Investment Books

Below are some books on investing that I find insightful. If you are just starting out, the first two books that I would read are The Little Book of Common Sense Investing by John Bogle and Winning the Loser’s Game: Timeless Strategies for Successful Investing by Charles Ellis.

When you want to research a particular topic more deeply, here are some great books on investing:

• Black, Fischer, and Robert Litterman. “Global Portfolio Optimization.” Financial Analysts Journal,1992.
• Bogle, John C. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. New York, John Wiley, 2010.
• Bogle, John C. Enough: True Measures of Money, Business, and Life. New York, John Wiley, 2010.
• Edleson, Michael E. Value Averaging: The Safe and Easy Strategy for Higher Investment Returns. Chicago: International Pub., 1991.
• Ellis, Charles D. Winning the Loser’s Game: Timeless Strategies for Successful Investing. New York: McGraw-Hill, 2017.
• Klarman, Seth. Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor. HarperCollins, 1991.
• Graham, Benjamin. The Intelligent Investor: the Definitive Book on Value Investing. New York, Harper, 2006.
• Graham, Benjamin, and David L. Dodd. Security Analysis. New York, McGraw-Hill, 1996.
• Malkiel, Burton Gordon. A Random Walk down Wall Street: the Time-Tested Strategy for Successful Investing. New York, W.W. Norton, 2015.
• Malkiel, Burton Gordon., and Charles D. Ellis. The Elements of Investing: Easy Lessons for Every Investor. Hoboken, NJ: John Wiley & Son, 2013.
• Sharpe, William F. “Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk.” The Journal of Finance 19.3 (1964).
• Shiller, Robert J. Irrational Exuberance. Princeton, NJ, Princeton University Press, 2000.
• Siegel, Jeremy J. Stocks for the Long Run 5/e: the Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. New York, McGraw-Hill, 2014.
• Swedroe, Larry. The Only Guide to a Winning Investment Strategy You’ll Ever Need. St. Martin’s Press. 2005.
• Swensen, David F. Pioneering Portfolio Management: an Unconventional Approach to Institutional Investment. New York, Free Press, 2009.
• Swensen, David F. Unconventional Success: a Fundamental Approach to Personal Investment. New York, Free Press, 2005.

Investment Websites

Additionally, here are some websites that I find valuable:

• Berkshire Hathaway Annual Reports
• Bogleheads Wiki
• Fidelity Mutual Fund Research
• Marketwatch’s Lazy Portfolios
• Portfolio Visualizer
• Vanguard Blog

Data Sources

• Center for Research in Security Prices
• Kenneth R. French – Data Library
• MSCI Indexes (Country Returns)
• Robert Shiller – Online Data

Updated on January 23rd, 2019