![]() | Fifty Years in Wall Street (Wiley Investment Classics) by Henry Clews
Buy new: $15.56 / Used from: $8.00 While there is a lot of investment wisdom to be gleamed from this book I recommend it more for the stories of larger than life financial giants who made and lost vast fortunes waging war amongst themselves with shares and debentures instead of cannons.
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![]() | The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
Buy new: $19.77 / Used from: $11.00 Novice investors could do themselves good by just buying all of Bernstein's books and reading them. This should be your first.
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![]() | The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk by William Bernstein
Buy new: $19.77 / Used from: $8.00 Great advice for the novice or not so novice investor. The importance of an appropriate and well planned allocation strategy cannot be over emphasized.
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![]() | Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein
Buy new: $13.57 / Used from: $4.00 A fascinating study of the history of understanding risk and it's impact by the other great Bernstein of financial writing. Recommended for the intermediate investor who wants to start understanding how current theories and stratagems developed.
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![]() | The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow
Buy new: $14.96 / Used from: $5.95 JP (John Pierpont) Morgan was one of the true giants of financial history. It can be argued if he was a hero or scoundrel but either way his footprints echo down to today's economic world.
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![]() | The Panic of 1907: Lessons Learned from the Market's Perfect Storm by Robert F. Bruner
Buy new: $18.87 / Used from: $5.21 Fortune favors the ready and the study of past bubbles, panics and crashes is one of the best ways to be ready when they repeat. This is a wonderfully written look into one of the most relevant panics in the US.
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![]() | Stocks for the Long Run, 4th Edition: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies by Jeremy Siegel
Buy new: $23.07 / Used from: $17.21 Siegel is another author where the novice investor should just purchase all his books and then read in chronological order. This excellent work will help you understand how to intelligently choose your equity investments.
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![]() | A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Revised and Updated) by Burton G. Malkiel
Buy new: $12.89 / Used from: $9.99 I can't say I agree with all of premises that Malkiel puts forward but I will certainly say that everyone should understand the topics discussed and the points raised. A standard 'must have' for the investment bookshelf.
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![]() | Where Are the Customers' Yachts: or A Good Hard Look at Wall Street (Wiley Investment Classics) by Fred Schwed
Buy new: $13.57 / Used from: $12.52 Over half a century old and as relevant today as when it was originally published. All stock investors should have to read this and Adam Smith's 'The Money Game' before being allowed to open brokerage accounts!
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![]() | Money Game by Adam Smith
Buy new: $11.20 / Used from: $2.18 If you haven't read this book then it's doubtful you really understand all you think you do about investing. This and 'Where are the customer's yachts' should be mandatory reading before opening a brokerage account.
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![]() | Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) by Charles P. Kindleberger
Buy new: $12.97 / Used from: $9.74 Understanding the repeating history of panics and crashes is one of the best things you can do for your portfolio and your peace of mind. Kindleberger provides an excellent read through market booms and the inevitable busts that must follow.
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![]() | The General Theory of Employment, Interest and Money by John Maynard Keynes
Buy new: $29.64 / Used from: $16.58 Another of those timeless classics that are required to know where our present day theories came from.
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![]() | The Birth of Plenty : How the Prosperity of the Modern World was Created by William J. Bernstein
Buy new: $19.77 / Used from: $6.94 Bernstein compresses an amazing amount of material into this one volume. Presented in his own unique style is the highlights of humans exchanging value with each other for the benefit of all. This will doubtless become a classic.
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