Book Title: The Coffeehouse Investor
Author: Bill Schultheis
Readability: Easy to understand, great for beginners.
Technicality: Not technical. Easy to follow for a novice investor.
Provides Practical, How To Knowledge On: Basic investing concepts such as how to allocate investments and what types of funds you should choose.
Summary: The Coffeehouse Investor is a fabulous book for someone who wants a basic overview of the most important principles that apply to investing – things like not putting all your eggs in one basket (diversification), there’s no such thing as a free lunch (avoid slick talking people who promote their fabulous past returns) and save for a rainy day (spend less than you make).
Bill Schultheis fills his short, easy-to-read book with stories about baking pies and climbing mountains, which make you forgot that all the while you’re learning important stuff about how to invest, why you should use index funds, and how a steady, consistent approach will win over the frenzy of traditional Wall Street. Schultheis even provides examples of specific portfolios, with ticker symbols, so the do-it-yourselfer can immediately apply his approach.
Downside: The Coffeehouse Investor is filled with sound, sensible concepts, but if you’re the academic sort looking for historic market data and economic research, than this book will disappoint you.
