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Books On Investing |
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These books were used in the development
of the investment strategies of Index Funds Advisors. The
first book summarizes what is found in most of the books
below it. The lack of reading these books is at the heart
of the failure of investors. Learn and enjoy!
Index Funds: The 12-Step Program for Active Investors
by Mark Hebner
"The more I study and learn about your approach, the more
I grow to appreciate its elegance. Matt Krantz, USAToday, 5/20/05
Many “Stockaholics™” are
already beginning to see the light...
Reviews of Index Funds: 12-Step Program for
Active Investors
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Category
One: Understanding the Secret World of
Wall Street |
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This first category
is about the misaligned incentives and
lack of investment theory education of
stock brokers. |
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 Robbing You Blind
by Mark Dempsey
"Merrill Lynch's employees lied to clients"
Protecting Your Money from Wall Street's Hidden Costs and
Half-Truths: Moneymaking Strategies for Today's Investor
by Mark Dempsey. Once a high flyer at a major brokerage,
he now says he succeeded only by cajoling clients into
purchases that helped him meet sales goals" If the average
investor only knew what really goes on behind the scenes
with their money they'd think differently about having
us manage it."
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 American Sucker
by David Denby
In 2000, the bottom dropped
out of David Denby's life when
his wife announced she was leaving
him. To make matters worse, it
looked like he might lose their
beloved apartment in the split.
Determined to hold onto his home
and seized by the "irrational exuberance" of
the stock market, Denby joined
the investment frenzy with a particular
goal: to make $1 million in one
year so he could buy out his wife's
share of their home. Denby gathered
courage from stock analysts, from
the siren song of CNBC, and from
tech gurus and lying CEOs at investment
conferences. He befriended tech
stars like ImClone founder Sam
Waksal and Merrill Lynch analyst
Henry Blodgett, both now disgraced
in scandals. He plunged into a
season of mania, swept forward
on the currents of greed, hucksterism,
and native American optimism that
caught up so many in that era--with
cataclysmic results. AMERICAN SUCKER
is his account of those years of
madness and then of recovered sanity,
written with the rueful insight
and bitter humor that only a wiser
man could attain. What began as
a money chase developed into an
encounter with such eternal issues
as envy, time, love, and death.
With wit, warmth, and tough-minded
candor, Denby explores not only
his own motives and illusions,
but the whole panoply of desire,
greed, and willful blindness that
consumed the nation.
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 License
to Steal
by Timothy Harper (Editor)
The Secret World of Wall Street and the Systematic
Plundering of the American Investor by Timothy Harper (Editor),
Anonymous. Clients only make money, in all likelihood,
if they buy good stocks and hold onto them for a long time.
But the broker makes money only if his clients frequently
buy and sell.
See Disciplinary Action |
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 Brokerage Fraud
by Tracy Pride Stoneman, Douglas J. Schulz |
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 Fortune
Tellers
by Howard Kurtz
Inside Wall Street's Game of
Money, Media, and Manipulation
by Howard Kurtz. A must-read account
of the way stock prices are manipulated
by information-hungry media outlets
[and] no-account market analysts |
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 The Fortune Sellers
by William A. Sherden |
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 Fooled by Randomness:
The Hidden Role of Chance in
the Markets and in Life, First
Edition
by Nassim Taleb, Nassim Nicholas Taleb |
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 Where
are the Customers' Yachts?
by F. Schwed Jr.
It's amazing how well Schwed's
book is holding up after 55 years.
About the only thing that's changed
on Wall Street is that computers
have replaced pencils and graph
paper. Otherwise, the basics are
the same. The investor's need to
believe somebody is matched by
the stock broker's need to make
a nice living. If one of them has
to be disappointed, it's bound
to be the former."—John Rothchild,
Author, A Fool and His Money, Financial
Columnist, Time magazine |
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 Does Your
Broker Owe You Money?
by Daniel R. Solin
According to attorney Dan Solin, there were 5,500 new claims filed with
NASD against brokers in 2000.
( See his new book, "Does Your Broker Owe You Money?" About half win
and about half of them get paid.
And if you have an attorney,
they typically take 33% to 40%
of the award. Most attorneys
won't take your case unless you
have lost more than $100,000.
The NASD and NYSE awarded $161
million to investors in 1998
for abuses like unsuitable investments,
excessive trading, failure to
supervise and
unauthorized trading.
Also see this recoverinvestment. and investor
recovery.
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Category
Two: Nobel Laureates and Historical Perspective |
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These books were used
in the development of the investment strategies
of Index Funds Advisors. In most cases
the book images are links to amazon.com,
so that you may purchase them. Learn and
enjoy!
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 Capital Ideas
by Peter L. Bernstein
The Improbable Origins of Modern Wall Street by Peter L.
Bernstein. When the 1974 recession hit Wall Street, investment
professionals desperately turned to academia to help regain
the value of their clients' holdings. Bernstein shows how
Wall Street finally embraced the advences wrought in academic
seminars and technical journals tht ultimately transformed
the art of investing.
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 Against the Gods
by Peter L. Bernstein
Peter Bernstein has written
a comprehensive history of man's
efforts to understand risk and
probability, beginning with early
gamblers in ancient Greece, continuing
through the 17th-century French
mathematicians Pascal and Fermat
and up to modern chaos theory.
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 The
Random Character of Stock Market
Prices
by Editor: Paul H. Cootner
" Cootner's classic has been an inspiration to a generation of financial economists
and its publication in 1964 marked the beginnings of the field known as financial
econometrics. It is high time that this collection of gems is reprinted" Professor
Andrew Lo, Professor of Finance, Massachusetts Institute of Technology. |
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 Extraordinary
Popular Delusions
by Mackay & Templeton
We may think that the Great Crash
of 1929, junk bonds of the '80s,
and over-valued high-tech stocks
of the '90s are peculiarly 20th century
aberrations, but Mackay's classic--first
published in 1841--shows that the
madness and confusion of crowds knows
no limits, and has no temporal bounds.
(Review) |
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 How the
Really Smart Money Invests
(VHS Video)
Society improves through academia,
yet, sadly, many people make investment
decisions based on the appeal of
a slick marketing campaign or a
well-produced television commercial.
The key to successful investing
is to harness the meaningful research
conducted by the brightest minds
in academia and develop a conviction
driven relationship that helps
to guide the investment process.
VHS Video |
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 Commanding Heights
by Daniel Yergin and Joseph Stanislaw
Three DVD Set: The history
and impact of the new global
economy are made clear and compelling.
This three-part, six-hour documentary
does an astonishingly thorough
job of dissecting and explaining
macroeconomics and their current
political and social importance
without ever causing a loss of
consciousness for the viewer.
The series makes good use of
both large- and small-scale examples,
and features interviews with
several major world leaders.
Review by - Ali Davis
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 The Wisdom of
Crowds: Why the Many Are Smarter
Than the Few and How Collective
Wisdom Shapes Business, Economies,
Societies and Nations
by James Surowiecki |
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 Devil Take The
Hindmost
by Chancellor
From the tulip Colleges of
the seventeenth century to the
Internet investment clubs of the
late twentieth century, speculation
has established itself as the most
demotic of economic activities.
Although profoundly secular, speculation
is not simply about greed. The
essence of speculation remains
a Utopian yearning for freedom
and equality which counterbalances
the drab rationalistic materialism
of the modern economic system with
its inevitable inequalities of
wealth. |
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Category
Three: Nuts and Bolts of Index Funds
Investing |
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These books were used
in the development of the investment strategies
of Index Funds Advisors. In most cases
the book images are links to amazon.com,
so that you may purchase them. Learn and
enjoy! |
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 Investment
Management : Portfolio Diversification,
Risk, and Timing - Fact and
Fiction (Wiley Finance)
by Robert L. Hagin
After more than forty years of investment research and
practice, financial expert Robert Hagin has seen firsthand
how misconceptions about investing have adversely affected
the well-being of countless people. He knows that both
amateur and professional investors alike are susceptible
to making costly investment mistakes–primarily due to widely
accepted investing "myths."
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 Winning the Loser's
Game
by Charles Ellis
A true financial classic, How to Win the Loser's Game over
55,000 copies sold in its previous two editions. Simple,
straightforward, and concise, Ellis, one of today's most
brilliant investment writers, provides timeless wisdom
about the nature of investing.
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 The
Unbeatable Market: Taking the
Indexing Path to Financial
Peace of Mind
by Ron Ross |
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 Index your Way to Investment
Success
by Good & Hermansen
A winning investment strategy
for today's volatile markets. Long
a secret guarded by financial insiders,
index funds have become a favorite
with individual investors of every
level. Drawing on their years of
experience managing institutional
investments, Walter R. Good and
Roy W. Hermansen give even novice
investors the nuts-and-bolts know-how
to boost returns and control risk. |
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 Prudent Investor's
Guide to Beating Wall Street
at Its Own Game
by Bowen & Goldie
Shows individual investors
how to achieve superior returns
through state-of-the-art asset
allocation strategies. The book
explains how investors can use
mutual funds to create a portfolio
that achieves their financial goals
and earn the maximum return for
a given amount of risk. |
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 Winning Investment Strategy
by Larry E. Swedroe
If you are an investment neophyte
or an index fund guru, this book
will expand your knowledge. The
research is in and the results
are unequivocal, indexing beats
active management over time and
by a significant amount. The only
people who contest the evidence
are active fund managers who don't
want to lose their paying customers. |
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 A Mathematician Plays the Stock
Market
by John Allen Paulos
After poking holes in superinvestor Warren Buffet's fundamental
notions and other sacred cows of Wall Street, Professor
Paulos offers his own advice: Stick with index funds. |
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 A Random Walk Down Wall Street
by Burton G. Malkiel
A "random walk"--in market
terms--suggests that a "blindfolded
monkey" (also see monkeydex.com) would have as much luck selecting
a portfolio as a pro. But Burton
Malkiel's classic investment book
is anything but random. Since stock
prices cannot be predicted in the
short term, argues Malkiel, individual
investors are better off buying
and holding onto index funds than
meddling with securities or actively
managing mutual funds. |
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 Index Mutual Funds
by W. Scott Simon
Simon explains how the "indexing
revolution" came about and contrasts
index investing with selecting
individual stocks or relying on
the fortunes of any particular
fund manager or investment "guru." He
also provides nuts-and-bolts details
on how index funds work, and he
spells out their advantages--less
risk, minimal cost, and less emotional
stress.
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 The Index Fund Solution
by Richard Evans
Experience conclusively shows
that index fund buyers obtain results
exceeding those of the typical
fund managers. The book is divided
into two parts: it first compares
index and actively managed funds
and discusses development of a
relevant financial plan; its second
explains how to create and monitor
just such a portfolio in order
to meet one's individual needs
optimally |
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 Intelligent Asset Allocator
by William Bernstein
Bernstein has become a guru
to a peculiarly '90s group: well-educated
people intent on investing well.
This book clearly explains the
principles of modern portfolio
theory and why investors would
be better off to invest in custom
index funds, like those from Dimensional
Fund Advisors. It is a must read
for both institutional and individual
invesotrs. |
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 Asset Allocation
by Roger C. Gibson
Financial experts agree: Asset
allocation is the key strategies
for maintaining a consistent yet
superior rate of investment return.
Now, Roger Gibson's Asset Allocation
- the bestselling reference book
on this popular subject for a decade
has been updated to keep pace with
the latest developments and findings. |
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 Winning with Mutual Funds
by Tweddell
With their enviable track record,
low expenses, and moderate risk,
index funds are poised to become
the next big wave for investors.
This book shows how anyone can
climb on board--and make higher
returns. It is the first book to
provide the total index fund story--and
why they beat most professionally
managed funds on Wall Street. |
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Category
Four: Interviews and Writings of the Experts |
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These books were used
in the development of the investment strategies
of Index Funds Advisors. In most cases
the book images are links to amazon.com,
so that you may purchase them. Learn and
enjoy!
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 The Investor's Anthology,
By Ellis & Vertin
This anthology brings together original writings from many
of the biggest names in finance, including Warren Buffett,
Barton Biggs, Benjamin Graham, John Templeton, and other
luminaries who have helped shape the face of modern finance.
Eternal wisdom about the financial markets, compiled by
one of the most astute minds in the field. A must-read
for the serious investor.--John C. Bogle, Chairman of The
Vanguard Group
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 Investment Gurus, By Peter
Tanous
At the heart of this book are
Tanous's interviews with 18 top
money managers and academics, including
Mario Gabelli, William F. Sharpe,
Peter Lynch, Laura J. Sloate, and
Merton Miller. The book concludes
with "Your Roadmap to Wealth," which
summarizes the success factors
common to each of the money managers
interviewed and suggests ways to
develop an "intelligent personal
investment plan." - Howard Rothman
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Category Five: Reference and Others |
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 Stocks Bonds Bills
and Inflation : Yearbook
Since its publication over 20
years ago, thousands of finance
and investment professionals
have depended upon the Stocks,
Bonds, Bills, and Inflation
(SBBI) Yearbook for the most
authoritative historical data
on U.S. asset classes. The data
gives a comprehensive, historical
view of the performance of capital
markets dating back to 1926.
Containing total returns and
index values for large and small
company stocks, long-
term corporate bonds...
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