In my quest to understand the financial markets and receive valuable insights I turn to books. Understanding the markets is very nuanced and complex but literature helps to bridge this gap and make the markets more accessible. Thus, the books I recommend have helped me considerably in trying to grasp this complicated world.
In order to evaluate a company to be a viable value investor, we have to look holistically at a company. Understanding the difference between successful companies and bankrupt ones requires an understanding of how they were created. This link between company creation and success give corporate biographies incredible value.
Made in America, by Sam Walton gives invaluable insight into identifying qualities that make a company successful. The book is not only humorous but a solid piece of financial literature. Made in America will highlight qualities an adept investor should look for in evaluating a prospective company. While the book centers around Walmart the lessons it shares transcend far beyond the realm of retail.
I highly recommend this book as a present or a quick read during the holidays. If you read this book or have read it, please leave your comments below.