The Elements of Investing

Burton G. Malkiel, Charles D. Ellis, The Elements of Investing, Wiley, 2009 The core of investing fundamentals all investors should know and follow for long-term success. Time-tested facts and insight. Every beginning investor should read this book. In fact, seasoned investors should read this book!

A Random Walk Down Wall Street

Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2019 In this book, Mr. Malkiel explains that the market is highly efficient, and no one can accurately predict its ups and downs; it’s a “random walk”. So, the best approach is passive, “buy and hold” investing using diversified index funds held long term. I recommend this …

The Four Pillars of Investing

William J. Bernstein, The Four Pillars of Investing, McGraw-Hill, 2002 In short, Bernstein advocates wide diversification through a portfolio of passively managed index funds in different asset classes, and buy-and-hold for the long term. Dr. Bernstein introduces readers to four basic concepts, or what he terms the four pillars of investing: the theory, history, psychology, and business of investing.

The Little Book of Common Sense Investing

John C. Bogle, The Little Book of Common Sense Investing, Wiley, 2007 Bogle’s main point is that the best (most efficient) investment strategy is to buy and hold all publicly traded US businesses at a low cost. He recommends this very simple approach as a superior alternative to today’s incredibly complex array of active investment options. He describes this as …

The Intelligent Investor

Benjamin Graham, The Intelligent Investor, Harper and Brothers, 1949 Make no mistake, this is not one of those “How to beat the market” books. It’s pretty much a textbook, with graphs and charts and long complicated financial terms that you need to study as seriously as you studied for your college final exams if you’re really going to get anything …