]There’s two sides to dividend investing. First, you must know how to identify value in your stock picks. Second, you must understand how to manage dividends in your own portfolio.
This list of best books on dividend investing separates the two skill sets.
First, we’re going to dive into the greatest books on picking stocks. Next, we’ll get into the best dividend investing books.
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Best Books on Identifying Stocks For Dividend Investors
You’ll be happy to know, this isn’t my list of the best books. The five books listed below are the favorite books of the greatest stock pickers of all time.
I curated 24 reading lists from top investors such as:
- Warren Buffett
- Charlie Munger
- Howard Marks
- Steve Kuhn
- Seth Klarman
- Michael Berry
- Nassim Taleb
Total, I curated 24 books lists, which produced a total of over 575 recommendations. The five books listed below are the books with the most recommendations.
In what came as a bit of a shock, the book with the second most votes was You Can Be A Stock Market Genius. The book gets into detail on how to learn to spot value using special situations. A skill which can be very helpful for dividend investors.
Once a year, Warren Buffett sends out his shareholders letter to the world. In these letters, Buffett shares his wisdom, in simple fashion.
There are two separate books, which have curated the letters:
- The Essays of Warren Buffett edited by Lawrence Cunningham
- Berkshire Hathaway Letters to Shareholders edited by Max Olson
# 5 – The Money Masters by John Train
In a day with no Internet, blogs, and 24-7 investment news, The Money Masters was one of the first books to uncover the range of strategies used to select stocks by the world’s top investors. There’s loads of wisdom inside for how to identify smart stock picks.
Best Books on Dividend Investing
Reading the best investing books of all time will give you the ability to understand what is and what’s a great stock. Next up is learning which stocks are good for dividend investing and how to manage your dividends.
These four books I consider to be the best books on dividend investing:
The Little Book of Big Dividends is a great book to learn the basics of dividend investing. It’s a very simplified strategy to spot what the author Charles B. Carlson calls Big Safe Dividend (BSD) formula.
In The Single Best Investment, author Lowell Miller makes the case for the single best investing being a stock with rising dividends. He details why this is the case and how to find such stocks. Some of Miller’s ideas are contrarian, which isn’t necessarily a bad thing. That’s why it’s important to consider this just one book in your education to form your own opinion.
# 3 – Dividends Still Don’t Lie: The Truth About Investing in Blue Chip Stocks and Winning in the Stock Market by Kelley Wright
# 4 – The Ultimate Dividend Playbook:Income, Insight and Independence for Today’s Investor by Josh Peters
In The Ultimate Dividend Playbook, Morningstar writer Josh Peters makes his case for using a dividend-stream approach to investing. This book is a great read for the intermediate to advanced dividend investor, looking to further their understanding.
What Are You Favorite Books on Dividend Investing?
There’s multiple strategies one can deploy to become a successful dividend investor.
Has a certain author’s strategy worked for you?
Let us know in the comments.