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    *

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    *

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    *****

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.

From this list, numbers 23, 24, 32, 35, 38 and 40 are among my favorites.  Begin with #38 and follow it with #35.  Reading these two books will save you a lot of investment mistakes.  Number 17 is a must if you are starting to invest within an investment club.  Numbers 8 (may be difficult to find) and 20 are excellent beginning books for mutual fund investors.  Number 26 is just a lot of fun to read for pleasure.