2025 is a good year for studying. 5 valuable stock books - Basic guidelines for beginner investors

Before entering the stock market, beginners should carry knowledge from good stock books because the market is not easy, and preparation is the difference between those who succeed and those who lose money. Today, we summarize investment books worth reading for 2025 that will help novice investors understand market mechanics and techniques for selecting stocks with profit potential.

Investment Library: 5 Must-Have Books

1. Cultivating Stocks for Sustainable Results - Foundations of Authentic Thai Investment

The best starting point for those new to the stock market is the book by Khun Kawi Chukij Kasem, a pioneer of Value Investing in Thailand. The content is written in plain Thai language, straightforward and easy to understand within a single volume.

Why read this: This book explains the thinking of a Value Investor from basics, discussing company competitiveness, gross profit margins, and key figures like P/E and P/BV. All examples are Thai stocks, making it accessible to everyone.

Who it’s suitable for: New investors, those just stepping into the stock market, and anyone wanting to build a solid foundation before diving deeper.

Khun Kawi is recognized as a leading analyst, awarded as an outstanding strategist, and this book has been reprinted 12 times, showing Thai investors trust it. This stock book is a “first gun” with proven effectiveness.

Pros: Easy to read, includes Thai examples, very understandable. Cons: Covers basic level, may require further study for more depth.

2. The Intelligent Investor - An International Deep Dive into Value Investing

Foreigners call Benjamin Graham’s book the “Investment Bible.” Published in 1949, Warren Buffett himself (has praised it as “the best investment book.”

Why read this: Graham divides investors into two types—defensive )low risk( and enterprising )spend more time analyzing(. Different strategies apply to each. Graham achieved an average return of 20% annually from 1936-1956, compared to the market’s 12.2%.

Who it’s suitable for: Those with some stock knowledge and patience to read, as the content is intensive.

Who is Graham: The creator of true Value Investing principles, influencing many generations, including Buffett.

Pros: Sets the standard for traditional Value Investing, with clear principles. Cons: Difficult translation, some sentences are hard to understand, best for those with a solid foundation.

) 3. Breaking Through: Investment Strategies During Crises - “Stock Books” That Make Thai Millionaires

Dr. Nivesh Meewachirawatrakorn, Thailand’s first Value Investing pioneer, wrote this in 1999. Now, it has become a new-generation investment manual.

Why read this: Dr. Nivesh writes like a coach, telling stories rather than giving abstract theories. Each chapter is well-structured, with real experiences woven in. Investors can understand where opportunities hide when crises hit.

Who it’s suitable for: All beginner stock investors. The first edition is valuable and can change minds to enter the market.

Dr. Nivesh has authored over 17 stock books, but this one is recognized as the top, a foundational piece for new investors.

Pros: Easy Thai language, relatable Thai stock examples. Cons: Basic content, not very deep; suitable for understanding the big picture only.

4. One Up on Wall Street - The Art of Picking Fast-Growing Stocks

Peter Lynch managed the Magellan Fund, growing from $18 million to $14 billion in 13 years. He sees the stock world differently.

Why read this: Lynch categorizes stocks into 6 types—slow growth, fast growth, cyclical, recovery, strong, and asset-heavy. Each has different strategies. The book covers comprehensive stock analysis, and Lynch looks for “Tenbaggers”—stocks with 10x growth potential.

Who it’s suitable for: Those with some understanding of fundamentals, wanting to learn growth stock selection.

Lynch’s view: Amateur investors can succeed just like professionals because retail investors can see opportunities that big fund managers might overlook.

Pros: Covers many aspects, engaging read, not too technical. Cons: The Thai translation is not very idiomatic, some sentences are hard to understand, all examples are foreign stocks.

5. Buffettology - The Investment Science of Buffett

Mary Buffett, Warren Buffett’s former daughter-in-law, reveals the secret thinking process of the great investor that was previously undisclosed.

Why read this: This book “speaks softly” about Buffett’s mindset, viewing stock buying as owning a part of a business, not just speculation for quick profit. It explains DCF ###Discounted Cash Flow( that Buffett uses.

Who it’s suitable for: Investors with some experience who want to understand how the “King” thinks.

Buffett did not reveal his natural secrets to everyone; this book is a “high-level trap” for investors to observe.

Pros: Clear equations, understandable content, long-term profit factors. Cons: Highly complex, requires time to analyze, investing takes 10-20 years.

How to Select Stock Books That Match You

) Why do beginners need to read books?

Anyone can invest, but those who study and learn from “others’ mistakes” will have a shield. The more you study, the better you can avoid traps. Regardless of market ups and downs, choose your own path.

If I don’t read, can I still invest?

Yes, but it’s hard to escape risks. An alternative is investing in mutual funds managed by professionals, which is easier. However, savvy investors still recommend reading at least one book to understand why your money is sitting where it is.

First step: Choose Thai books, books about stocks written by Thai authors

Use language that matches the context, with Thai stock examples and the Thai stock market you’re interested in. Relying solely on translated foreign books can be risky and insufficient.

3 Ways Investors Can Outperform the Market

1. Market Timing: Buy low, sell high. Works for both short-term and long-term up and down trends.

2. Asset Selection: Pick good stocks for the future through analysis, not guesswork. Otherwise, inflation eats away small income.

3. Asset Allocation: Diversify stocks, bonds, real estate, cash according to proportions to reduce volatility and let your money grow.

All five recommended books can help investors do this correctly. “Start with the first Thai book” by Khun Kawi to build a foundation. Once understood, you can change strategies and books. The phrase “until you find your style” is truly smart investing.

Next Steps After Reading

Step 1: Understand from the five stock books.

Step 2: Invest in “index stocks” or “passive funds” first, without hunting for individual stocks.

Step 3: Study gradually starting with Thai stocks. Take it easy, invest when convenient.

Step 4: Follow what you read, then later explore foreign stocks, growth stocks, and other complex investments.

Summary: Read, Understand, Invest

Reading stock books is not gambling on luck but arming yourself before entering the field. The five books mentioned each teach different perspectives and investment styles—from Graham’s Value Investing, Lynch’s growth investing, to Buffett’s owner-operator mindset.

Everyone has their own method; the key is to find it. That’s the smart investment answer.