Freakonomics
This book started out pretty good, but ended up losing steam after the introduction. It is basically a collection of psychological/sociological insights that were gained by means of the quantitative analytical tools of economics. It talks about several random examples, which are fairly interesting, but the presentation seems drawn out and occasionally boring. It discusses […]
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Determining Value
This is a review for chapters 1-7 of the book. Determining Value starts out by emphasizing that the Dividend Discount Model is the only fundamental method for valuing equities and all other valuation methods must boil down to it. This sets a clear framework for the rest of the book to build from. Unfortunately, it […]
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Stocks Bonds Options Futures
Stocks Bonds Options Futures explains the basics of investment instruments clearly and thoroughly. It is written at just the right level for those with no finance background, but who are serious about learning the subject of investing. It has a light, non-technical tone, making it very easy to read. It doesn’t focus on investing strategies, […]
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The Alchemy of Finance
George Soros is one of the most successful investors of all time and a very unique type of philanthropist. In his book, The Alchemy of Finance, he discusses his theory of reflexivity and his approach to investing. His theory of reflexivity is based on the idea that not only are people’s perceptions affected by the […]
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The Little Book That Still Beats the Market
Successful fund manager Joel Greenblatt promotes a simple and historically effective formula for beating the market in The Little Book That Still Beats the Market. The formula just considers to basic value-investing metrics, the price to earnings ratio and the return on capital. The formula says to exclude stocks below a threshold market capitalization, exclude […]
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You Can Be a Stock Market Genius
Despite the cheesy title, You Can Be a Stock Market Genius contains some great investing advice. As a successful fund manager, Greenblatt knows which methods work and which don’t. Here he presents several investing strategies based on the idea of looking for special corporate actions like spinoffs, mergers, and restructurings. He explains how these actions […]
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How an Economy Grows and Why It Crashes
How an Economy Grows and Why It Crashes attempts to explain the issue of national debt from the ground up through a story about a fictional island nation. Each chapter describes a phase in the evolution of the island nation’s economy, which mimics the economy of the US, but in a simplified manner. At the […]
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Free to Choose
Free to Choose is philosophical and economic appeal for freedom by Nobel prize-winning libertarian economist Milton Friedman. It contains some reasonable real-world solutions to economic problems that seem very plausible. One example is his voucher plan for education that would improve competition in the market for schooling. He also explains broad economic concepts in simple terms […]
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The Economics of Public Issues
In The Economics of Public Issues, Miller collects a broad set of case studies dealing with the economic consequences of public policies. Every example ends with the conclusion that a libertarian approach produces the most favorable results. Although it is often used as a textbook for college courses, it is much lighter reading than a typical […]
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The Ascent of Money
The Ascent of Money tells the fascinating tale of the financial history of the western world. It explains how finance often decides the outcomes of war, and even whether a war will be started, in addition to many other history-making factors. It stresses how financial innovations like banks, bonds, stocks, and insurance helped optimize the markets […]
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