Personal Finance reading

[shri]

@HowardCoombs - moved to a more appropriate thread.

[shri]

Ordered it - light weekend entertainment.

[cendrillon]

A minor tangent if I might : What is a good book or 2 to suggest to a beginner to read?

I've got a 19 year old with about 50K in savings. She is in business school, learning about stocks and bonds and balance sheets and income statements. Has zero experience in actually investing. I can teach her the mechanics but I wanted to get her a book or 2 helping her pick sectors and stocks (or tracking funds).

I dont know where to point her. Any suggestions?

This is pretty good:

https://www.amazon.com/gp/product/15...t_bibl_vppi_i0

[kittykaitak]

Free and easy read:

https://www.etf.com/docs/IfYouCan.pdf

[Elefant&Castle]

Warren Buffett in all caps - but it is not actually written by him - it is written by Mary Buffett, ex-wife of musician Peter Buffett (the great man's youngest son). I have not read it - and not saying it is bad - but don't like how they are milking the name.

It made me think of this one - which I have read:
Accounting for Value by Stephen Penman

https://www.amazon.com/Accounting-Co.../dp/0231151187

Recommended - not just for the 19 year old.

[shri]

Got the second book as well.

Interesting that someone mentioned Mary Buffet a couple of posts ago. Got curious and did research her.

Unlike yourself or Buffet, I look at the annual reports for the narratives and guidance and basic numbers, not with a microscope for sure.

[Morrison]

Short History of Financial Euphoria

[freeier]

my always first recommended book, Reminiscences of a stock operator, before you touch any investment products and markets

[shri]

A lot of interesting recommendations and perhaps a few tangents worth taking, in this article:

To do that, Mr. Parrish advises investors like Scott Miller, the founder of Greenhaven Road Capital, to disconnect from the noise and read deeply.

“I will leave my computer and go into a separate room to read,” said Mr. Miller, an early sponsor of Farnam Street who is currently reading “Atomic Habits: An Easy and Proven Way to Build Good Habits and Break Bad Ones,” by James Clear. “It feels weird to do this in the middle of the day — but I do it.”

https://www.nytimes.com/2018/11/11/b...ll-street.html

[traineeinvestor]

To add to the list of excellent books on this subject, The Myth of the Rational Market by Justin Fox does a great job of debunking a lot of accepted wisdom that markets set prices efficiently.