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. In addition our full comprehensive list, some of our favorite recommendations from our Beacon Pointe Summer Educational Series, Foundations of Finance are listed below.
- The Intelligent Investor
- Your Dollars, Our Sense
- One Up On Wall Street
- The Wall Street Journal Guide to Understanding Money & Investing
- The Most Important Thing
- The Black Swan
- Against the Gods
- Conspiracy of Fools
- Skin in the Game
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.
- 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”
- 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
- Friedman, Milton, “A Program for Monetary Stability,” Fordham University Press, 1960
- Blinder, Alan, “Central Banking in Theory and Practice,” The MIT Press, 1998
- Greider, William, “Secrets of the Temple: How the Federal Reserve Runs the Country,” Simon and Schuster, 1989
- Monetary Policy Principles and Practice; this opens to a sequence of short notes on the principles of sound monetary policy and central banks’ practices in setting and implementing monetary policy. The notes are intended to be read in order. The references cited in the footnotes provide additional detail.
- 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
- 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
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