Better Than a Tan: 10 Books on Getting Rich

It's Memorial Day weekend. What's on your summer reading list?

Here are ten suggestions from TheStreet.com.

1. Fiscal Fitness by Jack LaLanne and Matthew Rettick

Health Guru Jack LaLanne: Get Your Retirement Plan in Shape

2. Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer) by James Cramer

From Cramer on Stocks vs. Mutual Funds (Video):

Farnoosh Torabi: How do you know if you're a stock person or a fund person, Jim?

Jim Cramer: Well, if you can't do the homework -- or if you can't read a balance sheet, or if you don't have time to listen to a conference call -- then you are, by default, a mutual fund person.

Watch the full video.

3. Applied Portfolio Management: How University of Kansas Students Generate Alpha to Beat the Street by Catherine Shenoy and Kent McCarthy

From Open Book: How to Beat the Street Like KU: If the average investor is a large mutual fund, then being a small investor, like the APM class, is an advantage. We can look for mispricing in stocks that are unloved by the big mutual funds. Understanding the motivation of other market participants and how to use that information to your advantage is another key to successful investing.

Read the full article.

4. Fooling Some of the People All of the Time by David Einhorn

From Open Book: Einhorn on Short-Selling: There is a growing populist sentiment against the hedge fund industry and short-sellers. I agree that it is unfair and elitist for only wealthy people and institutions to have access to some of the best money managers. I also agree that the hedge fund industry has its share of bad players -- as do all professions. However, short-sellers need encouragement. They are an important voice in the market. There is a collective benefit we all enjoy by having profit-motivated investors try to sort out the good companies from the bad.

Read the full article.

5. Creative Capital by Spencer Ante

From Open Book: Important Lessons from a Venture Capital Pioneer: When evaluating an investment opportunity, [Georges] Doriot relied on certain guideposts to base his decisions. Among the key factors:

Management: Doriot considered management as the most important business factor of success. Managers, wrote Doriot, should be "competent in their specialty and dedicated to the purpose of building a successful young company, even if inexperienced in many facets of business administration." The best managers have "technical creative competence," a "drive for recognition or monetary reward," and a strong work ethic "supplemented by a balanced personal life."

Innovation: Products or processes must be preferably beyond the developmental stage, protected by patents and know-how.

Growth: A field of business activity, usually technological, with growth characteristics.

Read the full article.

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