Instant Alert: 7 books you should read if you’re nervous about investing, according to a financial adviser

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  7 books you should read if you’re nervous about investing, according to a financial adviser by Max Osbon on Apr 5, 2017, 3:11 PM Advertisement

If you are uncertain, optimistic or nervous about investments right now, it may be a good time to do a little reading. Knowledge is really the best way to counterbalance emotions, which we know may be running high for some right now. Our advice: Check out what the masters have said. They’ve devoted their lives to understanding investing and captured it all in print. It turns out there is truly nothing new under the sun; their insights apply year-in and year-out. We love original sources, so here’s our top seven books for you to read or re-read. If you don’t like to read, give them to a trusted source to tell you what’s in them.SEE ALSO: A financial adviser shares 8 money mistakes to avoid in your 20s and 30s DON’T MISS: Top financial adviser: ‘If all you do in life is work really hard, you’re never going to get wealthy’

‘Security Analysis’ by Benjamin Graham and David Dodd

Known as the bible of value investing, this is the book that Warren Buffet credits for his success. One of the hallmarks of value investing is patience, and at 800 pages you’ll need plenty of it.

Buy it here.

‘Margin of Safety’ by Seth Klarman

The successor to “Security Analysis." Seth Klarman is Boston’s own investment man of mystery. This book is infamous for its low supply and $1,000 price tag. However, a clever Google search might save you some money. Buy it here.

‘Against the Gods: A History of Risk’ by Peter Bernstein

What are all of the ways you can calculate risk? After you read this book, you will know just about all of them. From chaos theory to game theory, Pascal to Bernoulli, and gambling addicts to derivatives traders, this is probably the most comprehensive book about calculating risk. It’s a perfect depiction of man’s never-ending quest to wrestle uncertainty into submission via mathematics. Buy it here.

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