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Open thread: what are your favorite personal finance books?
I'll start it off. Two of mine are:
The Bogleheads' Guide to Investing got me started on the path to index investing, helping me realize that there is no way to long-term successfully beat the market. It preaches paying low fees and going along for the ride, rather than trying to actively outperform benchmarks.
The Automatic Millionaire taught me about paying yourself first and automating savings and investing. When you're automatically socking money away, you're increasing your net worth without even thinking about it.
Share your thoughts. What are your favorite personal finance books?
I like the Millionaire Next Door and the Lazy Person's Guide to Investing.
The Intelligent Investor is my favorite.
I am very much a proponent of index funds, but the notion that the market can't be beaten in the long term is completely false. There are many funds that have accomplished this feat and continue to. The best known of these is Berkshire Hathaway.
"The Neatest Little Guide to Personal Finance" by Jason Kelly. It's out of print now, but worth buying used. Perfect for the recent college graduate as a primer on personal finance. Very straightforward and readable writing style with a dollop of humor.