiple breakthrough companies and Zero to One shows how."

Most investors know P/E

But what about the other 49 ratios that matter?

Here are 50 must-know investing ratios, and how to use it 1. Valuation ratios

🧵 25 Things I wish I knew about investing 20 years ago.

Lesson 1: Invest for the long term.

In the short run, stock returns can be very volatile, but they are very robust in the long run. Over time, stocks always perform better than bonds. Lesson 2: On average, you double your money in the stock market every 10 years.

The real return on equities (after inflation) has averaged 6.8% per year over the past 204 years.

Warren Buffett isn’t just the best investor in the world—he’s in a league of his own.

Imagine investing $10,000 in Berkshire Hathaway back in 1965…

Today, that would be worth over $2 billion (!)

Here are 100 of his most powerful investing quotes: 1.

Some of the best investors in the world

- Warren Buffett
- Charlie Munger
- Ray Dalio
- David Einhorn
- Peter Thiel
- John Bogle
- Seth Klarman
- Howard Marks
- George Soros
- Paul Samuelson

One lesson from each: "The stock market is designed to transfer money from the Active to the Patient."

- Warren Buffett

My all-time favorite investing book?

It might be One Up on Wall Street. It's full of investment wisdom.

Here are the 10 most valuable lessons from this classic: 1. Stay within your circle of competence

Only invest in what you understand

Warren Buffett once said

"Our favorite holding period is forever"

Here are 10 stocks to own for the next 50 years. 10. Zoetis ($ZTS)

Animal health company specializing in veterinary medicines and vaccines.

Relevance in 50 years: Rising pet ownership drives continuous demand for animal healthcare.

American Hedge Fund billionaire Bill Ackman is a learning machine.

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: 1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run."

Those who keep learning keep rising in life.

Here are 27 book recommendations by Warren Buffett from

1. Shoe Dog — Phil Knight

Buffett: “The best book I read last year. Phil is a gifted storyteller.” kevinrooke.com 2. Poor Charlie’s Almanack — Charlie Munger

Buffett: “This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.”

The 25 best quotes of Charlie Munger

1. Investing is where you find a few great companies and then sit on your ass.

2. The big money is not in buying or selling, but in the waiting. 3. Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari's - I wanted the independence. I desperately wanted it.

4. We have a passion for keeping things simple.

15 Books That Turn Ordinary Investors Into Professionals:

1. One Up on Wall Street – Peter Lynch

Peter Lynch turned $18 million into $14 billion by keeping it simple.

He believed the best investment ideas start in your daily life: the stores you shop at, the brands you love. 2. The Intelligent Investor – Benjamin Graham

This book is the foundation of everything.

This is where Warren Buffett learned about “Mr. Market” and the difference between price and value.

It teaches you how to invest rationally when everyone else is losing their mind.

You’re not as rational as you think.

Smart people make dumb decisions all the time.

Charlie Munger explained why, and how to fix it.

Here's a thread on The Psychology of Human Misjudgement: Charlie Munger spent decades studying why smart people make bad decisions.

He identified 24 standard causes of human misjudgement.

Let’s break down the most important ones:

MEGA COMPILATION

30 Visuals EVERY investor should know

1. How to read an annual report 2. How to analyze stocks

You’re not as rational as you think

Smart people make dumb decisions all the time

Charlie Munger explained why, and how to fix it

Here's a thread on The Psychology of Human Misjudgement: Charlie Munger spent decades studying why smart people make bad decisions.

He identified 24 standard causes of human misjudgement.

Let’s break down the most important ones:

Charlie Munger once said:

"Smart men go broke three ways - liquor, ladies and leverage."

Let's teach you everything you should know about the latter: 1. What is leverage?

Greg Abel is the new CEO of Berkshire Hathaway

Here's what you need to know about him: 1. Buffett’s Successor

Macroeconomics is the study of the economy as a whole.

It helps you understand the bigger picture of money.

Here are 15 core principles of macroeconomics: 1. Gross domestic product (GDP)

GDP measures the total value of goods and services a country produces.

It shows the size and health of an economy.