Economic-growth-rate Books

As a rabid anti rat. choice and game theorist, I was initially skeptical of this book. But I think it introduces fair ideas in laymen's terms. Now I know my enemy just a little bit better, and he smells like peanut butter.

This was the first book I read that had been put out by the Heritage Foundation. I had been a big doubter of the flat tax, but Mitchells arguments and facts showed me that I was way wrong. He cogently argues that a flat tax is important for the economic well being of our country. HE also looks at other tax plans and shows their flaws and merits. For anyone interested in tax policy, this is a must-read!

Undispensable steps to become a master in value investings : John Burr Williams is one of the Warren Buffet's 3 mentors.

This book clearly illustrates the need to be disciplined as an investor. Unfortunately, as many Americans do not exercise this discipline they will never achieve the potential returns that can be had in the market. This book should be mandatory for all students to read and study probably at the high school level.

Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He appears regularly on networks like CNN, CNBC and NPR, and is a frequent contributor to financial periodicals.

"Stocks for the Long Run" is the best known book by Siegel, and widely cited. There are more than 100 books that cite "Stocks for the Long Run".

Most of the book takes a long-term view of the financial markets. Siegel takes an empirical perspective to answer some major investing questions. Even though the book has been termed "the buy and hold Bible", the author occasionally concedes that there can be some market inefficiencies that can be exploited. The book is very easy to comprehend and is targeted to wide audience.

If you like the idea of scrutinizing major investing questions, popular beliefs and conventional wisdoms, I would recommend "The Only Three Questions That Count" by Kenneth L. Fisher, which is much deeper than "Stocks for the Long Run".

When you are done with this book, DO NOT LOAN IT TO ANYBODY. I lost my first copy when an intern did not return it. I lost the next copy when a friend gave it to his mom.

Reading this book will give you a better understanding of the financial markets than 99% of the people around you. If you do not understand any part of the book, skip it and go back later. For a first book, there is none better.

If you are already knowledgeable, it is still a great read.
-Enjoy

Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies Jeremy J. Siegel

Stocks for the Long Run makes the most convincing case for long-term stock market investing. Part history book and part finance book, it is brilliant. I want to give this book to my clients who want to put all or most of their money in CDs, bonds and other debt instruments. Siegel uses historical records to prove that well allocated, diversified stock investments truly are the best way to steadily accumulate wealth over time. His historical narrative also turns what could be just another hard-to-read investment book into a compelling story -- there really is a great deal of drama in the retelling.

If you read this book you will be armed with information to make educated choices about how to invest your hard earned money. Weathering the stock markets ups and downs can be a profound challenge to the uninformed investor. This book provides a perspective that allays some fears and offers cautions as well. Stocks for the Long Run will help you make good investment decisions, and give you confidence in the decisions you make.

James Lange, CPA/Attorney and author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do

I agree with the other reviewers that this book is an outstanding essay for those who want to learn how to select stocks for a value portfolio. Where we differ is that for the typical investor he does not have the resources to build a properly diversified portfolio- either financial or mental resources. Value stocks do provide returns in excess of broad market returns but in order to have adequate diversification you must assemble several hundred issues well beyond the resources of the average investor. Further one must have the time and skill to evaluate several thousand issues.

I can offer a solution to this problem. I want to recommend for you a book titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission This book is a must for those wanting to find out about indexing (passive investing) and why it is the superior method for the small investor (and big one too). This book is an outstanding guide to personal investing. It will be useful to all investors from novices to highly the highly experienced. This book prepares the reader to approach investing from the standpoint of the underlying science. It is the antithesis of a 'get rich quick scheme'.

All aspects of Modern Portfolio Theory and passive (index) investing are explained in a through and easily understood manner. The aspect I like most is that as well as a solid theoretical foundation the book is very practical and shows the reader how to create (and more importantly) and manage over time a successful portfolio. This is a great book- for the beginning investor, it's a great place to start and for the experienced investor there are many valuable suggestions.

It's a shame to think of how much money investors have lost "investing" in the stock market over the years. I wish I had read this little book years ago. The chapter on automatic investing recommends a number of portfolios that follow modern portfolio theory and adjust risk as you age without any effort on the part of the reader at all. Had this book been written years ago and had I followed its directions I would be rich today of that I am certain. Nevertheless I will pursue one of the portfolios recommended and stick to my chosen asset plan.
How to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no Commission