Its cool and damp in south Florida this morning. A great day to watch some good football and work on investing posts. My last post covered a recommended reading list for beginning investors. Today, I’ll add books to the list for intermediate investors, those investors that think they are ready for individual investment selection (stocks or bonds) and/or move beyond the basics of asset allocation. Lets dive right in.
The intermediate list has to start with some of the classics on stock investing and some more advanced books on passive investing and asset allocation:
- Security Analysis – Graham and Dodd
- The Intelligent Investor – Graham
- Interpretation of Financial Statements – Graham
- The Warren Buffet Way – Hangstrom
- Essays of Warren Buffet – Buffet
- Common Stocks and Uncommon Profits – Fisher
- You Can Be A Stock Market Genius – Greenblatt
- Value Investing – Greenwald
- Value Investing – Montier
- Alchemy of Finance – Soros
- The Future for Investors – Siegel
- Unexpected Returns – Easterling
- The Intelligent Asset Allocator – W Bernstein
- Unconventional Success – Swensen
- The Ivy League Portfolio – Faber
- Why Smart People Make Big Money Mistakes – Belsky
The next part of the list contains some of the great investment stories, stories of legendary individual investors, or of significant periods in market history.
- Investing the Templeton Way – Templeton
- When Genius Failed – Lowenstein
- Beating the Street – Lynch
- John Neff on Investing – Neff
- Market Wizards – Schwager
- Julian Robertson – Strachman
- Snowball – Schroeder
- The Big Short – Michael Lewis
And finally, a couple of books on risk. Along with the Bernstein book in the beginner’s list these are some of the most important books to read.
- Fooled By Randomness – Taleb
- The Black Swan – Taleb
I think that’s good enough for an intermediate list. As with the beginner’s list I’ve created a list on Amazon to make it easier to find the books. You can find it here .
Next up, the advanced list.