John Wiley & Sons, 2013, [Equity Investing] Grade 3
Most For-Dummies-books will take you far beyond the dummy level. This one is no exception. Nick Hodge is an author of multiple books on energy investing and also one of the editors of the energy-investing site Energy & Capital. Several of the other editors have helped out writing... Further reading... Link to Amazon...
BAM Alliance Press, 2015 [Equity Investing] Grade 2
The Incredible Shrinking Alpha´s core purpose is to show that active management is futile and as “alpha has become beta” those futile odds have been lowered even more compared to the 1950s. One of the authors, Larry Swedroe is a well-known proponent of investing in ETFs, while Mr... Further reading... Link to Amazon...
Wiley Finance, 2014 [Equity Investing] Grade 4
Hopefully this book can do for corporate culture and creating value what William Thorndike’s Outsiders did for share buybacks and “value creation”. For those of you with a high degree of Warren Buffett-nausea, please keep reading! If Larry Cunningham’s The Essays of Warren... Further reading... Link to Amazon...
Columbia University Press, 2014, [Equity Investing] Grade 4
This book wants to be taken seriously – and it should. The ambition is grand and the author is innovative. Nick Gogerty could perhaps easiest be described as a serial entrepreneur within technology and finance. He’s a private strategist working for leading hedge funds, banks and... Further reading... Link to Amazon...
John Wiley & Sons, 2013, [Equity Investing] Grade 4
This Book is not like anyone you have read before. Mark Spitznagel builds a mosaic of philosophy, history, economics, military strategy, psychology and more to end up with a loose framework for equity investing that could serve as a practical sequel to Nassim N. Taleb’s Antifragile. Indeed... Further reading... Link to Amazon...
Allen Lane, 2014, [Equity Investing] Grade 4
It is usually the sign of a good book if it ignites heated debate between its detractors and its supporters. Equally, it is the sign of a good book if it was written by Michael Lewis. This book delivers superbly on all promises. Lewis, who needs no introduction after smash hits such as... Further reading... Link to Amazon...
Wiley, 2003, [Equity Investing] Grade 3
Reading Financial Fine Print takes me down memory lane to the early noughties when this reviewer – deemed “a sceptic and perma-bear” – created several “Black Lists” consisting of companies with multiple red flags in minefields like pension debt, option schemes, goodwill... Further reading... Link to Amazon...
The MIT Press, 2000, [Equity Investing] Grade 3
A central guidepost of finance is that an investor that is better informed than the others can generate returns higher than the less knowledgeable. The investor with the ultimate level of corporate specific knowledge is the corporate insider. The objective of this book is to determine... Further reading... Link to Amazon...
McGraw-Hill, 2009, [Equity Investing] Grade 4
Forecasting is hard. Skilled financial forecasting with inadequate tools is even harder. This book supplies the tools; that is, it supplies the structure of the Excel-designs used to try to model a company’s financial future and the DCF used to assess its intrinsic value. John Tjia for a very... Further reading... Link to Amazon...
Free Press 2007, [Equity Investing], Grade 4
Recently, there was an article about Chinese IPOs in a Shanghai newspaper. The writer spoke to Yan Ding, head of Ceibs Research Center in Shanghai about the merits of investing in the avalanche of IPOs coming the market’s way this year. “If somebody asks me whether to invest... Further reading... Link to Amazon...
Portfolio Penguin, 2012 [Equity Investing] Grade 3
Last month, one of the most influential business journalists of our time decided it was time to hang up the pen. Carol J. Loomis, the longest-tenured journalist ever at Fortune Magazine (60 years!) was recently described as the business writer combination of Cal Ripken Jr (durability... Further reading... Link to Amazon...
John Wiley & Sons, 2012, [Equity Investing] Grade 4
The mind constantly plays tricks with investors. In a stressful - potentially loss-making - situation the negative pressure risks short-circuiting our analytical ability and when looking at new investments greed makes the investor susceptible to buying into management’s song and... Further reading... Link to Amazon...
Palgrave Macmillan 2014, [Equity Investing], Grade 5
“Hang out with people better than you, and you cannot help but improve”. This book by one of the most prolific second-generation Buffetteers is about building the appropriate investment foundation, about setting up the right environment, about the triumphs of an inner scorecard... Further reading... Link to Amazon...
John Wiley & Sons, 2014, [Equity Investing] Grade 4
In a capitalistic economy with free market entry new competition will ensure that any existing company’s surplus financial returns will evaporate over time. That is, unless there is something that interferes and protects the incumbents from new competition. Few have spent more time... Further Reading... Link to Amazon...
BN Publishing, 2009, [Equity Investing] Grade 4
As a book these 100 pages is a triviality. It contains four speeches for MBA students made by Warren Buffett between 1998 and 2005. On the other hand the content of the talks are far from trivial, even if the mundane language of Buffet could mask the importance of what is being said. Further reading... Link to Amazon...
Wiley & Sons, 2007, [Equity Investing] Grade 5
Reading this book in 2007, it had an immense impact on my thinking. The gravitating pull from valuations in a range-bound market – one of the book’s core ideas – nicely interlinked with the identification of great franchises. Active Value Investing also hit home in a few other ways... Further reading... Link to Amazon...
McGraw-Hill, 1984 1st ed, [Equity Investing] Grade 5
Some strands of value investing are relatively quantative in their focus on the replacement cost of balance sheet items etc. A growth investor invests in the unknowable future of a company. In some respects growth investing then is more of an art form where some forms of value investing... Further reading... Link to Amazon...
John Wiley & Sons, 2010, [Equity Investing] Grade 3
The ever-changing technology sector is tricky to cover in a text with long duration like a book. The authors, at the time employees at California based Fisher Investments, handle the reasonably task well. Today’s trendy topics such as Social, Big Data and Mobile aren’t covered as they... Further reading... Link to Amazon...
John Wiley & Sons, 2008, [Equity Investing] Grade 3
To some, activists are a flock of locusts destroying all what comes in their way. Others see them as champions of the rights of owners and slayers of corporate waste and inefficiency. In 2000 Financial journalist Ronald Orol got assigned to the task of scanning the... Further reading... Link to Amazon...
John Wiley & Sons, 2005, [Equity Investing] Grade 3
No matter how much you research the stocks you invest in there are always some that know the companies even better: the management. Imagine if you could employ them part time to work for you. In a way you can. George Muzea has spent the main part of his 40-year career in the... Further reading... Link to Amazon...
