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10 Important Books To Make You A Better Investor In 2017
Whether you are looking to spend a holiday gift card or your New Year’s Resolution is to read more, there is rarely a better value in the world than a good book. The books below combine centuries worth of experience and knowledge that make for an extremely high return on investment.
Short Reads For Beginners
These authors each penned one of “The Classics” below, but they join forces to provide one of my favorite short reads on investing and saving. Perfect for readers of all ages and experience levels.
Jack Bogle, the father of the index fund, helped revolutionize investing. Bogle has written many books, but this relatively short one contains a lifetime of wisdom.
A must own for serious investors, Burton Malkiel explains the difficulty of predicting stock prices, but also focuses on aspects of investing at different stages of life.
This book is a classic and should be required reading for investors of all levels. With markets seemingly getting more unpredictable by the day, this book helps you avoid common traps and raise your probability for success.
Daniel Kahneman won the 2002 Nobel Prize in Economic Sciences for his work in behavioral finance. There are countless lessons applicable to investing, but this will also transform the way you think about choices we make in business and our personal lives.
This book is a slam dunk for a sports fan, but extremely useful to all investors. We quickly attribute our successes to skill, but luck plays a far greater role than most people realize. Mauboussin provides framework for identifying skill versus luck and makes concrete suggestions for using this knowledge to your advantage.
Peter Bernstein explores the history of money through the lens of financial risk, beginning in ancient times and into the modern world of portfolio theory. Bernstein does an excellent job explaining the underlying mathematics in simple terms, making this book very informative and relevant to practitioners.
Serious investors will find Nassim Taleb’s stories to be highly insightful. Using a combination of his own experiences as well as stories of others’ successes and failures, Taleb helps us better understand the role of chance in the world around us.
Investment Books That Will Make You Laugh
Funny and easy read. Jason Zweig, known by most for his columns in The Wall Street Journal, is one of the best writers around. This book is relevant for anyone that has been exposed to the investment industry as an employee or customer.
The title is based on the story of a man admiring the yachts of New York bankers and brokers, but then wonders: where are the customers’ yachts? This book was written in the 1940’s, but still portrays many truths about the business of Wall Street.
Peter Lazaroff is the Director of Investment Research at Plancorp. With $3.03 billion in AUM (12/31/15), Plancorp gets your entire financial house in order by engaging in comprehensive financial planning.
courtesy of Forbes