Investing, Markets, & Finance: A Comprehensive Reading List 

For those who desire to acquire an introduction to investing, markets and finance, or wish to expand their macroeconomic and market knowledge, continue on for a comprehensive reading list. In addition to our full comprehensive list, some of our favorite recommendations from our Beacon Pointe Summer Educational SeriesFoundations of Finance are listed below.

One Up On Wall Street - How to Use What You Already Know to Make Money in the Market

The Intelligent Investor - The Definitive Book On Value Investing

Against The Gods - The Remarkable Story of Risk

Skin in the Game - Hidden Asymmetries in Daily Life

The Wall Street Journal - Guide to Understanding Money & Investing

The Black Swan - The Impact of the Highly Improbable

Conspiracy of Fools - Behind Thick Corporate Walls, In the Shadows of Wall Street, Along the Corridors of Political Power, A Scandal is Brewing...

The Most Important Thing - Uncommon Sense for the Thoughtful Investor

The Big Short - Inside The Doomsday Machine

Reading Key Corresponds with Recommended Reads Below:

  • GREEN = accessible
  • ORANGE = intermediate
  • GREY = advanced

***

Investment Strategy, Macroeconomics, Game Theory and Uncertainty:

  • Ellis, Charles, “Classics, An Investor’s Anthology,” Institute of Chartered Financial Analysts, 1989
  • Keynes, John Maynard, “The General Theory of Employment, Interest and Money,” 1936 (especially Chapter 12 on The State of Long-Term Expectations)
  • Minsky, Hyman, “Stabilizing and Unstable Economy,” McGraw Hill, 1986 (we recommend reading the preface in“Minsky’s Stabilizing an Unstable Economy: Two Decades Later” by Dimitri Papadimitriou and L. Randall Wray, at minimum)
  • Stanyer, Peter and Satchell, Stephen, “Guide to Investment Strategy: How to Understand Markets, Risk, Rewards and Behaviour,” Fourth Edition, The Economist in association with Profile Books Ltd., May 2018
  • Reinhart, Carmen and Rogoff, Kenneth, “This Time is Different,” Princeton University Press, 2009
  • Knight, Frank, “Risk, Uncertainty and Profit,” Dodo Press, 1921
  • Ostrom, Eleanor, “Governing the Commons: Political Economy of Institutions and Decisions,” Cambridge University Press, 1990
  • Semi-annually in April and October with updates: International Monetary Fund, “World Economic Outlook” and “Global Financial Stability Report”

Financial Repression

  • Reinhart, Carmen M. and Kirkegaard, Jacob F. and Sbrancia, M. Belen, Financial Repression Redux,” (June 2011).
  • Carmen M. Reinhart and M. Belen Sbrancia, “The Liquidation of Government Debt,” NBER Working Paper No. 16893, March 2011

Monetary Policy

Behavioral Economics

  • Kahneman, Daniel and Tversky, Amos, “Choices, Values, and Frames,” Cambridge University Press, 2000
  • Akerloff, George A. and Shiller, Robert J., “Animal Spirits: How Human Psychology Drives the Economy and Why it Matters for Global Capitalism,” Princeton University Press, 2009
  • Lewis, Michael, “The Undoing Project: A Friendship that Changed our Minds,” W.W. Norton and Co., 2016

Equity Investing:

  • Fisher, Philip, “Common Stocks and Uncommon Profits,” 1958
  • Malkiel, Burton, “A Random Walk Down Wall Street,” 1973
  • Lynch, Peter, “One Up on Wall Street,” 1989

Fixed Income Investing

  • Fabozzi, Frank, “The Handbook of Fixed Income Securities,” Eighth Edition Hardcover, McGraw Hill , 2012

 

 If you could benefit from a conversation with our advisory team, we would be happy to provide a complimentary consultation.  

 

Important Disclosure: This content is for informational purposes only. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal or tax advice. Only private legal counsel may recommend the application of this general information to any particular situation or prepare an instrument chosen to implement the design discussed herein. An investor should consult with their financial professional before making any investment decisions.

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