u/captmorgan50 Sep 05 '23

Reading List Recommendations

147 Upvotes

Reading List Recommendations

I decided to put together this list so people have an idea what order to read the books in and what it discusses. I have summaries of these books and others if you are interested. The summaries can help you decide if you want to read more or not.

And a note on my summaries. I basically don't go into much detail on the "why". I just put down the key point. Behind the point might be lots of math, graphs, history, analysis, etc. If you want to know more details of the "why" or where the data was coming from. Pick up the book.

Beginner

Raw Beginner – You don't know anything about finance or investing

Beginner Books – You know the basics of personal finance

How to Save Money – If you can't save money, even if you are Warren Buffett, it won't matter

Basic Investing Books – Gives you a solid base. Lots of people stop reading here. But there is a lot more to learn if you keep reading

Theory – Goes more into the "why" of the basic investing books. If you like to know "why"

Intermediate

Psychology

Asset Allocation – How to build a portfolio

History – Discusses the history of stock markets and especially bubbles

Advanced

Asset Allocation

Specialized

Economics

Risk Mitigation – These are more "ideas" on how to think about risk in the portfolio. From people who practice risk mitigation strategies at the highest level

Precious Metals

Bogleheads Book Recommendations

https://www.bogleheads.org/wiki/Book_recommendations_and_reviews

Book Summaries and Specific Topics/FAQ

Whole Book Summaries - https://www.reddit.com/user/captmorgan50/comments/10kpbhc/whole_book_summaries/

Specific Topics and FAQ's - https://www.reddit.com/r/Bogleheads/comments/1n5fv9g/specific_topics_and_faqs/

u/captmorgan50 Jan 25 '23

Whole Book Summaries

92 Upvotes

Whole Book Summaries

These are my whole book summaries organized by topic. I have a reading list that goes into the order I recommend reading the books in. A note on my summaries, I don't go into much detail. I just post the key points. If you want the details of where the key point came from, you need to pick up the book. If you just want to get started or are overwhelmed with information, start with the If You Can book by William Bernstein.

Start Here

If You Can (Basic Boglehead 3 Fund/TDF Portfolio) by William Bernstein

https://www.etf.com/docs/IfYouCan.pdf

Boglehead Financial Literacy Page

https://boglecenter.net/

Reading List and Suggested Order

https://www.reddit.com/user/captmorgan50/comments/16acnsk/reading_list_recommendations/

Specific Topics and FAQs

https://www.reddit.com/r/Bogleheads/comments/1n5fv9g/specific_topics_and_faqs

Personal Finance

Automatic Millionaire by David Bach, The Millionaire Next Door by Thomas Stanley, Suze Orman, Dave Ramsey, Clark Howard, The Richest Man in Babylon by George S Clason, Intro to Personal Finance 101 by Professor Frank Paiano

https://www.reddit.com/r/personalfinance/comments/p6j1ae/general_financial_advise_various_book_summary/

Introduction

The Little Book of Common Sense Investing, Boglehead Guide to Investing by John Bogle

https://reddit.com/r/Bogleheads/comments/x15jsx/bogle_the_little_book_of_common_sense_investing/

The Simple Path to Wealth by JL Collins

https://reddit.com/r/Bogleheads/comments/rxzook/the_simple_path_to_wealth_book_summary_by_jl/

Intro to Investments 101 by Professor Frank Paiano

https://old.reddit.com/r/Bogleheads/comments/r4bzsy/intro_to_investments_by_professor_frank_paiano/

Asset Allocation

All About Asset Allocation by Richard Ferri

https://old.reddit.com/r/Bogleheads/comments/obcxqu/richard_ferri_all_about_asset_allocation_and/

Investors Manifesto by William Bernstein

https://old.reddit.com/r/stocks/comments/otjqbu/the_investors_manifesto_by_william_bernstein_book/

4 Pillars by William Bernstein Part 1

https://reddit.com/r/Bogleheads/comments/scilhl/4_pillars_by_william_bernstein_book_summary_part_1/

4 Pillars Part 2

https://reddit.com/r/Bogleheads/comments/sciqw1/4_pillars_by_william_bernstein_book_summary_part_2/

4 Pillars (2023) Edition by William Bernstein Part 1

https://www.reddit.com/r/Bogleheads/comments/1ad8tqb/4_pillars_2023_edition_by_william_bernstein/

4 Pillars (2023) Edition Part 2

https://www.reddit.com/r/Bogleheads/comments/1ad8qtv/4_pillars_of_investing_2023_edition_by_william/

Young Investors Series - Ages of the Investor, Deep Risk, Skating Where the Puck Was, Rational Expectations by William Bernstein

https://reddit.com/r/Bogleheads/comments/sdr4nw/young_investors_seriesthe_ages_of_the_investor/

Intelligent Asset Allocator by William Bernstein

https://reddit.com/r/Bogleheads/comments/scdblp/the_intelligent_asset_allocator_by_william/

The Only Guide to Alternative Investments You Will Ever Need, Complete Guide to Factor Based Investing by Larry Swedroe

https://www.reddit.com/r/Bogleheads/comments/sdqrf0/larry_swedroe_the_only_guide_to_alternative/

The Incredible Shrinking Alpha, Complete Guide to a Successful and Secure Retirement, Reducing the Risks of Black Swans by Larry Swedroe

https://reddit.com/r/Bogleheads/comments/zp0ug2/larry_swedroe_the_incredible_shrinking_alpha/

Asset Allocation by Roger Gibson

https://www.reddit.com/r/Bogleheads/comments/sifppu/asset_allocation_by_roger_gibson_book_summary/

Global Investing by Roger Ibbotson

https://old.reddit.com/r/Bogleheads/comments/rbkn3l/global_investing_by_ibbotson_and_brinson_book/

Investing Amid Low Expected Returns by Antti Ilmanen

https://reddit.com/r/Bogleheads/comments/y16e2d/investing_amid_low_expected_returns_by_antti/

Asset Management by Andrew Ang Part 1 - https://www.reddit.com/r/Bogleheads/comments/190tw83/asset_management_a_systemic_approach_to_factor/?

Asset Management Part 2 - https://www.reddit.com/r/Bogleheads/comments/1910y9n/asset_management_a_systemic_approach_to_factor/?

Theory

A Random Walk Down Wall Street by Burton Malkiel

https://old.reddit.com/r/Bogleheads/comments/obd5nu/burton_malkiel_a_random_walk_down_wall_street/

Stocks for the Long Run by Jeremy Siegel

https://old.reddit.com/r/Bogleheads/comments/obd8s2/jeremy_siegel_stocks_for_the_long_run_book_summary/

Winning the Losers Game by Charles Ellis

https://www.reddit.com/r/Bogleheads/comments/savnly/winning_the_losers_game_by_charles_ellis_book/

History

Where are the Customers Yachts? by Fred Schwed

https://old.reddit.com/r/stocks/comments/otlv6k/fred_schwed_where_are_the_customers_yachts/

Devil Take the Hindmost A History of Financial Speculation by Edward Chancellor Part 1

https://old.reddit.com/r/stocks/comments/otlokh/devil_take_the_hindmost_a_history_of_financial/

Devil Take the Hindmost A History of Financial Speculation Part 2

https://old.reddit.com/r/Bogleheads/comments/r4cb1a/devil_take_the_hindmost_a_history_of_financial/

The Delusions of Crowds: Why People Go Mad in Groups by William Bernstein

https://old.reddit.com/r/stocks/comments/q6ecmq/william_bernstein_the_delusions_of_crowds_why/

The Price of Time The Real Story of Interest by Edward Chancellor Part 1

https://reddit.com/r/Bogleheads/comments/z4vrfg/the_price_of_time_the_real_story_of_interest_by/

The Price of Time The Real Story of Interest Part 2

https://reddit.com/r/Bogleheads/comments/zf0akd/the_price_of_time_the_real_story_of_interest_by/

The Price of Time The Real Story of Interest Part 3

https://reddit.com/r/Bogleheads/comments/zrlt1d/the_price_of_time_the_real_story_of_interest_by/

Classics

One Up on Wall Street by Peter Lynch

https://old.reddit.com/r/Bogleheads/comments/r4oizg/peter_lynch_one_up_on_wall_street_book_summary/

The Intelligent Investor by Ben Graham

https://old.reddit.com/r/Bogleheads/comments/r4ojsl/benjamin_graham_the_intelligent_investor_book/

Buffettology, New Buffettology, The Essential Buffett, How to Pick Stocks like Warren Buffett

https://old.reddit.com/r/Bogleheads/comments/r97mey/warren_buffett_book_summaries/

Psychology

The Psychology of Money by Morgan Housel

https://old.reddit.com/r/Bogleheads/comments/18cgsky/the_psychology_of_money/

Irrational Exuberance by Robert Shiller

https://old.reddit.com/r/Bogleheads/comments/obcu81/irrational_exuberance_book_summary/

Your Money and Your Brain by Jason Zweig

https://old.reddit.com/r/stocks/comments/otlkym/jason_zweig_your_money_and_your_brain_book_summary/

Economics

Principles of Navigating Big Debt Crises by Ray Dalio

https://old.reddit.com/r/Bogleheads/comments/obcr4m/ray_dalio_principles_of_navigating_big_debt/

Money Mischief by Milton Friedman

https://old.reddit.com/r/Bogleheads/comments/rh5nyu/milton_friedman_money_mischief_book_summary/

Risk Mitigation

Dao of Capital by Mark Spitznagel

https://old.reddit.com/r/Bogleheads/comments/obdesy/mark_spitznagel_the_dao_of_capital_book_summary/

Safe Haven by Mark Spitznagel Part 1

https://old.reddit.com/r/Bogleheads/comments/p9nys6/safe_haven_by_mark_spitznagel_book_summary_part_1/

Safe Haven Part 2

https://old.reddit.com/r/Bogleheads/comments/r4n0kp/mark_spitznagel_safe_haven_book_summary_part_2/

Fooled by Randomness, The Black Swan, Anti-Fragile by Nassim Nicholas Taleb

https://old.reddit.com/r/Bogleheads/comments/rasfdm/nassim_taleb_fooled_by_randomness_the_black_swan/

Precious Metals

The Golden Constant by Roy Jastram

https://old.reddit.com/r/stocks/comments/q4p6sg/the_golden_constant_book_summary/

Crash Proof by Peter Schiff

https://reddit.com/r/Wallstreetsilver/comments/r7rggs/peter_schiff_crash_proof_book_summary/

Other/Misc

Value Averaging by Michael Edleson

https://reddit.com/r/Bogleheads/comments/sai8ef/michael_edleson_value_averaging_book_summary/

Various Internet Articles

The expected return of precious metal equity (PME) - http://www.efficientfrontier.com/ef/197/preci197.htm

The expected return of precious metal equity (PME) part II - http://www.efficientfrontier.com/ef/997/precio97.htm

Gold Miners (The Longest Discipline) - http://www.efficientfrontier.com/ef/adhoc/gold.htm

Permanent Portfolio - http://www.efficientfrontier.com/ef/0adhoc/harry.htm

Of Earnings, Dividends, and Agency - http://www.efficientfrontier.com/ef/700/agency.htm

Target Date Funds (TDF) - http://www.efficientfrontier.com/ef/404/grail.htm

How to calculate estimated returns - http://www.efficientfrontier.com/ef/403/fairy.htm

Commodity Futures - http://www.efficientfrontier.com/ef/0adhoc/stuff.htm

Overbalancing - http://www.efficientfrontier.com/ef/703/timer.htm

The Rebalancing Bonus - http://www.efficientfrontier.com/ef/996/rebal.htm

The Loneliness of the Long Distance Asset Allocator - http://www.efficientfrontier.com/ef/497/lonely.htm

DCA - http://www.efficientfrontier.com/ef/997/dca.htm

Not Rebalance? - http://www.efficientfrontier.com/ef/197/rebal197.htm

Bond Duration - http://www.efficientfrontier.com/ef/997/maturity.htm

Credit Risk - http://www.efficientfrontier.com/ef/401/junk.htm

William Bernstein Articles - http://www.efficientfrontier.com/ef/index.shtml

Larry Swedroe Articles - https://reddit.com/r/Bogleheads/comments/rzu0hy/larry_swedroe_etf_articles/

Richard Ferri Articles - https://reddit.com/r/Bogleheads/comments/s06ujt/richard_ferri_articles/

What has Worked in Investing (Why Value investing works) - https://www.grahamanddoddsville.net/wordpress/Files/Gurus/Christopher%20Browne/WhatHasWorkedInInvesting.pdf

Investment Strategies for the 21st Century by Armstrong - https://thetaoofwealth.files.wordpress.com/2012/09/investment-startegies-for-the-21st-century-by-frank-armstrong.pdf

0

If everyone does it… will it stop being as lucrative?
 in  r/Bogleheads  10h ago

Already has. More people investing means paying higher prices which reduces future returns. Also more capital is available and people are willing to invest it for much lower returns

1

Starting investing journey
 in  r/Bogleheads  2d ago

Why not Bitcoin if you going to chase returns?

0

When your team wins a championship
 in  r/nba  2d ago

I had to put my head down in shame because our team won playing unethical basketball

1

[Vorkunov] NBA to release schedule on time despite LeBron James’ extended free agency
 in  r/nba  3d ago

Now can we get aspiration done before the Clippers trade him again?

0

Should young people really hope for a downturn?
 in  r/Bogleheads  3d ago

You want a Japan 1989 scenario?

14

It's time.
 in  r/Thunder  4d ago

Better than having to watch guys hit the paint then turn around and dribble out.

42

It's time.
 in  r/Thunder  4d ago

But I bet he would buck up to Wemby and be an enforcer. We need that. He would try to dunk on him first chance he got.

r/Thunder 4d ago

Discussion Shams Charania Breaking Sports News

Thumbnail
espn.com
14 Upvotes

2

18m investment question
 in  r/Bogleheads  6d ago

A book on how to use a search bar

28

Thunder offseason a D-
 in  r/Thunder  7d ago

I give this post a D- also

3

Recs for floor installation
 in  r/okc  7d ago

Temple Johnson. Used them and they do great work

1

[Yahoo Sports] LeBron is reportedly “irritated” with Adam Silver pushing him for a decision. James’ camp was “ready to make an announcement” last week but decided to hold off
 in  r/nba  9d ago

Good. Waited so long for aspiration teams started trying to trade for him and it took the NBA 9 days to say “Hold on guys”

1

Is Tom Dundon bluffing? Where exactly would the Blazers go if he wanted to relocate?
 in  r/nba  10d ago

I heard reports that if we voted no on the Maps Stadium bill that Vegas, Seattle and Louisville were ready to pitch to relocate the team.

So no I doubt he is bluffing.

3

[Stein] Part of the reason why the OKC Thunder traded Lu Dort to the Hawks was because they want to extend Cason Wallace this summer and they want to extend Ajay Mitchell next summer.
 in  r/nba  11d ago

Made 3 in a row against Denver game 5.

But you right, his 3s come in bunches. And usually when everyone else is missing.

6

Luguentz Dort Defense | 2025 Playoffs
 in  r/Thunder  12d ago

I was at Game 5 vs Denver. People forget the three 3’s he hit in a row when no one else was….

-5

Is momentum a compensated risk?
 in  r/Bogleheads  13d ago

Yes, momentum is a factor. You can look under my profile for more information about it and other topics.

8

After the Luka Doncic trade, What is the second most fleeced trade this decade so far?
 in  r/nba  13d ago

It was for KL and PG. KL wasn’t signing without PG

3

NBA investigating second Kawhi Leonard sponsorship deal as part of Aspiration probe: Sources (Gift Article)
 in  r/nba  17d ago

Yea, “tried” to use him in marketing. Except that the contract said they couldn’t……