Business

Black Friday Target: Our Favorite Finance Books Of 2013

Black Friday is a big shopping day (duh)! Ahead of the big day (and lets not forget Thanksgiving) it has become popular to post deals, lists, etc. We wanted to make a list which adds some ‘value’ (no pun intended) to the trend. Below is a list of our favorite investment books which came out in 2013. Most are value oriented, others are just interesting. Check out our Black Friday list below and feel free to add your favorites.

Below is a full Black Friday list followed by each book with some further detail.

Black Friday list detailed

The Outsiders

The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike

“#1 on Warren Buffett’s Recommended Reading List” — Berkshire Hathaway Annual Shareholder Letter, 2012

What really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term.

The Essays of Warren Buffett

The Essay of Warren Buffett Black Friday

The Essays of Warren Buffett: Lessons for Corporate America, Third Edition by Warren E. Buffett.

Shareholder Yield

Shareholder Yield Black Friday

Shareholder Yield: A Better Approach to Dividend Investing by Mebane Faber

Shareholder Yield: A Better Approach to Dividend Investing shows step-by-step how to find returns in a low yield world. Investors have flocked to dividend stocks in search of yield; however, fewer companies are paying out less in dividends due to legal, tax, and structural changes in the US markets.

Deep Value Investing

Deep Value Investing Black Friday

Deep Value Investing: Finding bargain shares with big potential Paperback by Jeroen Bos

Inspired by Graham’s classic and with a long history of discovering these great value stocks – sometimes known as ‘bargain issues’ or ‘netnets’ – author and investor Jeroen Bos reveals: – how to use only publicly available information to discover these shares and filter the gold from the dross – everything he did when analysing, purchasing, monitoring and selling more than ten recent successful deep value investments – the complete philosophy behind deep value investing, and the ins and outs of this strategy in practice – what can go wrong and how to minimise the chances of it happening to you. Deep value investing has a better track record than almost any other approach to the market.

More Than You Know

More Than You know Black Friday

More Than You Know: Finding Financial Wisdom in Unconventional Places Paperback by Michael J. Mauboussin

Since its first publication, Michael J. Mauboussin’s popular guide to wise investing has been translated into eight languages and has been named best business book by BusinessWeek and best economics book by Strategy+Business. Now updated to reflect current research and expanded to include new chapters on investment philosophy, psychology, and strategy and science as they pertain to money management, this volume is more than ever the best chance to know more than the average investor.

The Most Important Thing Illuminated

The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing) Hardcover by Howard Marks

Howard Marks’s The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. In this edition, Marks’s wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group).

The New Tycoons

The New Tycoons Black Friday

The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything by Jason Kelly

What do Dunkin’ Donuts, J. Crew, Toys “R” Us, and Burger King have in common? They are all currently or just recently were owned, operated, and controlled by private equity firms. The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything takes the reader behind the scenes of these firms: their famous billionaire founders, the overlapping stories of their creation and evolution, and the outsized ambitions that led a group of clever bankers from small shops operating in a corner of Wall Street into powerhouse titans of capital. This is the story of the money and the men who handle it.

The Buy Side

The Buy Side Black Friday

The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess  by Turney Duff (Goodreads Author)

The Buy Side, by former Galleon Group trader Turney Duff, portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements.  A remarkable writing debut, filled with indelible moments, The Buy Side shows as no book ever has the rewards – and dizzying temptations – of making a living on the Street.

Market Wizards

Market Wizards: Interviews with Top Traders by Jack D. Schwager

How do the world’s most successful traders amass tens, hundreds of millions of dollars a year? In Market Wizards Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right.

American Icon

American Icon: Alan Mulally and the Fight to Save Ford Motor Company Paperback by Bryce G. Hoffman

The inside story of the epic turnaround of Ford Motor Company under the leadership of CEO Alan Mulally.

At the end of 2008, Ford Motor Company was just months away from running out of cash. With the auto industry careening toward ruin, Congress offered all three Detroit automakers a bailout. General Motors and Chrysler grabbed the taxpayer lifeline, but Ford decided to save itself. Under the leadership of charismatic CEO Alan Mulally, Ford had already put together a bold plan to unify its divided global operations, transform its lackluster product lineup, and overcome a dys­functional culture of infighting, backstabbing, and excuses. It was an extraordinary risk, but it was the only way the Ford family—America’s last great industrial dynasty—could hold on to their company.

The Manual of Ideas

The Manual of Ideas Black Friday

Book Review: The Manual of Ideas by John Mihaljevic

Reveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideas. The next best thing to taking a peek under the hoods of some of the most prodigious brains in the business, it gives you uniquely direct access to the thought processes and investment strategies of such super value investors as Warren Buffett, Seth Klarman, Glenn Greenberg, Guy Spier and Joel Greenblatt.

Quantitative Value

Quantitative Value Black Friday

Quantitative Value, + Web Site: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (Wiley Finance) by Wesley Gray

A must-read book on the quantitative value investment strategy. Legendary investment gurus Warren Buffett and Ed Thorp represent different ends of the investing spectrum: one a value investor, the other a quant. While Buffett and Thorp have conflicting philosophical approaches, they agree that the market is beatable.

The Great Rebalancing

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy Hardcover by Michael Pettis

Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations–a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar–that will have long-lasting effects.

The Art of Value Investing

The Art of Value Investing Black Friday

Book Review: The Art of Value Investing by John Heins

Says Bill Ackman of Pershing Square Capital Management about The Art of Value Investing:

“I learned the investment business largely from the work and thinking of other investors. The Art of Value Investing is a thoughtfully organized compilation of some of the best investment insights I have ever read. Read this book with care. It will be one of the highest-return investments you will ever make.”

Pound Foolish

Pound Foolish: Exposing the Dark Side of the Personal Finance Industry by Helaine Olen

In this meticulously reported and shocking book, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated. She shows how an industry that started as a response to the Great Depression morphed into a behemoth that thrives by selling us products and services that offer little if any help.

That ends our Black Friday list, hope you enjoyed!