Wrap yourself in a good book reading list
As the weather slowly drives us indoors, try a few book suggestions from our Investment team. Read their reviews to learn why they think each one should be a staple on every investor’s nightstand.
Click on the links to learn more.
Recommended by Frank
Let My People Go Surfing: The Education of a Reluctant Businessman – Including 10 More Years of Business Unusual
Read about the persistence and courage of legendary climber, businessman, environmentalist and founder of Patagonia Inc.
Recommended by Andrew
The Undoing Project: A Friendship That Changed Our Minds
Daniel Kahneman and Amos Tversky’s friendship led to a revolution in Big Data studies, a new approach to government regulation and advances in evidence-based medicine. Lewis shows how their Nobel Prize-winning theory of the mind altered our perception of reality.
Recommended by George
Streaming, Sharing, Stealing: Big Data and the Future of Entertainment
Interesting read on new business models in the entertainment space. For more than business nerds as nearly everyone is impacted by the reshaping of creative industries by technology.
Recommended by Geoff
Learn about gilding the lily. Learn how at times a great number of stupid people have a great deal of stupid money, or about those permanently deformed by self-importance, or how mutual funds lost half their assets in the U.S. in the 70s and 90% in Japan in the 90s. Learn that art prices fell 80% in the 30s and that Tokyo condo prices fell 80% in the 90s. Learn the importance of ignoring noise and babble. Learn about some other great investment books you should read. Learn about previous bull and bear markets. Learn that your baggage as an investor is what you already own and that it often gets in the way of excellence. Learn that all great investors have cold spells and that the people who manage most firms are rarely the ones who built them. Simply one of my top five books for anyone who wants to be a better investor or a bit less stupid with their money.
Recommended by Ted
Arrival of the Fittest: How Nature Innovates
Using experimental and computational technologies, Wagner has found that adaptations in nature are not just driven by chance, but by laws that allow for the discovery of new molecules and mechanisms in a fraction of the time that random variation would take.
Recommended by Derek
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
Before Benjamin Graham, there was Fred Schwed. “Those classes of investments considered “best” change from period to period. The pathetic fallacy is that what are thought to be the best are in truth only the most popular – the most active, the most talked of, the most boosted, and consequently, the highest in price at that time.”
Recommended by Tye
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
I’m a sucker for good investigative journalism. Black Edge is just that. The story of Steve Cohen and “a few” of the illegal activities that went on at SAC Capital.
Recommended by Syd
SPQR: A History of Ancient Rome
Rome’s history from its founding, including its various societal elements that allowed it to flourish as a nation. Many parallels can be drawn to businesses and how they approach corporate culture, expansion and dissent.