Top 5 books for every investor should read
By siliconindia   |   Thursday, 11 August 2011, 23:17 IST
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Bangalore: Most of the investors have an unquenchable thirst for knowledge on investing. Along with investing early in life, it is also important to invest wisely. Though reading investment books is no substitute for investment experience, but can supplement it. With thousands of well-written books on stocks and finance lining the shelves check which are the five books an investor must read are. Listed below are the top reading materials for young investors that would provide a complete insight into finance: Rich Dad, Poor Dad
Published in the year 2000 by Robert Kiyosaki, this classic is a must read for young investors. Rich Dad, Poor Dad revolves around three main characters the poor dad, rich dad (Kiyosaki's second father) and the son (the author himself as narrator of the book). The essence of each character is, Poor dad who is educated but lacking the street smarts. The rich dad has very little education (eighth grade), tons of street smarts and Kiyosaki is the spectator who learns lessons from both but internalizes only rich dad's traits. The books theme reduces to two fundamental concepts: a can-do attitude and fearless entrepreneurship. The author presents six major lessons which he discusses throughout the book, they are "the rich don't work for money", "the importance of financial literacy", "Minding Your own business", "Taxes and corporations", "The rich invent money", "The need to work to learn and not to work for money." The first book in the "Rich Dad, Poor Dad" series has been on The New York Times Best Seller List for five years, and has sold more than 11 million copies. The newer edition has sold more than 2 million copies since May 2000 in the United States alone; it's also been translated into other languages and has probably sold five times that amount worldwide.

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