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Recommended Reading

The Intelligent Investor: The Definitive Book on Value Investing by Ben Graham

Ben Graham is considered one of the all-time great investors in the history of the markets. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.

 

Probable Outcomes by Ed Easterling

An interesting book on the secular nature of the stock market and its corresponding cycles. It's a very good read on the relationship of EPS growth, dividend yield, and P-E yields as a means of measuring market outcomes. Ed is founder of Crestmont Research and publishes timely information on the markets and corresponding cycles.

 

The Black Swan: The Impact of the Highly Improbable by Nassim Taleb

A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. A must read for those who believe in the predictive value of averages. Nassim challenges many of the traditional assumptions used in portfolio construction and management. 

 

 The Big Short: Inside the Doomsday Machine by Michael Lewis

Mr. Lewis explains the origins of the real estate and stock market crash of 2007-2009. According to Mr. Lewis, the real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower--and middle--class Americans who can't pay their debts.

 

 Boomerang: Travels in the New Third World by Michael Lewis 

Written in 2011, this is a great read for those wishing to understand the tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.

 

The Wall Street Journal Complete Money and Investing Guidebook by Dave Kansas

If you are looking for a basic education on the money and investing, this is a good choice.