Oct 28, 2025

Books Recommendations on Investing by School of Intrinsic Compounding (SOIC) - Intermediate

SOIC (School of Intrinsic Compounding) is a leading Indian education platform founded by Ishmohit Arora and a team of dedicated analysts. Their mission is to empower retail investors through in-depth investing education, financial research, and practical resources, with a special focus on fundamental analysis and value investing. 

I have been a subscriber to their channel for the last 3 years. Part 1 of Books Recommendations on Investing by School of Intrinsic Compounding (SOIC) is already published on the blog. SOIC frequently shares top book recommendations to build a strong foundation in investing and personal growth. 

Here is the list of SOIC-recommended books for experienced investors:

Decision Making and Behavioral Finance
  1. Thinking in Bets – Annie Duke – Decision making under uncertainty using betting frameworks.
  2. Seeking Wisdom: From Darwin To Munger – Peter Bevelin – Behavioral and evolutionary insights into investing.
  3. Poor Charlie's Almanack – Edited by Peter D. Kaufman – Wisdom and mental models from Charlie Munger.
  4. Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger – Janet Lowe – Investment journey insights from Charlie Munger.
  5. The Most Important Thing – Howard Marks – Investment philosophy emphasizing risk and psychology.
Value Investing and Stock Selection
  1. The Tao of Warren Buffett – Mary Buffett and David Clark – Buffett's philosophies and value investing principles.
  2. The Warren Buffett Way – Robert Hagstrom – Buffett's investment strategies and principles.
  3. 100 Baggers – Christopher Mayer – Identifying stocks with massive long-term growth potential.
  4. Margin of Safety – Seth Klarman – Investing with safety buffers to minimize risk.
  5. Beating the Street – Peter Lynch – Tactics for stock picking and beating the market.
Financial Analysis and Accounting
  1. Financial Shenanigans – Howard Schilit – Detecting accounting fraud and irregularities.
  2. Romancing The Balance Sheet – Anil Lamba – Understanding financial statements with fresh perspectives.
  3. Best Practices for Equity Research Analysts – James J. Valentine – Conducting high-quality research.
  4. Bad Money: Inside the NPA Mess and How it Threatens the Indian Banking System – Vivek Kaul  – Overview of banking sector risks in India.
Growth and Compounding
  1. The Joys of Compounding – Gautam Baid – The exponential growth power of compounding.
  2. You Can Compound – Vivek Mashrani – Practical strategies for compounding money.
  3. Investing for Growth – Terry Smith – Strategies focused on growth stocks and capital appreciation.
  4. Of Long Term Value And Wealth Creation – Bharat Shah – Principles for sustainable wealth generation.
Investment Theory and Market Principles
  1. What I Learnt About Investing From Darwin – Pulak Prasad – Evolutionary principles applied to investing.
  2. A Random Walk Down Wall Street – Burton Malkiel – Stock market investing basics and efficient market hypothesis.
  3. The Little Book of Valuation – Aswath Damodaran – Simplified valuation methods for investments.