Books for a portfolio investor, part 1
Review of the literature on portfolio / passive investment, and not only, in which he studied the book myself. Literature lot will write parts. The list will not be the so-called "motivation" literature, such as Rich Dad Poor Dad by Robert Kiyosaki and his other series of books, The path to financial independence Bodo Schaefer and so on. No, it's not bad otnyut books, they are useful, but at a very early stage of development of the investor. They are motivated to take action and make you think about your financial situation.
Burton Malcolm
The first book, which is to read the man who had the idea to invest in the stock market. The book is very understandable language explains the important and difficult things. Criticism of approaches, both technical and fundamental analysis, criticism of various popular misconceptions and myths in the world of investments. Submitted by a lot of interesting historical facts, including the analysis of the "bubbles", is inflated at different times on different markets, the description of the various scams.
There is a chapter devoted to the modern theory of portfolio investment and although the theme is very superficial disclosed, an idea can be obtained.
John C. Bogle
Guide a reasonable investor. The only reliable way to invest in the securities market
In spite of the odious title of the book of its usefulness can not be overstated. John Bogle creator and father of index funds. The book highlights the advantages of index investing over active. Clearly shows the impact of costs on the profitability of the portfolio in the prospects for different time horizons. Though the content of the book is small, but there is "water", all information given to the most important informative and puts things into place and in the right sense.
I will allow myself a little quote from the book, I think the author and the editors will not be offended:
"There is a fundamental conflict of interests of those who work in the investment business and those who invest in stocks and bonds. The path to well-being first is to convince customers: "Do not sit idly by, do something." But second, to enhance the well-being, you should follow the opposite rule: "Do not do anything. Sit idly by. " That is the only way to avoid the game, obviously doomed to failure - trying to beat the market "
William Bernstein
Asset allocation simple and accessible language. On the fingers explains the concept of the average yield, standard deviation, correlation. There is an overview of the historical capital market yields of different asset classes. Examples of the construction of portfolios depending on the time horizon and the degree of diversification. About the asset allocation I recommend starting with this book, and then read the following.
Roger Gibson
Formation of of investment portfolio
The book is not easy to grasp for someone who is not familiar with the portfolio theory. But considered in detail as a basis, and many bottlenecks, information about which other places are hard to find. Diversification of the portfolio on a global level. Optimization portfolio, in particular that with the help of specialized software. We give step by step detailed calculations based on model portfolios and investment objectives tempiramenta investor. Stages of development and examples of investment returns.
David Blitzer
Surpassing professionals. How to beat Wall Street pros, using indexes
The author is one of the members of the S & P500 index committee. The information in the book is very well structured. Review of historical returns of capital markets, the principles and algorithms of formation of stock market indices and their types, how to behave in a reasonable investor in a falling and rising markets last examples, and a detailed description of the different portfolios based on index funds. All that is in this book as informative and structured format.
Jeremy Siegel
Long-term investments in shares. Strategies for high-income and reliability
Book written a professor and book context is not always easy to read. A significant part of the book describes the macroeconomic processes and how they navigate portfolio investor. Some moments are very helpful.
Benjamin Graham
This book is a bible for investors for many years. The author needs no introduction. The context of the book more for the active (cost) of investors, but in general are considered fundamental differences between investment and speculation, and between types of investors - active and passive, especially investment filosifii and strategies of each of them.
interesting information for investor)
Thank you,I am writing the second part.