Recommended Investment Reading List

[Deleted]

The YM board got another one of those recommended reading lists which we seem to get about once a quarter. I PMed Rovo suggesting that we pin a thread like that here or do a sub board at IBB since this board seems to be more educationally oriented. Rovo agreed.

I'm kicking off the thread with some suggestions from a thread Miller the Large started on the old MSN YM Board in June 2008. Please feel free to add your own favorites if they haven't already been mentioned plus anything new you've found helpful. I also suggest that you let folks know whether the material would be considered beginner, intermediate or advanced.

Thanks for your help!

MTL Recommendations in order of beginner to advanced

Learn to Earn by Peter Lynch
The Wall Street Journal Guide to Understanding Money and Investing by Kenneth Morris
The Articles at fundadvice.com > Articles Buy and Hold
A Random Walk Down Wall Street by Burton Maikal
The New Rules for Investing Now by James P. O'Shaughnessy
The Intelligent Asset Allocator by William Bernstein
Unconventional Sucess by David Swensen
When Markets Collide by Mohammad El-Erian

[Deleted]

My additions are:

For beginners: The Millionaire Next Door by Thomas J. Stanley and William D. Danko
I wish this book plus the basics of how to balance your checkbook would be required HS material.

For non technical folks, The Four Pillars of Investing in lieu of The Intelligent Asset Allocator both by William Bernstein

I also read the Economist Magazine which does a good job of explaining the more techincal parts of the market and the logic behind the Fed's monetary policy.

Articles by Liz Pulliam Weston (basic but she doesn't treat you like an idiot like Suze Orman does)

Jane Bryant Quinn's "Making the Most of Your Money". Beginner. It's been updated since I read it about 20 years ago but I thought she did a great job of writing a comprehensive book on banking, investing, insurance and tax planning.

Morningstar's free weekly articles

ETA: I also like Kathleen Pender's articles in the San Francisco Chronicle. Here's a sample:
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/03/BULQ1KV4PB.DTL

[clarkrl2]

I subscribe to the print version of Barron's (weekly publication). The articles probably range from beginner to advanced. There is also an online version available that has some free articles.

I also take the basic subscription for www.aaii.com. Included in the basic subsription are regular publications which are mainly beginning or intermediate level. There is also some free material online.

[raeoflyte]

Thanks Bonnap!

[bring in the new year]

Secrets of Economic Indicators by Baumhol.

I find it useful to keep the news straight.

[Deleted]

And Rovo!

[yclept]

www.futuresmag.com/Issues/2009/1/Pages/It-s-When-You-Sell-That-Counts-Third-Edition-.aspx

I agree with above reviewer that the data in this book are dated, but there are so few books that even cover the subject of selling that this is still relevant.

www.amazon.com/Its-When-Sell-That-Counts/dp/0852976860

[2kids10horses]

Yclept,

You are right, that's a good book.

I also like:

"How to Make Money in Stocks", by William O'Neil. And I like the IBD. (Investor's Business Daily).

[IPAfan]

Some books/resources that have crafted the way I look at investing in stocks.

Intelligent Investor - Benjamin Graham
Security Analysis - Benjamin Graham
You can be a stock market genius: uncover the secret hiding places of stock market profits - Joel Greenblatt
The Little Book that Beats the Market - Joel Greenblatt
Margin of Safety - Seth Klarman

Berkshire Hathaway annual letters and the Buffett Limited Partnership letters.

Letters and presentations from various hedge fund managers.

[lovetobike]

This is a very good beginner investment book and an easy read -- it can be read in one evening. It does promote using Index funds and financial advisor. I ignored the first part and found the rest a good introduction.

"The Investment Answer": Learn to manage your money and project your financial future by Daniel C. Goldie and Gordon S. Murray

[brdsl]

Has anyone read Rule #1 by Phil Towne?

I have just started, not too impressed yet.

[beenherebefore]

“Reminiscences of a Stock Operator” by Edwin Lefevre (Jesse Livermore)

"Trading for a Living" by Alexander Elder

[svwashout]

A half-century old classic--
Securities In An Insecure World, A Lecture by Benjamin Graham, delivered at Town Hall, St. Francis Hotel, San Francisco, CA, November 15, 1963.
www.jasonzweig.com/documents/BG_speech_SF1963.pdf
and more from the master--
www.bengrahaminvesting.ca/Resources/ben_graham_library.htm

When I was young and just starting out I thought that reading old essays was a waste of time. I have since learned otherwise. The period after a financial crash can be an excellent time to apply these methods, especially on companies away from the beaten path.

[Trongersoll]

If you are 20 something or lower, i strongly recommend:

"I Will Teach You to be Rich" by Ramit Sethi

This book gives you a plan to follow and helps build enthusiasm. It is a good starting point.

[beergut]

"The Richest Man In Babylon" is a book I recommend to everyone. The section on investing is very short, but everything in that book is golden.

"Liar's Poker" and "The Big Short" both by Michael Lewis are good if you want to understand the financial meltdown in the '80s and also what happened in 2007

[beergut]

Nov 9, 2011 12:58:35 GMT -5 brdsl said:

Has anyone read Rule #1 by Phil Towne?

I have just started, not too impressed yet.

 Started it, didn't finish it. Not too impressed with Towne.

 It is for value investors, so if that is your thing, have at it.

[brdsl]

May 19, 2013 2:58:42 GMT -5 beergut said:

Nov 9, 2011 12:58:35 GMT -5 brdsl said:

Has anyone read Rule #1 by Phil Towne?

I have just started, not too impressed yet.

 Started it, didn't finish it. Not too impressed with Towne.

 It is for value investors, so if that is your thing, have at it.

I didn't finish it.  I was lost on how to rate the management of the company, and be able to tell if it is good, when it changes, etc.

[Deleted]

Berkshire Hathaway annual letters and the Buffett Limited Partnership letters.


I agree

also his biography   " the snowball...Warren Buffett and the business of life"

he explains so much in the book, and the letters to shareholders about what he invests in...and why

great reading...and a lot of wisdom

dont always agree with him...but he does know a thing or two about investing

[jarrett1]

www.deepcapture.com

[Gardening Grandma]

I'm currently reading "All about Asset Allocation" by Rick Ferri. Enjoying it so far.

I'm looking for books to give my financially ignorant grandson (age 18). Wondering if Richest Man in Babylon might be a good start?

[Deleted]

The Bogleheads Guide to Investing (several authors) and The Only Investment Guide You'll Ever Need by Andrew Tobias.

Both great books for getting started investing.  They are easy reads and focus on a "hands off" index investing approach. 

[jarrett1]

Fantastic 51

[jarrett1]

 How Wall Street Rips You Off- Dale Ledbetter