Here’s what I’ve been reading the past three months:
- Richer, Wiser, Happier — The book is based on a collection of interviews with some of the greats, one per chapter, and the author ties together the common lessons between them all. It’s one of the best investing books I’ve read this year. If you grab a copy, take the time to browse the source notes and footnotes at the back of the book. There’s some great stuff in there as well.
- Investment Gurus — The author interviewed a number of active investors and academics, then published the transcripts. I grabbed a copy because a few names stood out: Peter Lynch, Michael Price, Mario Gabelli, Roger Murray, Bill Sharpe, Eugene Fama, among others. The underlying topic revolves around market efficiency, but thankfully the conversations veer off into other directions. There are a few nuggets in there but it’s by no means a must-buy.
- Baruch: My Own Story — Burach’s autobiography covers his long life in and outside Wall Street. He starts with his early years growing up in South Carolina, becoming a runner on the Street, making his fortune, his time as a presidential advisor during WWI and WWII, and the market history he experienced along the way. The investing lessons alone make it a worthwhile read. I haven’t finished yet…slowly making progress in my free time.
- CFP Exam Study Guides — Most of these past two months were spent finishing these guides and the studying will continue for the foreseeable future. I won’t rehash the topics. Notes can be found here, for anyone interested. Things will get back to normal about mid-November.
Need more reading ideas? Try these book lists:
- Non-Finance Books Finance People Should Read — There are a lot of great book choices in this long Twitter thread answering Barry Ritholtz’s question — What non-finance books should everyone in finance read?
- 18 Books that Replace Business School — If you’re looking for finance books, this list by Ryan Holiday is a good place to start.
- Your 50 Favorite Sci-Fi And Fantasy Books Of The Past Decade — Based on NPR’s reader poll.
Last Call
- What is Your Investment Edge? – Behavioural Investment
- Leaving on Bad Terms – Humble Dollar
- Dangerous Feelings – M. Housel
- The Arithmetic of High Conviction Portfolios – Klement on Investing
- The Broken Clock – Of Dollars and Data
- Songs of Experience: Reminiscences of a Strategist – L. Sonders
- The Milken Way – Neckar’s New Money
- A Conversation with Former Google CEO Eric Schmidt – The Atlantic
- 5 Lessons Evergrande Taught Us About The Chinese Economy – NPR
- The Stories Behind 20 Inventions That Changed the World – Mental Floss