I’m often asked to recommend the “best” investment book for investors, especially at this time of the year. Where are a number of helpful investment books available, I always recommend “Winning the Loser’s Game: Timeless Strategies for Successful Investing” by Charles D. Ellis. Now in its fifth edition, Ellis forgoes mathematical equations and writes in a style that is easy to understand.
What sets “Winning the Loser’s Game” apart from many other investment books is its emphasis on risk management, not the management of returns, as the key to successful wealth management. Throughout the book, Ellis provides practical advice with supporting details.
While “Winning the Loser’s Game” is my choice if I am limited to just one choice, my second choice would be “The Intelligent Investor” by Benjamin Graham. Graham’s classic is almost always on any list of “must read” investment books and his advice and recommendations have stood the test of time.
Either of these books would be worthy stocking stuffers for the investors in your family.
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Happy holidays and best wishes for a prosperous new year!