Best Investment Books of All Time
DC Maley
Rank	Title	Year 1st Published	Author	Comments
A	The 4 Pillars of Investing	2002	Bernstein	A medical doctor who switched to investments and spent years studying investments. Every investor should be aware of and understand the 4 pillars he talks about.
A	Money Dynamics for the 1990's	1978	VanCaspel	First published in 1978, then updated in 1988. A female financial planner who explains investment concepts very well. Explains insurance very well also.  Skip limited partnerships since not good investments.
A	A Random Walk Down Wall Street	1973	Malkiel	Excellent book which studies stock and fund performance.  Advocate of Efficient Market theory.
A	The Millionaire Next Door	1996	Stanley	2 professors study millionaires for 20 years and publish why they became millionaires.  Includes simple formula for target net worth as function of age and income, staying married, buy F150 trucks.
A	Bogle on Mutual Funds	1994	Bogle	Excellent review of mutual funds by founder of Vanguard mutual funds.  Bogle is only advocate for investors in investment business.
A	Common Sense on Mutual Funds	1999	Bogle	Compliments his other book very well.
A	Economics in One Lesson	1946	Hazlitt	Forget all that boring baloney you studied in college economics class.  This classic book explains basic economics better than any other book.
A	The Money Game	1967	Smith	Although written about go-go market of 1960's, it has become classic.  Well written and includes investor psychology and market history.
A	The Wealthy Barber	1998	Chilton	Excellent lifetime investment advice written in story telling fashion.
A	The Richest Man in Babylon	1955	Clason	This short 144 page classic is several parables from ancient Babylon that apply perfectly to us in the 21st century.  Advocates saving and investing 10% of what you earn in reasonable investments.
A	The Intelligent Investor	1950	Graham	Classic by Benjamin Graham, Father of Security Analysis.  Until his time, stocks were perceived to be as risky as Las Vegas and everyone bought bonds.  He showed how to analyze companies and buy $1.00 worth of stock for 50 cents, then sell it for $1.00.  You don't need to read Graham's other book Security Analysis if you read this one, which is easier to read.
A	One Up on Wall Street	1989	Lynch	Peter Lynch is 1 of handful of people to beat the S&P 500 over several years.  Good explanation of his technique.
A	The Crowd - A Study of the Popular Mind	1870	Le Bon	Gustav Le Bon studied the characterics of crowds and mobs.  Not an easy read, but only book which explains crowd behavior, similar to people investing in stock market booms and leaving market in busts.
A	Liar's Poker	1989	Lewis	Extremely entertaining true story about graduate student entering one of largest firms on Wall Street.  Makes one understand how stock brokers blow up their customers and excesses of late 1990's in brokerage firms.
A	Where are the Customer's Yachts?	1940	Schwed	The stock brokers end up owning the yachts from transferring the wealth from their clients to themselves.  Classic.
A	Extraordinary Popular Delusions  & the Madness of Crowds	1841	Mackay	The first 100 pages of this investment classic review the greatest financial bubbles of all time including Tulip Mania and the Mississippi Trust. How to protect yourself against market bubbles.
A	The Money Masters	1980	Train	Train has several books in which he studies and identifies the traits of the world's greatest investors.
A	The Pig and the Python	1998	Cork	Explains how the Baby Boomers will affect interest rates and investments .  Easy and entertaining to read.
A	The Myth of the Robber Barons	1987	Folsom	Excellent historical review which debunks the Robber Baron mentality taught in most school classes.
A	Buffett-The Making of an American Capitalist	1995	Lowenstein	Probably the greatest investor of all time based upon longevity of good investments.
A	Index Mutual Funds: How to Simplify Your Life and Beat the Pros	1999	Maley	Explains the basics and advantages of index fund investing.
A	The Armchair Millionaire	2001	Schiff	Great primer on steps to implement to become a millionaire.
A	Against the Gods:The Remarkable Story of Risk	1996	Bernstein	Great book on history of risk and investing.
A	The Smartest Guys in the Room	2003	McClean	Excellent review of how Enron rose and fell.
B	My Life as a Quant	2004	Derman	Insight into how derivative products are manufactured for large investors.
C	Wealth Strategies	2000	Duncan	A mix of financial, physical, and spiritual advice.
B	Great Expectations:America & the Baby Boom Generation	1980	Jones	History of the Baby Boomers
B	Money Happiness:A Guide to Living the Good Life	2005	Rowley	Focuses on relationship between money and happiness.
A	Dividends Don't Lie	1989	Weiss	Great advice for irrational times like the late 90's Internet boom and bust.
B	Millionaire Women Next Door	2004	Stanley	Same basic findings as Millionaire Next Door
B	The Retirement Savings Time Bomb	2003	Slott	Detailed analysis of 401K's, IRA's, etc.
B	Asset Allocation	1996	Gibson	Theory and practice of asset allocation.
A	Wealth of Experience:Real Investors on What Works and What Doesn't	2003	Clarke	Uses experiences of actual Vanguard investors. Gives actual asset allocation of investors by age and wealth level.
B	How to Make Money in the Stock Market	2005	Eade	Short and simple explanation of basics of investing and index funds.
A	Stocks for the Long Run	2002	Siegel	Excellent review of why stocks are best long term investment.
B	The Future for Investors	2005	Siegel	Basically a rehash of Stocks for the Long Run
A	The Coffeehouse Investor	1998	Schultheis	Great small book on investing. Stresses using Vanguard index funds with asset allocation.