Investment Books


Here are a few investment books worthy of your attention.

1)     Security Analysis - Benjamin Graham & David Dodd        ***

2)     The Motley Fool Investment Guide - David and Tom Gardner     ***  Contains material no longer supported by Fools.

3)    What Works on Wall Street - James O'Shaughnessy    ****

4)    Invest Like the Best - James O'Shaughnessy      ***

5)    Trouncing The Dow - Kenneth Lee                    **

6)    The Unemotional Investor - Robert Sheard      *

7)    Beating the Dow - Michael O'Higgins    *    The system does not work.

8)     The New Mutual Fund Investment Advisor - Richard C. Dorf    ****  Quality book for mutual fund investors.

9)     Strategic Market Timing - Robert M. Bowker     *

10)   A Zebra In Lion Country - Ralph Wanger     *

11)   Small-Cap Stocks - Christopher Graja & Elizabeth Ungar    ***

12)   Stock Market Logic - Norman G. Fosback     ***

13)   Winning On Wall Street - Martin Zweig     ***

14)    The Warren Buffett Way - Robert G. Hagstron, Jr.    **

15)    Modern Portfolio Theory and Investment Analysis - Edwin J. Elton & Martin J. Gruber **  Very technical.   Heavy on mathematics.

16)   How to Retire Rich - James O'Shaughnessy    **

17)   Starting and Running a Profitable Investment Club - Thomas O'Hara and Kenneth Janke, Sr. **

18)   The Dividend Rich Investor - Joseph Tigue and Joseph Lisanti    *

19)   Common Stocks and Uncommon Profits - Philip Fisher     ****

20)   Mutual Fund Mastery - Kurt Brouwer & Stephen Janachowski    ***

21)   Index Mutual Funds - W. Scott Simon    ****

22)   Beating the Dow With Bonds - Michael B. O'Higgins    *   The system does not work.

23)   Wealth Management  - Harold R. Evensky     ****  One of the top books on money management.  Quite complete.  Requires study.

24)   The Portable MBA in Investment - Edited by Peter L. Bernstein    ****  Contains essays on important topics.

25)   Staying Wealthy - Brian H. Breuel   ***

26)   The Book of Investing Wisdom - Edited by Peter Krass    ****

27)   Online Investing - Jon D. Markman   ***

28)   The Millionaire Next Door - Thomas J. Stanley & William D. Danko   ***

29)   New Rules for the New Economy - Kevin Kelly    **

30)   John Bogle and the Vanguard Experiment - Robert Slater   ***

31)   The Gorilla Game - Geoffrey A. Moore    ***

32)   Stocks for the Long Run - Jeremy J. Siegel    *****   Purchase latest edition

33)   Winning the Investment Marathon - H. Bradlee Perry    **

34)   Valuing Wall Street - Andrew Smithers & Stephen Wright   **

35)   The Intelligent Asset Allocator - William Bernstein   *****  An excellent book on Asset Allocation.

36)   Asset Allocation:  Balancing Financial Risk - Roger C. Gibson   *****  Builds strong case for Asset Allocation

37)   Take Stock - Ellis Traub   ****  Must read for Toolkit users

38)  What Wall Street Doesn't Want You to Know - Larry E. Swedroe   ****  Book should have an index.  Builds strong case for Indexing.

39)  What Are Stocks Really Worth? - John B. Malloy   ***  Different approach to analyzing stocks.  Helps to develop your own spreadsheets.

40)  The Four Pillars of Investing - William Bernstein  *****  Read before book number 35.

41)  The Intelligent Investor - Benjamin Graham       ****

42)  The Five Rules for Successful Stock Investing - Pat Dorsey       ***

43)  Stock Selection Handbook - Bonnie Biafore       ***   Replaces #17.

44)  Capital Ideas: The Improbable Origins of Modern Wall Street - Peter L. Bernstein     **** 

45)  Point & Figure Charting - Thomas J. Dorsey       ***   

46)  Against the Gods - Peter L. Bernstein    ***

47)  Unconventional Success - David F. Swensen    *****  A top money manager recommends passive investing.

48)  Index Funds - Mark Hebner    *****  Hebner summarizes all the available research in favor of passive investing.

49)  All About Asset Allocation - Richard A. Ferri    *****  The  title says it all.

50)  A Random Walk Down Wall Street - Burton Malkiel    ****  This book reinforces passive investing.  

For the beginning investor, these are required reading.  Numbers 40, 36, 48, 49, 47, and 35.  Read in the order given and you will save many investment mistakes.  From this list, numbers 23, 24, 32, 35, 36, 37, 38, 40, 47, 48, 49 and 50 are among my favorites.  Numbers 8 (may be difficult to find) and 20 are excellent beginning books for mutual fund investors.  Numbers 26 and 44 are just a lot of fun to read for pleasure.