I recently got the book Technical analysis of the financial markets by John Murphy. Just out of curiosity, I am looking for the top book on fundamentals, but of course I typically only see the intelligent investor by Benjamin Graham. The technicals book by John Murphy really does seem like the only quality book on technicals so I am curious about fundamentals as well and if there is anything out there that beats Benjamin Graham because I started listening to the audiobook on Spotify and he was talking about 8% bonds or something crazy. So something a little more up to date may be helpful?
Posted by MnKBeats
2 Comments
*Security Analysis* by David Dodd and Ben Graham. That is *the* book.
It does largely require a foundation in accounting/finance. The Intelligent Investor is really about as far as I would suggest without a degree in those fields.
I think Bogel eventually settled on a 50/50 portfolio from some interview I watched, and when it becomes a 60/40 or 40/60 that is when you rebalance back to 50/50… which seems prudent considering most investments don’t outperform Tbills.
[https://www.investopedia.com/john-bogle-reading-list-books-by-the-father-of-index-funds-4584157](https://www.investopedia.com/john-bogle-reading-list-books-by-the-father-of-index-funds-4584157)
[https://www.quantifiedstrategies.com/do-stocks-outperform-treasury-bills/](https://www.quantifiedstrategies.com/do-stocks-outperform-treasury-bills/)
A simple cross asset diversified portfolio I like is 50% FRNs (TFLO for example), 25%VT or VOO, 23% Gold however you like (physical, leased, IAU/GLD), 2% Bitcoin (either self storage if you’re smart enough, or IBIT if you just don’t care like me).
If you want to get crazy you can add duration to the bond half, pet individual stocks in the equities part, silver into the pm allocation, or altcoins to the crypto allocation, but the above is as simple as I can get, or as close to a 3 fund portfolio as possible. Just buy the few things investors watch, and you will probably do fine, have some bonds for to sell when things get bad to buy risk assets on a discount.