Here are 77 books that Common Sense on Mutual Funds fans have personally recommended if you like
Common Sense on Mutual Funds.
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As a child, I often wondered why people behave as they do, think and believe in certain ways, and/or rationalize away their behavior, ranging from the criminal to the bizarre. I have researched and studied the mind for nearly fifty years now. I have written or co-authored more than twenty books on the subject.
My new book, Mind Training, co-authored with my wife and student of over thirty years, is the culmination of everything we’ve learned. In reality, it's a story that crosses over many disciplines, cites over 200 studies, offers multiple tools for empowerment in every chapter, and does so in the personable and friendly manner that my co-author is so very good at doing.
Daniel Kahneman’s book is a must read for all who desire to understand their mind/brains and thereby maximize the use of the mind’s power over our lives.
In clear language, Daniel Kahneman illustrated the heuristic shortcuts that often limit our understanding and predispose our actions. We all hold onto outdated psychological mechanisms that create self-imposed limitations, and in doing so, we can find ourselves living out self-limiting lives.
Kahneman does an excellent job at showing us how we think we understand what we really don’t. His transparent and careful treatment of his subject has the potential to change how we think, not just about thinking, but about how we live our lives.
The phenomenal international bestseller - 2 million copies sold - that will change the way you make decisions
'A lifetime's worth of wisdom' Steven D. Levitt, co-author of Freakonomics 'There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Thinking, Fast and Slow' Financial Times
Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast,…
Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!
On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…
In my first year as an undergraduate in computer science at the University of Illinois, I took two classes that set the course for my 54-year career (6 years at TRW Systems aerospace firm, and 48 years teaching at Harvard and Princeton Universities): 1) introduction to optimization, and 2) computer algorithms. These topics continue to fascinate me, especially as they relate to improving investment performance via modern optimization technology and data sciences. Optimization plays a critical role in many domains, including supply chains, quantitative finance, and machine learning algorithms. Everyone interested in improving performance ought to understand the successful uses of this proven technology.
There is much evidence that individuals often suffer from inertia when it comes to making significant decisions – including investment choices.
This engaging book by Professor Milkman at the Wharton School aims to create a climate in which “change” can be accomplished in an efficient, systematic, and relatively painless way. There are numerous examples of improvements by both individuals and organizations. This highly readable book is a must for anyone interested in creating and sustaining positive change habits, for example, to encourage increased savings and systematic investment policies.
Professor Milkman is one of our successful undergraduate alums and participates on the advisor committee of the ORFE Department at Princeton. She is a terrific teacher and writer. The lessons in this book are most appropriate for investors who are interested in establishing and maintaining sound habits to improve their investment performance.
'Game-changing. Katy Milkman shows in this book that we can all be a super human' Angela Duckworth, bestselling author of Grit
How to Change is a powerful, groundbreaking blueprint to help you - and anyone you manage, teach or coach - to achieve personal and professional goals, from the master of human nature and behaviour change and Choiceology podcast host Professor Katy Milkman.
Award-winning Wharton Professor Katy Milkman has devoted her career to the study of behaviour change. An engineer by training, she approaches all challenges as problems to be solved and, with this mind-set, has drilled into the roadblocks…
In my first year as an undergraduate in computer science at the University of Illinois, I took two classes that set the course for my 54-year career (6 years at TRW Systems aerospace firm, and 48 years teaching at Harvard and Princeton Universities): 1) introduction to optimization, and 2) computer algorithms. These topics continue to fascinate me, especially as they relate to improving investment performance via modern optimization technology and data sciences. Optimization plays a critical role in many domains, including supply chains, quantitative finance, and machine learning algorithms. Everyone interested in improving performance ought to understand the successful uses of this proven technology.
This book is an outgrowth of a course at Stanford University on applying quantitative methods to improve financial decision making.
Professor Luenberger has a superior talent at writing clear and logical textbooks on optimization topics. He shows the benefits of employing nonlinear programs for several applications, including pricing complex options, and achieving rebalancing gains over time. In his telling, volatility provides an opportunity to improve performance. The linkage of optimization and investing is a special treat.
Investment Science, Second Edition, provides thorough and highly accessible mathematical coverage of the fundamental topics of intermediate investments, including fixed-income securities, capital asset pricing theory, derivatives, and innovations in optimal portfolio growth and valuation of multi-period risky investments. Eminent scholar and teacher David G. Luenberger, known for his ability to make complex ideas simple, presents essential ideas of investments and their applications, offering students the most comprehensive treatment of the subject available. New to this edition Three new chapters: Risk Management, Credit Risk, and Data and Statistics Updated content and expanded coverage of many topics, including the capital asset pricing…
Stealing technology from parallel Earths was supposed to make Declan rich. Instead, it might destroy everything.
Declan is a self-proclaimed interdimensional interloper, travelling to parallel Earths to retrieve futuristic cutting-edge technology for his employer. It's profitable work, and he doesn't ask questions. But when he befriends an amazing humanoid robot,…
In my first year as an undergraduate in computer science at the University of Illinois, I took two classes that set the course for my 54-year career (6 years at TRW Systems aerospace firm, and 48 years teaching at Harvard and Princeton Universities): 1) introduction to optimization, and 2) computer algorithms. These topics continue to fascinate me, especially as they relate to improving investment performance via modern optimization technology and data sciences. Optimization plays a critical role in many domains, including supply chains, quantitative finance, and machine learning algorithms. Everyone interested in improving performance ought to understand the successful uses of this proven technology.
Ed Thorp is one of the most successful quantitative investors of all time. He proved the advantages of a systematic approach to take advantage of special edges that occur from time to time in markets and even games of chance – such as card counting in Blackjack.
The underlying strategy is to maximize the expected log of capital – sometimes called the growth optimal or Kelly strategy. This strategy has multiple benefits but can suffer from limitations – as reviewed in this book – including the chances of large drawdown during shorter time periods.
Still, the growth optimal strategy provides an upper bound on pursuing leverage and taking excessive risks, providing a motivation for systematic risk controls and the enduring advantage of long-short strategies such as betting-against-beta.
This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different…
I love helping people save money in creative ways, build wealth, and gain financial freedom. Thankfully, my Dad taught me how to budget when I was 12 years old. My accounting professor used a ski lift as a way to analyze business profitability. I could visualize that! At Citibank, I found that people were overwhelmed with their finances and Wall Street was confusing. I’m a CPA and MBA in Finance. I love writing, sharing examples, and finding straightforward ways to help people save money and build wealth. These experiences showed me how to make my money work for me. I show you how to make your money work for you!
Chuck Jaffe knows personal finance and especially mutual funds. He’s spent a lifetime mastering personal finance including from his early days with The Boston Globe newspaper.
This guide is a comprehensive roadmap to understanding and investing in mutual funds. Jaffe’s A to Z resource helps readers get started and create a long-term investing plan with mutual funds. He explains asset allocation to help design an investment portfolio. He reveals the characteristics of winning and losing mutual funds.
Two great chapters are "Seven Steps to Buying a Fund" and "Twelve Questions to Ask Before You Buy". He helps us avoid pitfalls that cost investors money. Designed for seasoned and new investors alike. While other books are ‘cloudy’ Jaffe writes in plain English and explains it all.
encyclopaedic in its scope yet easy-to-use, this mutual-fund "owner's manual" is a one-stop resource for anyone who wants to go beyond the basics and start planning long-term, profitable fund investments. Breezy, readable, and organized into manageable mini-chapters, it will prove indispensable for investors with all levels of financial experience and knowledge. Syndicated columnist Chuck Jaffe is an idea coach to the ins and outs of mutual-fund ownership, from buying and selling funds to passing them on to heirs. He cuts through the clutter that confuses many investors and costs them money.
I love helping people save money in creative ways, build wealth, and gain financial freedom. Thankfully, my Dad taught me how to budget when I was 12 years old. My accounting professor used a ski lift as a way to analyze business profitability. I could visualize that! At Citibank, I found that people were overwhelmed with their finances and Wall Street was confusing. I’m a CPA and MBA in Finance. I love writing, sharing examples, and finding straightforward ways to help people save money and build wealth. These experiences showed me how to make my money work for me. I show you how to make your money work for you!
One of the best investment books on the stock market of all time. William O’Neil is the founder of Investors Business Daily (IBD) newspaper. He combines fundamental (business) and technical analysis (charts). W
hile money managers and investment advisors talk about analyzing companies, O’Neil’s secret sauce is mastering the statistics – where the market is and where it’s heading. While news is important, trading volume and patterns capture the business’s prospects in real time and these show you how to trade.
The data provide the clues. And this book shows you the way, with common-sense techniques and strategies in plain English in 24 key lessons. This is the key to building wealth in the stock market A must read for new and seasoned investors alike.
One of the world's leading investment advisers offers unique investing do's and don'ts that help you multiply your money. Drawing from his highly popular "26 Weeks to Investment Success" series in "Investor's Business Daily", chairman and founder William J. O'Neil gives you a bounty of proven, easy-to-apply techniques for building a profitable portfolio. O'Neil cuts through the static of conventional "wisdom" with a refreshing array of common-sense strategies that help you: accurately gauge the market; buy and sell stocks at just the right moment; seize opportunities presented by market corrections; take advantage of the rich potential of mutual funds; and…
Nature writer Sharman Apt Russell tells stories of her experiences tracking wildlife—mostly mammals, from mountain lions to pocket mice—near her home in New Mexico, with lessons that hold true across North America. She guides readers through the basics of identifying tracks and signs, revealing a landscape filled with the marks…
I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.
As head of the Yale University endowment fund, the late David Swensen was one of the foremost innovators and most successful practitioners of institutional investing. Remarkably, he also wrote one of the best books ever for individual investors. Unconventional Success shows why on average, mutual fund investors significantly underperform the funds they own: They trade excessively, buying at the highs and selling at the lows, creating tax inefficiencies in the process. Swensen also valuably details hazards to avoid in fund selection.
In UNCONVENTIONAL SUCCESS, investment legend David Swensen reveals why the for-profit mutual fund industry consistently fails the average investor, from its excessive management and incentive fees to the frequent 'churning' of portfolios that forces investors to pay higher taxes. Perhaps most destructive of all are flagrant schemes designed to thwart regulators and further erode portfolios, limiting investor choice and reducing returns. Swensen's solution? A 'contrarian' investment alternative that creates more diversified, equity-oriented, 'market-mimicking' portfolios that minimize loss and reward the investor with the courage to stay the course. Swensen backs up his unconventional proposal with well-documented evidence supporting not-for-profit investment…
I'm very passionate about teaching children's financial literacy and business because with social media, it's easy for children to get caught up in the flashy and shiny materialist things. I like to teach kids about business and how to use the mistakes in business to scale and grow. I have expertise in this area as I've written three books, taught financial literacy & business at schools, and own a few different businesses. After I graduated college, I was thrown into the 'real world' with a good job and learned my lessons the hard way by spending too much money on things that did not matter. Hence my passion to want to help The Misguided.
This book is a great option for children who want more activity rather than just reading. This book will keep you engaged!
It's another great option to work with your children and spend quality time teaching them how to make better financial decisions so that they are prepared for the world. I really enjoyed completing this book with my little nephew and the joy on his face when he realized how much money he can potentially have in the future is priceless.
Help your child become a financial whiz kid—for ages 8 to 12
It’s never too early to set children on the path to financial literacy. This activity book, a companion to Investing for Kids, teaches them how to become savvy with their finances. Through educational and engaging exercises, they’ll learn how to track their spending, make good investments, and so much more.
Build a financial vocabulary—Your kid will sound like a finance pro as they learn all sorts of important financial terms like mutual funds, debit vs. credit, and simple interest vs. compound interest.
Explore engaging activities—They’ll develop their money…
I am a veteran semi-retired Canadian financial journalist who has long made a distinction between the terms “Retirement” and “Financial Independence.” I recently turned 70 and have been financially independent since my early 60s BUT I am not yet retired. I coined the term Findependence in my financial novel Findependence Day, and since 2014 have been running the Financial Independence Hub blog, with new blogs every business day.
The late Jack Bogle, founder of Vanguard Group, published this excellent book in 2009.
Consider the following apophyrical tale related in Chapter 10 of Enough: “Too Much Success, Not Enough Character.”
It concerns an old greyhound who spent his days at a race track chasing a mechanical rabbit. Over the years, the dog had won over a million dollars for his owner but ultimately decided to quit: not because he was mistreated or had become disabled but because “I found out that the rabbit I was chasing wasn’t even real.”
Those who accumulate more money than they need in life and end up as the richest denizen in the cemetery would do well to reflect on the main premises of Enough. Remember, financial independence is about having income exceed expenses, no matter how modest those expenses might be. It’s about working only because you want to, not because you…
John Bogle puts our obsession with financial success in perspective Throughout his legendary career, John C. Bogle-founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund-has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Along the way, he's seen how destructive an obsession with financial success can be. Now, with Enough., he puts this dilemma in perspective. Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, Enough. seeks, paraphrasing Kurt Vonnegut,…
The Bridge provides a compassionate and well researched window into the worlds of linear and circular thinking. A core pattern to the inner workings of these two thinking styles is revealed, and most importantly, insight into how to cross the distance between them. Some fascinating features emerged such as, circular…
My first job after college was at The Wall Street Journal, working evenings as a copyreader. It was thrilling to enter a big-league newsroom, but torture to be confined to putting tiny headlines on even tinier stories. Then at age 23, after a whirlwind staff shuffle, I started writing the paper’s premier stock-market column, “Heard on the Street.” Daylight had arrived. For the next 11 years, I covered finance. I met billionaires and people en route to prison. It wasn’t always easy to tell them apart! My writing career has widened since then but sizing up markets – and the people who rule them – remains an endless fascination.
I’d known – from some of my early Wall Street Journal work – that Soros was a philosophy student in London before he embarked on the Wall Street pursuits that made him a billionaire. This operates on a higher mental plane than 99% of what’s written about Wall Street. It’s packed with philosophical riffs that are not easy to crack. And yet, it’s a sincere effort by Soros to explain his vast, enduring hedge-fund success. You have to be in the right mood to accept his challenge. If so, I found it made for an excellent series of evening quests as I worked through the text, slowly turning bewilderment into insights.
New chapter by Soros on the secrets to his success along with a new Preface and Introduction. New Foreword by renowned economist Paul Volcker "An extraordinary ...inside look into the decision-making process of the most successful money manager of our time. Fantastic." -The Wall Street Journal George Soros is unquestionably one of the most powerful and profitable investors in the world today. Dubbed by BusinessWeek as "the Man who Moves Markets," Soros made a fortune competing with the British pound and remains active today in the global financial community. Now, in this special edition of the classic investment book, The…
