Sleeping on a Volcano

Written on October 3, 2019. Written by .

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 […]

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Charlie Munger: The Complete Investor

Written on April 16, 2016. Written by .

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 […]

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Progress and Poverty

Written on February 7, 2016. Written by .

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 […]

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Deep Value

Written on February 28, 2015. Written by .

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 […]

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The Black Swan

Written on June 18, 2014. Written by .

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. ★★★★★

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The Communist Manifesto

Written on February 11, 2014. Written by .

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 […]

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Investment Valuation

Written on September 3, 2012. Written by .

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 […]

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Buffettology

Written on March 4, 2012. Written by .

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 […]

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Liar’s Poker

Written on February 12, 2012. Written by .

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 […]

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The Complete Guide to Capital Markets for Quantitative Professionals

Written on January 2, 2012. Written by .

This is not a book about options pricing and risk analysis as the title may indicate. It is more like an orientation manual for software developers entering a financial firm. It starts out with a great introduction to the important aspects of the financial markets, including the history of the Federal Reserve, how a stock […]

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