|
Like many successful investors, we necessarily read a large volume and variety of books and periodicals (and like to do so). We have tried to list below some of our favorites across a variety of subjects. Philosophy, Psychology and Self Improvement Sales, Marketing, and Entrepreneurship Biographies and Autobiographies Golf |
|||||||
| Investing Books | |||||||
|
Common Stocks and Uncommon Profits By Phil
Fisher
One of the greatest investment books ever written. The clarity of Phil's writing and thinking come through on every page. Its amazing that this book was written in the 1950s but still resonates as if it were written recently.
|
|
||||||
|
The Intelligent
Investor By Benjamin Graham Another all-time classic. In this book, Graham, who mentored Warren Buffett, succeeds in presenting his philosophies and approach in a manner almost anyone can appreciate. Incredible!
|
|
||||||
|
Value Investing: From Graham to
Buffett and Beyond By Bruce Greenwald, et. al
A recent collaborative book by four authors who are professors and or
money managers at Columbia where Graham attended undergraduate and
ultimately taught at the Business School. It extends his ideas and
brings them into the 21st century in a readable and clear fashion. |
|
||||||
|
The Interpretation of
Financial Statements by Benjamin Graham
A another classic by the dean of value investing. This one covers the basics of accounting and financial statement analysis. |
|
||||||
|
You Can Be a Stock Market Genius
By Joel Greenblatt A good book that offers more practical techniques and examples, especially on special situation investing. Joel is also a thoughtful and humorous guy with a quirky wit. A great book on a particular subset of investing. Highly recommended. |
|
||||||
|
John Neff on
Investing By S.L. Mintz
John Neff is the Peter Lynch of his generation with a different approach. A good book by a great investor and worth picking up (But I would read some of the other books here first). |
|
||||||
| One
Up On Wall Street By Peter Lynch
Peter Lynch is a legend and rightly so. He successfully did what
Michael Jordan could not, he quit at the top of his game and stayed away. Anything he has to say on investing is worth listening to. |
|
||||||
|
A Money Mind at
Ninety By Philip L. Carret
Philip was one of the original money managers. A New Englander all
his life, he started one of the (if not the) first mutual fund formed in the
U.S. He is legendary for buying and holding good companies and
was a successful money manager when Warren was just a baby. |
No Picture Available |
||||||
|
Beating the
Street By Peter Lynch Another good book by Lynch (see above) |
|
||||||
| Back to Top | |||||||
| Science Books | |||||||
| Six Easy Pieces : Essentials of
Physics Explained By Its Most Brilliant Teacher By Richard Feynman
I have loved science and physics since before watching Cosmos as a child. This book is a classic for anyone curious about classical physics (i.e. mechanics). Should be part of any well rounded education.
|
|
||||||
|
Six Not-So-Easy Pieces :
Einstein's Relativity, Symmetry, and Space Time By Richard Feynman A wonderful book if you are wondering about the meaning of relativity and space-time. The topics covered involve some of the most sublime and profound discoveries (and thought experiments) of the twentieth century. Takes some work, but well worth the effort.
|
|
||||||
|
Fermat's Enigma
By Simon Singh An outstanding book to indulge any latent curiosity about mathematics and some of its greatest mathematicians. Also entertaining read on the recent discovery of a proof to one of mathematics simplest to describe but most difficult to solve problems
|
|
||||||
| The Code Book: The Science of
Secrecy From Ancient Egypt to Quantum Cryptography By Simon Singh Using cryptography as a vehicle, this book covers a lot of ground in a quick read. Very entertaining and wonderful at explaining the importance of and thinking behind code-making and code-breaking systems. Intro to Quantum Computing also very interesting.
|
|
||||||
| QED:
Quantum Electro Dynamics By Richard Feynman Somewhat denser than his other books and more physics oriented, but covers a subject likely closer to Feynman's heart since Feynman made some seminal contributions to QED.
|
|
||||||
|
The Selfish Gene By Richard Dawkins I heard about this book because Charlie Munger is a big fan. Its essential idea is that evolution is about evolutionary stable strategies from a gene (and not an organism or species perspective). The rest of the book just elaborates on this one idea in lots of detail. Worth a look but not as interesting as I expected (Full disclosure: I have a physics, math, and computer science bias).
|
|
||||||
| Back to Top | |||||||
|
Philosophy, Psychology
and Self Improvement Books |
|||||||
| Influence : The Psychology of
Persuasion By Robert Cialdini
An excellent book also strongly recommended by Charlie Munger and an
important component of the mental models you need to make sense of the
world. Basically, Cialdini summarizes and explains in an extremely
accessible manner loads of research that suggest a number of short cuts that
people are pre-wired to take. Unfortunately, these mental short cuts make
us prey to manipulation. Awareness seems to be the best defense, and
sometimes, these tools can actually to used for good purposes as well (for
example to dissuade someone from doing something that would be destructive
to them). |
|
||||||
| Man's Search for
Meaning By Viktor Frankl
A sublime book and beautiful in its scope and message. Frankl has
hit on some profound truth that are worth exploration and reflection.
Advance readers might want to follow this up with Man's Search For Ultimate
Meaning which is a more technical but also quite profound work as well. |
|
||||||
| The 7 Habits of Highly Effective
People By Stephen R. Covey A bestseller, but still
worthwhile. I had the opportunity to hear Covey speak at the Harvard
Business School before I picked up his book and his message continues to
resonate because it is timeless: Work from the inside out, focus on
win-win relationships, and take responsibility for yourself (this is an over
simplification, so read the book!) |
|
||||||
| Unlimited Power : The New Science
of Personal Achievement By Anthony Robbins.
I was very skeptical that Anthony Robbins would have anything worthwhile
to say. By the time I read this book, he already had a relatively high
media profile and the fact that he did a lot of seminars took me back to the
bad old days of no money down real estate pitch men infomercials. Boy
was I wrong! This book is densely packed with deep and worthwhile
insights on a range of subjects like autosuggestion, visualization, diet,
personal effectiveness, etc. Each chapter could almost be a book in
itself. This is one of his earliest works, and probably one of his
best. |
|
||||||
| Think and Grow
Rich By Napoleon Hill
A cheesy title but a worthwhile book. It is about more that growing rich. Offers insights on the nature of reality and setting goals and achieving them. |
|
||||||
| How to Win Friends and Influence
People By Dale Carnegie
A practical guide that offers a number of fundamental insights on
relationships and people's motivations. Don't let the title fool you,
because it is not about manipulating people. Rather it is about being
sincere and communicating your message most effectively. A classic. |
|
||||||
| Back to Top | |||||||
| Business, Management, and Economics Books | |||||||
| The Warren Buffett
CEO By Robert P. Miles.
An interesting book about the stable of outstanding managers that Warren
has assembled. They have tended to get overshadowed by the boss so
this book is a welcome addition to the complete Buffett library. |
|
||||||
|
Competitive Strategy By Michael Porter
Any good investor or business person needs to spend a lot of time understanding competitive strategy and competitive advantage and there are few people as qualified and recognized as Michael Porter to give a discourse on this subject. An important and valuable book.
|
|
||||||
|
Human Action: A Treatise on Economics by Ludwig Von Mises Von Mises is hardly a household name, but he should be. Founder of the Austrian school of economics, Von Mises was a brilliant man. Originally written in 1946, this ambitious and prescient work de- and re-constructs economics from a foundation based on basic observations about human nature and human needs. A wonderful survey of economics for those seeking a deeper exposure to the subject and a compelling case for individual liberty and free markets. (you can get a free PDF ebook version by clicking here)
|
Buy Human Action: A Treatise on Economics by Ludwig Von Mises from Amazon.com |
||||||
|
Economics in One Lesson By Henry Hazlitt A good introduction to economics and also relevant to economic philosophy. The key lesson of the book which is illustrated again and again through a variety of devices is that those who wish to understand or support any agenda should trace not only the immediate results but also the results in the long run, not only the primary consequences but also the secondary and tertiary consequences, not only the effects on a particular group but also on everyone. Hazlitt is compelling in demonstrating that the persistent and lazy habit of thinking only of a particular industry, process, group, or short-term objective has been responsible for most of the major fallacies in economics and economic policy (and indeed in many other field)
|
|
||||||
| Back to Top | |||||||
| Sales, Marketing, and Entrepreneurship Books | |||||||
|
How
I Raised Myself From Failure To Success in Selling By Frank Bettger Selling and marketing are important skills to cultivate no matter what your job description. At its best, sales is listening to your customers and helping them get what they want. This is a very good book that was originally written back in 1947 by one of the top salespeople of his generation. It is full of practical advice and thoughtful insights. Bettger offers wonderful anecdotes and advice for anyone wondering how to improve as a salesperson and as a customer's person.
|
|
||||||
|
You Can't Teach a Kid to Ride a Bike At A Seminar By David H. Sandler David Sandler was a genius in teaching others to sell (though perhaps not in picking good book titles). This book is an outstanding introduction to his approach to selling and marketing by first utilizing a process focused mainly on finding out if a prospect has any pain that you can help to alleviate. His is an integrated system drawing upon the wisdom and experience he assimilated for a variety of fields. What you will learn from this book is applicable far beyond selling. |
|
||||||
|
|
|||||||
| Back to Top | |||||||
| Biographies and Autobiographies | |||||||
|
Jack: Straight from the
Gut By Jack Welch and John A. Byrne
An interesting autobiography. Reads like a good story and provides some
insights into how the "Tiger Woods of Management" got there, stayed
there, and what he did that was so successful while he was there. |
|
||||||
|
Autobiography of Ben Franklin Charlie Munger is a big Ben
Franklin fan, which led me to this book, and I can see why. Ben was the
original American Horatio Alger and all around renaissance man (not to
mention ladies man). Lots of lessons for the thoughtful reader. |
|
||||||
|
Damn Right! Behind the Scenes
with Berkshire Hathaway Billionaire Charlie Munger By Jane Lowe A decent read. I have a lot of respect for Charlie (a fellow Harvard Law Grad) and a very very smart fellow who reads a lot. There is a lot more that could have been said, but this is a good start about someone who does not have as high a profile as he should (probably by design) |
|
||||||
| Back to Top | |||||||
| Novels and Fiction | |||||||
| The Catcher in the Rye
by J.D. Salinger
A tremendous novel that I want to read again now that I have grown
up. A classic that captures the feelings of adolescence and New York
City through the eyes of a child. |
|
||||||
|
The Once and Future
King By T.H. White An incredible, funny, moving novel about the life and times of King
Arthur and the original Camelot. Originally published as four separate
books that were combined in this collection. Timeless and magical. |
|
||||||
| Dune Collection-5 Volume Boxed
There has rarely, if ever, been a world of pure imagination as complex
and creative as Dune, the desert planet. Herbert covers a broad swath
of imagined distant future human history in his original five novels.
Even though the novels are, at times, dense and difficult, the sweep and
imagination are awesome. I recently discovered that his son has
written some prequels that are also worthwhile, thought different than his
father's original works of art. |
|
||||||
| The Hobbit and The Lord of the Rings Boxed Set By
J.R.R. Tolkein
The Lord of
the Rings have finally been made into a movie worthy of the books, but Tolkein's achievement towers
above almost everything else in its beauty and
imagination. If you are new to both, read the books first so that your
own imagination is unconstrained by the movies. |
|
||||||
| Foundation
Trilogy By Issac Asomiv
Asimov's attempt at charting a future (or was it past?) history focusing on robots. Though not at the level of Tolkein or Herbert, still quite good (Note: its been a while, and I don't remember that much). This is a trilogy, and the above link is to the first one in the series. |
|
||||||
| Atlas
Shrugged By Ayn Rand Atlas Shrugged (and its predecessor The Fountainhead) are great books. They are long, take effort, and are sometimes annoyingly pedantic. However, there are worthwhile nuggets and the stories and characters can also be moving and/or compelling. Like C.S. Lewis' 7 volume Chronicles of Narnia, these books offer in literary form an encapsulation of the author's philosophical or theological views. |
|
||||||
| Back to Top | |||||||
| Golf | |||||||
| Ben Hogan's Five Lessons
In my opinion, the single best book on the golf swing every written by one of its greatest players and swing analysts. Hogan is a legend and after reading this book, it becomes clear why. (Note: I've read the book but you can't tell based on my game) . Thin but action packed with loads of fun activities that will keep you amused for hours.
|
|
||||||
| Golf My Way By Jack Nicklaus Read the book that Tiger learned from when he was still a boy written by the man he is still chasing (with a lot of success we should add).
|
|
||||||
| Back to Top | |||||||
|
|
|||||||