Select 5 must-read books before starting the stock king journey in 2025

Beginner stock investors must prepare themselves before entering the real market. Studying the stock trading books correctly is a crucial weapon that helps investors avoid mistakes and discover their own investment style.

Top 5 Stock Trading Books Worth Studying in 2025

1. “Growing Stocks for Sustainable Results” - Mr. Kavi Chukijkasem

Recommendation Score: ⭐⭐⭐⭐⭐

This book is an excellent starting point for those who are just beginning to delve into the world of investing. Mr. Kavi, one of Thailand’s leading analysts, presents the concept of Value Investing in a concise and easy-to-understand language, incorporating real examples from the Thai stock market. This allows readers to clearly grasp the fundamentals of stock analysis within a single volume.

The content covers the company’s competitive ability, quantitative factors such as profit margins, and stock valuation using practical ratios like P/E and P/BV. This book is highly effective for beginners to build a solid knowledge foundation.

Suitable for: Those new to the stock market and wanting to establish a basic understanding.

Highlights: Easy-to-understand Thai language, Thai stock examples, clear illustrative examples.

2. “The Intelligent Investor” - Benjamin Graham (Thai translation)

Recommendation Score: ⭐⭐⭐⭐

This book is regarded as a classic manual of value investing. Graham, the founder of the foundational principles of Value Investing, describes a stable investment approach suitable for two types of investors: those seeking low returns but high safety, and those willing to dedicate time and knowledge to investing.

Graham achieved an average return of 20% per year from 1936-1956, outperforming the market’s 12.2%. This lays the theoretical groundwork he developed. Graham’s main principle is rational analysis, avoiding emotional decisions, and steering clear of speculation.

Suitable for: Investors with some basic knowledge.

Highlights: Clear investment system that can be practically applied.

Limitations: The language can be quite difficult, and some Thai idioms may cause confusion. Some content may be outdated as it was written over 70 years ago.

3. “Breaking the Code: Stock Strategies in Crisis” - Dr. Nivesh Mewachirawarakorn

Recommendation Score: ⭐⭐⭐⭐⭐

Dr. Nivesh presents a version of Value Investing adapted to the Thai market, capable of communicating deeply with Thai readers. This book shares real experiences, teaching how finding opportunities during crises is equally important in investing.

The content helps investors discover their own style, using serious examples from Thai stocks, making investment visualization clearer and more accessible. Dr. Nives’ view of investing is to buy good businesses and hold them for over 10 years.

Suitable for: Anyone interested in starting stock investing, especially those wanting real Thai stock examples.

Highlights: Thai stock examples, clear Thai language, strong investment philosophy.

4. “One Up On Wall Street” - Peter Lynch & John Rothchild

Recommendation Score: ⭐⭐⭐⭐

Peter Lynch, manager of the famous Magellan Fund, describes methods for selecting high-potential stocks, dividing stocks into six categories: slow growers, stalwarts, fast growers, cyclical stocks, turnaround stocks, and asset stocks.

Lynch’s strategy is to find “Tenbagger” stocks, which can yield 300% returns. This book is suitable for those wanting to study in-depth fundamental analysis. The content is clearly explained and engaging.

Suitable for: Those with some market experience or seeking advanced stock selection techniques.

Highlights: Covers various stock types, easy-to-understand and enjoyable content.

Limitations: Examples are from foreign stocks; the Thai translation may have some difficult sentences.

5. “Buffettology” - Mary Buffett & David Clark

Recommendation Score: ⭐⭐⭐⭐⭐

This book reveals Warren Buffett’s investment techniques through the eyes of those close to him. The content is divided into two parts: evaluating stock quality and calculating using the DCF (Discount Cash Flow) method, which is more advanced.

Buffett combines principles from Benjamin Graham and Charlie Munger, along with his own experience, making his strategy completely different from other investors.

Suitable for: Investors who have studied investment principles and want to explore in-depth.

Highlights: Not overly complex, most formulas are easy to understand, well-organized.

Limitations: Suitable for long-term investing, full of factors to consider, somewhat complex.

How to Choose the Stock Trading Book That Fits You

Why is it important to study stock books?

Preparing well before entering the stock market is like wearing armor. By studying the experiences of other investors through books, you can avoid mistakes that others have already made. Although it doesn’t protect you from new errors entirely, at least you learn the correct methods.

Can you invest without reading books?

If you don’t read any stock trading books, directly investing in stocks might be quite difficult. You might consider investing through mutual funds, where fund managers handle the management for you. However, regardless of the method, studying from books remains important as it helps you understand how the market works better.

Most experienced investors have developed their own investment styles through reading and practical experience. If you are a beginner, choose books written by Thai analysts, as their explanations and examples are more aligned with the Thai stock market context.

3 Main Strategies to Outperform the Stock Market Long-Term

1. Market Timing (Market Timing): The ability to choose the right time to buy and sell, applicable to both long-term and short-term investments.

2. Asset Selection (Asset Selection): Choosing stocks and assets with growth potential. If you select assets that do not appreciate, you will lose due to inflation.

3. Asset Allocation (Asset Allocation): Balanced investing in bonds, stocks, real estate, and cash in appropriate proportions, which helps reduce risk and ensures steady portfolio growth.

Steps to Start Investing in Stocks After Reading Books

Step 1 - Enhance Basic Knowledge: Choose easy-to-understand investment books, such as “Growing Stocks for Sustainable Results,” to build a solid foundation.

Step 2 - Practice with Virtual Funds: Use simulation platforms to gain experience before investing real money.

Step 3 - Start with Simple Levels: Invest in domestic index funds first, then gradually move to individual stocks and foreign stocks.

Step 4 - Continue Learning: Gradually study advanced investment books to develop skills.

Summary

The importance of studying stock trading books lies in truly understanding investing, rather than just following price movements. Each investor will discover their own investment style through reading and practical experience. Start with basic books and gradually increase complexity, because successful investing begins with good preparation and solid knowledge.