Money for Something will teach you the basics of investing. It takes about an hour to read, and when you’re finished, you’ll have a solid foundation, and be itching to start investing. When you’re ready to learn more, the following books may be of value.
Over a decade of research revealed some eye-opening data about who are the millionaires among us. Although this book isn’t about investing, it reveals the personal characteristics you’ll want to adopt to give you the best chances possible to become wealthy through investing, and keep it.
Burton G. Malkiel
Burton Malkiel is a professor of economics at Princton University, and a leading finance author. The Random Walk Guide to Investing is a simplified version of his more in-depth book, A Random Walk Down Wall Street. If I could only recommend one book, it would be this one.
John C. Bogle
John Bogle is the founder and retired CEO of The Vanguard Group, and the pioneer of passive, index investing. The Little Book of Common Sense Investing is a small book, packed full of sensible advise on investing.
William J. Bernstein
William Bernstein is financial theorist known for his research in the field of modern portfolio theory. He’s also a leading finance author, whose in-depth books we recommend below. The Investor’s Manifesto was his approachable primer to investing.
William J. Bernstein
Bernstein’s latest, and perhaps my favorite, book about asset allocation. Continuing the theme of his “Investing for Adults” series, this full-length finance title is not for beginners, but rather assumes a fair degree of quantitative ability and finance knowledge.
What I do
If you’re interested in learning more about the particular asset allocation in which I invest myself, read these two books.
The late Harry Browne designed one of the simplest, yet profoundly sophisticated asset allocations, based on the four states of the economy. This book is a masterpiece.
Craig Rowland & Mike Lawson
This 2012 book extends on Harry Browne’s classic, with information about the modern implementation of the Permanent Portfolio, and even delves into extended topics relevant to international investors, and foreign gold holdings.