We thought it would be a good idea to compile a list of books / documentaries that have influenced our investment style or helped provide insight into the investment process.
Whilst not an exhaustive list, we will recommend one book a week to read, for a year. This list should provide a good starting point for any interested investor.
Nassim Nicholas Taleb’s first book, Fooled by Randomness, is a well deserved number 2 on our list of books to read before buying your next stock. Black Swan, his second book, covers similar concepts to Fooled by Randomness. It is an excellent book that often made me...
This book is written for 'Mum and Dad' investors by one of the world’s most successful Fund Managers who made his name managing the multi-billion dollar Fidelity Magellan Fund. He holds nothing back in his detailed advice on how Mum and Dad investors can 'Beat the...
This book was written by two portfolio managers who worked for William O’Neill and as such are practitioners of the William O’Neill investment philosophy which we as an organisation have written extensively about. Our own investment philosophy is an adaptation of the...
Karl Siegling recently wrote a resources article for the ASX where he noted "Readers may remember the resources mantra of ‘stronger for longer’ from around 2002 until 2007, initially the story was one of China growth. As the resource boom continued the mantra evolved...
In this book first released in 2015 and updated in 2016 to reflect the Brexit vote, the author discusses how everyday signs and events can help us to navigate the World's turbulent economy. Dr Malmgren argues that being alert to the many smaller signals around us, we...
What caught my eye about this book was what Warren Buffet had to say. "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book." This successful American investor is renowned...
I first read this book not long after it was published in 2003 and really enjoyed it. At the time there were many books written on successful American fund managers, but Masters of the Market was the first book to focus on Australian fund managers. Each chapter in...
This is a very well written biography on one of the world’s most successful stock pickers. This book gives the reader in-depth insights into the investment mind of Buffet during the first 40 years of his investing career. It covers in detail ten or so of his earlier investments and shows over time how the his Investment Philosophy evolved. As an investor there are numerous things to be learned in this book. One of the things that struck me was how extremely patient Buffet was. He would be happy to sit in cash for long periods at a time until it was the right time to start investing into an investment. He also felt very strongly that you should only invest into things that you completely understand. This book was also very interesting in that it did a great job in giving some insights into the personal and family life of this great investor.
Liar’s Poker was one of the first books I read that was a first hand account of what goes on inside an Investment Bank. In the late 1980’s Michael Lewis was employed by Solomon Brothers in the bond trading department. The bond traders were expected to make money any...
We reviewed Reminiscences of a Stock Operator earlier in our recommended books list, which offers an overview of Jesse Livermore’s success as a trader – the story of the Boy Plunger. This biography is excellent further reading on Livermore, as it goes into great...