A Few Good Books This is a short list of a few terrific books, by authors who really know how to get valuable ideas across. Click on a book cover or title for more information and to read other people's reviews on Amazon. Benjamin Graham The Intelligent Investor. This book really works on your psychology, helping you to invest in a businesslike way and tune out the distracting mood swings of "Mr.

William Bernstein The Four Pillars of Investing. The four pillars being the Theory, History, Business, and Psychology of investing - understanding these topics will help you make sensible plans, and then stick with them despite the worst efforts of market volatility, investment salesmen and pundits, and even your own overheated brain.

There is also strategic advice about assembling a portfolio that fits your own needs and risk tolerance. Steven Silbiger The Ten Day MBA.

Want to get the equivalent of a Harvard business education for about twenty dollars? Silbiger gets to the essence of many useful topics, and explains them in a clear, no-nonsense, and good-humored style.

Chapters include Accounting, Finance, Business Statistics, and more Wild Analysis of Financial Statements. A professional-grade guide to interpreting financial statements, but written in a clear style that makes it accessible to non-accountants.

Discussions and examples help make things relevant by putting you in the roles of different people - from the management consultant looking for ways to make the company more profitable, to the stock investor deciding whether you want it in your portfolio. Robert Shiller Irrational Exuberance.

Why do markets bubble and crash? The good news is that by recognizing market exuberance you can avoid being swept up in it yourself: Bogle Common Sense on Mutual Funds. Correlation between fx equity markets creator of low cost index funds sings their praises.

Karl Marx and the Stock Markets

Bogle shows why you can't find a managed fund that karl marx stock market beat its index, and that fund fees hurt performance a lot more than you think. He also shares common sense on the workings of the market versus investors' unrealistic expectations, helping you accept the "triumph of experience over hope.

Taylor Larimore, Mel Lindauer, and Michael LeBoeuf Bogleheads' Guide to Investing. Some of John Bogle's most grateful followers present a lifetime financial guide, helping you with saving, investing in low cost index funds, of course!

You can also learn from them at their online forum, Bogleheads. Malkiel A Random Walk Down Wall Street. The author introduces a number of investment approaches, including Fundamental Analysis and Modern Portfolio Theory, describes them carefully The overall focus is on warning you away from strategies forex trading hypnosis don't work.

He also offers some positive results chiefly that stocks indicated as undervalued by traditional ratios tend to outperform the market and some useful advice.

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If a little constructive negativity doesn't depress you, this is a helpful survey. Nassim Taleb Fooled by Randomness. Would you believe that some people trick themselves into underestimating investment risks, or seeing market trends that aren't really there?

This readable book explores the nature of market randomness, helping you avoid losses by distinguishing true pattern from mere "noise". There is also some bracing classical philosophy to help you deal with uncertainty and attain grace under chaos like, y'know, Solon's Retort to Croesus.?

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Peter Bernstein Capital Ideas. The story of Modern Portfolio Theory, with insights into the thinking and personalities of its big names, including Markowitz, Tobin, Sharpe, Fama, and other stars. The author also reveals enough about his own background to make things interesting: This is a non-technical and informative overview; well-told and enjoyable to read.

Larry Gonick, Woollcott Smith The Cartoon Guide to Statistics. Lots of people have a mental block that makes learning statistics absolutely impossible, but throw in some cartoons and suddenly things seem simple. This is not a dumbed-down book; it can give you a thorough and intuitive understanding of basic statistics.

Topics include standard deviation, the normal distribution, sampling, linear regression, Bayes' theorem, and more. You won't just learn formulas here; you'll really "get" where they come from and why they make sense.

Fictitious capital - Wikipedia

Norman Frumkin Guide to Economic Indicators. This is meant to be a reference, but it's so well written that you can read it as a general guide: Entries give you a sense of what economists really have to do to get a handle on where the economy is going, explaining where the data comes from, how it's measured, and what it all means.

This is a good place to learn a lot about the economy in a hurry. Charles Wheelan Naked Economics. An enjoyable guide to real world economics written for smart, happening adults. The style is logical without being technical - no "dismal" charts and equations here - and the approach is refreshingly unbiased: Wheelan wants to teach you how to think, not sell you on a particular agenda.

Amazon lets you add items to your shopping cart gradually and then check out days later from their home page - you don't have to do it all in one session. Plus, a Few More Good Books. A few other, more specialized books are mentioned on these pages: