Hedge Fund Market Wizards
I wasn’t that into this book, but parts of it did motivate me in my investing work. It was mostly very high-level advice from many experts with various views and it was biased towards a trading mindset, though it did have a few value investors too. It covered topics like risk control, when to stick […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Sleeping on a Volcano
This book contains a lot of interesting data and information about macroeconomic forces, particularly demographics and sovereign debt. It painted a convincing picture that the current economic status quo is not only unsustainable but almost unbelievably crazy. It doesn’t go too deep, which makes it a very fast and easy read, so I had a […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Charlie Munger: The Complete Investor
Although Charlie Munger is really interesting, I didn’t get a whole lot out of this book. It is mostly a very basic introduction to Munger’s investing philosophy, which I’ve read about many times before. Even if I hadn’t been exposed to his investing philosophy before, I still think there are other books that cover the […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Progress and Poverty
The thesis of this book is very important. It argues that poverty and much human suffering is the direct result of private ownership of land. The author attempts to prove some basic theorems of economics, but I wasn’t convinced that these proofs were rigorous. I didn’t spend too much time thinking about them though, so […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Deep Value
The thesis of this book is that the worst quality stocks have the best expected returns, as a portfolio. Even the these low-quality stocks have a much higher probability of going bankrupt individually, they also have a much higher probability of shooting up in price. So it sounds like a classic high volatility situation where […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
The Black Swan
This book is about the idea that people over-rely on the gaussian distribution and that big events happen much more often than a gaussian distribution would predict. It’s an important concept, but there wasn’t much useful information in the book.
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
The Communist Manifesto
The very beginning was alright. I mostly agree with some of the complaints about society that they have, e.g. that workers are exploited by capitalists and that jobs have become more dehumanizing and/or less natural for humans to do. However, I was appalled at the leap that they took from these complaints to just prognosticating […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Investment Valuation
This book took me a year to read because it was very difficult to focus on. It was very long-winded and dry, in the usual college textbook fashion, but this is just the price that must be paid for covering all of the material in full detail. The book covers a lot of good topics […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Buffettology
Despite being written for general audiences, Buffettology provides some really good investing advice. It emphasizes a few key principles including: price determines your rate of return, you should aim to maximize your rate of return and maintain it for as long as possible, look for companies with stable return on equity, and look for companies […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
Liar’s Poker
Liar’s Poker tells the story of Salomon Brothers during its heyday as Wall Street’s leading bond firm in the 1980s. The author was a new-hire who became extremely successful during his first two years, but nevertheless decided to quit. During his short period of employment at Salomon Brothers, he saw a lot of crazy things […]
Read more from the Economics and Finance category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.