askST: What are some reference books I can read to improve my knowledge in investment?

Reader Tan Guan Wen, a fulltime National Serviceman, wrote in to askST: "I am interested in investing and personally have read some books to widen and improve my knowledge on investment. Currently, I only have cash placed in Singapore Saving Bonds and endowmens plans as I wanted to park my money in almost non-capital at risk instruments.

"I would like to ask for some recommendations on books to read, preferably investment books to help me identify investment opportunities."

Senior correspondent Goh Eng Yeow, who has written two books on investing,  Small Change - Investment Made Simple and Small Change 2 - Turning Cents To Dollars (published by The Straits Times Press), answered.

There are two books which I keep by my side over the years. Both are Wall Street classics.

Composite photo of books, One Up On Wall Street: How To Use What You Already Know To Make Money In The Market and The Intelligent Investor: The Definitive Book on Value Investing. PHOTO: SCREENGRAB FROM AMAZON 

One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch (Simon & Schuster, paperback, 304 pages, $30.50 from Books Kinokuniya) is an easy-to-follow guide on how to separate the wheat from the chaff in investments by looking at company's financial statements as well as guidelines on how to invest in cyclicals, turnarounds and fast-growing firms.

The Intelligent Investor by Benjamin Graham (HarperBusiness, paperback, 652 pages, $37.28 from Books Kinokuniya), who was Warren Buffett's mentor. which gives a handle on long-term investing strategies.

Both books are available in the public library.  

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