The most cost-effective way for beginners to invest is to read and study, and choose the right investment books, which will save time and gain great gains. After summing up the investment experience that has stood the test of time, it is a good book for ordinary people to learn and invest. Five must-read investment books? Introduction to classics.

1 Walking on Wall Street

Every investor should read Burton McGill's Walking on Wall Street before buying his first stock. The author highly respects the evidential analysis method, and draws many surprising conclusions based on rigorous scientific research. You don't have to be a believer in random walk theory, but the information and logic contained in it are worth learning for every investor.

2 Smart Investor

This is a world-class classic book in the field of investment practice, written by Graham, who is called his investment teacher by Buffett. This book is very suitable for the study of ordinary people's investment methods, simple and plain, and avoids some frequent mistakes. The author thinks that smart investors should have little to do with IQ and academic qualifications, but they are patient, self-controlled and eager to learn. Technical analysis such as K-line is not suitable for ordinary people at all, but interference. It is a more effective method to choose trading points through timing and valuation.

3

Howard, the author of the most important thing in investment, shows the importance of reverse thinking in investment, as well as risk research, how to understand risks, identify risks and effectively control risks, and puts forward that investment should pursue low risks and high returns, and avoiding major losses is the king. Looking at this theory alone, this book is well worth reading.

4

This is a guide to A-share value investment. We need to know the important things, but we can't ignore the simple things. It is a simple and effective way to beat most people in investment. Author Qiu Guolu, once the investment director of southern fund Management Co., Ltd., summed up many years of investment experience, analyzed a series of simple investment principles, such as cheap is the last word and pricing power is the core competitiveness, explained how ordinary people can make simple investments as much as possible, and shared many cases in their investment career.

5

Poor Charlie's Collection

Besides understanding the investment method, we should also understand the investor's way of thinking and life wisdom. Munger's decision-making is based on the pluralistic thinking model he admires, which is a cognitive and analytical network that contains the basic model and knowledge logic of more than one discipline. Accumulating as many diversified thinking models as possible can help us to have more angles and tools to solve problems when analyzing our own reality. How to build, how to accumulate and how to use these are what this book can bring us.