Jane’s Book Club
The Four Pillars of Investing: Lessons for Building a Winning Portfolio, by William J. Bernstein, co-founder of Efficient Frontiers Advisors.
Common Sense on Mutual Funds, by John Bogle, father of the retail index mutual fund and founder of The Vanguard Group. Bogle presents proof positive that indexing is the only reliable money-making strategy for long-term investors.
Winning the Loser’s Game: Timeless Strategies for Successful Investing, by the investment consultant, Charles Ellis. Indexing and asset allocation, done right.
A Random Walk Down Wall Street, by Burton Malkiel, professor of economics at Princeton University. Did you think you could predict the market? Not.
The Great Depression: A Diary, by Benjamin Roth. This Youngstown, Ohio, lawyer and Hoover supporter kept notes of collapsing business conditions in his down during the 1930s. He studies the market, mourns about stocks he can’t afford to buy, and keeps waiting for inflation–which never comes.
Where Are the Customers’ Yachts? , by stockbroker Fred Schwed and with drawings by famed cartoonist, Peter Arno. This hilarious and timeless book from 1940 shows up Wall Street’s “quote-and-fib” business as it always was, and will always be. Customers, beware.
The Only Guide to a Winning Investment Strategy You Will Ever Need: The Way Smart Money Invests Today, by Larry Swedroe of Buckingham Asset Management. Indexing, again. There’s zero proof that managers can beat the market, so why do you pay them to miss?
Unconventional Success: A Fundamental Approach to Personal Investment, by David Swensen, manager of Yale University’s endowment. He’s horrified by the high fees and poor products offered to individual consumers and suggests a better way.
