Investing, Markets and Finance
- A Comprehensive Reading List -

Markets and the state of the economy are at the forefront of many conversations as Coronavirus lingers on and Americans continue to navigate the ever-changing landscape. For those who desire to acquire an introduction to investing, markets and finance, or wish expand their macroeconomic and market knowledge, continue on for a comprehensive reading list. The assorted book recommendations are color-coded per the key below, so that readers may select from the options that best suit their reading preferences.

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Reading Key:

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

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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:

  • Graham, Benjamin, “The Intelligent Investor,” Harper & Row, 1973
  • 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

 

 

Important Disclosure: This report 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. The information has been obtained from 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. All investments involve risks, including the loss of principal. An investor should consult with their financial professional before making any investment decisions. 

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