Recommended Reading List
Asset Allocator by William
discussion of what matters in investing, with
emphasis on constructing a well-balanced portfolio
using index funds. As an aside, Bill Bernstein is a
practicing neurologist in Oregon AND co-founder
of a large fee-only investment firm ($25
Curse: Paradoxes and Anomalies of Economic
Life by Richard Thaler
A survey of the relatively new field of
behavioral finance, which is the study of why
people make the financial decisions they do.
Shows that it's very easy to fall into mental
traps that cause bad decision making.
Randomness: The Hidden Role of Chance in
Markets and in Life by Nassim
The message in this fascinating book is that
it's very easy to confuse luck with skill in
many arenas, including the financial arena, and
doing so can be a very costly mistake.
Gods: The Remarkable Story of
Risk by Peter Bernstein
An interesting (at least I thought so!)
history of the concept of risk going back to
Investor by Benjamin
Ben Graham was Warren Buffet's early mentor.
More than anything else, this book is about
applying rationality to making investment
Next Door by Thomas
An entertaining book about who are the
millionaires in this country. Generally not who
most people think.
by Steven Levitt and Stephen Dubner
NY Times bestseller for over a year now. Very
interesting and entertaining look at many
questions not typically thought of as economics
related: What ads work in the online dating
environment? If drug dealers make so much
money, why do most of them live at home with
their mothers? Which is more dangerous, having
a gun or swimming pool? And many more. Great
read. Highly recommended.