John Neff on InvestingBy John B. Neff and Steven L. Mintz. John Wiley & Sons, Inc. List Price: $27.95 hardcover.
Mr. Neff, who for 31 years was manager of Vanguard Windsor Fund, recounts his legendary career and gives an inside look into his approach to value investing. The book, which is Mr. Neff's first, is a must-read for the serious investor.
Winning the Loser's GameBy Charles D. Ellis. Simon & Schuster. List Price $23 hardcover.
This introduction to a new area of research called behavioral economics brings fresh insight into why people spend, invest, save, borrow, and waste money. It includes anecdotes about people who have unwittingly made bad money decisions, and it provides readers with self-tests to apply what they have learned.
A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal InvestingBy Burton G. Malkiel. W.W. Norton & Co. List Price: $29.95 hardcover.
This is a 1999 version of the 1973 informative and entertaining investment classic. The book, now in its sixth edition, includes a chapter entitled "A Life-Cycle Guide to Investing," which discusses risk tolerances at different stages of life. Mr. Malkiel, an economics professor at Princeton University, is a member of Vanguard's Board of Directors.
Against the Gods: The Remarkable Story of RiskBy Peter L. Bernstein. John Wiley & Sons, Inc. List Price: $14.95 paperback.
Mr. Bernstein, an economic consultant, explores the development of the role of risk in our society. Praised for its readability, this 1998 book uses anecdotes of famous thinkers to chronicle the history of risk from the Greeks to present times.
The Terrible Truth of InvestingBy Bruce Temkin. Fairfield Press. List Price: $17.50 paperback.
Mr. Temkin helps you be a savvy investor by understanding why:
Investors underestimate the amount of money they need to retire, Risk can never be eliminated from investing, Frequently used investment charts are misleading, Retirement and financial planning software is dangerous and Market volatility is an investor's ally.
Asset Allocation: Balancing Financial RiskBy Roger C. Gibson. Irwin Professional Publishers. List Price: $35.00 hardback.
Mr. Gibson offers a practical book dedicated to asset allocation. Inside you will find a thorough review of the capital market theory behind asset allocation, plus step-by-step guidelines for designing and implementing appropriate asset allocation strategies so you can work more effectively with your clients or understand the allocation process of your own portfolio.
Bogle on Mutual Funds: New Perspectives for the Intelligent InvestorBy John C. Bogle. Dell Publishing Company, Inc. List Price: $16.95 paperback.
This 1994 book is the definitive word on mutual funds from the Senior Chairman and Founder of Vanguard. It offers guidelines for novice and seasoned investors and practical advice on assembling a well-balanced mutual fund program. See also Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor.
The Bond Book: Everything You Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and MoreBy Annette Thau. The McGraw-Hill Companies. List Price: $22.95 paperback.
This 1994 book, written by a former municipal bond analyst, is a good choice for the beginning bond investor. It describes the various types of bonds and explains the basics about buying and selling them, including an overview of the bond market. The final chapter provides a game plan for investing in bonds.
Common Sense on Mutual Funds: New Imperatives for the Intelligent InvestorBy John C. Bogle. John Wiley & Sons, Inc. List Price: $24.95 hardcover.
Published in 1999, this collection of essays by Vanguard's Senior Chairman and Founder offers straightforward investment guidance. Mr. Bogle also takes a critical look at today's mutual fund industry, identifying certain practices that put the industry's interests at odds with those of investors. He calls for changes to give investors a fairer shake. Foreword by Peter L. Bernstein. See also Bogle on Mutual Funds: New Perspectives for the Intelligent Investor.
Earn More (Sleep Better): The Index Fund SolutionBy Richard E. Evans and Burton G. Malkiel. Simon & Schuster Trade. List Price: $25 hardcover.
This 1999 book highlights the advantages of indexing and looks at why index funds have outperformed actively managed funds. It contains advice on developing a financial plan and building a portfolio, and includes samples of index portfolios developed by Mr. Malkiel, author of the classic A Random Walk Down Wall Street.
Index Mutual Funds: Profiting from an Investment RevolutionBy W. Scott Simon. Namborn Publishing. List Price: $26.95 hardcover.
Making the case that index funds are the best investment choice for most people, the author explores the role of index funds in asset allocation and portfolio diversification. The 1998 book recounts the growth in popularity of indexing and tells how an investor can join the indexing revolution. Foreword by Vanguard Senior Chairman and Founder John C. Bogle.
Index Your Way to Investment SuccessBy Walter R. Good and Roy W. Hermansen. Prentice Hall Press. List Price: $16 paperback.
Two investment insiders discuss how an individual can use index funds to cut costs, control risk, and come out ahead in the long run. This 1997 New York Institute of Finance book outlines the benefits of indexing and explains how to incorporate indexing in an individually designed investment program. Foreword by Vanguard Senior Chairman and Founder John C. Bogle.
The Millionaire Next Door: The Surprising Secrets of America's WealthyBy Thomas J. Stanley and William D. Danko. Simon & Schuster. List Price: $14 paperback.
The authors interviewed people with a net worth of more than $1 million and found that our image of wealthy people doesn't square with reality. It takes sacrifice, discipline, and hard work to become a millionaire, and most millionaires live beneath their means. Published in 1996, the book is still a best-seller.
The Only Investment Guide You'll Ever NeedBy Andrew Tobias. Harcourt Brace & Company. List Price: $13 paperback.
This classic guide to personal finance, expanded and updated in 1998, has sold more than a million copies since its original publication in 1978.
Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment StrategiesBy Jeremy J. Siegel. The McGraw-Hill Companies. List Price: $29.95 hardcover.
Concerned about market volatility? When long-term purchasing power is considered, stocks outperform all other investments and are safer than bank deposits, concludes the author, a finance professor at the Wharton School of the University of Pennsylvania. This book, published in 1997 and praised by Forbes as "the Bible" of equity investing, is the second edition of this seminal work.
The Winner's Curse: Paradoxes and Anomalies of Economic LifeBy Richard H. Thaler. Princeton University Press. List Price: $17.95 paperback.
This quirky and entertaining 1991 book, now reprinted in paperback, examines some of the paradoxes of economic behavior, such as why gamblers bet on long shots at the end of a losing day and why shoppers will save on one appliance only to pass up the identical savings on another.