Mark Pankin in association with Amazon.com Books
You can order the books mentioned on the Dow Dividend Strategy Description page and some of my other favorites.
Disclosure (1): If enough of you using this page buy enough books, I will receive a referral fee from Amazon.com Books. The objective of this page is not to make money for me; it is provided as a service and convenience.
Disclosure (2): Although Amazon generally sells at a good
discount (at least 30% on hardbacks, 20% on paperbacks), you may
be able to find these books in stores for lower prices.
How it works:
Dow Dividend Strategy
Beating the Dow by O'Higgins and Downes, paperback
The basic reference for the five lowest priced of the ten highest
yielding Dow stocks strategy. The book also provides background
on the companies in the Dow, some of the history of the Dow, and
discusses some alternative strategies.
The Motley Fool Investment Guide by David
and Tom Gardner, paperback
Discusses their variant of the Dow strategy and a lot more. The
book is recommended for the authors' independent and irreverent
approach to investing.
The Dividend Investor by Knowles and Petty, paperback reprint
This book is of interest primarily to researchers because it has
data going back to 1957, which is 15 years earlier than the two
books above. I have seen the 1992 printing of the paperback edition
in larger bookstores, such as Borders and Barnes and Noble, for
$12.00, so you may want to look for it before ordering it here.
Some of my favorites
Market Wizards by Schwager, paperback
The New Market Wizards by Schwager, paperback
There are several books that interview successful traders and
investors in order to gain insights into how to think about trading
and investing. I think Schwager's are the best. These two books are
similar and most investors will probably need to read only one
of them, but may want to read both. While the books concentrate
mainly on futures traders, the insights to be gained apply to
all investors, no matter where they put their money. One example
from the first book: Marty Schwartz expresses the sentiment to
heck with my ego, making money is more important. In my experience,
most of the mistakes investors make, such as refusing to take
a loss hoping to get out even, result from putting ego ahead of
investment sense. The second book has an interview with Gil Blake,
who devised a clever method for making enormous profits from short
trades in the Fidelity Select funds. The method no longer works
since Fidelity now imposes a penalty for short-term trading of
these funds.
One up on Wall Street by Lynch, paperback
Beating the Street by Lynch, paperback
Peter Lynch is the legendary former manager of the Fidelity Magellan
fund. These common sense books explain how individuals can use
the advantages they have over the large institutions to pick stocks.
Either book will convey the essence of his approach, but you may
want to read both.
The Intelligent Investor by Graham, hardback
This is a classic by Benjamin Graham, who co-authored the seminal
reference on value investing. The first edition of this book appeared
in 1950, and a fourth, revised edition came out in 1973, three
years before he died. This book, which is aimed at individuals
rather than professional money managers, clearly explains Graham's concepts
and approaches. Warren Buffett, who was a student of Graham
and is today's wealthiest investor, added some material. I am
not sure it is exactly the same as the hardback, but you may be able to
find a paperback edition in bookstores.
The Battle for Investment Survival by Loeb, paperback
Another classic that is chock full of good investing sense. Since
the material was written between 1935 and 1965, some it is dated
("What Women Should Know About Stocks"), but the basic
principles still apply. One concept that Gerald Loeb is known
for is "the ever-liquid account."
James Glassman's Ten Favorite Investment Books
Glassman is the Washington Post's lead investment columnist and a commentator on the PBS "Nightly Business Report" program. (He also writes a syndicated political analysis column and is host of a CNN "talking heads" discussion program on Sunday nights, but we will forgive him for those indiscretions.) On November 9, 1997, he wrote above his favorite investment books. Link to article
I think it is a pretty good list. Some of the books are listed and discussed above. For more about the others, please see Glassman's article.
1.
The Intelligent Investor by Benjamin Graham, hardback; discussed above
2.
A Random Walk Down Wall Street by Burton G. Malkiel, paperback
3.
One up on Wall Street by Peter Lynch, paperback; discussed above
4.
Common Stocks and Uncommon Profits by Philip A. Fisher, paperback
5.
The Only Investment Guide You'll Ever Need by Andrew Tobias, paperback
6.
What Works on Wall Street by James P. O'Shaughnessy, hardback
7.
Stocks for the Long Run by Jeremy J. Siegel, hardback
8.
The Warren Buffett Way Robert G. Hagstrom Jr., paperback
9.
The Motley Fool Investment Guide by David and Tom Gardner, paperback;
discussed above
10.
Against the Gods by Peter L. Bernstein, hardback
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