John Wiley & Sons, 2012, [Equity Investing] Grade 3
Hilary Kramer, editor of two investment letters and previous hedge fund manager and equity analyst at Morgan Stanley and Lehman here shares her hard earned insights from 25 years of small cap investing. Her starting point is that of a contrarian searching for beaten down and unloved stocks that... Further reading... Link to Amazon...
John Wiley & Sons, 2010, [Equity Investing] Grade 5
This is an almost epic tale of a clash between a blunt, stubborn-as-a-mule hedge fund manager with a fierce sense of justice called Bill Ackman and MBIA, the largest municipal bond insurer in the United States with a tough CEO named Jay Brown. It’s also a story of lazy... Further reading... Link to Amazon...
Scribner, 2008, [Equity Investing] Grade 4
The authors have written several books on Warren Buffett’s investment approach. The “Buffettology” books are the more well known. The title of this book is inspired by Ben Graham’s seminal book on the subject of using financial statements to find undervalued stocks. What makes this book... Further reading... Link to Amazon...
Templeton Foundation Press, 2004, [Equity Investing] Grade 3
When you hear the name “Sir John Templeton”, what is the first thought that shoots into your head? The pioneering global investor? The prayers before investment meetings as a symbol for getting the right mindset to think? The Bahamas? His frugality? The immortal... Further reading... Link to Amazon...
John Wiley & Sons, 2012, [Equity Investing] Grade 3
In his first book, The Billion Dollar Mistake, the author, public speaker and investor Stephen L. Weiss wrote about the biggest mistakes of some of the world’s legendary investors. This previous book described events where they lost billions of dollars on a single investment. That was something... Further reading... Link to Amazon...
Harper Business, 2000, [Equity Investing] Grade 5
Strikingly often successful investors have had other successful investors as their mentors and you often hear them tell the tale of how they came to realize the insights from Ben Graham, George Soros, Jesse Livermore etc. Since very few are privileged enough to work for... Further reading... Link to Amazon...
Fireside, 1997, [Equity Investing] Grade 5
With this his first book, superstar investor Joel Greenblatt tried to bring the process that gave him his early success to the general public. Even though the author is broad within his niche - special situations - the area in itself is specialized and also highly labor intensive making the venture doomed... Further reading... Link to Amazon...
John Wiley, 2013, [Equity Investing] Grade 5
This book is a result from John Mihaljevic’s many projects, for example the websites Manual of Ideas and Valueconferences plus his investment firm, Mihaljevic Capital Management LL., and all of these are in their turn the result of his effort to answer a question he put to... Further reading... Link to Amazon...
Columbia University Press, 2013 2nd ed, [Equity Investing] Grade 5
In the last chapter, the author writes something that perfectly sets the context for this in my mind slightly overlooked investment book (1st ed 2000): “Improving the resource condition of our System 2 thinking – that is to say, deepening and broadening our reserves of relevant information – is the principal reason this book was written”. Writing that in 2000, two years before... Further reading... Link to Amazon...
John Wiley & Sons, 2013, [Equity Investing] Grade 4
In these times of tight budgets, personnel intensive strategies like value investing has had to make way for indexing but also quantative investing. In the introduction to this book Gray and Carlisle give a short but comprehensive description of the field of value investing, including a wonderful... Further reading... Link to Amazon...
Roos & Tegner, 2013, [Equity Investing] Grade 4
“The secret to success in any field is to find what successful people do, think about and act on and do the same”. The above is a quote from motivational speaker and business consultant Anthony Robbins that the author of The Worlds 99 Greatest Investors, Magnus Angenfelt - a former... Further reading... Link to Amazon...
Crown Business, 2011, [Equity Investing] Grade 4
This is according to his own admission the book that superstar investor and Columbia business professor Joel Greenblatt always wanted to but never previously succeeded to write. I’m glad he failed twice before finally nailing it. The two beta versions turned out to be among... Further reading... Link to Amazon...
Dover Publishing, 1930, [Equity Investing] Grade 5
Every year, every business cycle and every decade has its hero. Few keep the track record over an extended time period so one conclusion is that he or she just happened to be long or short the asset proved right to be long or short at... Further reading... Link to Amazon...
Touchstone, 1997, [Equity Investing] Grade 5
When portfolio managers in the US some years ago voted on who they would prefer to manage their own money Warren Buffett only came second. Top ranked was the dean of small cap investing, Ralph Wanger, who was also the first to receive... Further reading... Link to Amazon...
John Wiley & Sons, 2013, [Equity Investing] Grade 4
When I opened up this book my initial reaction was disappointment. It almost exclusively consists of a collection of quotations from the monthly magazine Value Investors Insight. The obvious risk with a “cut-and-paste-set up” like this is that, however excellent the magazine is, it will not give... Further reading... Link to Amazon...
MQUP, 2011, [Equity Investing] Grade 4
Peter Cundill – deep value, contrarian fund manager extraordinaire, Canada’s fiercest disciple of the Benjamin Graham investment principles and a live-life-to-its-fullest-type human being, do you really know enough about him? If not, you will have the immense pleasure of reading this well... Further reading... Link to Amazon...
Wiley & Sons, 2001, [Equity Investing] Grade 3
What’s the difference between Warren Buffett and The Davis family? The former´s compounding at 23 percent annually for over 50 years has brought him the kingdom and the princess many times over, while the latter’s equivalent number – spread over 60 years and three generations... Further reading... Link to Amazon...
John Wiley & Sons, 2011, [Equity Investing] Grade 4
Was Ben Graham really a quant? Yes, in some respects. He surely formulated lists with quality and valuation criteria that a prospective investment would have to pass. Graham also shared the quants basic premise that history gives guidance to the future. With an academic background in... Further reading... Link to Amazon...
John Wiley & Sons, 2011 2nd ed, [Equity Investing] Grade 5
Now and then over the last two years the positions of David Einhorn have been a part of the pitch when I meet sell side analysts. Ever since Einhorn publicly presented Lehman as a short case and Lehman subsequently blew up, the founder of Greenlight Capital has been a household... Further reading... Link to Amazon...
John Wiley & Sons, 2011, [Equity Investing] Grade 3
Gas, water and electricity companies make up the utility sector. Despite the mundane reputation it’s an interesting group of businesses. Sure, the sales growth is slow, demand is inelastic, investors are focusing on dividends etc. but in the past decade, deregulation has allowed the... Further reading... Link to Amazon...
