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Esther.Dumbiri

‘Must Read’ Books For Every Investor (continued)

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4. "The Richest Man in Babylon" (2004) by George Clayson

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The Richest Man in Babylon is a collection of parables about money. These are the type of fairy tales one could imagine Warren Buffet would tell small children about his road to wealth.

The book may be overly simplistic for the taste of those already well acquainted with the principles of personal finance. For the majority of readers, however, the parables provide a new perspective on financial decisions, and will help instil good financial habits as purely common sense.

 

5 "Think and Grow Rich" (1937) by Napoleon Hill

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Think and Grow Rich was written during the Great Depression. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime and published 13 principles for success and personal achievement from his observations and research.

These include desire, faith, specialized knowledge, organized planning, persistence and the "sixth sense." Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy. This book conveys valuable insights into the psychology of success and abundance.

 

6 "The Essays of Warren Buffett: Lessons for Corporate America" (2001) by Warren Buffett and Lawrence Cunningham

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In his essays, Warren Buffett—widely considered to be modern history's most successful investor—provides his views on a variety of topics important to corporate America and shareholders.

Buffett's essays include discussions on corporate governance, finance, investing, alternatives to common stock, mergers and acquisitions, accounting and valuation, accounting policy, and tax matters.

Although Buffett seldom comments on his current holdings, he loves to discuss the principles behind his investments. The book is the definitive work summarizing the techniques of the world's greatest investor.

 

7. "Dangote's 10 Commandments on Money" (2011) by Peter Anosike

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A motivational book designed to build the entrepreneurial spirit in the youths, Dangote's 10 Commandments on Money is a fitting tribute to one of the most remarkable businessmen of this generation.

The book analyses the strategies which Dangote has used to achieve what some other persons might have considered unimaginable.

It is a motivational book that seeks to build the entrepreneurial spirit in youths and a fitting tribute to one of the most successful businessmen of this generation. Through the strategies and principles described as “ten commandments”, you will learn how to make, manage and multiply money from one of the world’s richest.

The amazing thing is that Dangote built his business empire from the scratch, starting out as a small scale trader to eventually build an emergent global conglomerate, becoming, in the process, one of the world's richest men. Just how was he able to do this? That is the interesting question which Peter Asike tries to answer in this book.

If you’re thinking wealth creation or shopping for an ideal gift for a younger one you care about, this could make a great gift.

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