What's on your holiday reading list?
More Than You Know: Finding Financial Wisdom in Unconventional Places
A lucid explanation of the exciting new developments in behavioural economics and cognitive science on the rationality (and irrationality) of people’s economic choices.
Recommended by Ted
The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment
Guy Spier is strong at thinking about the behavioural side of the investment business. He follows a different approach to investing than we do and I’m not sure he actually puts into practice some of the lessons from great investors he’s had the opportunity to learn from. However, his observations are valuable, and the book helped me reflect on my own behaviours and how I could change for the better.
Where Are the Customers' Yachts?: or A Good Hard Look at Wall Street
A 75-year old story no less relevant today.
A behind-the-scenes perspective on the investment industry from the ultimate insider. Biggs shares countless entertaining and humorous stories about the trials and tribulations of running a hedge fund. An instructive account on what it takes to be a great investor.
Against the Gods: The Remarkable Story of Risk
Blends history with investment advice, referencing everyone from poets to military analysts on the subject of risk.