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Jason Zweig

Jason Zweig

Nov 25
26 tweets

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
Peter Bernstein brilliantly chronicles the history and meaning of risk
William J. Bernstein summarizes all you need to know…
Jack Bogle offers a reliable road map to investing (not just in mutual funds!)
Edward Chancellor illuminates the history of booms and busts (pair it with Kindleberger, below)
Elroy Dimson, Paul Marsh and Mike Staunton document and analyze long-term asset returns. (For serious investors only.)
Richard Feynman gives master classes on critical thinking
“Adam Smith” (George J.W. Goodman) punctures Wall Street’s pretensions
Morgan Housel shows how to think about money and wealth
Darrell Huff will make you a little smarter in only a couple of hours
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)
Charles Kindleberger describes how and why markets go to extremes (pair it with Chancellor, above)
Roger Lowenstein spells out what makes Warren Buffett such a paragon of business
Burt Malkiel explains how markets work
Bertrand Russell shows how to separate sense from nonsense
Alice Schroeder delves deep into Warren Buffett’s mind and motivations
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)
Finally, I’ll list some books I *do* earn royalties on, without further comment. You can make up your own mind about them.
I’ve provided some additional commentary on classic investing and personal-finance books here:……… Happy giving, and happy reading!
Jason Zweig

Jason Zweig

Investing columnist for @WSJ. Editor, Benjamin Graham's *The Intelligent Investor.* Author, *Your Money and Your Brain* and *The Devil's Financial Dictionary.*
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