Here’s a running list of books that I think do a great job in teaching basic financial literacy knowledge. They cover a few different topics – some skill-based, some opinion-based.
Knowing how money works is critical to understanding how businesses works, since businesses operate to make money.
This list will be updated over time, but for now, here’s a few I recommend:
- The Intelligent Investor, by Benjamin Graham – I recommend the version which includes Jason Zweig’s commentary after each chapter. This book gives the best description I’ve seen on how “Mr. Market” operates.
- The Overspent American, by Juliet Schor – this book offers great insight about there not being a connection between material goods and happiness. I consider this a key aspect of money management.
- The Wall Street Journal Complete Guide to Personal Finance, and The Wall Street Journal Complete Money and Investing Guide – both of these are brief but comprehensive books that speak in an understandable tone to novices.
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