Value Investing, Behavioral Finance Reading List by SG Value Investor, The Value Edge

The main determinant of successful investing is often information, or knowledge. A single investment decision most often employs an array of different concepts and models – Accounting, Finance, Economics etc. This is echoed by Charlie Munger in his speech on worldly wisdom. He raises the idea that to be a successful stock picker, one needs some general education and multiple models from multiple disciplines. These models will make you a worldly-wise person who is able to explain and comprehend most of the reality around you. In that spirit, I would like to share the titles in my current reading list – some have already been read but most have not so just take them as mere suggestions for your future readings.

Biographies

Buffett: The Making of an American Capitalist – Roger Lowenstein
The Snowball: Warren Buffett and the Business of Life – Alice Schroeder
Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street – Janet Lowe

Economics

The World Is Flat 3.0: A Brief History of the Twenty-first Century – Thomas Friedman
Why Nations Fail: The Origins of Power, Prosperity, and Poverty – Daron Acemoglu
The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor – David Landes
The Wealth of Nations – Adam Smith

Classics

The Intelligent Investor: The Definitive Book on Value Investing – Benjamin Graham
Security Analysis – Graham and Dodd
Value Investing: From Graham to Buffett and Beyond – Bruce Greenwald et al
Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor – Seth Klarman
Common Stocks and Uncommon Profits and Other Writings – Philip Fisher

Value Investing

Value Investing: A Balanced Approach – Marty Whitman
Value Investing: Tools and Techniques for Intelligent Investment – James Montier

General Investing

Investment Philosophies: Successful Strategies and the Investors Who Made Them WorkInvestment Philosophies – Damodaran
The Little Book That Still Beats the Market – Joel Greenblatt
The Handbook of Fixed Income Securities, Eighth Edition– Frank Fabozzi
Quantitative Value, + Web Site: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors – Wesley Gray and Tobias Carlisle
Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations – Tobias Carlisle
The Interpretations of Financial Statements – Benjamin Graham

Competition

Competition Demystified: A Radically Simplified Approach to Business Strategy – Greenwald & Kahn
Measuring the Moat – Michael Mauboussin

Behavioral Finance

Behavioural Investing: A Practitioners Guide to Applying Behavioural Finance – James Montier
Seven Sins of Fund Management – James Montier
Psychology of Human Misjudgement – Charles Munger

Investment Firms

Liar’s Poker –Michael Lewis
When Genius Failed – Lowenstein
The Big Short: Inside the Doomsday Machine – Michael Lewis
Flash Boys – Michael Lewis

Miscellaneous

Critical Mass: How One Thing Leads to Another – Philip Ball
The Black Swan – Nassim Taleb
Fooled by Randomness – Nassim Taleb

Feel free to raise a comment if you have any suggestions.

Value Investing, Behavioral Finance Reading List