For Investing Beginners

My 25-year-old cousin is interested in going into the investing world and asked me where to start. He has taken some business courses in college so I was able to presume some very basic knowledge.

Lots of Sources

I’ve compiled book lists from investing pros here. And if you are interested in online sources go here.

Narrowing Down

While the above resources are great, it’s a bit much to throw at someone who doesn’t know where to begin. Here I will narrow the lists to foundational learning.

Books

  • The Four Pillars of Investing by William J. Bernstein (Link)
  • Your Money and Your Brain by Jason Zweig (Link)
  • Fooled By Randomness by Nassim Taleb (Link)
  • The Most Important Thing by Howard Marks (Link)

Video Series

  • Khan Academy Finance Track (Link)
  • Paddy Hirsch Whiteboard (Link)

Websites

Professors

  • Aswath Damodoran (Link)
  • Sanjay Bakshi (Link)
  • Michael Mauboussin (Link)

Series

  • Tren Griffin’s People and Topics (Link)
  • Cullen Roche Explains Money (Link)

Books

  • Global Asset allocation by Meb Faber (Link)

This is a good zoomed out view of portfolio construction

  • The Little Book That Beats the Market by Joel Greenblatt (Link)

This book is a great example of how to apply process to investing.

Websites

Portfolio Focused

  • Movement Capital by Adam Collins (Link)
  • Meb Faber’s Blog (Link)

Thinking Like an Investor

  • Lessons from Charlie Munger (Link)
  • Multi Disciplinary Reasoning With Mental Models:
    • Farnum Street (Link)
    • Safal Niveshak (Link)
    • Askeladden (Link)

Company Strategy

  • Stratechery (Link)

Following Along On A Regular Basis

  • Matt Levine’s daily Money Stuff Column (Link)

Apply your knowledge and learn how to think from Wall Street’s supreme writer. His supremacy is a fact.

  • Of Dollars and Data (Link)

Nick Maggiulli’s weekly posts use data analysis plus stories to make money matters stick. 

  • Finance Twitter
    • #fintwit
    • Lists I’ve curated:
      • Quants, Funds, Traders (Link)
      • Analytic/Biz Thought (Link)