The Intelligent Investor
Any serious study into the realm of investing and especially how to grow dividends to generate consistent cash flow over time starts with The Intelligent Investor by Benjamin Graham. It has been newly revised for us in 2015. Foreword written by Jason Zweig. Graham himself revised the book last in 1973. It’s an oldie but a goodie and really gets into the nuts and bolts of stock selection.
Benjamin Graham inspired people everywhere in the world and is known to be the most famous investment advisor of the 20th century. His book The Intelligent Investor is recognized and believed to be the stock market bible since it was published in 1949 because of Graham’s philosophy called Value Investing which explains to investors how to develop long term strategies and prevent errors.
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The Ultimate Dividend Playbook by Josh Peters
“Dividends may be the most misunderstood aspect of investing in stocks—to the extent people bother to understand dividends at all. As editor of the monthly newsletter Morningstar DividendInvestor, Josh Peters offers sound advice on the long-term investment of capital with dividends as the guide.
Now, in The Ultimate Dividend Playbook: Income, Insight, and Independence for Today’s Investor, Peters takes a fresh look at dividend-paying stocks and equips the individual investor for financial success through his dividend-achieving approach. He shows how to put the three dividend plays of income, insight, and independence into practice so that dividends will put cash in your pocket regardless of the fads and failings of Wall Street. Peters also takes you through the insides of a corporation and the factors that allow it to pay and raise dividends, tells how to separate safe dividends from risky ones, and explains how to construct a portfolio of dividend-paying stocks to meet your financial needs.
Filled with in-depth insights and practical advice, The Ultimate Dividend Playbook will help investors find high-quality, dividend-paying stocks to fortify their portfolios for the long haul.”
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The Little Book of Behavioural Finance by James Montier
From the Inside Cover
“In The Little Book of Behavioral Investing, behavioral finance expert James Montier takes you on a guided tour of the most common behavioral challenges and mental pitfalls that investors encounter, and provides you with strategies to eliminate these traits. Along the way, he shows how some of the world’s best investors have tackled the behavioral biases that drag down investment returns, so that you might be able to learn from their experiences.
Page by page, Montier explains the importance of learning to prepare, plan, and then commit to a strategy—that is, do your investment research while you are in a “cold” rational state, when nothing much is happening in the markets—and then pre-commit to following your analysis and action steps. He also stresses the folly of trying to forecast what the markets will do, and reveals how the idea of investing without pretending you know the future gives you a very different perspective. Throughout the book, Montier stresses why the need to focus on process rather than outcomes is critical in investing. Focusing upon process, he shows, frees us up from worrying about aspects of investment that we really can’t control—such as returns. By focusing upon process, we maximize our potential to generate good long-term profits.
The Little Book of Behavioral Investing offers a range of time-tested ways to identify and avoid the pitfalls of investor bias. By following these simple strategies, you will learn to overcome your own worst enemy when it comes to investments—yourself.”
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Mr. Market Miscalculates by James Grant
Why is America in financial crisis today? This book, better than any to date, explains it all-how we got here and where we are going. The how we got here is brilliantly described in a collection of pieces from Grant’s Interest Rate Observer, the Wall Street insider’s Bible. The where we are going is treated in Jim Grant’s up-to-the-minute introduction. No fan of Greenspan or Bernanke, Grant tells the unvarnished truth about America.
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Value Investing from Graham to Buffett and Beyond by Bruce Greenwald
“Bruce Greenwald is one of the leading authorities on value investing. Some of the savviest people on Wall Street have taken his Columbia Business School executive education course on the subject. Now this dynamic and popular teacher, with some colleagues, reveals the fundamental principles of value investing, the one investment technique that has proven itself consistently over time. After covering general techniques of value investing, the book proceeds to illustrate their applications through profiles of Warren Buffett, Michael Price, Mario Gabellio, and other successful value investors. A number of case studies highlight the techniques in practice.”
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The Investment Zoo by Stephen Jarislowsky
Unfortunately the book is now out of print but is available through third party sellers. I would never part with mine and refer to it often for inspiration before buying a stock.
He is one of Canada’s brightest investors and defenders of shareholder rights. He possesses a keen gut instinct to pick blue chip stocks at a reasonable price.
He has made money for and served his clients well over the course of five decades. I still find his book a breath of fresh air. He likes to hang onto stocks long term. For example he’s held Abbott Labs for about 30 years I think maybe even longer. He says you can beat the market and secure your retirement by sticking with large cap blue chip dividend paying companies. I embrace and employ a lot of his philosophy in my own portfolios. His states you can not achieve financial independence by being satisfied with market returns. The fancy word for that in 2016 is ‘Chasing Alpha’.
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How to Make Money in Stocks by William O’Neil
This book outlines O’Neil’s CANSLIM Investing System. A proven 7-step process for minimizing risk and maximizing gains has influenced generations of investors. Based on a major study of market winners from 1880 to 2009, this expanded edition gives you:
- Proven techniques for finding winning stocks before they make big price gains
- Tips on picking the best stocks, mutual funds, and ETFs to maximize your gains
- 100 new charts to help you spot today’s most profitable trends and
strategies to help you avoid the 21 most common investor mistakes!
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If you prefer not to employ a dividend growth strategy to your own plans then I urge you to pick up John Bogle’s book on Index Investing. He is the founder of Vanguard Funds and voted by Forbes Magazine as one of the top investors of the 20th Century.
you can purchase the book here
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