In honor of National Book Lovers Day this coming Saturday, Covestor put together a “top ten” list of books on investing, business and finance — as shared by portfolio managers on Covestor and members of the Covestor senior management team.
My recommendation–which is more appropriate now than ever given the recent market volatility–was The Art of Asset Allocation by David Darst:
The Art of Asset Allocation by David Darst: Selected by Charles Sizemore – CFA, RIA, and manager of the Strategic Growth Allocation portfolio on Covestor
“This is distinctly not a ‘how-to-trade-stocks’ book. As its name implies, it is a guide to building a comprehensive portfolio from the top-down. It is important to remember that, while a savvy stock pick can make you wealthy, studies have shown that more than 90% of your portfolio returns are explained by asset allocation.”
To see the full list of 10 investing books, see: The 10 investing and personal finance books you should be reading this summer.