This is a blog about the best books on investing for individual investors. Some of the books we will be exploring are: The Art of Speculation by Philip Carret, The Nature of Risk, Stock Market Survival and the Meaning of Life, by Justin Mamis, How to Buy Stocks by Louis Engel, The Intelligent Investor by Benjamin Graham, The Money Game by Adam Smith, Common Stocks and Uncommon Profits by Philip Fisher, A Random Walk Down Wall Street by Burton Malkiel, Warren Buffett’s Letters to Berkshire Hathaway shareholders and many others. With the help of these books, regardless of your age, gender, race, education or annual income, you can learn to invest your hard earned money and save the fees and costs that would otherwise reduce your investment returns in the stock market over time.
Those folks selling mutual funds justify their fees and charges by saying, "It's only 1% a year." That is true, but if you pay that seemingly small percentage every year over, say, a 30 year period, it sounds to me like you may have ultimately paid a cumulative 30% of your initial investment to have someone else do what you can do yourself. The fund operators are entitled to compensation, but there is a way to keep those dollars for you. You will learn from these books that it is not that hard to match, if not beat, average market returns, something a significant percentage of mutual funds fail to do each year.
If you have the time and desire, you can learn what the Wall Street folks know (or claim to know) and save those dollars for yourself. The books you will learn about will help you invest with lower costs and fees. In effect, by investing on your own, you “earn” that extra money which would otherwise go into someone else’s pocket.
Your time is valuable, so you will not be burdened with page after page of material. Rather, the posts will include short excerpts from the books and my commentary. If longer passages from a book are appropriate, they will be broken into blog size amounts over more than one post.
If you enjoy sections from a featured book, you can click the Amazon button on this site and order it. The small compensation paid by Amazon will help to defray the expenses for hosting of the blog site and reprint permission fees for some of the books. The amount paid to the site does not increase the amount you would pay for the book if you went to Amazon directly.
New material will be posted on Mondays every week so please check back. There are three areas an individual investor needs to know about in order to succeed in the market. The books will provide you with information about investor psychology (learning about your inner investor), the way markets function (in the past and today) and how to formulate a method of investing that will work for you (it is different for each individual). We will learn from books covering all three areas in upcoming blogs.
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