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Investing and DiversifyingPlease note that while not all of these books are written from a Christian perspective, each does a good job of combining practical, useful guidelines with an easy-to-understand style. Please don't assume, however, that SMI necessarily endorses any book's content in its entirety.
Beating the Street Lynch also examines his years at the Magellan Fund, analyzing the reasons why he outperformed all other fund managers. He discloses that it was a small number of major successes that were the principal reason for the fund's superior record. He draws a lesson for the average investor: there are good companies looking for investors, and it takes only one or two good companies a decade to turn a portfolio from an average performer into a winner. "This book is a treasure." Adam Smith "Investors would do well to heed this advice." Wall Street Journal "Stock tips from a master." USA Today "Once of the 'seven pillars' of investment advice." Forbes Bogle on Mutual Funds
Bogle shares from his wealth of experience as the man who guided the Vanguard group of mutual funds to prominence over the past three decades. Buying Stocks Without A Broker These investor-friendly programs provide a safe, proven method for buying stocks directly from issuing companies, often with a discount and always without paying commission fees to brokers. New features of this Second Edition include:
"Investors who want to own stocks but don't like paying brokers' commissions can have the best of both worlds...One useful source of companies that sell stocks directly or through DRIPs is Buying Stocks without a Broker." Business Week Common Sense On Mutual Funds: Common Sense on Mutual Funds shows investors how to revolutionize their portfolios by embracing simplicity and then avoiding industry pitfalls. Emphasizing long-term investing and asset allocation, Bogle finds in simplicity the solution to the riddle of fund selection by investors. From stock and bond funds to global investing and index funds, Common Sense on Mutual Funds provides insight, illumination, and enlightenment. Organized as a series of essays on the investment issues of the day, this insider's view of the industry makes vital information on mutual funds accessible to experienced investors as well as those just beginning. Contrarian Investment Strategies: The Next Generation Now, as the longest bull market in the history of the stock market winds down, there is increasing volatility and a great deal of uncertainty. This is the climate that tests the mettle of the pros, the worries of the average investor, and the success of David Dreman's brilliant new strategies for the next millennium. Contrarian Investment Strategies: The Next Generation shows investors how to outperform professional money managers and profit from potential Wall Street panics -- all in Dreman's trademark style, which The New York Times calls "witty and clear as a silver bell." Dreman reveals a proven, systematic, and safe way to beat the market by buying stocks of good companies when they are currently out of favor. At the heart of his book is a fundamental psychological insight: investors overreact. Dreman demonstrates how investors consistently overvalue the so-called "best" stocks and undervalue the so-called "worst" stocks, and how earnings and other surprises affect the best and worst stocks in opposite ways. Since surprises are a way of life in the market, Dreman shows you how to profit from these surprises with his ingenious new techniques, most of which have been developed in the nineties. A Fool and His Money John Rothchild, armed with a modest financial stake and a hopeless case of irreverence sets out to answer these and other questions. He provides a list of 25 Useful Tips (like "Never buy anything from a broker at an airport."), and gives a true inside look at the financial marketplace. The New York Post said: "A Fool and His Money may be the funniest book about investing ever written. It's the reader's capital gain." And The Washington Post: "What makes this book so good is that Rothchild can explain things and leave the reader both edified and laughing... witty, fast-paced and educational." This humorous account of one man's odyssey through Wall Street is an enjoyable way to learn about investing. It has been one of our best-selling books over the years. The Fortune Sellers
In The Fortune Sellers, you'll discover how:
An intriguing and utterly fascinating exploration of the methods and the madness of today's growing number of future "experts," The Fortune Sellers is not to be missedand that's no speculation. Get Rich Slowly William Spitz, the treasurer of Vanderbilt University and recognized as one of the nation's leading experts in finance and investments, shows you how to:
By using easy-to-understand charts, simple financial logic, and at-a-glance chapter summaries, you can quickly plot out the best financial strategy to fit your personal needs. Spitz has done all the homework for you, complete with thorough explanations of various financial paths you can choose. Investing for the Future Larry speaks from the vantage point of one who works daily to help people avoid the financial pitfalls that are so plentiful in our world, and who has witnessed almost every foolish decision made in the handling and investing of money. He offers his own approach to the world of investing. Beginning with how understanding the economy can help make you a better investor, he proceeds to key principles from God's Word, what he considers the best and worst investments, and his evaluations of the many types of investments. There is very little overlap with what you find in my new book or the SMI journal. Some of the chapters include:
Also included is an extensive appendix which is complete with names and addresses of many additional resources. Investment Illusions Each concise, highly-focused chapter in Investment Illusions reveals a real-life story of foolishness, deceit, or confusion that occurred in the financial world. You'll learn from the mistakes of the "experts"from the purveyors of "foolproof" systems to the promoters of companies that become overnight, overbought sensationsall of whom, hilariously, ended up with egg on their faces. You'll discover how to see through get-rich-quick scams, media spins, and the hype of investment pundits. And you'll gain practical insights into the way the Street really works via Fridson's illuminating analogies to sports, gambling, and psychology. Without offering any "sure-fire" magic formula, Investment Illusions does what few other investment books do. It strips away the illusion from an environment that is fraught with it, leaving you with unglamorous realitywhich, along with the intense discipline and effort, provides your best shot at investment success. Investment Psychology Explained: Martin Pring's classic investment approach is even more welcome now, as many chastened investors have come to realize: There are no easy answers, no magic formulas. Every page of Investment Psychology Explained reflects this refreshing sanity. Pring puts the emphasis back on the timeless values of hard work, patience, and self-discipline. But he does far more than this. Drawing on the cumulative wisdom of history's top investment minds and his own rich experience, Pring shows you how to:
Reading Investment Psychology Explained you'll have a renewed appreciation of the classic trading principles that, time and again, through the bull and bear markets, have worked. You'll see, with the help of illustrative historical examples, what goes into making an effective investorand how you can work toward achieving that successful profile. Learn to Earn In Learn to Earn, they explain in a conversational, easy-to-understand style such matters as how to read a stock table in the daily newspaper, how to understand a company annual report, and why everyone should pay attention to the stock market. They explain not only how to invest, but also how to think like an investor. Chapters include: A Short History of Capitalism, The Basics of Investing, The Lives of a Company, and Stockpicking Tools. This book would make a great gift to a teenager. In fact, the authors often offer tips to the reader under the assumption he or she is a high school student. Highly recommended for the beginning investor! One Up On Wall Street In his plain-English and humorous style, he shows that for the average investor, the key to making money is sticking with what you know. As a mutual fund manager, his primary emphasis was on how to go about selecting individual stocks as good, long-term investments. (You'll not find much here on how to select mutual funds.) Speaking from his years of experience, but with commendable humility, Lynch also explains Wall Street's jargon and much more. It is full of informative, sound advice. Co-authored by John Rothchild, this book also has a sense of humor. It was deservedly a fixture on the best-seller lists for many months. More than 600,000 investors have bought this book, making it one of the most successful books ever written about the stock market. If I could give only one book to a young investor to help them get a fundamentally sound perspective on stock selection, this would be the one. The Roaring 2000s This will result in nothing less than the greatest boom in history and an unprecedented opportunity for investors and entrepreneurs, great buys in real estate, and a wealth of high-quality lifestyle choices for the savvy people who anticipate these changes. We will see such rapid and exciting change as we have not seen since the dizzying pace of the productivity revolution unleashed by the assembly line in the Roaring Twenties. Dent not only offers detailed investment strategies aimed at exploiting the coming boom for the next 15 years, but also explains future trends in the job market, technology, demographics, and real estate. A Short History of Financial Euphoria Renowned economist John Kenneth Galbraith calls this book "a hymn of caution" as he reviews, with insight and wit, the common features of the great speculative episodes of the last three centuriesthe seventeenth-century craze in Western Europe for investing in an unusual commodity: the tulip; Britain's South Sea Bubble and the eighteenth century's fascination with the joint-stock company, now called the corporation; and, more recently, the discovery of leverage in the form of junk bonds. Along the way, Galbraith explains the new types of debt that different generations have dreamt up, and he entertains with anecdotes about the ingenuity with which some of the more notorious charlatans have convinced people to invest in their recommendations. The Sound Mind Investing Handbook For additional information, click here. Why Smart People Make Big Money Mistakes and How to Correct Them, Lessons from the New Science of Behavioral Economics In this fascinating investigation of the ways we spend, invest, save, borrow, and waste money, Gary Belsky and Thomas Gilovich reveal the psychological causes the patterns of thinking and decision making of irrational behavior. Most important, they focus on the decisions we make every day and, using entertaining examples, provide invaluable tips on avoiding the financial faux pas that can cost thousands of dollars each year. Winning the Loser's Game, Timeless Strategies
In today's markets, an unprecedented quarter-century of performance has blinded investors to the historical base rate of investment returns. Winning the Loser's Game cuts through the fog like a beacon of common sense and clarity, and helps you to see how today's most highly touted shortcuts and secrets are almost always guaranteed to hurt you in the long run. With updated facts and figures and six new chapters, it sidesteps complications and formulas to provide you with the straight-talking secrets to winning investing. |
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As a subscriber to the SMI newsletter, we strongly encourage you to purchase Austin's book, The Sound Mind Investing Handbook. Although you can get by without it, it will surely enhance your understanding of the articles in the monthly journal and make using it easier. Plus, it's a thorough and convenient reference at a great price. Concerning the book, Dr. D. James Kennedy has said, "A comprehensive handbook for any person seeking professional guidance in investments. I am especially appreciative of the godly orientation manifest throughout..." 
