Recommended by: WiseSuit Staff

Many a renowned investment advisory service such as Motley Fool always recommend this bestselling book to its clients.

History is full of monumental successes and failures on Wall Street, and (hopefully) these impart valuable lessons to future investors. Forbes Greatest Investing Stories is a collection of some of the most successful investment stories that have ever taken place on Wall Street. It consists of 10 essays profiling some of Wall Street's most successful investors of all time and the philosophies that brought them huge success.

This bestseller chronicles the work of famed investors such as Benjamin Graham, Hetty Green, T. Rowe Price, Georges F. Doriot, Tom Bailey, Marty Whitman and Muriel F. Siebert. 

Benjamin Graham had a checklist of 10 points when picking his famed value stocks; General Georges Doriot stuck to his principle of "bet the jockey, not the horse" as he raised and invested venture capital in start-ups with astounding success; T. Rowe Price basically invented growth investing; Marty Whitman was Mr. Value Investing; and Hetty Green and Muriel F. Siebert proved that women can also win big on Wall Street.

We study these legends and much more throughout this bestselling book. Full of fundamental investing lessons imparted using the stories and characters that are examined in the book, we get to learn from the very best investors ever. It is a useful guide for any investor - novice or experienced. We know that history repeats itself and the one thing you'll note from the stories in this book is how true that statement really is. We may be in a different time but almost everything we experience in the world of investing today has, in fact, happened before in some form. 

Forbes Greatest Investing Stories even details common unwanted situations such as swindlers trying to take advantage of investors, corporate scandals, overly-aggressive accounting practices, executive options that are far more generous than they need to or ought to be, corporate greed and tons of acts of investment folly - all of which as we know happen today. Nothing has really changed since then so we can learn a great deal from these incredible investors who have succeeded in similar pleasant and unpleasant situations in the past.

"If the ‘story' behind the stock is too good to be true, it probably is." - Forbes Greatest Investing Stories

"When you are buying a stock, you are not buying a piece of paper; you're buying part of a business." - Forbes Greatest Investing Stories

Forbes Greatest Investing Stories is an engrossing and insightful book, and for a serious investor, a must-read. 

Reviews:

"A superb book on a subject of increasing consequence to rapidly growing numbers of Americans." - Steve Forbes, President, CEO, and Editor-in-Chief, Forbes

About the Author:

Richard Phalon lives in New York City. He has been working as a contributing editor for Forbes since 1980. During his work with Forbes, Phalon covered stories ranging from personal finance to urban affairs to politics. Prior to working at Forbes, Phalon was employed at the New York Times for sixteen years. His other authored works include The Takeover Barons of Wall Street and Your Money: How to Make it Work Harder Than You Do.

Categories:  Corporate Finance,  Personal Finance