Selected Books of Interest to Independent Investors
Online Books on InvestingHere's a list of Bylo's favourite online books and general articles on investing. They're listed roughly in order of increasing difficulty, so it's best to start at the top and work your way down.
[ indicates a Canadian resource.]
IntroductoryFact and Fantasy in Index Investing [Eric Kirzner]
IntermediateA Primer for Canadian Do-It-Yourself Investors ["Shakespeare"]
Investment Strategies for the 21st Century [Frank Armstrong]
12-Step Program to Index Funds [Index Funds Advisors]
The Intelligent Asset Allocator [Bill Bernstein] (Now available only in print.)
AdvancedAn Introduction to Investment Theory [Will Goetzmann]
Macro-Investment Analysis [William Sharpe]
MiscellaneousHistory of Finance Theory [Center for Economic Policy Analysis (CEPA)]
Archive for the History of Economic Thought [McMaster University]
Study Finance [Online tutorials from University of Arizona]
Books on InvestingHere's a list of Bylo's favourite books on investing. They're listed roughly in order of increasing difficulty, so it's best to start at the top and work your way down.
[ indicates the Canadian edition of a book that may also be available in other editions, e.g. The Wealthy Barber.]
IntroductoryDavid Chilton, The Wealthy Barber. Stoddart, 1989.
John C. Bogle, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns. ISBN: 978-0470102107, Wiley, 2007.
Bill Schultheis, The Coffeehouse Investor. ISBN: 156352600X, Longstreet, 1998 and Bylo's review.
Bill Bernstein, The Four Pillars of Investing: Lessons for Building a Winning Portfolio. ISBN 0071385290, McGraw Hill, 2002 and Jon Chevreau's review.
Bruce Cohen, The Money Adviser. 2nd ed. Stoddart, 1998.
Ted Cadsby, The Power of Index Funds: Canada's Best-Kept Investment Secret. Stoddart, 1999 [out of print] and Bylo's review.
IntermediateHoward Atkinson and Donna Green, The New Investment Frontier: A Guide to Exchange Traded Funds for Canadians. ISBN: 1894663144, Insomniac Press, 2001 and Bylo's review.
Explains what ETFs are and how to use them to create a low-cost indexed portfolio. Describes the structural and tax differences between Canadian and US ETFs.
Ted Cadsby, The Ten Biggest Investment Mistakes Canadians Make: And How to Avoid Them. Stoddart, 2000 [out of print] and Morningstar review.
Burton G. Malkiel, A Random Walk Down Wall Street. 7th Ed. W W Norton, 1999.
Peter L. Bernstein, Capital Ideas: The Improbable Origins of Modern Wall Street. Free Press, 1993.
William Bernstein, The Intelligent Asset Allocator. ISBN: 0071362363, McGraw-Hill, 2000.
John C. Bogle, Bogle on Mutual Funds: New Perspectives for the Intelligent Investor. Dell, 1994.
John C. Bogle, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. Wiley, 1999.
John C. Bogle, John Bogle on Investing: The First 50 Years. ISBN: 0071364382, McGraw-Hill, 2000.
Jonathan Chevreau, et al, The Wealthy Boomer. Key Porter, 1998 and Bylo's review.
Jeremy J. Siegel, Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies. 2nd Ed. McGraw-Hill, 1998.
Larry E. Swedroe, The Only Guide to a Winning Investment Strategy You'll Ever Need. Penguin, 1998.
Larry E. Swedroe, What Wall Street Doesn't Want You to Know: How You Can Build Real Wealth Investing in Index Funds. ISBN: 031227260X, St. Martin's Press, 2000.
Larry E. Swedroe, Rational Investing in Irrational Times. ISBN: 0312291302, Truman Talley Books, 2002.
Larry E. Swedroe, The Successful Investor Today. ISBN: 0312309791, Truman Talley Books, 2003.
AdvancedBylo doesn't read advanced material. It makes his head hurt.
Books on Related SubjectsDemographics
David K. Foot, Boom, Bust & Echo: How to Profit From the Coming Demographic Shift. Macfarlaine, Walter & Ross, 1996.
Frugality and Simplicity
Joe Dominguez and Vicki Robin, Your Money or Your Life. Penguin, 1993.
Mutual Fund Industry
John Lawrence Reynolds, The Naked Investor. ISBN: 0143016237, Penguin, 2005.
Robert Slater, The Vanguard Experiment. ISBN: 0786305592, Irwin, 1996.
Daniel Stoffman, The Money Machine: How the Mutual Fund Industry Works & How to Make It Work for You. ISBN: 1551990520, Macfarlaine, Walter & Ross, 2000.
Bruce Cohen and Brian Fitzgerald, The Pension Puzzle :Your Complete Guide to Government Benefits, RRSPs, and Employer Plans, 3rd ed. ISBN: 978-0470839539. John Wiley & Sons, 2007.
Retirement and Estate Planning
Zvi Bodie and Michael Clowes, Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals. ISBN 0130499277, Financial Times Prentice Hall, 2003
Jim C. Otar, High Expectations & False Dreams: One Hundred Years of Stock Market History Applied to Retirement Planning. ISBN: 0968963404. Otar, 2001.
Sandra E. Foster, You Can't Take It With You: The Common-Sense Guide to Estate Planning for Canadians. Wiley, 1997.
Gary Belsky and Thomas Gilovich, Why Smart People Make Big Money Mistakes-And How to Correct Them: Lessons from the New Science of Behavioral Economics. Simon & Schuster, 1999.
Peter L. Bernstein, Against the Gods: The Remarkable Story of Risk. John Wiley & Sons, 1998.
Moshe Milevsky with Michael Posner, Money Logic: Financial Strategies for the Smart Investor. ISBN: 0773731711, Stoddart, 1999.
Moshe Milevsky and Aron Gottesman, Insurance Logic: Risk Management Strategies for Canadians. ISBN: 0773733264, Stoddart, 2002.
Edward L. Chancellor, Devil Take The Hindmost: A History Financial Speculation. ISBN: 0374138583, Douglas & McIntyre, 1999. [A modern-day version of MacKay's classic.]
Charles MacKay, Extraordinary Popular Delusions And The Madness Of Crowds. 1841 [Click to read online (see External links), or you can buy a copy at any bookstore.]
Unabashed Solicitation for Free BooksIf you're the author or promoter of a book you believe belongs on this list, then send Bylo a copy for review. If it passes Bylo's taste test, then it will be added to the list. If your book is free, then Bylo's listing will be free. Fair enough?
For information on submitting your book just e-mail Bylo.