CLEC's Recommended Reading List

In 30 seconds: James says “spiritual energy comes from reading a lot.” “No patience, can’t understand it, no time” are all excuses — a foundation of learning to invest is absorbing correct knowledge so you can judge whether financial news and pundits are actually true. If you don’t get it the first time, read it repeatedly; the more you read, the more it clicks.¹

Six areas to cover

1. Market history 2. Global finance 3. Central-bank monetary policy 4. Market greed — bubbles 5. Market fear — bottoms 6. Investing psychology.¹

Getting started (easy → advanced)

• A Random Walk Down Wall Street (Burton Malkiel) + The Ten Golden Rules
• The Four Pillars of Investing (William Bernstein)
• Stocks for the Long Run (Jeremy Siegel)
• Enough (John Bogle)
• The Investment Answer
• Winning the Loser’s Game (Charles Ellis)
• The Index Revolution (the Buffett-endorsed index approach)
• Peter Lynch: One Up on Wall Street & Beating the Street

Investing operations

• The Most Important Thing (Howard Marks)
• The Only Three Questions That Still Count (Ken Fisher)
• Debunkery (Ken Fisher)
• Japanese Candlestick Charting Techniques (Steve Nison)

Philosophy & macro trends

• 21st Century Monetary Policy (Ben Bernanke)
• The Age of Turbulence & The Map and the Territory (Alan Greenspan)
• Business Cycles: History, Theory and Investment Reality
• Mastering the Market Cycle (Howard Marks)

The list centers on index-based, long-term, passive investing. Technical-analysis titles (e.g. candlesticks) are included so you can “understand what others are saying,” not as a CLEC recommendation to trade — the core is still buy the Nasdaq and never sell.

Footnotes

1. CLEC James, “Investment Books Worth Reading,” 2016-05-27. Converted source: raw/docs/教學資料/【值得讀的投資書籍】.docx (full list with purchase links in the original). ↩ ↩²