Jack Bogle, founder of Vanguard and pioneer of index funds, is one of the most brilliant and most important minds in investing.
We recently reached out to Mr. Bogle and asked him for what he thought were the best books in investing.
What follows is his list of six "must-read investment books."
Any one of these would make a perfect gift this holiday season.
The Intelligent Investor
By Benjamin Graham, updated with commentary by Jason Zweig
"First published in 1949, Benjamin Graham’s classic text is perhaps the best book ever written about investing. With his clear and accessible writing, Graham laid the foundation for all investment books that followed."
A Random Walk Down Wall Street (10th edition)
By Burton G. Malkiel
"Princeton economist Burton Malkiel’s influential book (now in its 10th edition) presents a compelling argument for his random walk hypothesis, which states that market prices are essentially random and therefore cannot be reliably predicted over the long-term. Professor Malkiel’s work helps solidify the intellectual basis for my personal favorite investment, the index fund."
Unconventional Success
By David F. Swensen
"David Swensen’s investment strategy for Yale University’s endowment—characterized by shifting assets from traditional stocks and bonds to less liquid, alternative assets—has been so influential, it’s now commonly referred to as the Yale Model. While the Yale Model may make sense for endowments, Unconventional Success lays out an approach for individual investors that focuses on investing in low-cost index funds and rails against the high fees and abdication of fiduciary responsibility so pervasive in the mutual fund industry."
See the rest of the story at Business Insider
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