Let's Read

[Mr. Now]

The Intelligent Investor is a classic investing text.

[edtost]

[ QUOTE ]
After Intelligent Investor, I would like to see an analytic discussion of:

Common Stocks and Uncommon Profits (Fisher)

Fooled by Randomness (Taleb)

[/ QUOTE ]

of taleb's works, I'd rather discuss Dynamic Hedging, but the above would be ok

[ouzacprice]

I'm in

[Redd]

I'm interested in joining in, despite my low level of understanding. Hopefully my contribution can be some good questions to discuss! [img]/images/graemlins/smirk.gif[/img]

[MatthewRyan]

The only problem I see that most books will far into one of two categories: passive investing in mutual funds/ETF's, a set it and forget it approach; or active stock picking and/or trading.

It might almost be better to have separate reading lists... but I'm sure I could be convinced otherwise...

[zerosum]

Start with macro investment considerations -- e.g., asset allocation and diversification -- and then move to micro investment issues --e.g., security selection.

I'd suggest the following for the macro study.

*Winning the Loser's Game* by Charles Ellis
*Asset Allocation* by Roger Gibson
*The Intelligent Asset Allocator* by William Bernstein

[mother_brain]

I'll go to the library tomorrow to pick up the intelligent investor, since everybody seems to like that one. I'm game for that book or another.

[MatthewRyan]

Asset Allocation by Gibson falls under the advanced category.

[edtost]

[ QUOTE ]
Asset Allocation by Gibson falls under the advanced category.

[/ QUOTE ]

if we're creating an advanced category, i nominate "dynamic asset pricing theory" by duffie.

[Uglyowl]

Cool, I'm in!