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...
Jossey-Bass, 2013, [Business] Grade 5
“Self-made leader and social entrepreneur Morton Mandel is likely the most successful person you have never heard of… until now. No matter where you are on your leadership path, this book will make an enormous difference in your outcomes. Get your copy today”. A cardinal rule of a... Further reading... Link to Amazon...
Simon & Shuster, 2002, [Business] Grade 4
The scene is a hotel bar in Hong Kong. The cast is a group of relatively seasoned portfolio managers from various Scandinavian countries - amongst them myself. The PM:s don’t really know each other but after a nice dinner the general feeling is that the other ones are quite nice... Further reading... Link to Amazon...
Prentice Hall Financial Times, 2013, [Business] Grade 5
This is a collection of strategy models like Porter’s 5 Forces or the BCG Matrix but it’s more than that. The author has written a strategy handbook on how to use these models as practical tools. Strategy models are a diverse bunch and they relate to anything from how to set up a... Further reading... Link to Amazon...
Prentice Hall Financial Times, 2009 2nd ed, [Business] Grade 3
If you’re a fundamental long term equity investor or an analyst, a part of your job is probably to discuss the future prospects of companies with the purpose of figuring out if the future looks different than what the equity market is pricing. Most often this then means discussing strategy... Further reading... Link to Amazon...
McGraw-Hill, 2009, [Business] Grade 3
This is the latest, best but to be frank - hopefully the last of a trilogy of books on the methods used by the management consulting firm McKinsey (The McKinsey Way and The McKinsey Mind being the prior two). It offers a methodology, a toolkit to run a high performing project team and... Further reading... Link to Amazon...
McGraw-Hill, 2002, [Business] Grade 3
This is the second book of a trilogy on the project management methods of the consultancy giant McKinsey. The book presents a project methodology on how to solve business problems in a structured project form and also to manage the project team meanwhile. It does not cover The... Further reading... Link to Amazon...
McGraw-Hill, 1999, [Business] Grade 2
This is a dual tail. The McKinsey Way on the one hand gives an account of the work that the consultants at “the Firm” perform. On the other hand it describes the character and corporate culture of the world’s most prestigious management consultant firm. Unfortunately everything is... 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...
McGraw-Hill, 2005, [Finance] Grade 3
If you ever wondered how credit ratings are set, here’s the answer. The authors are managing directors at Standard & Poor’s and John Bilardello manages the corporate ratings division, few know more about how credit ratings are set. In all effects this is a book on how S&P performs... Further reading... Link to Amazon...
Oxford University Press, 2013, [Surrounding Knowledge] Grade 3
I’m often baffled by the fact that many talking heads never seem to have read any of the important texts on the subject they are scolding. The reader of this book will search the literature list in vain for Alfred Rappaport’s Creating Shareholder Value etc. It would seem that it’s only by... Further reading... Link to Amazon...
The University of Michigan Press, 2008, [Surrounding Knowledge] Grade 5
Suppose I told you I had found irrefutable scientific evidence that a CEO’s golf handicap affects his or her company’s stock performance. Better golfers imply higher stock returns, I’d say. As evidence I would produce a huge regression model, covering thousands of companies, where... Further reading... Link to Amazon...
Penguin Books, 1994, [Finance] Grade 5
In 1954 the Canadian-born, Keynesian celebrity economist, serial author, academic enfant terrible and producer of timeless quotations - Ken Galbraith published his now classic The Great Crash of 1929. It’s never been out of print since. A Short History of Financial Euphoria is a compendious... 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...
Doubleday, 2012, [Surrounding Knowledge] Grade 4
This book belongs firmly in the surrounding knowledge category, which I suspect to most readers of InvestingByTheBooks is a category we turn to after all of the “real” book titles have been exhausted. Expanding one’s horizons is important I believe. In the words of Charlie... Further reading... Link to Amazon...
Wiley & Sons, 2008, [Finance] Grade 4
Are hedge funds turning into mutual funds? The question might not be as ridiculous as it appears. This book argues that within a few years there will be a multitude of alternative beta indexes to be used as benchmarks for hedge funds. Hedge funds will look to relative returns... Further reading... Link to Amazon...
McGraw-Hill, 2011, [Finance] Grade 5
If you want an accessible way of starting to learn about derivates this is it. Michael Durbin has written an easy going text, free from jargon and without too many equations. The equations needed are still there, if not in the text then at least in the appendixes. The text is basic but still... 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...
LES Publishing, 2012, [Behavioural Finance] Grade 4
After reading the first chapters I thought “oh no, it’s just another book listing behavioural biases”. It’s not. This book combines two related genres, down to earth trading psychology books and the more academic texts on behavioural finance. On top, a good sprinkle of the authors and his... Further reading... Link to Amazon...
Harper Business, 2012, [Surrounding Knowledge] Grade 5
Disclaimer: I am a huge fan of Clay Christensen.
This wonderful book by Harvard Business School Professor of Management Clay Christensen, HBS student James Allworth and Harvard Business Review editor Karen Dillon is not about... Further reading... Link to Amazon...
