John Wiley & Sons, 2012, [Equity Investing] Grade 4
The second best short cut to financial experience after working and learning from one of the great masters is reading the books they write. This is something fairly close – a book by a person who did work for a true master. Alasdair Nairn, CEO of the asset management firm Edinburgh Partners, worked for... Further reading... Link to Amazon...
Harper Collins, 2003 (updated version of 4th edition from 1973), [Equity Investing] Grade 5
When Benjamin Graham (for a further presentation see my review of his bible Security Analysis) was in his late 50’s (1949) he wrote the Intelligent Investor. The purpose of this book was to present his ideas for laymen, with less of technical details and more on... Further reading... Link to Amazon...
1997, [Equity Investing] Grade 5
Warren Buffett is fond of saying that he loves Coca-Cola (the stock) because of the virtue of knowing how its business will look a decade from now (i.e. the same). One can almost certainly say the same about his own writings: A century from now people will still marvel at... Further reading... Link to Amazon...
Prentice Hall, 4th edition 2011, [Equity Investing] Grade 5
William O´Neil was born in 1933 and in 1963 he founded the company that bears his name. His company developed the first computerized daily securities database and he is still very active promoting his services of which this book probably is his bestselling tool. Based upon his... Further reading... Link to Amazon...
McGraw-Hill, (6th edition) 2009, [Equity Investing] Grade 5
This is probably the most famous book of all books in the investment arena, quoted as one of the most important books by several investment legends like Warren Buffet. Buffett who had Graham as a teacher, and who was his favourite student earning the highest grade was the only one to... Further reading... Link to Amazon...
Dearborn Financial Publishing, 1994, [Equity Investing] Grade 3
More than a book on value investing this is a book describing the history and person of Benjamin Graham written by one of today’s most prominent business writers. It’s a biography, not an investment text and together with the 1996 posthumously published, and never... Further reading... Link to Amazon...
John Wiley & Sons, First ed 1935, [Equity Investing] Grade 5
Gerald Loeb was a well-known Wall Street profile for over 40 years. As a partner of the investment bank E.F. Hutton he broked stocks, but more importantly, he invested his own and other investors money. On top of all, he wrote popular columns in Barron’s and Wall Street Today about his investment strategies and how... Further reading... Link to Amazon...
John Wiley & Sons, First ed 1958, [Equity Investing] Grade 5
Two things can be said about this book: One, it is a text which will still transform people many years from now. Two, everybody has eaten it, but very few have really tasted it. Warren Buffett has famously said that Chapter 8 of “The Intelligent Investor” completely turned... Further reading... Link to Amazon...
Fireside, 1989, [Equity Investing] Grade 5
Peter Lynch who managed the Magellan Fund at Fidelity from 1977 to 1990 was the shining star on the 1980’s equity heaven. Lynch’s yearly outperformance was 14 percentage points and he succeeded in beating the S&P 11 years in a row. In this book the author reveals his investment beliefs and... Further reading... Link to Amazon...
FT Prentice Hall, 2001, [Equity Investing] Grade 4
I love stock picking and I love stock pickers. Not the way I love my wife and kids, but still. This is a book that covers the strategies and processes of eight superb stock pickers plus one of the few persons ever who truly have mastered the game of market timing. The author Glen Arnold, investor and... Further reading... Link to Amazon...
Pearson, 2009, [Equity Investing] Grade 5
Most of us know of several successful US managers, but when it comes to European managers it’s much more difficult. The author of this book is one of the most successful European investors, Anthony Bolton, who very successfully managed several... Further reading... Link to Amazon...
John Wiley & Sons, 2009, [Equity Investing] Grade 3
The sector analysts at the asset management firm Fisher Investments, run by investment celebrity Ken Fisher, are working through the ten GICS-sectors and presenting them one by one in a number of books. I read this one on the energy sector in parallel with an... Further reading... Link to Amazon...
John Wiley & Sons, 2001, [Equity Investing] Grade 5
Ben Graham taught value investing with David Dodd at Columbia, starting in 1928. Since then, Columbia has been the academic center for value investing. Graham and his disciples have been extremely successful, mainly because they used Graham’s investment concepts. But as... Further reading... Link to Amazon...
John Wiley & Sons, first edition 1923, [Equity Investing] Grade 5
With surprisingly few exceptions those who have achieved real success on the stock market come from one out of two camps. The first one is value investors with a time horizon of 2 to 5 years and the other is momentum investors with a time horizon of 3 to 18 months. Few in... Further reading... Link to Amazon...
Harper Business, 1991, [Equity Investing] Grade 5
Everybody knows about Warren Buffett, and Buffett is undoubtedly the most successful value investor of the last 50 years. However, Seth Klarman at Baupost is probably the most prominent value investor of the last 25 years. Baupost was set up in 1982 and has since averaged... Further reading... Link to Amazon...
John Wiley & Sons, 2009, [Equity Investing] Grade 4
Economist Andrew Smithers is the founder of Smithers & Co that gives advice on asset allocation to many of the largest asset managers globally. Smithers real claim to fame is however as the co-author of the extremely well timed book Valuing Wall Street. In this book he, right at... Further reading... Link to Amazon...
McGraw-Hill, 2000, [Equity Investing] Grade 5
Two books came out early 2000, right at the peak of the TMT-bubble, and in combination they changed the way I viewed the equity market. The first one was Irrational Exuberance by Professor Robert Shiller and the second was Valuing Wall Street by Smithers & Wright. Not only did they... Further reading... Link to Amazon...
McGraw-Hill, 2009, [Equity Investing] Grade 3
The author Jeff Matthews, hedge fund manager at Ram Partners and blogger, is also one of the characters in the text as it almost has the form of a diary. The main character is not Matthews however, it’s not even Warren Buffett. The spotlight instead falls on... Further reading... Link to Amazon...
Wold Scientific Publishing, 2007, [Equity Investing] Grade 3
As a former stock broker, fund manager, private investor and writer of investment columns, Tony Measor have more than half a century of experience from investing in Asia with apparently highly enviable results. Few would appear more qualified to explain the mysteries of... Further reading... Link to Amazon...
John Wiley & Sons, 2011, [Equity Investing] Grade 3
The towering giant behind this book is Ken Fisher, son of investment legend Philip Fisher and one of the world’s premier GARP-investors. Fisher and his investment firm analysts have the last few years been publishing guides on how to invest in all the... Further reading... Link to Amazon...
