The best books to read if you want to retire with millions in the stock market

Peter J. Tanous Author Of The Pure Equity Plus Plan: Your Path to a Multi-Million Dollar Retirement
By Peter J. Tanous

Who am I?

I’ve been a professional investment advisor for over 50 years and it took me that long to figure out the best way for individuals to retire with a decent size multi-million dollar fortune. The books I recommend speak to this topic from some fascinating and different points of view. But why did it take so long? I don’t know. I suppose the obvious answers aren’t so obvious at first, especially in a business as complex as the securities industry. But I think I finally figured it out and the solution is so elegantly simple. My professional life’s work!


I wrote...

The Pure Equity Plus Plan: Your Path to a Multi-Million Dollar Retirement

By Peter J. Tanous,

Book cover of The Pure Equity Plus Plan: Your Path to a Multi-Million Dollar Retirement

What is my book about?

After working on Wall Street and in the stock market for over 50 years, I finally found the closest thing to a surefire, history-tested way to retire with a fortune in the stock market. And the formula I explain in the book is blessedly simple! I’m not the only one. Warren Buffett has been advocating a similar approach for even more than 50 years, but is anybody listening? Now is the time!

The books I picked & why

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Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

By Fred Schwed,

Book cover of Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

Why this book?

This book is over 60 years old but so relevant today! The headline involves a brokerage firm customer looking at all the yachts owned by stockbrokers, hence the question in the title. A well-known writer friend of mine put it another way: “The broker made money, his investment firm made money, and two out of three ain’t bad.” I love this book that zeroes in on the conflict brokers have between their own interests and the interests of their clients.


Money Masters of Our Time

By John Train,

Book cover of Money Masters of Our Time

Why this book?

The book features the ideas of some of the most successful investors of all time, including Warren Buffett, Benjamin Graham, and John Bogle. What was it that made these investors so successful, and why are there so few of them?  Money Masters was one of the first in a series of books about the success of some of Wall Street’s greatest investors and it is still relevant today. These books are especially useful in preserving the thinking of great investors after they pass on. The book adds fuel to the fire of the “Efficient Market Theory” which holds that the market is highly efficient and the only way you can beat it is through luck! Try telling that to some of these great investors!


Against the Gods: The Remarkable Story of Risk

By Peter L. Bernstein,

Book cover of Against the Gods: The Remarkable Story of Risk

Why this book?

This is a wonderful history of risk going back to 17th-century mathematicians through present day. Bernstein makes the point that understanding risk is at the heart of most all the decisions we make. As you’ll see from my book recommendations, I am obsessed with risk and its history and have discussed it at length in my own books. Bernstein’s book is one of the classics.


The Black Swan: The Impact of the Highly Improbable

By Nassim Nicholas Taleb,

Book cover of The Black Swan: The Impact of the Highly Improbable

Why this book?

This huge bestseller is a trailblazer on many levels. For one, the author has a keen sense of humor and relates his theories to his history growing up in Lebanon. Taleb is in my opinion one of the smartest people on the planet. He breaks new ground in the analysis of risk by explaining and expanding on the concept of fractal geometry and how it relates to what we know and don’t know about risk. I recommend you read this and all of Taleb’s books.


The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

By John C. Bogle,

Book cover of The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Why this book?

You probably know that Jack Bogle is the father of the index fund industry and here’s an opportunity to hear why he thinks index funds are the best way to invest in the market. I agree completely and like Bogle, I love to provide evidence that the market is so hard to beat, only a fraction of the active fund and investment managers do it consistently. So why take the chance? Read this and hear it from the master.


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