schin Posted November 29, 2015 Share Posted November 29, 2015 Hi, My nephew wanted to learn more about investing. He is only 12 years old and as such, I don't want to overwhelm him at an early age. I want to buy him some books on investing. Any recommendations for good starter books for teens? I am thinking of both these books for Xmas: 1) The Little Book on Common Sense Investing by Jack Bogle (if he just becomes an indexer, I'm okay with that... Although, I would love for him to catch the Value Investing Bug) 2) Dhando Investor by Pabrai (This is one of my favorites, but not sure if he'll get it. As his first or second book on investing.) Thanks in advance. Link to comment Share on other sites More sharing options...
feynmanresearch Posted November 29, 2015 Share Posted November 29, 2015 Learn to earn by Peter Lynch Link to comment Share on other sites More sharing options...
bantrader Posted November 29, 2015 Share Posted November 29, 2015 Rich Dad, Poor Dad by Robert Kiyosaki Link to comment Share on other sites More sharing options...
xo 1 Posted November 29, 2015 Share Posted November 29, 2015 Magic Formula Investing / The Little Book that Still Beats the Market I just lent my copy to a 13-year-old last month and he couldn't put it down and was able to discuss the concepts afterwards with intelligence. Great introduction to investing. Link to comment Share on other sites More sharing options...
feynmanresearch Posted November 29, 2015 Share Posted November 29, 2015 Rich Dad, Poor Dad by Robert Kiyosaki I wouldn't recommend this. Kiyosaki is a fraud Link to comment Share on other sites More sharing options...
augustabound Posted November 29, 2015 Share Posted November 29, 2015 Rich Dad, Poor Dad by Robert Kiyosaki I wouldn't recommend this. Kiyosaki is a fraud Amen to that. I shudder every time I see someone recommend him. Some of his theories are sound though, particularly having an asset work for you and starting your own company. Link to comment Share on other sites More sharing options...
RhubarbXIV Posted November 30, 2015 Share Posted November 30, 2015 It might seem a bit patronizing, but what about Buffett's Secret Millionaire's Club? http://www.amazon.com/Secret-Millionaires-Club-Buffetts-Business/dp/1118494598/ref=sr_1_1?ie=UTF8&qid=1448896329&sr=8-1&keywords=secret+millionaires+club Or, the follow-up: How to Start Your Very First Business: http://www.amazon.com/Business-Warren-Buffetts-Secret-Millionaires/dp/1941367119/ref=pd_bxgy_14_img_3?ie=UTF8&refRID=0SNZ3BRY62QZF49409M8 I'm a 34-year-old PM and I still got something out of them. Or even Greenblatt's The Little Book that Beats The Market: http://www.amazon.com/Little-Book-Still-Beats-Market/dp/0470624159/ref=sr_1_1?s=books&ie=UTF8&qid=1448896417&sr=1-1&keywords=the+little+book+that+beats+the+market But honestly, I have no idea what this particular 12-year-old's reading habits and level are. Link to comment Share on other sites More sharing options...
racemize Posted November 30, 2015 Share Posted November 30, 2015 I read "The Richest Man in Babylon" at about that age and it had a big impact. Link to comment Share on other sites More sharing options...
feynmanresearch Posted November 30, 2015 Share Posted November 30, 2015 I read "The Richest Man in Babylon" at about that age and it had a big impact. I second this. Such a good book with timeless wisdom Link to comment Share on other sites More sharing options...
Guest Grey512 Posted November 30, 2015 Share Posted November 30, 2015 Poor Charlie's Almanack. Link to comment Share on other sites More sharing options...
spartansaver Posted November 30, 2015 Share Posted November 30, 2015 Little Book That Still Beats the Market was a great one. I read the first few chapters to my gf and she got nearly all of it. Some stuff had to go back over, but for the most part he did the perfect job of simplifying the concepts. Link to comment Share on other sites More sharing options...
RhubarbXIV Posted November 30, 2015 Share Posted November 30, 2015 Little Book That Still Beats the Market was a great one. I read the first few chapters to my gf and she got nearly all of it. Some stuff had to go back over, but for the most part he did the perfect job of simplifying the concepts. Yeah, and as a bonus, the "Little Book" has trailed the market significantly since 2010 or so, so it'll teach the pre-teen patience if nothing else! Link to comment Share on other sites More sharing options...
farnamstreet Posted December 1, 2015 Share Posted December 1, 2015 This Graphic novel on Richard Feynman is awesome. https://www.farnamstreetblog.com/2013/05/richard-feynman-jim-ottaviani-no-ordinary-genius/ Link to comment Share on other sites More sharing options...
Guest JoelS Posted December 1, 2015 Share Posted December 1, 2015 I second "Rich Dad, Poor Dad" and "The Richest man in Babylon". Another great book for young people is "Warren Buffett speaks.." http://www.amazon.com/Warren-Buffett-Speaks-Greatest-Investor/dp/0470152621 Not a demanding business read like "Essays of Warren Buffett" or the "Almanack" but a fantastic collection of quotes from Buffett on many areas of life. It gives an insight to his character and may kindle your nephew's investing spirit. Link to comment Share on other sites More sharing options...
doughishere Posted December 1, 2015 Share Posted December 1, 2015 This Graphic novel on Richard Feynman is awesome. https://www.farnamstreetblog.com/2013/05/richard-feynman-jim-ottaviani-no-ordinary-genius/ I'm an adult and might get that for myself. Link to comment Share on other sites More sharing options...
feynmanresearch Posted December 1, 2015 Share Posted December 1, 2015 This Graphic novel on Richard Feynman is awesome. https://www.farnamstreetblog.com/2013/05/richard-feynman-jim-ottaviani-no-ordinary-genius/ If you have an extra copy of the novel,feel free to PM. I'm interested in purchasing it Link to comment Share on other sites More sharing options...
Travis Wiedower Posted December 1, 2015 Share Posted December 1, 2015 Poor Charlie's Almanack. As much as I love this book I can't see a 12-year old enjoying it. Charlie isn't exactly known for his use of simple language. Haven't read it in a couple years but I think Dhando Investor could be a good option. Isn't most of the book a big analogy to motel owners? Seems like something 12-year olds would understand? Not positive though. Link to comment Share on other sites More sharing options...
feynmanresearch Posted December 1, 2015 Share Posted December 1, 2015 Poor Charlie's Almanack. As much as I love this book I can't see a 12-year old enjoying it. Charlie isn't exactly known for his use of simple language. Haven't read it in a couple years but I think Dhando Investor could be a good option. Isn't most of the book a big analogy to motel owners? Seems like something 12-year olds would understand? Not positive though. I think most 12-years old won't even be able to understand most of the content from Poor Charlie's Almanack.Heck, I had to stop several times throughout the book to digest what Charlie was saying Link to comment Share on other sites More sharing options...
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