William Berstein, author of the Four Pillars of Investing, recommends the following books:
Investing Classics
1. Random Walk Down Wall Street by Burton Malkiel
2. Common Sense on Mutual Funds by John Bogle
Wallstreet in 1980s and 1930s
1. A Fool and His Money by John Rothchild
2. Where are the Customers' Yachts by Fred Schwed
Once in Golconda by John Brooks
How things got nasty between New York and Washington in the aftermath of the Great Depression and how Uncle Sam finally got his hands on Wall Street to the benefit of just about everybody
Devil Take the Hindmost by Edward Chancellor
A history of manias and crashes over the centuries. If this book doesn't bulletproof you from the next bubble, nothing will
Bernard Baruch; Money of the Mind; Minding Mr Market; and The Trouble With Prosperity - all books by James Grant
This man has a better grasp of capital market history than anyone else I know, and the quality of his prose is superlative to the point that it occasionally becomes distracting.
Capital Ideas by Peter Bernstein
An engaging history of modern financial theory and its far reaching influence on today's markets
Winning the Loser's Game by Charles Ellis
A succinct look at the essence of money management by one of the country's most respected wealth managers.
Global Investing by Gary Brinson and Roger Ibbotson
A panoramic view of stocks, bonds, commodities, and inflation the world over. Now more than a decade old, it's beginning to show its age but is still worth it.
Asset Allocation by Roger Gibson
An excellent primer on portfolio theory and the mathematics of arriving at effective allocations.
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