The reading list for new investors

More and more friends asked me on where to start gathering knowledge on money and investing. It must have been at least 9 times now that I curated the same reading list and now I decided to make my life easier and post about it.

So you decided to read about investing

Most of us never got proper education when it comes to money. I've always been taught that speaking about money, wanting more money and doing something about it is considered something dirty. Growing up like that seemed fine to me until I started questioning these beliefs. The truth that came to me later is, that money merely amplifies your personality. It is neither good nor bad. So why not gather knowledge and properly let this knowledge work for you, so that you never get into bad financial situations.

Books to check out

There are countless books on money, and I'm sure there are a lot of good ones out there. I have read and recommend the following:

• Rich Dad Poor Dad: The classic by Robert Kiyosaki. This book is an entry level read and will introduce you to the idea of making money through investments.
• The intelligent investor: Written by Benjamin Graham, this book describes value investing. Benjamin Graham is the definitive mentor of Warren Buffett. This book is not the easiest read, but describes the concepts used by Buffett in great detail.
• The richest man in Babylon: This book by George S. Clason tells the story of a man finding his path to wealth.
• Think and grow rich: Napoleon Hill lays out his lessons on how to plan for wealth.
• And the Weak Suffer what they must: Yanis Varoufakis gives an introduction to financial politics, especially focusing on Europe.
• The Black Swan: Written by Nassim Taleb, the black swan introduces the idea of unforeseen events and the risk of them happening.
• Anti Fragile: Nassim Taleb continues to lay out strategies on how unforeseen events can be used to grow stronger and therefore become anti fragile.
• Economics in one lesson: Henry Hazlit gives you an economic education in a single book. He defends the free market and capitalism and this book has to be taken with a grain of salt.
• Warren Buffett's Ground Rules: Lessons from the partnership letters of the "World's greatest Investor".
• The Little Book of Common Sense Investing: John C. Bogle reveals his key to getting more out of investing into the stock market.
• Principles for Success: Ray Dalio’s Principles, the #1 New York Times bestseller, describes simple rules that lead to successful investing.
• Talking to my daughter: A brief history of capitalism: Yanis Varoufakis gives a very understandable introduction into capitalism and global economics.

Youtube channels

I understand that a lot of you might not be so much into books and prefer to watch educational videos instead. So here I'm going to list a couple of interesting youtube channels on the topic:

• Joseph Carlson: A series on dividend investing - learn and watch Joseph's portfolio grow.
• Financial Education by Jeremy: Good content but at times very "loud".
• Invest with Sven Carlin, Ph.D.: Methodical stock analysis and investment lessons.
• Valuetainment: General content on investment and value generation.
• Mission Money (german): A german channel with lots of interviews from different perspectives.
• Jens Rabe (german): Another german channel with good content.