Five Recommended Stock Books for Investors in 2025-2026

Books about stocks are essential tools that help investors gain a deeper understanding of the stock market. Choosing the right investment books based on your knowledge level and investment goals is an important first step. This article will present five carefully selected books for investors at each level to study appropriately.

Learn the Basics with Stock Books for Beginners

Cultivating Stocks Yields Sustainable Results - Building a Strong Foundation

For those starting to invest in stocks, studying fundamentals (★★★★★) from this book is a good starting point. The content is written in simple language that is easy to follow without prior financial knowledge. Author Kavi Chukijkasem, a leading Thai analyst and Deputy Managing Director of Krisubank Securities, presents the value investing approach, focusing on investing in companies with strong fundamentals.

This book teaches novice investors to understand business from a shareholder’s perspective, with examples from Thai stocks, making it easier to grasp the Thai market context.

Breakthrough - A Stock Book for Understanding Strategies

Dr. Nivesh Meewachirawirak (★★★★★), a pioneer of value investing in Thailand, wrote this book with a storytelling style for readers. Its special feature is presenting investment strategies during crises, highlighting that every financial crisis often hides opportunities.

This book is suitable for those who want to learn while understanding the historical context of the stock market and see reading as gaining real-world experience.

Advanced Investment Techniques from Foreign Books

The Intelligent Investor - A Classic Investment Course

This book (★★★★), written by Benjamin Graham, is considered a classic textbook on value investing worldwide. Graham achieved an average return of 20% annually between 1936-1956, while the general market grew only 12.2%.

The book categorizes investors into two groups: defensive (low risk, steady returns) and aggressive (willing to analyze for higher returns). The challenge of this book is its somewhat difficult language, making it suitable for those with an existing investment background.

One Up on Wall Street - The Art of Finding Fast-Growing Stocks

This book (★★★★), written by Peter Lynch, who managed the famous Magellan Fund, grew its assets from $18 million to $14 billion in 13 years. Lynch’s unique method involves finding “Tenbagger” stocks—stocks with the potential to return ten times the investment.

The book classifies stocks into six types: slow growers, stalwarts, fast growers, cyclicals, turnaround stocks, and asset plays. Its content is easy to understand and not overly technical, suitable for experienced investors.

The Science of Buffett - Secrets of the Wealthiest Investor

Author (★★★★★) Mary Buffett (Warren Buffett’s former daughter-in-law) and David Clark reveal Buffett’s investment methods never before disclosed publicly. The book is divided into qualitative valuation and quantitative analysis using the DCF (Discounted Cash Flow) method.

It discusses companies Buffett has invested in and how he manages investments for maximum benefit. Suitable for experienced investors seeking to understand global investment strategies.

How to Choose the Right Stock Books

Why Read Stock Books?

Well-prepared investors tend to succeed more. Reading stock books helps you learn from others’ mistakes and avoid them. The more you study, the more knowledge and confidence you gain in decision-making.

However, not reading books doesn’t mean you can’t invest; you might consider alternatives like investing in mutual funds, where fund managers analyze investments for you.

Select Books According to Your Level

Beginners should choose books written by Thai authors, as their explanations and examples are more aligned with the Thai stock market. Using examples from Thai stocks makes understanding easier than translating foreign books, which may lose contextual relevance.

As you gain more experience, gradually study foreign stock books to learn different investment approaches.

Investment Path After Reading Books

Steps to Start After Studying

After reading stock books, beginners should progress from simple to complex steps. First, understand the basics thoroughly, then try investing with small amounts or using virtual trading platforms.

Begin by investing in domestic stock indices, which carry lower risk than individual stocks. Study the market continuously, and once confident, explore international stocks.

Beating the Market with Discipline

From studying these five books, three key factors help investors outperform the market long-term:

Timing the Market: Buying low and selling high. This skill applies to both long-term and short-term investing.

Choosing Quality Assets: Assets should have a tendency to appreciate over the long term. Wrong choices can lead to negative returns even with long-term investment.

Proper Diversification (Asset Allocation): Spreading investments across bonds, stocks, real estate, and cash according to your plan reduces risk and ensures steady portfolio growth.

Recommended Learning Path

Start with the book “Cultivating Stocks Yields Sustainable Results” to build a foundation. Then study “Breakthrough” to understand Thai investment strategies. Next, explore foreign books to learn different methods, as each has a unique investment style. Studying various approaches helps you discover your own investment style faster.

Each stock book has its value, but studying all five provides enough knowledge to confidently enter the stock market and reduce the risk of poor decisions. This underscores the importance of studying stock books thoroughly before actual investing.