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Books selected and reviewed by Andrew Allentuck. Gordon Pape's 2003 Buyer's Guide to Mutual Funds by Gordon Pape and Eric Kirzner The oldest and perhaps the most respected of Canadian fund manuals, Gordon Pape's Guide to Mutual Funds is thorough and wise. For the investor who wants management and the hand holding that managers and advisors provide, there is still no better guide than Gordon Pape's 2003Buyer's Guide to Mutual Funds. Read the full review All About Index Funds: The Easy Way to Get Started by Richard A. Ferri All About Index Funds is American content, but the Canadian reader can disregard discussions of 401-k plans and 12-b fees and stick to the argument for indexing. There is hardly a better compact discussion of the origins and growth of the industry. As a provocative read and as a reference work, Mr. Ferri has produced a work that is simply superb. Read the full review Exchange Traded Funds By Jim Wiandt and Will McClatchy The prudent investor in exchange traded funds should, indeed must, get this book, absorb it, and then understand what it means to buy indices with no intervening manager to monitor risk. Read the full review Hedge Funds: Courtesans of Capitalism by Peter Temple The investor who wants to plunge into a hedge fund should read this book first. Forget the nonsense about ladies of easy virtue. There's a good index, a fine bibliography and a very good mind at the keyboard that produced this excellent book. Read the full review When I Grow Up I'm Going to Be a Millionaire: A Children's Guide to Mutual Funds by Ted Lea This is a book that a parent can read to a child as a made up dialogue. With caveats that children are excluded from owning volatile securities for their own good and that managed Canadian equity and bond mutual funds tend not to earn their management fees over periods of 10 to 15 years or more, this book is a modest introduction to investing at a level children can understand. Read the full review Unseen Power: How Mutual Funds Threaten the Political and Economic Wealth of Nations By Adam Harmes Unseen Power is interesting as an attack on mutual fund management. Author Harmes has no trust for the market and his recommendations, if turned into policy, would wreck much of the wealth that mutual funds and pension funds have created. But if you want to know what social critics think of the process of wealth creation by institutional investors, read the book. Read the full review Mutual Funds for Canadians for Dummies By Andrew Bell Better than this Dummies version of Mutual Funds for Canadians, it doesn't get. Even sophisticated fund investors, the ones who know about the tendency of markets to equalize returns, the ones who know how to use dynamic asset allocation (sell the year's sectoral winners, buy the year's sectoral losers), can find instruction and good stories in it. Buy the book. Give it to your friends. And read it over and over. It's that fine. Read the full review The Mutual Fund Wealth Builder: A Profit Building Guide for the Savvy Mutual Fund Investor By Dick Fabian For the reader prepared to trade funds actively and to accept the attendant costs, The Mutual Fund Wealth Builder has valuable advice. But use it with care. Historically, the odds are against the investor who tries. Read the full review Stop Buying Mutual Funds: Easy Ways to Beat the Pros Investing on Your Own By Mark J. Heinzl Stop Buying Mutual Funds is both a prophetic book of what lies ahead and a manual for investors who want to keep more of the returns of their money at risk and give less of it to underperforming managers. Read the full review Common Sense on Mutual Funds By John C. Bogle In a blurb for this book, Berkshire Hathaway CEO Warren Buffett calls Mr. Bogle, "cogent, honest and hard-hitting - a must read for every investor." And that's about right. Almost any mutual fund investor can get $23.95 of value out of this excellent work. Read the full review The Money Machine: How the Mutual Fund Industry Works - and How to Make It Work for You By Daniel Stoffman For the less experienced mutual fund investor, The Money Machine can teach the valuable lesson that what heavy management and sales fees pay for is selling which, while good for the sellers, has little to do with performance obtained by investors. Read the full review The Power of Index Funds: Canada's Best-Kept Investment Secret By Ted Cadsby The Power of Index Funds is a valuable manual on index investing and the definitive book on the subject in Canada. Read the full review