|Recommended by:||Written by:||General Investment:|
Investment Books - Basic
Click book picture or Title to review and/or order
I use the ideas in these books to manage my "Core Portfolios" described in "Kirk Lindstrom's Investment Letter"
Lazy Person's Guide to Investing by Paul Farrell.
Paul offers many great core portfolios that all should consider before they consider anyone’s newsletter. In Ch 25 Paul talks about having "two brains" where you put 90% in what I call "core" and 10% into a "Mad Money" portfolio or what I prefer to call "explore."
Sense on Mutual Funds : New Imperatives for the Intelligent Investor
by John C. Bogle, Founder of Vanguard Low Cost Mutual Fund Family
Bogle has written a terrific book that makes its points over and over. Low cost funds, passive investment strategies, etc. His statistics, and we know they can always lie, are irrefutable that high cost, front-end load funds can never, as a group, match funds that use his proven strategies. There are always exceptions, but you think you are smart enough to pick those funds in advance?? Index funds give you a shot of at least matching the market, which as they say, ain't bad over time
Intelligent Asset Allocator: How to Build Your Portfolio to Maximize
and Minimize Riskby William J.
Teaches the reader straightforward method for earning exceptional returns and minimizing risk when investing. Explains how to manage a personal diversified account, how to assess how risk according to personal needs, and the fundamental relationship between risk and reward in financial markets.
"Any reader who takes the time and effort to understand his approach to the crucial subject of asset allocation will surely be rewarded with enhanced long-term returns." - John C. Bogle
Street Words : An Essential A to Z Guide for Today's Investor
by David Logan Scott
Synopsis: Wall Street Words features nearly 4,000 terms including hundreds of new entries that accurately and clearly explain the language of the world of finance and investment. Contemporary case histories offer real-world applications of investment concepts, how to manage money in today's market, and more.
|Contrarian Investment Strategies - The Next Generation
Beat the Market by Going Against the Crowd
by David N. Dreman: / Hardcover / Published 1998 / 464 pages
One of my favorite investment books!
All stock-market investors embrace the motto
"Buy low, sell high." Few act accordingly. This book teaches you how.
job is to execute! Some great historical charts of returns
by Benjamin Graham; Forward by John C. Bogle, Founder of The Vanguard Group
Graham's Intelligent Investor sets about educating the average person as to what makes an investment, what makes a speculation and how this knowledge can be applied to build wealth in the most risk-averse way possible. A VALUE Investor's MUST HAVE book!
Buy Audio Cassette
Bond Book, Third Edition: Everything Investors Need to Know About
Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money
Market Funds, and More
by Annette Thau - 3rd edition (October 27, 2010)
Introduction to Management Accounting- (14th Edition) (Charles T. Horngren Series in Accounting) (Hardcover)
I used the text in College at UCB to learn about reading annual reports. I have the 4th edition and it is such a great book it is still used today in MBA programs, 30 years later...
The idea of the book and class at is to teach CEOs how to understand what their accounting departments and CFOs are telling them. I took the class because I felt it would help me become a good investor if I could understand annual reports.
|Review by Rande
Spiegelman (Now VP at Schwab) on March 7, 1999:
Read "Random Walk" first in that it's a nice layman's discussion of the Modern Portfolio Theory/Efficient Market Hypothesis principles. Capital Ideas goes behind the scenes to discuss the evolution of such thoughts and ideas and the men who created the MPT revolution. I believe Capital Ideas will be much more meaningful and enjoyable when the reader has a basic appreciation for MPT to begin with. It doesn't take graduate study in finance and investments or a math background -- Random Walk should provide the sufficient context. November 11, 1999: If someone asked, “which three books would you REALLY recommend for a beginning investor?” my “short list” would be (in order):
* A Random Walk Down Wall Street, by Burton G. Malkiel,
* Wall Street Words, by David L. Scott
* The Money Game, by Adam Smith
||A Random Walk Down Wall Street, Completely Revised and
by Burton Malkiel; Revised and Updated edition (April 2003)
Synopsis An unconventional guide
to investing in Wall Street tells how to put together a broad portfolio
of stocks through sidestepping the experts and how to rate the
of a stock, bond, money market fund, or other investment.
by Adam Smith, Paperback (September 1976)
Synopsis: Lord Keynes coined
the endeavor of making money through investment as a “game.” Mr.
Smith (a pseudonym) explores and exposes the foibles of Wall Street in
this entertaining work.
Ideas : The Improbable Origins of Modern Wall Street
by Peter L. Bernstein: Paperback Reprint edition
Synopsis Reveals how a small group of scholars--Harry Markowitz, William Sharpe, Merton Miller, and others--laid the foundation for a revolution in commerce with theories they developed after the recession in 1974. A savvy appreciation of how a small band of disinterested academics has revolutionized the way Wall Street and its offshore counterparts manage the world's investment wealth.
Investor's Anthology : Original Ideas from the Industry's Greatest
by Charles D. Ellis (Editor), James R. Vertin (Editor)
Synopsis This book brings together a collection of great short writings from investment luminaries such as Barton Biggs, Warren Buffett, Benjamin Graham, and John Templeton, on all the topics for which they are known. Sprinkled with anecdotes and stories from each writer's experiences, The Investor's Anthology is both amusing and educational. .
Your Options: Get the Most from Your Equity Compensation
by Kaye A. Thomas $23.95 Paperback - 248 pages (January 14, 2000)
Review: #1, (Rande) Thomas does
a great job of explaining the basics and offers some good ideas on
strategies. Easy to read and designed for the layman. Anyone who
has or knows someone who has compensatory stock options should get this
Good graduate finance texts:
Investment Analysis and Portfolio Management by Frank K. Reilly & Keith C. Brown
Investments by William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey, William C. Sharpe
Investments Bodie, Kane, & Marcus (Irwin)
The last one is my personal favorite. All these texts assume
graduate-level corporate finance and advanced algebra/pre-calc, but
is much in there that doesn't necessarily require it.
Analysis of Stock Trends
By Robert Edwards, John Magee / Hardcover
Review:This is the first and best book
I ever read on charting way back in 1966. It was based on the original
work of Richard W. Schabacker, who wrote "Technical Analysis and Stock
Market Profits" back in the 30's. They both deal with trend lines and
detailed chart patterns (head and shoulders, double tops and bottoms,
tops, etc.) which may or may not interest you. First
recomended by "DanG" on March15,1999
and Figure Charting: The Essential Application for Forecasting and
2nd Edition by Thomas J. Dorsey
In this book, Thomas J. Dorsey shows you, step-by-step, how to create,
maintain, and interpret your own point and figure charts. He explains
you can use your findings to track and forecast market prices and
an overall investment strategy. Perhaps most importantly, he helps you
develop confidence in the market and in your own ability to take
action at the appropriate time, rather than reacting belatedly to
changing market conditions
Analysis of the Financial Markets : A Comprehensive Guide to Trading
by John J. Murphy
Ralph Acampora's Review:"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
Study Guide for Technical Analysis of the Financial Markets - This self-study manual with "Technical Analysis of the Financial Markets" is the best way to starting studying the technical analysis. This is, without doubt, the Bible! -Emilio Casati
Analysis Explained : The Successful Investor's Guide to Spotting
Trends and Turning Points
by Martin J. Pring
Review: The No. 1 guide on technical analysis has now been completely updated, revised, and reworked to integrate new developments in the financial markets over the last five years. It details the most current and sophisticated investment tools and techniques that help private investors and experienced professionals understand, interpret, and predict major market moves. What's more, the third edition focuses on new and emerging opportunities beyond the stock market by applying technical analysis techniques to international stock markets, gold, currencies, and commodities.
of a Stock Operator
by Edwin Lefevre
Review: A thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this book so valuable are the observations that Lefèvre records about investing, speculating, and the nature of the market itself
Trader's Almanac 2006 :
by Jeffrey A. Hirsch (Editor), Yale Hirsch (Editor) 34% off!
Trader's Almanac 2005: Now
by Jeffrey A. Hirsch (Editor), Yale Hirsch (Editor)
|Rather than going to a "Day Trading School", I'd advise reading one or more of the books from the list below like Abell's. IF you like what you read, then read the next two books used for one of the day trading schools. After reading these books, if you are still interested, then create a "pretend" trading account using Quicken or MS Money and practice what you have learned trading for six months to see how you do. If you have to cheat or lose your phantom stake, then don't quit your day job! This way, you might lose all your pretend money, but still have some fun!|
Wizards : Interviews With Top Traders
By Jack D. Schwager
Reviews: -Martin W. Zweig, "One of the most fascinating books ever written about Wall Street."
Leon: "AWESOME inspiration and a true treasure trove of information and tips. I take it everywhere I go, and re-read it as often as possible. I've read almost every book or article on the markets ever written since Bachelier's 1900 paper on random-walk theory, but this remains my personal favorite.
Day Trader's Advantage:
How to Move from One Winning Position to the Next
by Howard Abell: / Hardcover / Now 30% off / 256 pages
Synopsis: In this insightful book, master trader and advisor Howard Abell divulges his secrets for a successful trading strategy that takes into account both the real-time characteristics of dynamic markets and the psychology of its participants. His method teaches you how to keep your gains as well as make them.
to Get Started in Electronic Day Trading :
Everything You Need to Know to Play Wall Street's Hottest Game
by David Nassar (Afterword) : / Hardcover / Now 30% off / 224 pages
Very good book to teach methods and pitfalls of day trading. Author is careful to warn readers that day trading is not a get rich quick scheme but a skill that can be learned. Day Trading is not investing!
Electronic Day Trader
by Marc Friedfertig (Preface), George West (Preface) :
Hardcover / Now 30% off / 208 pages
The authors offer strategies that can help you become successful at this fast game of speculation and timing. The Electronic Day Trader is based upon the author's primer, Electronic Day Trading, used as a tutorial in their seminars.
Deflation: Strategies for Building Wealth in the Coming Wave of Deflation
A. Gary Shilling
Long Waves also called
Brian JL Berry
Stock Cycles : Why Stocks Won't Beat Money Markets over the Next Twenty Years
Michael A. Alexander
Streetwise Retirement Planning
Complete Idiot's Guide to Tax Breaks and Deductions
Complete Idiot's Guide to Social Security
Complete Idiot's Guide to the Federal Reserve
Motley Fool's Rule Breakers, Rule Makers : The Foolish Guide to Picking
By David Gardner & Tom Gardner
Review: Invest in the stock of one company that goes all the way from rule breaker to rule maker, and you get rich. The brothers Fool explain their strategy and what to look for to find the next Walmart and avoid Boston Chicken.
Motley Fool Investment Guide: How the Fools Beat Wall Street's Wise Men
and How You Can Too
By David Gardner & Tom Gardner
Review: Gardners tell you in a very simple and understandable way what the stock market is all about (it is more simple than you think) and how you can beat it. The book shows you how to pick good compnies, and have fun doing so
Never Too Late to Get Rich : The Secrets of Building a Nest Egg at Any
By Jim Jorgensen / Our Price: $8.80
Synopsis: The author of The Graying of America presents eight simple, effective ideas for starting a nest egg at any age and any income level, in addition to tips on mutual funds, avoiding debt, and saving on taxes. Simple and easy to follow for all levels.
Lessons for a Lifetime : Stories, Observations, and Tips on Living a
By Jim Jorgensen / Our Price: $13.27
Synopsis: A commonsense approach to financial planning and include such topics as mutual fund ratings, dividends, compounding, and asset allocation. Among Jorgensen's three dozen lessons are also straightforward explanations of life insurance, social security, and IRAs. Recommended for those who are looking for sound yet simple, basic financial advice.
Road to Wealth:
A Comprehensive Guide to Your Money--Everything You Need to Know in Good and Bad Times
by Suze Orman
Our Price: $20.97 You Save: $8.98 (30%)
Hardcover: 624 pages
|Publisher: Riverhead Books; ISBN: 1573221813; (July 23, 2001) . 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying by Suze Orman Our Price: $11.16 You Save: $2.79 (20%) Paperback: 338 pages ; Dimensions (in inches): 0.75 x 8.01 x 5.13 Publisher: Three Rivers Press; ISBN: 0609801864; 1st edition (December 15, 2000)|
|The Courage to Be Rich: Creating a Life of Material and Spiritual Abundance by Suze Orman List Price: $24.95 Our Price: $17.47 You Save: $7.48 (30%) Hardcover: 370 pages ; Dimensions (in inches): 1.31 x 9.32 x 6.36 Publisher: Riverhead Books; ISBN: 1573221252; (March 8, 1999)|
Dancing Wu Li Masters
by Gary Zukav (Introduction), David Finkelstein (1980) PaperbackAudio Cassette
Review One of my favorite physics books for those with little background in physics. "The Bible" for those who are curious about the mind-expanding discoveries of advanced physics, but who have no scientific background. Like a Wu Li Master who would teach us wonder for the falling petal before speaking of gravity, Zukav writes in beautifully clear language--with no mathematical equations--opening our minds to the exciting new theories that are beginning to embrace the ultimate nature of our universe...Quantum mechanics, relativity, and beyond.
God Part of the Brain
By Mathew Alper / Paperback / Published Dec 1998 ~ Price: $11.95
Review Mr. Alper has written an extremely readable comprehensive analysis of the physiological basis of religiosity. This work is comparable to Freud's "Future of an Illusion" in its contribution to the continuing maturation of the human mind. I am using "The God Part of the Brain" in a "Sociology of Religion" course at New Jersey City University with remarkable results.
by Andrew Morton: Only $14.97 Hardcover - 288 pages - 1st Us Ed edition (March 1999)
Review Monica was compelled to answer the grand jury's questions, but it was to Andrew Morton that she unfolded the whole story of her experiences before, during, and after the White House scandal. The result is a candid, intimate biography of a young woman whose life holds some surprising secrets-- whose public image is very different from the private truths revealed in these pages..
Trillionaire Next Door: The Greedy Investor's Guide to Day Trading
by Andy Borowitz List Price: $20.00 Our Price: $14.00 Hardcover - 112 pages (May 16, 2000)
When Getting Rich Quick Just Isn't Fast Enough! Many day trading books on the market today contain dubious advice, but never before has there been a book guaranteed to contain 100 percent dubious advice--until now. Inside you'll find: The rock-solid, scientific principles of day trading explained in language so clear and concise it's almost insulting. A glossary of key economic terms for the day trader, like "mousepad" and "click"
Worst-Case Scenario Survival Handbook
by Joshua Piven (Preface), David Borgenicht (Preface)
* How to Escape from Quicksand * How to Break Down a Door * How to Ram a Car * How to Escape from a Sinking Car * How to Fend Off a Shark * How to Escape from a Mountain Lion * How to Deal with a Charging Bull * How to Win a Sword Fight * How to Escape from Killer Bees * How to Jump from a Moving Car * How to Leap from a Motorcycle to a Car * How to Perform a Tracheotomy * How to Identify a Bomb * How to Deliver a Baby in a Taxicab * How to Treat a Bullet or Knife Wound * How to Land a Plane * How to Survive if your Parachute Fails to Open
BOOKS ON TAPE (great for Commuting!)
Cassettes (Product Code:C-10029)
Dr. Andrew S. Grove (Intel CEO) / / Published 1991
Misc Paperback Books: