As the father of value investing, Benjamin Graham’s book The Interpretation of Financial Statements is one of the must have books on investing. In this book, you will learn about the principles of investment. Learn all the important things that you need to know in choosing the company to invest in including understanding financial statements and balance sheets. As a beginner, you will find the concept easy to understand as Graham was able to explain it in a simple way. After reading the book, you will find yourself filled with knowledge on the most important things that you need to learn when you start investing.
Peter Lynch's book makes the top in most lists about the best books on investing. I agree it is a well written book; I enjoyed it. I would recommend it as an easy reading and entertaining book, with many gems inside, but not as a guide for novice investors. And the reason is that the inexperienced reader may extract some wrong conclusions.
SHERYL GARRETT: There are so many great books on investing, and given the level of sophistication of the reader many different titles may be appropriate. For those looking for fundamental investment education I recommend "The Investment Answer" by Dan Goldie, Allan Roth's "How a Second Grader Beats Wall Street," fellow WSJ Expert Mike Piper's "Investing Made Simple" and John C. Bogle's "Little Book of Common Sense Investing."