- The Most Influential
- Topics: Risk/Reward
- Process to Extract Edge
- Popular Themes
- Numeracy and stats
- Microeconomic Reasoning
- Value Investing
- Competitive Markets
- Risk
- Parallels to Edge in Sports
- History
- Behavioral/Psychology
- General Investing
- Novel
- Reference
The Most Influential
Topics: Risk/Reward
Peter Thiel: Zero to One (Link)
Aaron Brown: Red Blooded Risk (Link)
Peter L Bernstein: Against the Gods (Link)
Howard Marks
David Sklansky
Process to Extract Edge
AQR research
- Expected Returns by Antti Ilmanen (Link)
“The Bible”. “Don’t tell others”
- Papers by Tobias Moskowitz (Link)
Turtle Trading
- Way of the Turtle by Curtis M. Faith (Link)
“Drilled into me the importance of process, even if simple, before my career really ever began”
- The Original Trading Rules pdf (Link)
Jack D Schwager
“Biggest takeaway: a lot of shit works, figure out what aligns with your personality”
Popular Themes
Numeracy and stats
Nate Silver: The Signal and the Noise (Link)
Darrell Huff: How To Lie With Statistics (Link)
Alex Reinhart: Statistics Done Wrong (Link)
John Allen Paulos: Innumeracy (Link)
Microeconomic Reasoning
Levitt and Dubner: Freakonomics (Link)
Tim Harford: The Undercover Economist (Link)
Value Investing
Munger/Buffet
- Poor Charlie’s Almanac (Link)
- Munger Speech at USC, 1994 (Link)
- Buffet’s original partnership letters (Link)
Seth Klarman: Margin of Safety (Link)
Joel Greenblatt: The Little Book That Beats The Market (Link)
Competitive Markets
Michael Mauboussin
Jesse Livermore (pseudonym)
- Diversification, Adaptation, and Stock Market Valuation (Link)
“This changed my thinking about how market participants behave and how their learning process can influence future prices”
- The Single Greatest Predictor of Future Stock Market Returns (Link)
Risk
Benoit Mandelbrot: The Misbehavior of Markets (Link)
William Poundstone: Fortune’s Formula (Link)
Chris Cole: Research Papers (Link)
Parallels to Edge in Sports
Michael Lewis: Moneyball (Link)
Bill James: Win Shares (Link)
Dean Oliver: Basketball on Paper (Link)
History
Daniel Yergin: The Prize (Link)
- “It’s a good exercise in rethinking everything-you-know based on a new model.”
Ron Chernow: The House of Morgan (Link)
Emile Zola: Money (Link)
William Thorndike: The Outsiders (Link)
Jim Rogers: Investment Biker (Link)
Satyajit Das: Traders, Guns, and Money (Link)
Roger Lowenstein: When Genius Failed (Link)
Scott Patterson: The Quants (Link)
Steve Knopper: Appetite for Self-Destruction (Link)
Behavioral/Psychology
Thomas Gilovich: How We Know What Isn’t So (Link)
Lynne Twist: Soul of Money (Link)
Kahneman and Tversky: Thinking Fast and Slow (Link)
Steven Johnson: Mind Wide Open (Link)
Brett Steenbarger: The Psychology of Trading (Link)
Edward Russo: Decision Traps (Link)
General Investing
William J. Bernstein: The Four Pillars of Investing (Link)
- “I’m confident a regular person could read this book, and nothing else, and outperform most professional advisors. It’s an all-in-one book that covers the history of markets, practical portfolio construction, and the emotional side of investing. Despite the wide scope, it doesn’t feel like a compromise in any category. By far my most suggested book.”
Harry Browne: Fail Safe Investing (Link)
Alexander Elder: Trading For A Living (Link)
Novel
Ayn Rand: The Fountainhead (Link)
Herman Melville: Moby Dick (Link)
“A good way meditation on how much you sacrifice if you’re goal-oriented, effective, have a high risk-tolerance, and need to work with a diverse set of stakeholders.”
Reference
Sheldon Natenburg: Option Volatility and Pricing (Link)
Mullis and Orloff: The Accounting Game (Link)
Nassim Taleb: Dynamic Hedging (Link)
Carol Alexander: Market Models (Link)
Peter Kennedy: A Guide to Econometrics (Link)
Lists from others whose work I follow:
Meb Faber (Link)
Dan Egan (Link)
Epsilon Theory Core Curriculum (Link)
Jason Collins’ Economics + Evolutionary Bio list (Link)
Taylor Pearson (Link)
Famous Investors’ Reading Lists (Link)