Throughout the investment journey, I have read lots of investment books, below highlight some of the books which I found very useful for learning investment concept:
1) Berkshire Hathaway - Letters to Shareholders 1965-2012 - Warren Buffett
http://www.amazon.com/Berkshire-Hathaway-Letters-Shareholders-Buffett/dp/1595910778
It can be downloaded from http://www.berkshirehathaway.com/letters/letters.html as well, but I always think that reading from paper is much more effective from e-book. The book categorize the topics into different financial topics such as Investing, Value, Moats and Return on Capital, Accounting and also topics on industries such as Insurance which you can go to specific pages to look at the topics that you are interested at.
However, this is not for beginner as you do need to have a strong financial or accounting knowledge to fully grasp what he means for eg topic like goodwill amortization. For me I definitely looking forward to re-read this book many times to revise and implement value investing concept from the greatest investor of all time.
2) Investment Valuation - Aswath Damodaran
http://www.amazon.com/Investment-Valuation-Techniques-Determining-Finance/dp/111801152X
Damodaran is considered one of the top valuation guru in the field, there are different topics on how to value a company using Discounted Free Cash Flow, Discounted Dividend and Relative Valuation and other valuation methodology. I was hoping to study in much detail on the methodology that he proposed, but you can also read his blog on how to value a hyped company such as Twitter, Facebook etc(http://aswathdamodaran.blogspot.sg). I believed for someone to master the art of investing, valuation is a must-to-master subject.
3)The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New - Jeremy Siegel
http://www.amazon.com/The-Future-Investors-Tried-Triumph/dp/140008198X
If you are new investor and planning to do some asset allocation on your current wealth, you can start off by just reading this book. This book provides a great detail on how to do asset allocation (on the last chapter) for a long run. The rest of the chapters also highlight the reasons why you shouldn't buy IPO or buy stocks that are over-hyped. To me, I felt that he is the one of the few professors(including Damodaran) that research investing topics that really put theory into practical perspective.
4) The Winning Investment Habits of Warren Buffett & George Soros - Mark Tier
http://www.amazon.com/Winning-Investment-Habits-Warren-Buffett/dp/0312358784
Though George Soros is a Macro-economic investor and Warren Buffett is a Micro-economic investor, they shared the same 23 investing habits. As your habit highly correlated with your your investment result, therefore it is crucial to understand what the common habits that they shared.
I particularly like the investment habits of
Habit 1: Always protect the capital
Habit 4: Has already developed the investment system(selection, buy and sell)
Habit 22: 24x7 working for investment.
Habit 23: Put his words into action, eat what he cook.
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