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Investor Reading Materials Thread

Posted on 3/15/10 at 8:21 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/15/10 at 8:21 pm
I am hoping this thread can be what was talked about in the Nassim Taleb thread, namely, a stickied and consolidated thread where someone can come to the board and immediately see a list of a bunch of varying levels of materials for people looking to learn about investing. I will edit this post per responses for future updates.

To start out with, if anyone who wants to contribute will list ~10 books (no particular order) for "Beginner Investors", that would be a good start. We can leave it open for a week, then I will take the consensus responses and put it in the OP for easy viewing.

I would like to continue this and also do the same thing for "Experienced Investors" as well, so if you have some material you think fits that description, please add that as well, just be sure to differentiate between which are intended for the beginners and which are intended for the experienced.

We can add "special" (for lack of a better term) sections for specific subsets of this, e.g. finance, economics, TA, whatever, as time goes on.

Finally, I would like to add a "Current" section, which can just be new books/papers that people come across that are relatively recent (~2 years old or less) that they think are worth mentioning. I will check the thread on Sundays or something and add them in . This could become a nice repository of information, I know we've got a lot of people on here spanning a pretty large age group, so please add your thoughts if you like the idea.

I'm going to make three blank posts underneath this one to reserve some space, in the event that this list gets ridiculous and unwieldy at some point in the future.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/15/10 at 8:21 pm to
*Reserved for future use*
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/15/10 at 8:22 pm to
*Reserved for future use*
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/15/10 at 8:22 pm to
*Reserved for future use*
Posted by Tiger4Ever
Member since Aug 2003
36792 posts
Posted on 3/16/10 at 7:31 am to
I can't name 10, but I'll throw one out there.

Winning the Loser's Game by Charles D. Ellis
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/16/10 at 7:55 am to
I was thinking of 10 as an upper limit, not a lower limit.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10782 posts
Posted on 3/16/10 at 10:38 am to
For starters:

The Investor’s Manifesto – William Bernstein

Common Sense on Mutual Funds: Fully Updated 10th anniversary edition - John Bogle

The Boglehead’s Guide to Retirement Planning – Larimore, et al

The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments - Larry Swedroe

All About Asset Allocation - Richard Ferri

All About Index Funds - Richard Ferri

The Intelligent Portfolio – Christopher L. Jones

Random Walk Down Wall Street (Revised) – Burton Malkiel

The Intelligent Investor – Ben Graham with Jason Zweig commentary

A Modern Approach to Graham & Dodd Investing – Thomas Au
This post was edited on 3/17/10 at 11:19 am
Posted by Greenspan
6 million posts
Member since Dec 2007
2194 posts
Posted on 3/16/10 at 3:40 pm to
I would suggest Securities Analysis (The 1934 edition)by Benjamin Graham and David Dodd. Just ignore the fact that on a few exhibits the balance sheets do not balance.
Posted by sneakytiger
Member since Oct 2007
2499 posts
Posted on 3/16/10 at 6:02 pm to
Liar's Poker

I finished it a few nights ago... Maybe I'm a dork, but I laughed out loud several times over the course of reading.

Equities in Dallas!

Anyway, I guess you can file that one in the finance entertainment section?
This post was edited on 3/16/10 at 6:05 pm
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10782 posts
Posted on 3/16/10 at 7:19 pm to
I don't think noobs are going to find, nor pay for, the 1934 edition, much less finish any financial related book of more than 100 pages, but I gave it a go for kfizz's sake.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/16/10 at 8:12 pm to
We just need to put those in the advanced/experienced buckets. You can find any popular book with a simple google of "book title + ebook/pdf/torrent."
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 3/16/10 at 9:10 pm to


Have not read it yet (ordered it last week) but everyone on this board says it is awesome....

E.T.A. This is a great book for beginning investors. A recent college grad would be doing himself a great service to read this.
This post was edited on 3/22/10 at 4:26 pm
Posted by MartyMcfly
Baton Rouge
Member since Nov 2008
124 posts
Posted on 3/18/10 at 2:31 am to
Think and Grow Rich by Napoleon Hill. Not so much about investing, more about success. Just about every successful entrepreneur that I have met has suggested this book. I am about 150 pages in, it's a quick read. Definitely the type of book that will get you in the mind set for investing.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/22/10 at 12:10 pm to
This thread needs to be bumped and stickied. I will post a bunch of TA material this evening, as well as some Personal Finance and General Stock Market Investing books that have served me well.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/22/10 at 1:14 pm to
Technical Analysis:

For Beginners:













For Advanced Practitioners:









Posted by MartyMcfly
Baton Rouge
Member since Nov 2008
124 posts
Posted on 3/23/10 at 12:09 pm to
kfizzle85, what was that book that Pat was talking about at Balcony on Saturday. He said the name, I had not heard of it, and he look at me like "You are an Econ major and you have not heard of ______?!" Anyhow, do you remember what I am talking about?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/23/10 at 12:18 pm to
Ha man I was shitfaced, all I remember him mentioning was something about Von Mises.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
Posted on 3/23/10 at 12:24 pm to
Margin of Safety by Klarman: great read on value investing. And to people who say individuals can't beat the market with non-diversified individual picks-well this guy has done it for the past 25 years.

A Random Walk down Wall Street (though I disagree with some parts)



But the one book EVERY beginning investor should read:

This is literally the best book I have ever read.
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