BAM ALLIANCE’s National Thought Leaders share a common love of the written word, as they have used their books and blog posts to help educate and enlighten investors about the proponents of following an evidence-based approach. We asked five of the BAM ALLIANCE’s published authors — who collectively have written or co-written almost 30 books (and counting) — for the works that have influenced them the most in their careers and lives, both in financial and non-financial categories.
Tim Maurer, Director of Personal Finance
Favorite Financial Book: Drive: The Surprising Truth About What Motivates Us (by Daniel Pink) … Tim says, “Some would say, ‘It’s not actually an investment book.’ In my opinion, it has more to do with investing than most ‘investment books.’ ”
Non-Financial: Unbroken (Laura Hillenbrand) … This World War II story of “survival, resilience and redemption” spent four years as a New York Times best-seller and ended up on the Hollywood big screen.
Dan Solin, Director of Investor Advocacy
Favorite Financial Book: The Little Book of Common Sense Investing (John Bogle) … Warren Buffett touts this book thusly: “A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth. In this book, Jack Bogle tells you why.”
Non-Financial: Outliers (Malcolm Gladwell) … This book looks at some of the brightest, most famous, most successful people and asks, “What makes high-achievers different?”
Larry Swedroe, Director of Research
Favorite Financial Book: Expected Returns: An Investor’s Guide to Harvesting Market Rewards (Antti Ilmanen) … Larry calls this book a “one-stop reference that gives investors a toolkit for harvesting market rewards from a wide range of investments.”
Non-Financial: The Honest Truth About Dishonesty (Dan Ariely) … This book examines the contradictory forces that drive us to cheat and keep us honest.
Manisha Thakor, Director of Wealth Strategies for Women
Favorite Financial Book: The Investment Answer (Daniel Goldie and Gordon Murray) … Manisha says, “What I love is the human context placed in evidenced-based investing. Faced with terminal brain cancer, ex-Wall Streeter Gordon Murray teams up with his DFA-focused investment advisor Dan Goldie to write a highly readable introduction to the many benefits of converting from active investing to harvesting your fair share of the market’s return.”
Non-Financial: A Room of One’s Own (Virginia Woolf) …”This book is as relevant today as it was when first penned back in 1929,” Manisha says. “Woolf argues that ‘a woman must have money and a room of her own if she is to write fiction’ — a metaphor for expressing one’s authentic self.”
Jim Whiddon, Director of Investor Enrichment
Favorite Financial Book: How an Economy Grows and Why It Crashes (Peter Schiff) … “This book uses illustration, humor and storytelling to explain complex topics of economic growth and monetary systems,” Jim says. “It exposes some glaring fallacies that have become so ingrained in our country’s economic conversation. The tales told may appear simple on the surface, but they leave the reader with a powerful understanding.”
Non-Financial: The Tipping Point (Malcolm Gladwell) … Jim says, “This book demonstrates one of the most important ideas in life — the tipping point when an idea, trend or social behavior crosses a threshold and spreads like wildfire. It fundamentally changed the way I think about selling products and services and disseminating ideas.”
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