4 ms·
Random Walk is great. My favourite books on personal investing are: - "The Four Pillars of Investing" by William Bernstein - "A Random Walk Down Wall Street" by
by yannickt 10y ago
Random Walk is great. My favourite books on personal investing are:
- "The Four Pillars of Investing" by William Bernstein
- "A Random Walk Down Wall Street" by Burton Malkiel
- "All About Asset Allocation" by Rick Ferri
If I had to recommend _one_, it would be Four Pillars. The first part is a bit more intellectually "challenging" than Random Walk, but ultimately does a better job (IMO) at backing up the author's ideas on personal investing with data.
Random Walk covers all the major bubbles in history, and does an excellent job at breaking down asset allocation per age range in the later sections of the book.
All About Asset Allocation was very useful to me in developing a long term investment plan, and deciding what asset classes to include in my portfolio.
I refer to each book at least once a year.