Biggs was the former head of asset management for Morgan Stanley. This is an easy read full of Wall Street insights and lore. Biggs lets you draw your own conclusions to whether investing skill exists or if it is actually luck and marketing!
Burton G. Malkiel
A Random Walk Down Wall Street
The quintessential book on Efficient Market Theory. Malkiel raises serious questions on a lot of Wall Street antics and challenges Wall Street to draw the differences between luck and skill.
David F. Swensen
Unconventional Success: A Fundamental Approach to Personal Investment
Swenson, the Yale Endowment Manager, brings his common sense principles of institutional money management to a personal investment level.
This book should be required reading for every investment committee member on your board. Serious investors need to pay close attention to the messages brought home by America's top endowment manager!
Taleb illuminates the differences between smart and lucky in this entertaining read. The market can make us all look like geniuses or complete idiots. How much control do we actually have over any outcome, if any? You will enjoy this book!
William J. Bernstein
The Intelligent Asset Allocator
Bernstein, who is a practicing physician, delves into active management and discovers more and more troubling issues that all investors should be aware of. Diversification matters over managers! Very easy read!
Weiss is a journalist and really digs into the inherent conflicts of Wall Street business practices. Is Wall Street just a wealth transfer mechanism, transferring your wealth to the shareholders and managers of brokerage firms?
John C. Bogle
The Battle for the Soul of Capitalism
Bogle really goes after manager compensation and mutual fund business practices. This is a must read for anyone invested in actively managed mutual funds or anyone who questions corporate American manager compensation models.
William F. Sharpe & Gordon J. Alexander
Nobel Laureate, Bill Sharp, lays out his foundations for investments. This is a handbook for anyone involved in serious money management.