one of the best ways to improve as an investor is to read great investing books i've personally
read hundreds of investing books over the last two decades and they have helped me tremendously
to improve my investing skills now if you're a fan of my channel the odds are pretty good
that you've read many of these classic investing books yourself such as the intelligent investor,
the little book of common sense investing, rule breakers and rule makers, the psychology of money
etc but rather than talk about those well-known books in this video i wanted to share six
hidden gem investing books that i personally have loved to read and share with everybody
but they don't get as much coverage as some of those more popular books my name is Brian Feroldi
thanks to quartrr for sponsoring this video
if you're new here this channel was created to help the world invest better if that interests
you subscribe to follow along and with that here are six investing books that i think don't get
enough love. Number 1 is warren buffett and the interpretation of financial statements by mary
buffett so this book was written by mary buffett who used to be married to one of warren buffett's
sons they have since separated but when mary was part of the family she got a rare first-hand
education on how warren buffett thinks and invests mary has since used that knowledge
to write several books about warren buffett's investing strategy but this one is one of my
absolute favorites this book not only provides a useful introduction that talks about how warren
buffett picks stocks and the importance of finding stocks with moats but it also goes over all three
of the financial statements line by line and talks about how warren buffett thinks of each number the
last part of the book also provides some very basic information on how to value companies as
well so this book provides a fantastic overview of the basics of accounting and tells you how useful
each number is so this is a book that i personally reference all the time and highly recommend book
number 2 is called 100 baggers by christopher mayer this book is all about 100 braggers which
are stocks that go up 100 times in value in this book christopher gathered a comprehensive
database of companies that returned at least 100 x in value during their life as a public company
which is a life-changing return all you need is one or two of these stocks in your portfolio to
do extremely well as an investor now the book does talk about many of the most well-known 100 baggers
such as berkshire hathaway walmart and altria group but it also covers some more obscure hunter
baggers such as kansas city southern forest labs and even newmarket corporation now the book points
out that there's no magic formula for finding 100 baggers but the book does provide an overview of
some of the essential principles that investors can use to find potential 100 baggers today some
of those principles are a low market cap a high sales growth stock buybacks an economic moat and
an owner operator ceo if you're new to investing and you don't know what each of those means
buy the book and give it a read book number three that i love is investing for growth by terry smith
so this book is a compilation of essays and letter that terry smith wrote between 2010 and
2020 to his funds investors if you're unfamiliar with Terry Smith he's kind of like the modern
day peter lynch but he's from England in his book smith makes the case for buying the best companies
in the world and holding them voraciously i really like Terry Smith's investing style he
basically looks for high quality businesses that generate gobs of cash and know how to reinvest it
in themselves to drive higher and higher rates of return for their shareholders now smith not only
shares what trades the high quality companies that he owned have in common and where to find them
but he also discovers how to uncover imposters which are companies that are masquerading as great
businesses but they're really not he also has some great other tips in there about how most companies
actually destroy value with stock buybacks how etfs are actually more risky than most investors
realize and how esg investors often end up with investments that are not really green or even
ethical smith's wonderful investing philosophy is summed up so well in his seven word phrase buy
good companies don't overpay do nothing so i think this is a great book that every aspiring investor
should read all right that's three books down and there are three more to go but before i get to
that i want to give a shout out to this video's sponsor which is quarter. quarter's mission
is to make every action between companies and investors meaningful porter does so by providing
frictionless access to conference calls investor presentations transcripts and earnings reports
from markets all around the world straight to your pocket for no cost if you're interested in
giving corridor a try for free simply visit the app store of your choice and search for quarter
that's q-u-a-r-t-r thanks quarter for sponsoring the video number four is the emotionally
intelligent investor by Ravee Metha now as you can see this book has a really boring cover but
please don't let that fool you the book is actually filled with practical information
on how investors emotions can cause them to make terrible decisions and the book provides practical
advice on how investors can combat that the book talks a lot about the importance of self-awareness
some of the common weaknesses and biases that we all face as humans and how investors can
work to overcome these flaws in themselves and generate higher returns now what i'm about to
say might actually surprise you but the book also talks about how technical analysis can be useful
now i've personally long been a skeptic on technical analysis and i do not use it personally
but Ravee argues that technical analysis can be useful for reading the current emotions of the
markets and how investors currently feel about a stock so i hadn't thought of technical analysis
that way before and i can see when viewed through that lens how it can have some merit
i'm still not going to use technical analysis in my investing philosophy but it did make me
see that in a different light and i love when books challenge commonly held assumptions that
i have and make me think differently book number five is only the best will do by Peter Seilern so
Peter Seilern is the chairman and controlling shareholder of cylern investment management
this is a fund that was founded more than 30 years ago and has about 1.5 billion in assets
under management today and as the title suggests Seilern's investing style is actually a lot like
terry smith so in this book Seilern evangelizes the idea of only putting your capital in the
highest quality companies that you can find he wants investors to find great companies that can
reliably deliver steady returns and strong growth for many many years and essentially saying ignore
everything else in the market this book is a great companion to terry smith's book and i just found
it to be a wonderfully insightful read alright and book number six is the little book that builds
wealth by Pat Dorsey for those of you that are unfamiliar with pat dorsey he was at morningstar
for many years and this book does a fantastic job about how to find and identify businesses
that have economic moats now an economic moat is something we talk about on this channel
all the time it's a factor that allows a company to generate higher rates of return for
longer periods of time than anyone can believe is possible so dorsey talks about all the different
types of moats how to find them and also what kind of fake moats are out there now one great
thing about pat dorsey is that he has since left morningstar and runs a company called dorsey asset
management that's a concentrated fund that invests pretty heavily in a select group of stocks so pat
dorsey is one of the fund managers that when a new 13f filing comes out i always look through to see
what stocks have entered his portfolio now one other thing i did want to note is these
six books are truly excellent but the number of investing books that are useful out there
is truly monumental i actually made a google sheet that i use to track every great investing book
investing resource podcast reddit farm et cetera that i come across and basically use that to store
all the great links that i find on the internet if you're interested in
getting a free copy of that google sheet i put a link in the description below so just go on and
click that and since this is a video about books i would of course be remiss for not mentioning
my own book about investing which comes out on april 5th 2022. Well i hope you enjoy those six
recommendations they have truly helped me a lot to become a better investor happy investing brian out