Home Book Reviews Value Investing, Behavioral Finance Reading List

Value Investing, Behavioral Finance Reading List

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.

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