Looking for some recommendations for books for my son. He has put his 401K on autopilot with Fidelity in their Target Fund. I’d like to buy him some basic books on insights and understanding of the importance of saving and investing. Thank you.
"A big favorite among investors these days." –The New York Times
"A compact guide to probabilistic domains like poker, or venture capital... Recommend for people operating in the real world." –Marc Andreessen
“Outstanding.” –Jason Zweig, The Wall Street Journal
"Duke’s discussion is full of wisdom and also of fun, warmth, humor and humanity. Her sharp, data-driven analysis comes with a large lesson, which is that losers should be willing to forgive themselves: Sometimes the right play just doesn’t work." –Cass Sunstein, co-author of Nudge
"An elegant fusion of poker-table street-smarts and cognitive science insights. This book will make you both a shrewder and wiser player in the game of life." –Philip E. Tetlock, author of Superforecasting
"Thinking in Bets offers a compelling, and eminently useful, new way to think about life's decisions. Annie Duke has written an important, and often hilarious, book that will help you understand your own shortcomings--and make smarter choices as a result. You can bet on it." –Maria Konnikova, author of The Confidence Game and Mastermind
"The insights Duke offers in this book are incredibly helpful when we contemplate decisions in the face of multiple possible outcomes, and that renders her book enormously applicable to the world of investing." –Howard Marks, co-chairman, Oaktree Capital Management and author of The Most Important Thing
"Through wonderful storytelling and sly wit, Annie Duke has crafted the ultimate guide to thinking about risk. We can all learn how to make better decisions by learning from someone who made choices for a living, with millions on the line." –Charles Duhigg, author of The Power of Habit and Smarter Faster Better
"Brilliant. Buy ten copies and give one to everyone you work with. It's that good." –Seth Godin, author of The Icarus Deception
"A mind-bending and indispensable book for entrepreneurs, leaders, and anyone who faces risk on a regular basis." –Olivia Fox Cabane, author of The Net and the Butterfly
“A highly-readable balance between memorable, real-world analogies and hardcore behavioral science studies... The book is packed with insights.” –John Greathouse, Forbes
It's an old one, and pretty basic, but I enjoyed "The Wealthy Barber".
It's an old one, and pretty basic, but I enjoyed "The Wealthy Barber". Not real detailed but it lays out the basics of disciplined investing over time.
People seem to like that one, so I include it in the reading list for my Adult-Ed investing class, but with the following comment: "A quick tour of almost everything you could do, almost none of which you should be doing" YMMV, of course.Good basics for a young person starting out from Andrew Tobias: https://www.amazon.com/Only-Investment-Guide-Youll-Ever/dp/0544781937
Thank you all so much. Now I have a good assortment to pick from and they all sound great. Truly appreciate it!
I can almost always get a "Like New" or "Very Good" copy of whatever book I want on Amazon. I have probably bought twenty or thirty and had only one real disappointment. When I decide I want a book I will buy new if I have to, but it is rarely necessary.If you don't mind buying used. Book on ebay and abebooks are a good deal.
Thank you all so much. Now I have a good assortment to pick from and they all sound great. Truly appreciate it!
People seem to like that one, so I include it in the reading list for my Adult-Ed investing class, but with the following comment: "A quick tour of almost everything you could do, almost none of which you should be doing" YMMV, of course.
It's been several years since I read it and we are at our lake place this weekend, 200 miles from my copy, but: My recollection is that it is kind of a survey going far beyond the stock market, to include stamps, coins, collectables, gold, real estate, etc. IIRC it is not at all a bad book and he pretty well achieves his goal of covering everything, but a lot of it is irrelevant or possibly dangerous to his target market of unsophisticated investors. Hence I left it on my list but with the warning. I do not want someone in my class to sink his retirement savings into a 1963 Corvette Split-Window coupe or a bunch of gold coins bought from a dealer who advertises in sports and gun magazines.Why do you say "almost none of which, you should be doing"? The book actually has bad advice?
Looking for some recommendations for books for my son. He has put his 401K on autopilot with Fidelity in their Target Fund. I’d like to buy him some basic books on insights and understanding of the importance of saving and investing. Thank you.
This is the book that made the difference for us. I can trace the seed of my FIRE mentality to reading this book.It's an old one, and pretty basic, but I enjoyed "The Wealthy Barber". Not real detailed but it lays out the basics of disciplined investing over time.
This is the book that made the difference for us. I can trace the seed of my FIRE mentality to reading this book.
I'd also add "The Richest Man in Babylon" (I required each of my kids to read it when they were in their teens) and "The Millionaire Next Door". Some people knock the latter, but I like it because it does a great job of promoting the LBYM mentality.
This summer I read "The Simple Path to Wealth". I thought it was terrific. I would recommend it to any young person.
This is the book that made the difference for us. I can trace the seed of my FIRE mentality to reading this book.
I'd also add "The Richest Man in Babylon" (I required each of my kids to read it when they were in their teens) and "The Millionaire Next Door". Some people knock the latter, but I like it because it does a great job of promoting the LBYM mentality.
This summer I read "The Simple Path to Wealth". I thought it was terrific. I would recommend it to any young person.