Author Topic: What should be standard reading for investors (Muncharian or not)?  (Read 1828 times)

Mr-FancyPants

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Just working my way through the Four Pillers of Investment and was wondering what Muncharian's felt standard reading for investors should be?
A few that I've read include:
-Your Money or Your Life
-The Wealthy Barber

But I'm wondering what finance books I should be reading to be a well-rounded investor?   Is this a hopeless cause?   Or is there more standard reading that I should be doing?
I've read MMM's thoughts on the subject (and will likely re-read them), but I'm interested in really being literate as an investor so that I can really chose my own investment strategy intelligently.

Also, I'm Canadian (late 20s), so with the exchange rate a lot of US funds are pretty unappealing to me right now.... 
« Last Edit: January 12, 2016, 10:47:26 AM by Mr-FancyPants »

mikefixac

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Re: What should be standard reading for investors (Muncharian or not)?
« Reply #1 on: January 12, 2016, 10:46:26 AM »

teadirt

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Re: What should be standard reading for investors (Muncharian or not)?
« Reply #2 on: January 12, 2016, 11:04:07 AM »
I recently finished "A Random Walk Down Wall Street",  by Burton Gordon Malkiel. it's an excellent book! Starts off with the history of speculation, then explains how traders try to beat the market, and how they've historically succeeded/failed and why, all written from a very non-biased and scientific perspective. The book ends with a guide for investors of any age, and goes into asset allocation and risk management.

(Spoiler: buy and hold Index Funds is your best bet 100% of the time over a long enough timeline, unless you can make investing your full time job, then Index Funds are still your best bet, but only 99% of the time. Why? Because someone out there will beat the market, but it's essentially impossible to guess who, and the probability that it's you is low.)
« Last Edit: January 12, 2016, 11:17:27 AM by teadirt »

aFrugalFather

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Re: What should be standard reading for investors (Muncharian or not)?
« Reply #3 on: January 12, 2016, 11:05:30 AM »
This is a pretty good list:
https://www.bogleheads.org/RecommendedReading.php

I'm a fan of random walk down wall street.

nobodyspecial

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Re: What should be standard reading for investors (Muncharian or not)?
« Reply #4 on: January 13, 2016, 09:26:12 AM »
Also, I'm Canadian (late 20s), so with the exchange rate a lot of US funds are pretty unappealing to me right now....
Remember currency differences don't compound
The CDN$ is down 10-20% on its future "normal" rate to the USD$
So if you buy US stocks now and keep them for 30years they only have to perform a fraction of a % better each year to make up for the difference