Knowledge is power

Here is a selection of books on finance and investing for your reference. If you haven’t already, we trust you will enjoy learning from them.

The Intelligent Investor, by Benjamin Graham, the philosophy of value investing originally published in 1949

Security Analysis, by Benjamin Graham and David L. Dodd, first published in 1934

The Essays of Warren Buffett: Lessons for Corporate America, by Lawrence A. Cunningham, professor of law at George Washington University Law School

The Warren Buffett Way, by Robert Hagstrom

One Up On Wall Street: How To Use What You Already Know To Make Money In The Market, by Peter Lynch, portfolio manager of the Fidelity Magellan Fund which was the best performing fund in the world under his leadership from 1977-1990

The Little Book of Common Sense Investing, by John C. Bogle, father of the retail index mutual fund and founder of The Vanguard Group

Common Stocks and Uncommon Profits and other writings, by Philip Fisher, first published in 1958

A Random Walk Down Wall Street: The time-tested strategy for successful investing, by Burton G. Malkiel, professor of economics at Princeton University

Winning the Loser’s Game: Timeless Strategies for Successful Investing, by the investment consultant Charles D. Ellis with economist Burton G. Malkiel

Navigate the Noise: Investing in the new age of media and hype, by Richard Bernstein, a sharp quantitative analyst, award-winning researcher, and ex-Merrill Lynch colleague

The Four Pillars of Investing: Lessons for Building a Winning Portfolio, and The Delusions of Crowds, by William J. Bernstein, co-founder of Efficient Frontiers Advisors

Unconventional Success: A Fundamental Approach to Personal Investment, by David F. Swensen, Chief Investment Officer of Yale University’s endowment

How to Make Money in Stocks, by William J. O’Neil, founder of Investor’s Business Daily

The Little Book that Still Beats the Market, by Joel Greenblatt, the founder and a managing partner of Gotham Capital

The Psychology of Money: Timeless lessons on wealth, greed, and happiness, by Morgan Housel, partner at The Collaborative Fund and former columnist for The Wall Street Journal

Fooled by Randomness, as well as Black Swan, by Nassim Nicholas Taleb

The Most Important Thing, by Howard Marks, chairman and co-founder of Oaktree Capital Management

Contrarian Investment Strategies: The Psychological Edge, by David Dreman, founder and chairman of Dreman Value Management

Poor Charlie’s Almanack, by Charlie Munger, long-time business partner of Warren Buffett

Margin of Safety, by Seth Klarman, founder and portfolio manager of hedge fund The Baupost Group

The Only Guide to a Winning Investment Strategy You Will Ever Need: The Way Smart Money Invests Today, by Larry Swedroe of Buckingham Strategic Wealth

Misbehaving: The Making of Behavioral Economics, by Richard H. Thaler, Nobel laureate in economics

Dealing With Financial Risk, by David Shirreff, editor of the Economist magazine

The New Finance: Overreaction, Complexity, and Uniqueness, by Robert A. Haugen

Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World, by Winthrop H. Smith, a friend and respected ex-colleague at Merrill Lynch

The Number Bias: How numbers lead and mislead us, by Sanne Blauw

What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and Its Unintended Consequences, by Steven G. Mandis, a dear friend, insightful writer, and seasoned investor

Influence: The Psychology of Persuasion, by Robert Cialdini

The Expectation Effect: How Your Mindset Can Transform Your Life, by David Robson

The Art of War, by Sun Tsu, a Chinese general and military strategist from the fifth century before the Christian Era

Thinking, Fast and Slow, by Daniel Kahneman, who won the 2002 Nobel Prize in economics for his decision-making work with Amos Tversky

Zero Debt: The Ultimate Guide to Financial Freedom, by Lynnette Khalfani-Cox, The Money Coach, a personal finance expert

The Total Money Makeover: A Proven Plan for Financial Fitness, by Dave Ramsey, a personal finance expert and host of The Dave Ramsey Show

Wooden: A Lifetime of Observations and Reflections On and Off the Court, by Coach John Wooden (which I received as a gift from my mentor in this business, Jorge A. Carreras)

Reminiscences of a Stock Operator, by Edwin Lefèvre, written in 1923

The Economist Pocket World in Figures, annual edition, by the Economist magazine


Did you also benefit from some of the books listed here? Please let us know if you have a favorite book on finance and investing. We love hearing about newer or older books, research reports, and articles that you find useful and interesting. Keep in touch!