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Cherries Summer Reading: Our Top Ten Books for Newbies and Experienced Investors

Way back in December, we offered you a list of ways for busy people to learn about investing. But now it’s June! School’s out, maybe you’re planning some long weekends away, and it’s time to start working your way through your summer reading list. To get you started, today we’re offering you the Cherries Official Suggested Summer Reading List. Whether they’re old standbys or newly-published, each one includes something fun or useful for Cherries investors of all backgrounds. Enjoy!

The Intelligent Investor by Benjamin Graham

An oldie-but-a-goodie, the Intelligent Investor is the foundational instruction book on stock market investing – even Warren Buffet has said so. It doesn’t offer any magic words or get-rich-quick schemes but gives some important tips for controlling risk and becoming a secure, mature long-term investor in the financial markets.

The Essays of Warren Buffet: Lessons for Corporate America by Warren Buffet and Lawrence Cunningham

This book is a collection of letters written by Warren Buffet as CEO of Berkshire Hathaway, to his partners and shareholders. It offers unique insight into the relationship between investors and companies, from someone who is both the head of a company and one of the world’s most successful investors himself.

The Little Book of Common Sense Investing by John C. Bogle

The founder of Vanguard, John Bogle is credited with being the inventor of the Index Fund. With a focus on diversity, big-picture portfolios, long-term consistency, and not trying to outsmart the market, Bogle’s philosophy is right up our alley.

A Random Walk Down Wall Street by Burton G. Malkiel

This is a perfect intro guide for beginners who are still getting a handle on the basics. It includes a lot of helpful definitions for people who want to understand their own finances well without turning managing their money into a second job.

Irrational Exuberance by Robert J. Shiller

Robert Shiller is an economist who won a Nobel Prize for his work on economic bubbles and is famous for having predicted the financial crisis of 2008 and the bursting of the housing bubble. In Irrational Exuberance, he explains why economic bubbles exist and how they can affect the stock market.

Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter

Although not entirely aimed at investors, this book offers a lot of reminders about the importance of basic financial literacy education. Building good financial habits and continuously learning more about your money and how it works, can be the keys to a good financial future for both yourself and your kids.

Principles: Life and Work by Ray Dalio

Ray Dalio is the founder of Bridgewater Associates, one of the most profitable investment firms in the US. In Principles, he uses an autobiographical style to discuss the guiding principles that have made him successful. While they can be applied to investing, he also applies these principles more generally, claiming that they are important parts of achieving any goal, financial or otherwise. With a net worth of over 18 billion and having pledged to give half his fortune to charity during his lifetime, we think he’s someone with principles worth hearing about.  

Thinking, Fast and Slow by Daniel Kahneman

Along with his late research partner Amos Tversky, Psychologist Daniel Kahneman is considered the father of modern behavioral economics. He was the first non-economist to win the Nobel Prize for economics. In Thinking, Fast and Slow, he explains the cognitive biases that can lead us to make irrational decisions and how we can train our brains to work around them.

AgeProof: Living Longer Without Running Out of Money or Breaking a Hip by Jean Chatzky and Michael F. Roizen

This one is all about building good habits for the future. And it turns out, there’s plenty of overlap between habits that will help you reach retirement both healthy AND wealthy. AgeProof doesn’t offer specific investment tips but has a lot of good basics, including how to self-evaluate and helpful checklists for smart decision making.

Misbehaving: The Making of Behavioral Economics by Richard Thaler

Another big name in behavioral economics, Richard Thaler looks out how the fact that we’re only human affects everything from game shows, to household finance, to the rise and fall of national economies. An attempt to bring academic economics into the real world, this book is both informative and really really fun, making it a perfect beach read.



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