If you’re looking for gifts this holiday season, here are my suggestions for the books every investor should own.
If you’re looking to read and learn, you need books that have stood the test of time. These few will, I believe, still be indispensable decades from now.
I’ve read every one of them from cover to cover, often more than once. (Some aren’t about investing, but I’ve included them because they will help you make better financial decisions.) In alphabetical order:
Gary Belsky and Tom Gilovich explain why smart people do such stupid things with money
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Daniel Kahneman explains how people make decisions (disclosure: I helped Prof. Kahneman research, write and edit the book but don’t receive royalties from it)
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Fred Schwed Jr.’s masterpiece is not only the funniest book ever written about Wall Street but one of the wisest (disclosure: I wrote the foreword, but don’t receive royalties from it)
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Investing columnist for @WSJ. Editor, Benjamin Graham's *The Intelligent Investor.* Author, *Your Money and Your Brain* and *The Devil's Financial Dictionary.*