Meb Faber on his favorite 40 investing books – a great list below -he notes when asked about the best book on investing it is tough to give an answer. Meb discussed the question on his podcast but had no answer. So he took a survey of 1k readers and ranked the top 50 books. Meb removed his books The Ivy Portfolio and Global Asset Allocation from the rankings. The top choice was what we would likely also recommend to a total newbie to investing or fundamental investing The Intelligent Investor by Ben Graham. Or we might pick one of the top ten which was The Four Pillars of Investing by William Bernstein. Another from the top ten which also would probably make our top ten and possibly number one is a A Random Walk Down Wall Street by Burton Malkiel.
Sorta related Ben Carlson says Bull: A History of the Boom and Bust, 1982-2004 by Maggie Mahar is one of his favorite books, so its worth a look.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
Also see
Favorite Investing Books - Valuewalk Readers
Books I read (or re-read) in 2016
Books For Investors: Top Ten Recommended
The top ten are all familiar names
1-10 Investing Books
A Random Walk Down Wall Street
The Little Book of Common Sense Investing
The Little Book that Beats the Market
Reminiscences of a stock operator
Here, for reference are the next 40….
The Only Investment Guide You’ll Ever Need
Simple Wealth, Inevitable Wealth
Fail-Safe Investing: Lifelong Financial Security in 30 Minutes by Harry Browne
The Intelligent Asset Allocator
Millennial Money: How Young Investors Can Build a Fortune
The Laws of Wealth: Psychology and the secret to investing success
What I Learned Losing a Million Dollars by Jim Paul and Brendan Moynihan
You Can Be a Stock Market Genius
Against the Gods…the Remarkable Story of Risk
Common Stocks and Uncommon Profits
DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth
Extraordinary Popular Delusions and the Madness of Crowds
Via Meb Faber
