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Buy the Book: Print
Joseph De La Vega’s Confusion De Confusiones is the earliest known book on the trading practices of a stock market. Set as four separate conversations between three people, you get a sense of what investing and speculating was like in the mid to late 1600s.
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Several years ago, I read Mortimer Adler’s How to Read a Book after seeing it discussed on Farnam Street. A book about reading a book sounds like a joke, I know, but it’s surprisingly not.
From an early age we’re taught to read, but not how to learn and fully understand something from reading. The book is an instruction manual on that process.
I won’t rehash it all here (read the book if you’re interested), but I was already doing part of that process like marginalia — highlighting, underlying, circling keywords, notes in the margins, etc.
I highlighted and underlined the hell out of that book but never bothered to summarize or go back through it to take notes. But I quickly recovered on the next book — marginalia, summary, notes, the works — and maintained some consistency after that. Continue Reading…
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Joel Greenblatt’s Little Book delivers a crash course in value investing. He covers how to view the market, why most people fail to beat the market, metrics for quality and low priced stocks, and how his Magic Formula works.
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John Bogle was truly a pioneer. Few people would forgo billions by passing it all back to customers as savings to be invested and grown over time but that’s what he did.
It’s impossible to ignore the common sense importance of avoiding high fees. Bogle’s cost matters hypothesis and battle against high fees did more for the average investor — past, present, and (likely) future — than anyone else ever. When you consider compounding, the savings he’s generated has to exceed $1 trillion. He, by way of Vanguard, transformed the industry. His legacy will be felt for generations.
Of course, Bogle was more than just a low-cost advocate. He was a long term advocate. He was a do nothing advocate. And he advocated for enough: Continue Reading…
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Darrell Huff’s book is about the long history of data deception. He explains the many ways data can be manipulated — to misrepresent facts, to tell a different story — in advertising, politics, and other areas and how to defend yourself from it.
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Buy the Book: Print
Nick Murray delivers the timeless “simple truths” of investing that never change regardless of where things stand with the markets.
Buy the Book: 
Buy the Book: