Each summer, the bookworms on our Investment team offer suggestions about business-related books or podcasts.
Enlightenment Now by Steven Pinker
Bill Gates’ new favourite book tries to answer the question of “Why should I live?” with the ways the world is a lot better place than it seems sometimes.
Ubiquity by Mark Buchanan
Scientists recently discovered a new law of nature and its footprints are virtually everywhere – in the spread of forest fires, mass extinctions, traffic jams, earthquakes, stock market fluctuations, the rise and fall of nations and even trends in fashion, music and art. Wherever we look, the world is modelled on a simple template; like a steep pile of sand, it’s poised on the brink of instability. From avalanches to events, ideas or whatever, the world seems to follow a universal pattern of change.
The Only Rule Is It Has To Work by Ben Lindbergh and Sam Miller
Ben Lindbergh and Sam Miller, two of baseball’s leading analytics writers, put their beliefs on the line by taking over an actual minor league baseball team and trying to implement their unorthodox theories.
Superforecasting: The Art and Science of Prediction by Philip E. Tetlock
Why are expert predictions only slightly better than chance? Drawing from the results of a decade-long forecasting tournament involving thousands of ordinary people, this book attempts to understand what makes a higher probability forecast and a stronger overall forecaster.
Masters in Business - Conversation with Annie Duke
For decades, Annie Duke has been one of the top-ranked poker players in the world. This podcast is a good introduction to someone who wants to understand decision making.
The Money Game by “Adam Smith” (a pseudonym for George Goodman)
A collection of stories that illuminate the ridiculousness of Wall Street, markets and investor psychology – this is a book written before its time. In 1968, “Adam Smith” had momentum stocks and algorithms all figured out:
“We live in an age of charts and computers, and the thing about charts and computer studies is that they show what is moving, and if everybody plays this game, then what moves is what is already moving.”
Hidden Forest: The Biography of an Ecosystem by Jon R. Luoma
Easy to read and short. Luoma does an exceptional job describing the different ecosystems within the Andrews Experimental Forest. Any reader looking to find parallels with the business world won’t be disappointed.
WorkLife with Adam Grant
Organizational psychologist Adam Grant looks at different workplaces to find lessons that can improve their own job experiences.
Invest Like the Best with Pat O’Shaugnessy
Asset management CEO discusses life stories with a variety of people to help
The Great Depression: A Diary by Benjamin Rother
An insightful firsthand account of the Great Depression. The author was a young lawyer in Youngstown, Ohio and decided to write a diary about the daily economic occurrences happening both locally and the rest of the U.S. The intent for his diary was to educate himself about the significant economic volatility he witnessed and read about. Unlike all other accounts I’ve read on the Great Depression, the writer had no knowledge of when the Depression would end. Just a long list of daily facts, day after day, with no sense for when things would get better, mixed with many false hopes for a recovery. It’s a great book for young investors to read, especially before their first investment. It will likely add prudence to the stocks or bonds they select, and they’ll stay away from leveraging those investments.
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail by Clayton M. Christensen
This was first published over 20 years ago. Given the rate of disruptive innovation, it’s even more important today to understand the concepts outlined in this book.
The long hot days of this summer also inspired us to compile a list of our most influential and personal favourites (book, album, movie). While this list began as an internal initiative, we thought we would share it with you, hoping you’ll find some inspiration or entertainment, or even get your brain cells fired up.