Compiled with the help of Lawrence A. Cunningham, this book outlines the attributes displayed by the market’s highest qualities companies. Once again, this is a book built on case studies so if you’re looking for a ‘how to guide’ this isn’t it, but it will help you build a checklist for evaluating high-quality businesses.
Guy Spier’s Education of a Value Investor is well-known in the value community, but I believe it deserves a place on this list because every investor should read it. The book covers Spier’s development as an investor, away from Wall Street, to Switzerland where he can invest without the noise of the rest of the market. At the heart of the tale is Spier’s desire to refine his investment process to something that suits his style — something every investor should aim for.
A large part of value investing is being able to invest against the crowd and hold through thick and thin. Daniel Crosby’s The Laws of Wealth tackles the subject of investing psychology in a simple and informative way, presenting case studies to back up points. Unlike other books on the subject, which can be a struggle to read, this book gets the message across in a straightforward, engaging way