Book Notes

Read more on Amazon Read my other book notes Rating: Optional Books Language: English Summary A short introduction to (1) value investing and (2) Charlie Munger’s way of thinking. The book is filled with Munger quotes. Great starting point for those interested in investing or Munger; a skip for everyone else. Key Takeaways What I

Read more on Amazon Read my other book notes Rating: Optional Books Language: English Summary Bull markets are often followed not by bear markets, but by sideways markets in which P/E ratios revert to the mean and most stock returns come from dividends. Buy-and-hold works well in bull markets; an active buy-and-sell approach works better

Read more on Amazon Read my other book notes Rating: Optional Books Language: English Summary Provides relative and intrinsic valuation methods for stocks of businesses in all stages of their lifecycle. A very in-depth explanation. Also includes business drivers for each type of business. Beware that this is just one man’s way of valuing businesses.

Read more on Amazon Read my other book notes Rating: Skip This Book Language: English Summary 240 pages of research results, anecdotal evidence and Graham, Buffett and Icahn quotes and stories to make the case that (deep) value investing is the way to invest in stocks. Limited how-to. Read the shorter, less academic The Acquirer’s

Read more on Amazon Read my other book notes Rating: Optional Books Language: English Summary Shorter and easier to read than Deep Value and tells the same story: (1) use the Acquirer’s Multiple to find the most undervalued stocks and (2) buy them with the largest margin of safety to give yourself the best odds

Read more on Amazon Read my other book notes Rating: Recommended Language: English Summary An autobiography of Lynch’s time at Fidelity, focusing on his investment approach and how he learnt the craft. Very practical, easy-to-read and filled with case studies of stock and business analyses. Key Takeaways Peter’s Principle #3: Never invest in any idea

Read more on Amazon Read my other book notes Rating: Optional Language: English Summary A great book on the philosophy and emotional side of investing and all its nuances. Commentary throughout the book is great too. Not recommended for beginning investors, however, as the concepts and way of writing are quite advanced. Key Takeaways “Experience

Read more on Amazon Read my other book notes Rating: Optional Language: English Summary This bible of growth investors provides a useful 15 point framework to qualitatively evaluate companies. Combined with a more quantitative value approach, you can get a more complete picture of a possible investment. But it’s not worth the 300 pages; a

Read more on Amazon Read my other book notes Rating: Recommended Language: English Summary A great explanation of value investment principles, valuation methods and how to avoid investment failure. A shorter, easier and, for most people, more useful read than The Intelligent Investor. Key Takeaways Buy and sell decisions must be based on the prices