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| The Wall Street Journal Guide to Understanding Money & Investing |
| By Kenneth M. Morris, Virginia B. Morris, Alan M. Siegel |
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| This book is a great place for beginning investors to start. Don't be fooled by its
cartoon like appearance—there's a ton of information here. The heavily illustrated
text walks you through the history of money, stocks, bonds, mutual funds, and
options. If you're looking for a quick answer to an investing question, this is
probably the best place to find it. |
| Purchase this book from Amazon.com |
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| The Only Investment Guide You'll Ever Need
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| By Andrew Tobias |
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| Extremely funny and informative, this book is an excellent read and highly
recommended for new investors. Tobias is the only financial writer ever to
describe in detail the advantages of "being long on vanilla cookies and tissue
paper." First published in 1978, this book has been updated several times and
was expanded to include new material in 1999. It has lots of amusing stories
and examples--and only one graph! |
| > Purchase this book from Amazon.com |
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| Mutual Funds for Dummies
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| By Eric Tyson |
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| Tyson, the author of Personal Finance for Dummies, turns his attention to mutual funds and does a fine job of it. Although the book's target audience is novice investors, the detailed information it provides on topics such as taxes and selecting a financial advisor would be valuable to just about any investor.
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| > Purchase this book from Amazon.com |
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| The New Commonsense Guide to
Mutual Funds |
| By Mary Rowland
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| This pocket-size book is a great resource for any mutual-fund investor, regardless of his or her knowledge of the markets or the mutual-fund business. The book starts off with a lengthy list of do's and don'ts that help provide a foundation for smart fund investing. It also features a nuts-and-bolts section on how mutual funds work and even a handy risk-tolerance quiz.
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| > Purchase this book from Amazon.com |
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| Bogle on Mutual Funds:
New Perspectives for the
Intelligent Investor |
| By John C. Bogle |
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| Bogle, founder of the Vanguard group of mutual funds, makes his usual case for low costs and indexing. But there's a whole lot more than that in this 300-page book. Bogle walks the reader through the risks and rewards of investing and the ins and outs of mutual funds. The chapter on taxes and mutual funds gives the lowdown on a subject that is all too often glossed over. A worthwhile read even if you're dead set on active management.
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| > Purchase this book from Amazon.com |
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| A Random Walk Down Wall Street:
Including a Life-Cycle Guide
to Personal Investing |
| By Burton G. Malkiel |
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| "Even a dart-throwing chimpanzee can select a portfolio that performs as well as one carefully selected by the experts." So says Malkiel, a cautious believer in the idea that any information that might affect a stock is immediately reflected in its price--a notion known as the efficient-market theory. Malkiel also gives detailed yet easy-to-understand lessons on other theories of how the market works, as well as on different methods used to value stocks, including fundamental and technical analysis and modern portfolio theory. The book includes a history of the stock market from the 1960s to the present day. A good catchall book for the fairly serious individual investor.
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| > Purchase this book from Amazon.com |
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| Security Analysis
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| By Benjamin Graham and David Dodd
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| Graham and Dodd essentially invented financial analysis for investing in stocks more than 60 years ago. This groundbreaking 1934 book introduced such concepts as intrinsic value and margin of safety. The reissue has been updated to reflect changes on the investment landscape, such as the introduction of new tax laws and various accounting rules. The heart of the book, however, remains the same: an explanation of how to analyze and value a company and its stock. Definitely not for beginners, but a must-read for the serious stock investor.
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| > Purchase this book from Amazon.com |
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| Common Stocks and Uncommon Profits and Other Writings |
| By Philip A. Fisher |
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| This classic investment book is actually a collection of three of Fisher's works, but the heart of the book lies in its title piece. It contains the famous "Fifteen Points to Look for in a Common Stock," a timeless set of tips for making informed investment decisions, particularly when choosing growth stocks. Fisher also runs through 10 don'ts for investors and why each is a no-no.
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| > Purchase this book from Amazon.com |
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| Buffett: The Making of an
American Capitalist |
| By Roger Lowenstein
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| Warren Buffett is one the most successful investors ever. His staggering success comes not from rapidly trading in and out of risky, aggressive-growth stocks but from buying shares of a few solid companies at a discount--a strategy most individual stock investors would do well to imitate . Lowenstein traces Buffett's life from childhood to the present day, including details about the investments that have made his Berkshire Hathaway partnership such a success. |
| Purchase this book from Amazon.com |
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| Berkshire Hathaway Letters to Shareholders |
| By Warren Buffett |
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| Get it straight from the horse's mouth. In the letters that accompany Berkshire Hathaway's annual reports, Buffett dispenses accounting and investing lessons with ease. Why did Buffett buy GEICO? What are his thoughts on value versus growth investing? What's the difference between the breakfast-cereal industry and the insurance industry? It's all here. Best of all, the price is right: 20 years' worth of annual letters can be read for free at www.berkshirehathaway.com Or if you prefer, softbound editions of these letters can be ordered directly from Berkshire Hathaway.
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| Berkshire Hathaway Share Holder Letters Index
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