The Intelligent Investor by Benjamin Graham
Written by the father of modern value investing (and Warren Buffet’s mentor), The Intelligent Investor is a wonderful read and vocational masterpiece, but it’s also important for every investor to understand, since it has likely impacted almost all participants in the broader capital markets with and from whom you intend to profit.
Read it multiple times since you will always walk away with a new appreciation of Graham’s genius, as well as a healthy dose of reality.
When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
This is the best book ever written about investing and investors. Following as almost a sequel to Liar’s Poker, it tells the incredible story of Long-Term Capital Management, an American hedge fund boasting not one, but two Nobel Prize-winning economists among its partners.
The story of LTCM’s rise and subsequent blow-up is soap opera worthy, and would be almost impossible to believe credible were it fiction and not fact. It tells the story of what happens when greed,
A cautionary tale if ever one there was, it will make even the most self-assured investors reflect on their own mortality and imperfections.
Too Big to Fail by Andrew Ross Sorkin
Two parts history lesson and one part voyeurism, Too Big to Fail brings us right into the key decisions that shaped what happened (and could have happened) at the apex of the 2008 financial crisis.
From inside the boardroom at Lehman Brothers to the corridors of the Capitol and the West Wing, the book serves as a reminder that even the greatest institutions are run by humans — humans capable of outrageous greed and who may lack any moral compass.
For those whose memory has waned in the nearly six years since the crisis passed, this book will transport you right back to September 2008 and remind you that all of itcould happen again.
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