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Ask HN: Best Book for Personal Finance and Investment

42 pointsr0f112 comments
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What is the best book for personal finance and investment? I am interested in how to construct a diversified portfolio for myself and would like know some credible resources. I'd love to hear your suggestions.

Comments

toomuchtodo
aswathrao

The Richest Man in Babylon My only recommendation.

Because the rest of the books may teach about money, this one teaches about exactly what you asked for i.e Personal Finance and Investment.

cpach

Maybe these sites:

https://canadiancouchpotato.com/

https://www.bogleheads.org/

(Unfortunately the best resources I know of are in my mother tongue, but the links above might be good starting points.)

jugjug
reducesuffering
shoo

William Bernstein (mentioned by others) suggests the following reading list: http://www.efficientfrontier.com/reading.htm

thegooodness

If You Can: How Millennials Can Get Rich Slowly

By William Bernstein

DapperZoom

I was going to recommend the Four Pillars of Investing by Mr. Bernstein.

https://www.amazon.com/Four-Pillars-Investing-Building-Portf...

I'd also recommend The Richest Man in Babylon, but not as the only book on personal investing you read. I tried reading it when I first did the deep dive into personal finance and it didn't quite seem worth it since there were very few specifics about actual investment vehicles. But I revisited it after reading several other books and thought it was really good at driving home and solidifying the big picture and major principles of personal finance.

baccredited

The Simple Path to Wealth by JL Collins

rocketpastsix

huge plus one for this book.

smarri

John Kay - The Long and Short of it

7402

The Only Investment Guide You'll Ever Need by Andrew Tobias

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