Here are 100 books that Winning the Loser's Game fans have personally recommended if you like
Winning the Loser's Game.
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When I was growing up, I saw family members and friends, who were otherwise smart people who could master other aspects of their lives, have difficulty with personal finance decisions and investing. When my dad was laid off during a recession, he had some retirement money distributed to him, and I got interested in investing as he researched and tried with difficulty to handle this money himself. In my young adult years, I was a sponge to learn as much as I could about personal finance.
I first read this book as required reading for a college course, and it greatly changed how I thought about investing.
Over the years, I’ve read updated editions, and it never gets stale and always includes new information and insights. But the foundational issues have stood the test of time and remain in the newest edition.
I also love this book because it introduced me at a young age to mutual funds and Vanguard.
Today's stock market is not for the faint hearted. At a time of frightening volatility, the answer is to turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street now features new material on "tax-loss harvesting"; the current bitcoin bubble and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. And as always, Malkiel's core insights-on stocks and bonds, as well as investment trusts, home ownership and tangible assets…
I have over four decades of experience working and innovating in the financial markets and have been a prolific contributor to academic and practitioner finance literature. I started my career at Salomon Brothers in 1984, where I became a managing director in the bond-arbitrage group, and in 1993 I was a co-founding partner of the hedge fund Long-Term Capital Management. I founded Elm Wealth in 2011 to help clients, including my own family, manage and preserve their wealth with a thoughtful, research-based, and cost-effective approach that covers not just investment management but also broader decisions about wealth and finances.
I loved how this “Little Book" gets right to the point and explains why every investor should include low-cost index ETFs in their portfolios. This is a great guide for beginners and old hands alike. It is a book devoted to simplicity.
I loved Bogle’s “Cost Matters Hypothesis” which is simpler and more relevant than the also important “Efficient Markets Hypothesis” that is taught in Finance 101 classes.
I felt this book empowered me to take control of my financial life. It’s a book I always recommend to people who are looking to improve their financial lives. I learned a lot from Vanguard founder John Bogle's 80+ years of experience and wisdom. Invest just 60 minutes in this book and reap a lifetime of informed, confident investing decisions.
The best-selling index investing "bible" offers new information and is updated to reflect the latest market data The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund veteran John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks the S&P 500 Stock Index. Such an index portfolio is the only investment that guarantees your fair share of…
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…
Hi, I’m Neil. We need to live our tiny, precious lives with intention. I write about failure, resilience, happiness, trust, and gratitude. I’m the New York Times bestselling author of 10 books and journals that have sold over 2,000,000 copies and spent over 200 weeks on bestseller lists, including The Happiness Equation, Two-Minute Mornings, and You Are Awesome. I host the award-winning, ad-free, sponsor-free podcast 3 Books, where I’m on a 22-year quest to uncover the 1000 most formative books in the world. Guests include Brené Brown, Quentin Tarantino, and David Sedaris. I give over 50 keynote speeches a year at places like Harvard, SXSW, and Microsoft.
If I were teaching a course on life, this would be a mandatory textbook. Talib defines black swan events as events that 1) are disproportionately huge, 2) cannot be predicted, and 3) are mistakenly explained in retrospect with hindsight and fallacies.
This book helped me leave my corporate job and strike out on my own. Why? To help unroll the canvas of myself and my life, so I was more exposed to black swan events, leading me to write more books and have more unlikely, amazing experiences.
The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions…
Ever since I can remember, I have been fascinated with people’s stories. I think this came from my grandfather, who, whether we liked it or not, would gather his grandkids in his study and wax poetically about his life. He was a writer and a teacher, so he knew how to spin a tale and keep even the most inattentive grandchildren captivated. I have for many years referred to myself as a “memoir junkie,” consuming life after life like a starving drifter. Memoirs are a great way to continue to remind ourselves that life is guaranteed to provide us with struggle, but we are equipped to overcome it. We must endure, explore, and prevail.
If you want a FIRE lit under your ass, read this book!
I love this book so much and have reread this one a couple of times because of the sheer injection of motivation I get straight into my veins when I read it. What I love about this first memoir from David is his brutal honesty about his childhood and his subsequent journey to become “the baddest motherfucker on the planet.”
This guy is the quintessential story of polishing a terd long enough, you will get a diamond. Whenever I am feeling sorry for myself, my mind goes back to this book. I think, “If David can do it, I can too. This is nothing compared to the odds he faced, and look at him now!”
For David Goggins, childhood was a nightmare -- poverty, prejudice, and physical abuse colored his days and haunted his nights. But through self-discipline, mental toughness, and hard work, Goggins transformed himself from a depressed, overweight young man with no future into a U.S. Armed Forces icon and one of the world's top endurance athletes. The only man in history to complete elite training as a Navy SEAL, Army Ranger, and Air Force Tactical Air Controller, he went on to set records in numerous endurance events, inspiring Outside magazine to name…
I grew up in the 1960s and 1970s in western Sonoma County, California, surrounded by forests, rivers, and the Pacific Ocean. Yet this idyllic setting was shaken by the assassinations of the Kennedy brothers and Dr. Martin Luther King, Jr.; the Vietnam War; civil rights riots; Nixon and Watergate; the Pentagon Papers; Weather Underground bombings; Patti Hearst with a machine gun; and four students killed at Kent State. These events led me to major in Politics at UC Santa Cruz and become an investigative journalist. I soon realized the U.S. is built not only on equal rights and freedom but also on systemic disparity, injustice, and violence.
Set within the greatest mass migration in American history, Steinbeck’s 1939 classic follows the Joad family as they join nearly three million others who escape the Dust Bowl of the American Midwest.
Usurious banks have foreclosed and crushed the bereft farmers. More than 200,000 refugees head for California, and the Joads join them in an ambling caravan of rattling jalopies. Young Rose of Sharon moves pregnant across the continent, emblematic of both the promise and the peril of the human condition. She’s surrounded by family and hangers-on who ford the wasted continent, only to face a glut of labor in the vast farms of California and the brutal exploitation of the owner classes. The Joads are slapped with the bitter understanding that the promise of California exists largely in myth. Yet always Steinbeck returns to the promises of human connection and even happiness that beckon from just over the next…
'I've done my damndest to rip a reader's nerves to rags, I don't want him satisfied.'
Shocking and controversial when it was first published, The Grapes of Wrath is Steinbeck's Pultizer Prize-winning epic of the Joad family, forced to travel west from Dust Bowl era Oklahoma in search of the promised land of California. Their story is one of false hopes, thwarted desires and powerlessness, yet out of their struggle Steinbeck created a drama that is both intensely human and majestic in its scale and moral vision.
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.
Forget bromides such as buying a stock because your experience with the company’s product has been good. The hugely successful money manager Howard Marks makes the essential point that the goal is not to find good companies but to make good purchases. “It’s not what you buy,” he says, “it’s what you pay for it.” Investors who are interested in good outcomes rather than thrills will find many more sound principles in this book.
"This is that rarity, a useful book."--Warren Buffett Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor. Informed by a lifetime of experience and study,…
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.
Investment manager Michael Mauboussin illuminates mental errors that impede investment success with excellent real-life examples. The good news is that these errors are avoidable. Relying on expert opinion is useful in some cases but not in others. Mauboussin also deflates the “great company” myth, citing research that finds the stocks of companies hailed as champions by business magazines subsequently underperform the stocks of companies derided by the same periodicals.
No matter your field, industry, or specialty, as a leader you make a series of crucial decisions every single day. And the harsh truth is that the majority of decisions-no matter how good the intentions behind them-are mismanaged, resulting in a huge toll on organizations, the people they employ, and even the people they serve. So why is it so hard to make sound decisions? In Think Twice, now in paperback, Michael Mauboussin argues that we often fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive…
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.
Financial journalist Jason Zweig shows how the young field of neuroeconomics explains the biological factors underlying smart people’s irrational investment decisions. For example, brain scans show that the fear center lights up when investors consider putting money into foreign stocks, despite the demonstrated value of international diversification. Also to their detriment, investors perceive patterns of returns where none exist. It’s imperative to understand these cognitive errors to get proper control over investments.
If my early childhood was any indication, I would be the last person you would want to take financial and retirement advice from. Why? Growing up, we never had any money! Every day was a struggle for my single mom of five. At an early age, I knew I didn’t want to be poor and struggle for everything. I knew I wanted to enjoy life and experience it to the fullest. I’d watch adventure movies such as Raiders of the Lost Ark and dream of going to exotic countries and on adventures like Indiana Jones. From those early years, I’ve been committed to creating and living the best life possible for myself and my clients.
Too many retirees think that as they age, they must lose their energy and their health. That's crap.
You can upgrade your health as you age. You can gain more energy and vitality with each passing day, week, month, and year. This is a great book to introduce you to thinking about your health and aging differently.
Don't feel like you need to implement everything the author discusses, but use the book to expand your view of aging and what's possible. Your #1 job in retirement is to stay healthy. This book can help.
From Bulletproof creator and bestselling author Dave Asprey comes a revolutionary approach to anti-aging that will help you up your game at any age.
Dave Asprey suffered countless symptoms of aging as a young man, which sparked a life-long burning desire to grow younger with each birthday. For more than twenty years, he has been on a quest to find innovative, science-backed methods to upgrade human biology and redefine the limits of the mind, body, and spirit. The results speak for themselves. Now in his forties, Dave is smarter, happier, and more fit and successful than ever before.
