The biggest mistake an investor can make is not reading a few great books on Personal Finance to learn the proper way to invest for the long term. Those authors that come to mind are Bogle, Malkiel, Swede, and Wm Bernstein
I’m not sure personal finance necessarily fits in book format for all. Specific philosophies about how to think about timelines, save v. spend, regular habits/automation, investment choice and diversification, risk, divestment planning can be communicated fairly simply and specifics change making online sources better for regular updates.
E.g. I’ve never been near “Die with Zero” as a book but I understand the core messages.
Sometimes learning is better served by correlating personal principles against ideas from multiple sources.
I suspect I’m an outlier around here. I read voraciously, mostly sci-fi, business/economic history, and adventure/exploration, yet I’ve never read a personal finance book. That includes the authors you mentioned, and even our own Jonathan Clements.
You’re no outlier, Mark. I’m a fanatical reader of nonfiction — history and autobiographies, usually two at a time (one on the meal table, one in the… ahem… bathroom) — but I don’t have a single personal finance book on my shelf.
I would also consider adding Larry Swedore, Wade Pfau, and Richard Ferri to your author list.
I’m not sure personal finance necessarily fits in book format for all. Specific philosophies about how to think about timelines, save v. spend, regular habits/automation, investment choice and diversification, risk, divestment planning can be communicated fairly simply and specifics change making online sources better for regular updates.
E.g. I’ve never been near “Die with Zero” as a book but I understand the core messages.
Sometimes learning is better served by correlating personal principles against ideas from multiple sources.
The Joys of Compounding, The Passionate Pursuit of Lifelong Learning – by Gautam Baid
Richer, Wiser, Happier – by William Green
Dividends Still Don’t Lie – By Kelley Wright
I suspect I’m an outlier around here. I read voraciously, mostly sci-fi, business/economic history, and adventure/exploration, yet I’ve never read a personal finance book. That includes the authors you mentioned, and even our own Jonathan Clements.
You’re no outlier, Mark. I’m a fanatical reader of nonfiction — history and autobiographies, usually two at a time (one on the meal table, one in the… ahem… bathroom) — but I don’t have a single personal finance book on my shelf.