Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Sunday, March 17, 2013

Books About Investing

Top 10 Books for the New Investor, or Great Books to Read or Review for the Not-So-New Investor

Just a list of recommendations I thought I’d try and put together. It was really hard to only pick 10, but here’s one attempt at it.

1. The Intelligent Investor

2. The Essays of Warren Buffett

3. Poor Charlie's Almanack

4. The Most Important Thing Illuminated

5. Seeking Wisdom: From Darwin to Munger

6. The Investment Checklist

7. The Little Book of Behavioral Investing

8. Competition Demystified

9. Boombustology

 
 
 
 
 
1.  The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)  
 By Benjamin Graham, Jason Zweig

 

2.  The Essays of Warren Buffett: Lessons for Corporate America, Third Edition By Warren E. Buffett, Lawrence A. Cunningham

 

3. Poor Charlie's Almanack
The Wit and Wisdom of Charles T. Munger
Expanded Third Edition

Forward by Warren E. Buffett

Edited by Peter D. Kaufman

4. The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
By Howard Marks





5. Seeking Wisdom
From Darwin to Munger
Third Edition
By Peter Bevelin


 

6. The Investment Checklist: The Art of In-Depth Research
By Michael Shearn



A practical guide to making more informed investment decisions
Investors often buy or sell stocks too quickly. When you base your purchase decisions on isolated facts and don't take the time to thoroughly understand the businesses you are buying, stock-price swings and third-party opinion can lead to costly investment mistakes. Your decision making at this point becomes dangerous because it is dominated by emotions. The Investment Checklist has been designed to help you develop an in-depth research process, from generating and researching investment ideas to assessing the quality of a business and its management team.
The purpose of The Investment Checklist is to help you implement a principled investing strategy through a series of checklists. In it, a thorough and comprehensive research process is made simpler through the use of straightforward checklists that will allow you to identify quality investment opportunities. Each chapter contains detailed demonstrations of how and where to find the information necessary to answer fundamental questions about investment opportunities. Real-world examples of how investment managers and CEOs apply these universal principles are also included and help bring the concepts to life. These checklists will help you consider a fuller range of possibilities in your investment strategy, enhance your ability to value your investments by giving you a holistic view of the business and each of its moving parts, identify the risks you are taking, and much more.
  • Offers valuable insights into one of the most important aspects of successful investing, in-depth research
  • Written in an accessible style that allows aspiring investors to easily understand and apply the concepts covered
  • Discusses how to think through your investment decisions more carefully
With The Investment Checklist, you'll quickly be able to ascertain how well you understand your investments by the questions you are able to answer, or not answer, without making the costly mistakes that usually hinder other investors.





7. The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Books, Big Profits (UK)) By James Montier


8. Competition Demystified: A Radically Simplified Approach to Business Strategy By Bruce C. Greenwald, Judd Kahn


9. Boombustology: Spotting Financial Bubbles Before They Burst By Vikram Mansharamani

 

10. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
By Nassim Nicholas Taleb

 

 

 

 

 

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