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Jason Zweig

Jason Zweig
@jasonzweigwsj

Nov 25, 2022
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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 amzn.to/3GFROkz
Why Smart People Make Big Money Mistakes... and How to Correct Them
amzn.to/3GFROkz
Why Smart People Make Big Money Mistakes... and How to Correct Them
Peter Bernstein brilliantly chronicles the history and meaning of risk amzn.to/3V4X0CS
Against the Gods: The Remarkable Story of Risk
amzn.to/3V4X0CS
Against the Gods: The Remarkable Story of Risk
William J. Bernstein summarizes all you need to know amazon.com/Four-Pillars-I
The Four Pillars of Investing: Lessons for Building a Winning Portfolio
amazon.com/Four-Pillars-I…
The Four Pillars of Investing: Lessons for Building a Winning Portfolio
Jack Bogle offers a reliable road map to investing (not just in mutual funds!) amzn.to/3u1VFRa
Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition
amzn.to/3u1VFRa
Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition
Edward Chancellor illuminates the history of booms and busts (pair it with Kindleberger, below) amzn.to/3V2pyNe
Devil Take the Hindmost: A History of Financial Speculation
amzn.to/3V2pyNe
Devil Take the Hindmost: A History of Financial Speculation
Elroy Dimson, Paul Marsh and Mike Staunton document and analyze long-term asset returns. (For serious investors only.) amzn.to/3gAW4qY
Triumph of the Optimists: 101 Years of Global Investment Returns
amzn.to/3gAW4qY
Triumph of the Optimists: 101 Years of Global Investment Returns
Richard Feynman gives master classes on critical thinking amzn.to/3EYC22M amzn.to/3tXuE1m
"What Do You Care What Other People Think?": Further Adventures of a Curious Character
amzn.to/3tXuE1m
"What Do You Care What Other People Think?": Further Adventures of a Curious Character
“Adam Smith” (George J.W. Goodman) punctures Wall Street’s pretensions amzn.to/3OCPdtK
The Money Game
amzn.to/3OCPdtK
The Money Game
Morgan Housel shows how to think about money and wealth amzn.to/3EDtn4u
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
amzn.to/3EDtn4u
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Darrell Huff will make you a little smarter in only a couple of hours amzn.to/3VpTov6
How to Lie with Statistics
amzn.to/3VpTov6
How to Lie with Statistics
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) amzn.to/3OAMAZb
Thinking, Fast and Slow
amzn.to/3OAMAZb
Thinking, Fast and Slow
Charles Kindleberger describes how and why markets go to extremes (pair it with Chancellor, above) amzn.to/3tUvdck
This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the...
amzn.to/3tUvdck
Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition
Roger Lowenstein spells out what makes Warren Buffett such a paragon of business amzn.to/3GEVV0h
Buffett: The Making of an American Capitalist
amzn.to/3GEVV0h
Buffett: The Making of an American Capitalist
Burt Malkiel explains how markets work amzn.to/3gEOPxY
A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy (Thirteenth)
amzn.to/3gEOPxY
A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy (Thirteenth)
Bertrand Russell shows how to separate sense from nonsense amzn.to/3VbGn8M amzn.to/2oTgUFL
The Scientific Outlook (Routledge Classics)
amzn.to/2oTgUFL
The Scientific Outlook (Routledge Classics)
Alice Schroeder delves deep into Warren Buffett’s mind and motivations amzn.to/3XwJj0W
The Snowball: Warren Buffett and the Business of Life
amzn.to/3XwJj0W
The Snowball: Warren Buffett and the Business of Life
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) amzn.to/3tTDHR4
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
amzn.to/3tTDHR4
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
Finally, I’ll list some books I *do* earn royalties on, without further comment. You can make up your own mind about them.
amzn.to/3XtYxnD
The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
amzn.to/3XtYxnD
The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
amzn.to/3AIZWwS
Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich
amzn.to/3AIZWwS
Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich
amzn.to/3XtYIiN
The Devil's Financial Dictionary
amzn.to/3XtYIiN
The Devil's Financial Dictionary
amzn.to/3XrX557
The Little Book of Safe Money: How to Conquer Killer Markets, Con Artists, and Yourself
amzn.to/3XrX557
The Little Book of Safe Money: How to Conquer Killer Markets, Con Artists, and Yourself
I’ve provided some additional commentary on classic investing and personal-finance books here: jasonzweig.com/best-books-for jasonzweig.com/five-books/ jasonzweig.com/do-you-know-th jasonzweig.com/what-i-read-an Happy giving, and happy reading!
A select reading list for long-term investors who want to tune out the noise.
jasonzweig.com/what-i-read-an…
What I Read, and Why
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Jason Zweig

Jason Zweig

@jasonzweigwsj
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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