Financial Literacy

"Wealthing Like Rabbits" is a humorous and educational personal finance book by Robert R. Brown that uses the analogy of rabbits to explain important financial concepts. It covers topics such as budgeting, saving, investing, and debt management, presenting them in a fun and accessible way. Through the rabbit analogy, the book offers valuable insights and practical advice to help readers improve their financial well-being. I specifically appreciate the beginning of the book, where he compares two alternative realities of the same family, and how it affects their long term well-being.

"The Intelligent Investor" by Benjamin Graham is a classic investment book considered a must-read for value investors. It teaches the principles of value investing and emphasizes the importance of thorough analysis and a margin of safety when making investment decisions. Graham advises investors to focus on long-term strategies, avoid speculation, and approach the stock market with a disciplined and patient mindset. Graham briefly discusses historical examples of market speculation, including the Tulip Mania in the 17th century. He uses it as an illustration to highlight the irrationality and excesses that can occur during speculative bubbles.

"The Value of Simple" is a personal finance book written by John Robertson. It aims to provide a straightforward and practical guide to managing your money and investing for the future. The book emphasizes simplicity and offers step-by-step instructions to help readers create a solid financial plan. After you're done with "Wealthing like Rabbits" I recommend you tackle this second book to get real step by step instructions on how to take charge of your finances.

"A Random Walk Down Wall Street" by Burton G. Malkiel is a widely acclaimed investment book that challenges the notion of beating the market through active stock picking and market timing. Malkiel argues that markets are efficient and unpredictable, making it difficult to consistently outperform the overall market. He emphasizes the importance of a diversified portfolio of low-cost index funds and provides insights on long-term investing strategies for individual investors. An excellent deeper dive into the world of investing.