1. A Gift to My Children by Jim Rogers
A brilliant mix of fatherly advice, investing logic and contrarian concepts all mixed into one great publication. Please note that psychology comprises a reasonable portion of most of this author’s books, but it’s a great addition to this easy read. I like this book so much that I have given away several copies (along with book number 2 below) to friends and family.
2.Money and Marriage by Matt Bell
As mentioned above, I have given away SEVERAL copies of this book to friends and family. It appears to me that young people are often so excited by the emotions of getting married that they don’t have many of the “important” conversations before tying the knot. I’m not saying money is the end-all-be-all, but it is an important part of any modern partnership. This book helps start a conversation about many of the great marriage talking points, as they pretain to finance. Should be a must read for newlyweds and those about to be married.
3. Rich Dad Poor Dad by Robert Kiyosaki
I’m sure by now we’ve all read this book by Robert Kiyosaki. It was THE finance book 15 years ago. While I take issue with many aspects of this author’s books, I can’t fault the central concept of this book. The idea is to “buy assets, not liabilities”. That great concept is laid out in a nearly childlike way in this book. It’s easily understood by any adult, and most children.
4.The Little Book of Common Sense Investing by John Bogle
In this simple classic, author John Bogle shares with readers his lifetime of investing knowledge and research. Spoiler alert, “you get what you don’t pay for”. It is likely a central tome for the most fervent index investors. Some of the material is presented in a dry way, but the message is clear and concise. Every mutual fund investor should read this book……FIRST.
5.The Little Book of Value Investing by Christopher Browne
This book isn’t as well known as the other books on this page, but it’s a solid read. Several of the “Little Book” series are good, but this one is a cut above. In it, the author explains value investing and why it tends to outperform over long periods of time. Additionally, this volume is spiced up a bit with the various tweaks and flavors of value investing. Are you meant to be a investor? This book might just help you find out
6.The Warren Buffett Way by Robert Hagstrom
There have been dozens, or including other languages perhaps hundreds, of books written about Warren Buffett over the past 30 years. That’s just what happens when you’re an investing superstar. Anyway, this is one of the lesser known books…..but I found it extremely solid. Ever wonder about those “one foot hurdles” Buffett often speaks of, or how to find them? Read this underrated classic and you might just understand.
7.The Ten Roads to Riches by Ken Fisher
Ken Fisher is my absolute favorite Forbes Magazine columnist, and a pretty darn good author once you overcome his arrogance. This book approaches investing from a different direction. Most authors try (inadvertently or otherwise) to convince the reader that their investing style is THE ONLY WAY to invest. Instead, this author lays out several approaches and discusses the merits of each. Regular readers on this site know that we are all about finding the investments (or investing style) that is right for your. This book may just help you do that.
8.The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike, Jr
This book is a more recent addition to this list. Many investors, particularly those fascinated with Warren Buffett and Charlie Munger have read this book since it was released in three years ago. Truth be told, it’s one of a handful of books I’ve ever heard Warren Buffett endorse, but there it was in Warren Buffett’s 2012 annual letter to shareholders. “#1 on Warren Buffett’s recommended reading list.” I personally thought the book was both very well written and presented the material logically. When I first read the book, I devoured it in less than 2 days……and then went online and bought myself a copy.
9. The Most Important Thing by Howard Marks
If you’re a deep value, or especially a distressed debt, investor you certainly know this author. If you’re not, he’s worth looking up. A legend in the field, and much more humble and nerdish than many of his peers, Howard Marks is one of the few TV guests I’ll actually tune in for. He approaches investment with the same rational mentality of Warren Buffett, James Grant, and Jim Rogers…….but isn’t as well known. This book is a series of lessons we can all benefit from learning.
10.The Dhandho Investor by Mohnish Pabrai
Looking for a different way to look at value investing, then this might be the book for you. Mr. Pabrai is very open about how he imitates the greats like Warren Buffett, but with his own twist. With this book he brings and engineers clarity to value investing, and provides several free sources of information that the reader can utilize in their own investing journey. He also teaches his concepts through some interesting story telling about his own ethnic group, and relates those lessons to famous entrepreneurs like Richard Branson and Bill Gates.
So regular readers know that I personally have three passions outside of my family. Those passions are investing, travel, and writing. In the three books below, Jim Rogers embodies all three of those passions. These two books chronicle the author’s two trips around the world. First on a motorcycle, in Investment Biker, and by car a decade later (Adventure Capitalist). The stories and reasoning keep me riveted each time I pick them up. Give yourself free weekend because these two are all but impossible to put down (if you’re anything like me).
Adventure Capitalist by Jim Rogers
Investment Biker by Jim Rogers
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