Here is a decent list of personal finance books. The list was compiled from the recommendations of over 20 personal finance bloggers. I have only read one of those books, the Wealthy Barber, but I have read a bit of a Random Walk down Wall Street and I would like to read all of it. I was so thrilled to see that there were no Kiyosaki books in that list. That gives me some hope for the future of human kind. I am interested in checking out some of the books in the top 5, if anyone has any opinion on them, please let me know.
The one comment on that blog article that is written by someone who is clearly craving some Kiyosaki!
I must say that I’m suprised at the list. Most of these books tend to focus entirely on “spend less than you earn” philosophy. I was hoping someone would recommend a good real estate investing book; good precious metals or commodities book; and other tactical investment books on how to generate wealth and/or create successful businesses.
I recommended a conservative options trading book which (in my opinion) has some real potential for teaching people how to make money from stocks they may already own or may eventually own.
Real estate, precious metals, “generating wealth”, “conservative” options trading? Kiyosaki is that you? (The commenter has a website called “Get Rich Slick.” The first blog post I see is rant about the 10-minute delay he is experiencing on e-trade and how it “always works against him.” Wacko.)
I’ve read seven of the books on that list and I have to say that Random Walk is my favourite and if you haven’t read it yet, I highly recommend that you check it out of your local library.
I am surprised at some of the suggestions. I thought The Number was pretty good but I don’t know if I will call it a must read. Some of the books I’ve never heard of, so I still have a bit of reading to do 🙂
Good to know because Random Walk is definitely the next financial book I want to read.
Here is another book: Pioneering Portfolio Management, by David Swensen. Swensen runs Yale University’s Endowment. It has grown, under his leadership, from around $3B to $17B. While his advice is directed at institutions, it most certainly applies to individual portfolio construction. Swensen taught my MBA class in Endowment Management at Yale. I highly recommend this book.
Tim: grown that much over how many years? 🙂
Yes, I’ve heard of him and he’s a good guy. Luckly you to have taken a class from him. I read a PDF by him once, I wonder if I still have it… It came from my advisor and was not free content.
Just added that book to my wishlist. Thanks.