Read more on Amazon Read my other book notes Rating: Optional Reading Language: English Summary Hagstrom covers a few mental models from different fields – such as physics, biology and psychology – and how they can be applied to improve investment decisions. He neglected some important mental models and could’ve covered more ground. Seeking Wisdom […]
Investing The Last Liberal Art by Robert Hagstrom Read More »
Read more on Amazon Read my other book notes Rating: Must Read Language: English Summary Pabrai explains all the core concepts of investing in an entertaining, simple and clear manner. Mandatory reading for those interested in investing or entrepreneurship. Key Takeaways What I got out of it I’ve read 15+ investment books in the past
The Dhandho Investor by Mohnish Pabrai Read More »
Read more on Amazon Read my other book notes Rating: Skip This Book Language: English Summary An attempt to explain booms and busts in financial markets. Long-winded, boring and there is a danger to become oblivious to the real causes: leverage and human psychology. Read A Short History Of Financial Euphoria instead. Key Takeaways Roughly
Irrational Exuberance by Robert Shiller Read More »
Read more on Amazon Read my other book notes Rating: Recommended Books Language: English Summary Every boom and bust cycle in the history of financial markets revolves around 2 things: mass psychology and leverage. Financial memory lasts about ~20 years before history repeats itself. This short book should be mandatory reading for anyone wanting to
A Short History Of Financial Euphoria by John Kenneth Galbraith Read More »
Read more on Amazon Read my other book notes Rating: Optional Reading Language: English Summary A good beginner book on value investing. The first half covers valuation and investment principles; the second half covers multiple value investors and their different styles. Key Takeaways What I got out of it Having binge-read investment books for two
Value Investing From Graham To Buffett And Beyond by Bruce Greenwald Read More »
Read more on Amazon Read my other book notes Rating: Optional Reading Language: English Summary Spier’s journey from a typical Harvard Business grad turned Wall Street investor to a secluded, calm and life-enjoying value investor. Heavy on self-reflection and one’s inner journey, light on investment advice. Key Takeaways We like to think that we change
The Education of a Value Investor by Guy Spier Read More »
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
Charlie Munger The Complete Investor by Tren Griffin Read More »
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
The Little Book Of Sideways Markets by Vitaliy Katsenelson Read More »
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.
The Little Book Of Valuation by Aswath Damodaran Read More »
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
Deep Value by Tobias Carlisle Read More »
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
The Acquirer’s Multiple by Tobias Carlisle Read More »
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
Beating The Street by Peter Lynch Read More »