This is another book that I seriously recommend that you read. The book is called Rule 1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! written by Phil Town.In this book Phil Town goes through the different calculations and math of determining the best investments that meet your strategy and criteria. He expalins things in terms that anyone can understand. He also explains how he’s used the different calculations and what his criteria is that he used. This book is one that every newbie investor must have in their library.
When I first started to invest seriously I knew very little but started to access different article and forums to learn whatever I could. I found very quickly that forums/groups had limited benefits (I deal with this in other past posts and will in future posts), One of the things I did learn was the different books that I should acquire and read.
One of the first books pertaining to investing that I acquired was Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage. This book was co-authored by Warren Buffett’s former daughter-in-law and one of his avid followers.This books breaks down the different financial documents that are used by public companies to explain the current condition of the company. They also explain what conditions and criteria Warren Buffett uses to evaluate these businesses and how he determines which ones he decides to invest in and which ones he doesn’t. This is definitely one that you need in your library.
Another informative video from Learn To Invest.