Asset Allocation
by Roger Gibson (McGraw-Hill, 3rd Edition, August 2000)
Although this book is geared toward the professional, it is a sound discussion of asset allocation.
Common Sense of Mutual Funds
by John Bogle (John Wiley & Sons, December 2000)
The founder of the giant Vanguard mutual fund company, Bogle brought equity and bond indexing to the masses. A certified curmudgeon with a passion for helping investors understands markets.
The Craft of Investing
by John Train (Harper Information, September 1995)
A New York money manager and long-time author on investing, he offers plenty of insight on a wide range of issues in this book.
Everything You've Heard About Investing Is Wrong
by William H. Gross (Times Books, April 1997)
The author is a legendary bond investor, and astute observer of the markets.
The Four Pillars of Investing
by William Bernstein (McGraw-Hill, April, 2002)
A strong believer of indexing, Bernstein's book ranks among the best.
Global Bargain Hunting: The Investors Guide to Profits in Emerging Markets
by Burton Malkiel and J.P. Mei (Simon and Schuster, January 1998)
The authors make a strong intellectual case for investing in the world's developing nations.
Global Investing
by Roger Ibbotson and Gary Brinson (McGraw-Hill, November 1992)
Two finance legends combine their talents to write a basic primer on investing overseas.
The Great Mutual Fund Trap: An Investment Recovery Plan
by Arthur Baer and Gary Gensler (Broadway Books, September 2002)
The authors don't like actively traded mutual funds. They prefer investing in broad market index funds.
Informed Investor
by Frank Armstrong (AMACOM, March 2002)
A skeptic of active management and high fees, Armstrong writes with the wealth of the individual investor in mind, not Wall Street.
The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
by William Bernstein. (McGraw-Hill, September 2000)
It's a sound discussion of the relationship between market risk and market return, and how to build a well-diversified portfolio.
The Intelligent Investor
by Benjamin Graham (Harper Collins, 1985)
A classic on investing with discipline and your head, rather than haphazardly and with emotion. Warren Buffett captured the book's essence in his introduction to a reissue of the book: "To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline."
Investing for Dummies and
Mutual Funds for Dummies
by Eric Tyson (John Wiley & Sons, August 1999 / John Wiley & Sons, June 1998)
You can't go wrong tapping into Eric's expertise.
Investment Policy
by Charles Ellis (McGraw-Hill, September 1992)
A well-known pension consultant, Ellis makes a strong case for indexing.
John Bogle on Investing: The First 50 Years
by John Bogle (McGraw-Hill, September 2000)
A collection of speeches, this book distills the investing wisdom of a giant in the business.
Magic Numbers: The 33 Key Ratios that Every Investor Should Know
by Peter Temple (John Wiley & Sons, December 2001)
A British financial writer, Temple walks the novice investor through the important financial numbers.
The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market
by Leon Levy (Public Affairs, November, 2002)
He is one of the century's great investors and a genuine iconoclast. This is a bearish book leavened with fascinating characters.
The Only Investment Guide You'll Ever Need
by Andrew Tobias (Harvest Books, January 2002)
He often uses himself as a financial guinea pig. Brash, funny, good stories — and sound advice as well.
A Random Walk Down Wall Street, Completely Revised and Updated Edition
by Burton Malkiel (W.W. Norton & Company; 8th edition, April 2003)
Well-written. Good history. Memorable anecdotes. Malkiel has done a superb job translating into layman's language an enormous body of academic and historic research into investing. A bit heavy for some people, though.
Rational Investing in Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make Today
by Larry Swedroe (Truman Talley Books, June 2002)
An ode to investing with index funds.
Reminiscences of a Stock Operator
by Edwin Lefevre (John Wiley & Sons, May 1994)
Published in 1923, this is a fictionalized biography of Jesse Livermore, a great 19th century speculator. A wonderful discourse on the art and discipline of speculation.
The Secret Code of the Superior Investor: How to Be a Long-Term Winner in a Short- Term World
by James Glassman (Three Rivers Press, December 2002)
He is best known as the co-author of
Dow 36,000. This time around, Glassman has penned a sober, basic, easy to read book for the average investor.
Stocks for the Long Run
by Jeremy Siegel (McGraw-Hill, June 2002)
A finance professor at Wharton, his book illuminated for the new retirement savings crowd the superior long-term returns investors have earned on stocks. Over the long haul, stock returns are so stable that equities are actually "safer" than government bonds or Treasury bills.
Straight Talk on Investing: What You Need to Know
by Jack Brennan (John Wiley & Sons, September 2002)
The head of Vanguard, Brennan's advice is straightforward and no nonsense.
Take on the Street: What Wall Street and Corporate America Don't Want You to Know
by Arthur Levitt (Pantheon Books, October 2002)
The former chairman of the Securities and Exchange Commission is a fierce advocate for the individual investor. An intriguing combination of solid financial advice and a Washington's insider tale.
The Warren Buffett Way
by Robert Hagstrom (John Wiley & Sons, March 1997)
A systematic overview of the investment techniques of Warren Buffett, the greatest stock picker of the post-World War II era.
Why Smart People Make Big Money Mistakes
by Gary Belsky (Fireside, April 2000)
A nice introduction to the field of behavioral economics and the psychology of investing.
Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals
by Zvi Bodie (Financial Times Prentice Hall, May 2003)
25 Myths You've Got To Avoid-If You Want To Manage Your Money Right
by Jonathan Clements. (Simon & Schuster, April 1999)
The Wall Street Journal columnist is a thoughtful, clear writer with a nice turn of phrase.
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